Airline

Volaris swings to loss in first quarter

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Volaris swings to loss in first quarter

Mexican low-cost carrier Volaris reported a net loss of $51 million in the first quarter of the year, swinging from its net profit of $33 million last year. The result was driven by an 11.7% drop in revenues, totalling $678 million. Meanwhile, operating expenses were up 3.6%, outgrowing revenues at...

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