Volaris reports Q2 results

admin
By admin July 29, 2014 13:30

Volaris reports Q2 results

Mexican ultra-low-cost carrier (ULCC) Volaris has reporting a net loss of MXP75 million ($6 million), reduced from the airline’s Q1 net loss of MXP370 million. The Q2 net loss, however, is a reversal from the MXP173 million net profit Volaris posted during Q2 2013.

Volaris reported its non-ticket revenues (excluding cargo) per-passenger increased 46.4% year-on-year during Q2 to MXP252 million, up from MXP172 million in Q2 2013.

In a statement, the airline said: “Our non-ticket revenues strategy continued to unfold during Q2 2014, as the new baggage policy and the retail onboard program was rolled out and the entire ancillary suite expanded and gained greater customer acceptance.”

Volaris CEO Enrique Beltranena said: “In the second quarter of 2014, fare and demand environment showed early signs of stabilization and then gradual recovery from the challenging fourth-quarter 2013 and first-quarter 2014 market conditions. We are cautiously encouraged by the recent trends, and continue to see evidence of improvement in the economic environment and in our business performance going forward.”

admin
By admin July 29, 2014 13:30