Volaris posts US$63 million net loss as revenues and margins decline
Volaris has posted a net loss of US$63 million for the latest quarter, equivalent to a loss of US$0.55 per American Depositary Share (ADS). Total operating revenues declined by 5% to US$693 million, driven by weaker unit revenues. Revenue per available seat mile (TRASM) dropped by 12% to US$7.80, despite a 9% increase in capacity, […]
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