Mexico City-based ultra-LCC Volaris—faced with a very competitive low-cost market combined with fluctuating currency exchange rates—posted a MXP595 million ($30.2 million) full-year net loss for 2017, reversed from MXP3.5 billion net profit in 2016. Volaris’ full-year revenue totaled MXP24.8 billion, up 5.7% year-over-year (YOY), but passenger revenue, notably, was flat for the year at MXP17.8 billion. Non-ticket revenue increased 23.3%. Full-year expenses increased 19.5% ...

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