Mexican ultra-low-cost carrier (ULCC) Volaris reported a MXP1.4 billion ($72.7 million) net loss for the first quarter of 2017, reversed from a MXP602 million net profit in the year-ago quarter.  Volaris CEO Enrique Beltranena said the company “faced a challenging market and geopolitical environment” during the quarter. Fuel prices increased significantly compared to a year ago, Volaris reported, with the company’s average economic fuel cost per gallon ...

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