Volaris posts $30 million net loss as passenger revenue growth stalls

Credit: Rob Finlayson
Mexico City-based ultra-LCC Volaris—faced with a very competitive low-cost market combined with fluctuating currency exchange rates—posted a MXP595 million ($30.2 million) full-year net loss for 2017, reversed from MXP3.5 billion net profit in 2016.Volaris’ full-year revenue totaled MXP24.8 billion...

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