Mexico City-based ultra-low-cost carrier (ULCC) Volaris reported a MXN519.9 million ($29 million) net loss for the 2017 second quarter, reversed from the airline’s MXN935 million net profit in 2Q 2016. “We continued to face challenging international market conditions, although [we are] sequentially improving,” Volaris CEO Enrique Beltranena said. Volaris’ second-quarter net loss was less than half of the company’s MXN1.4 billion net loss in the 2017 ...

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