Mexican budget airline Volaris reported a return to profit in the fourth quarter (Q4) of 2022 but sustained an annual loss of $30 million. Q4 earnings per share came to $0.02 but the annual outcome was a $0.03 loss per share. Earnings [EBIDTAR] for the year were down 27% to $586 million and were “negatively impacted by higher fuel expenses”. The $28 million Q4 2022 profit came on the back of a 22% revenue jump to $820 million, compared to Q4 2021. Revenue per available seat mile rose 2.1% to $8.63 cents and available seat miles increasing 18% to 9.5

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