Mexican ultra-low-cost carrier (ULCC) Volaris reported second-quarter net income of $23 million, reversed from a $5.7 million net loss in the year-ago period. The airline said the results were due to consumer confidence, lower fuel prices and an increase in traffic for Mexican carriers of 13.6% from January to May year-over-year. “During the second quarter we continued to see improving market dynamics driven by solid demands and growing customer acceptance of the Volaris ULCC model. ...

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