Volaris Q1 results

admin
By admin April 30, 2014 13:54

Volaris Q1 results

Volaris Aviation has posted a first quarter earnings per share (EPS) of ($0.28), $0.08 worse than analyst estimate of ($0.20). Revenue was $212 million, considerably below the consensus estimate of $220.83 million.

Volaris CEO Enrique Beltranena said: “In the first quarter of 2014, market conditions were very difficult. While I am disappointed in the quarter’s financial results, we responded well to the challenges. We managed capacity and pricing in a responsible way, reaffirmed our cost control discipline and grew non-ticket revenues. The entire team remains sharply focused on driving significant long term value growth and financial success, by firmly executing our Volaris ULCC model.”

admin
By admin April 30, 2014 13:54
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