Mexico’s Volaris is pressing on with an aggressive growth strategy that relies on converting bus passengers into air travelers with low base fares, fueling its expansion with high utilization rates to keep costs down. The ultra-LCC grew system capacity 22% last quarter, with a roughly even split between domestic—which is about 70% of its total capacity—and international expansion rates. The growth came via the addition of eight aircraft since 2018’s second quarter, ...

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