Ultra low-cost Mexican carrier Volaris reported 2016 first-quarter net income of MXP602 million ($34.4 million), up 96.7% from a MXP306 million profit in the year-ago period. The carrier reported increased passenger demand and lower fuel prices helped achieve the higher net numbers. “The strong passenger demand environment in the first quarter of 2016, supported by seasonality, continued fueling Volaris’ financial results and achieving record first-quarter margins,” ...

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