Volaris doubles quarterly earnings

Volaris, the low-cost airline that operates in Mexico, the United States, Central and South America, doubled its net profit in the third quarter of the year compared to the same period of 2019, a year in which the coronavirus pandemic had not yet affected the airline industry.

The company reported that its net profit in the period from July to September was 1,515 million pesos or 112% higher than that reported in the same months of 2019, when it amounted to 713 million pesos.

In the Volaris report, it stated that operating cash flow (EBITDA) grew 59%, to 5,235 million pesos, compared to the third third of 2019 and its total operating income amounted to 12,804 million pesos, an increase of 35% in the comparison period. , despite the fact that demand slowed in the second half of the quarter due to higher cases of Covid-19 in Mexico and the US.

Volaris handled 6.7 million passengers in the quarter, an increase of 18 percent. Domestic passengers increased 19% and international passengers 17 percent. For the fourth quarter, Volaris expects to grow the capacity of miles per available seat between 26 and 29% compared to 2019.

“We demonstrated the agility and ability of Volaris to adapt to a challenging environment in demand, redistributing capacity to the appropriate markets by stimulating demand,” said Enrique Beltranena, executive president and CEO of the airline, in the report. .

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