Mexican ultra-low-cost carrier (ULCC) Volaris eased its 2014 losses in the second quarter, reporting a net loss of MXP75 million ($6 million), narrowed from the company’s first-quarter net loss of MXP370 million. The second-quarter net loss, however, is a reversal from the MXP173 million net profit Volaris posted in the year-ago June quarter. Volaris reported its non-ticket revenues (excluding cargo) per passenger increased 46.4% year-over-year in the second quarter, to ...

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