Mexican ultra-LCC Volaris posted a MXP38 million ($2 million) net profit for second-quarter 2018, reversing its MXP508 million net loss in the 2017 June quarter. As economic fuel costs spiked 41% year-over-year (YOY) during the 2018 second quarter, an intensive cost-reduction program enabled the carrier to finish the quarter with CASM of U.S. 6.9 cents—the same CASM Volaris registered a year ago—“totally compensating the fuel cost increase,” CEO Enrique Beltranena ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Volaris Cost-Cutting Leads To 2Q Net Profit".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.