Mexican ultra-LCC Volaris reported a MXP1.1 billion ($61.5 million) net loss for the first quarter of 2018, narrowed from a MXP1.3 billion net loss in 1Q 2017, as competitive low-cost fares in the country’s domestic market and increased industry capacity continued to inflict pressure on the Mexico City-based carrier. Volaris closed out 2017 with a full-year MXP595 million net loss.  Foreign exchange volatility also challenged the airline’s financial bottom line. Compared ...

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