Mexican ultra-LCC Volaris posted a MXP38 million ($2 million) net profit for 2018 second quarter, reversing a MXP508 million net loss in 2Q 2017. As economic fuel costs spiked 41% year-over-year (YOY) during the 2018 second-quarter, an intensive cost-reduction program enabled the carrier to finish the quarter with a CASM of US 6.9 cents—the same CASM Volaris registered a year ago—“totally compensating the fuel cost increase,” CEO Enrique Beltranena said in an ...

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