Buoyed by a strong fourth-quarter performance, Mexico City-based ultra-low-cost-carrier (ULCC) Volaris posted a full-year net profit of MXP605 million ($41 million) for 2014, more than doubling its 2013 net result (MXP265 million). Volaris’ fourth-quarter net profit was MXP703 million, reversing the carrier’s MXP97 million net loss in 4Q 2013. Volaris’ operating revenue for the full-year was MXP14.04 billion, up 8% YOY. Non-ticket (ancillary) revenue for the full-year was ...

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