Mexican ultra low-cost carrier (ULCC) Volaris has posted a first-quarter net profit of MXP306 million ($20.1 million), reversing a MXP370 million net loss for the 2014 March quarter. “We continue to diversify our network and strengthen our unbundled product strategy, increasing our international presence and growing non-ticket revenues while maintaining cost discipline,” Volaris CEO Enrique Beltranena said. “Volaris’ strong performance for the first three ...
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