Mexico City-based ultra-low-cost-carrier (ULCC) Volaris further eased its cumulative 2014 losses in the third quarter, reporting a net profit of MXP347.3 million ($25.7 million), a 36.9% year-over-year improvement on the company’s 2013 September quarter results. The third-quarter turnaround allows Volaris to diminish its 2014 losses (MXP370 million in the first-quarter, MXP75 million in the second-quarter); currently the company’s 2014 net loss through September 30 stands at ...

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