Volaris records 29% revenue increase but $71m loss

Volaris’ revenues for the first quarter of 2023 hit $731 million, a 29% increase on the 2022 period, with revenue per available seat mile (TRASM) up 9.5% to $7.71 cents and available seat miles (ASM) up  18%. The budget  carrier reported operating expenses of $762 million, which came to 104% of revenue, after operating expenses per available seat mile (CASM) increased 8.2% to $8.03 cents and fuel prices jumped 12% to $3.46 per gallon Booked passengers were 8.2 million for the quarter, an increase of 17%, the carrier reported, with domestic and international  passenger numbers increasing 13% and 33% for