Mexico City-based Volaris reported a 2016 third-quarter net income of MXP1 billion ($55 million), down 7.1% from the year-ago period. But the ultra-low cost carrier (ULCC) continued its strong growth path, adding five new international routes, growing passenger numbers by 18.9% and increasing non-ticket revenues by 43.4%. Volaris’ total 3Q operating revenue was MXP6.7 billion for the third quarter, an increase of 29% year over year. Expenses, however, grew with operating costs per ...

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