Volaris updates guidance for the second quarter of 2021

Volaris has provided an update to its guidance for the second quarter of 2021. Over the past three weeks the airline notes that it has seen a material improvement in sales for both the domestic Mexican market and the transborder US international market. While the recovery from COVID-19 has been difficult to predict and a high level of uncertainty remains, based on current trends Volaris is now projecting capacity for the second quarter measured in available seat miles (ASMs) to be in the range of 110% to 113% of 2019 second quarter capacity. Volaris expects to generate positive cash in