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Volaris the second largest airline with the highest passenger traffic in Mexico, reported an operating loss of 575 million pesos in the second quarter of the year, which contrasts with the gain of 51 million recorded in the same period of a year before.
According to its report to the Mexican Stock Exchange (BMV), this change results from the combination of a low-income performance with a double-digit increase in its operating expenses. The latter is mainly related to the increase of fuel and, to a lesser extent, to the increase in aircraft rental and maintenance costs.
According to the company, in the second quarter, the average price of fuel per gallon was 45.3 pesos, which represented an increase of 41.2% over the same period of time. 39, previous year. In addition, the depreciation of more than 4% of the peso against the dollar has increased the rental and service of aircraft.
In April-June quarter, the airline that operates Enrique Beltranena added a total income of 6 thousand 230 million pesos, only 3.9 percent more than in the same period of time. Previous year, This is partly a reflection of the competitive pricing environment that is being maintained in the domestic market and that has resulted in a nearly 11% drop in the company's rate of return ( yield).
During the second quarter of this year, Volaris carried 4.5 million passengers, an increase of 10.5% over the same period of the previous year. With this, the load factor across its network grew by 0.1 percentage point to 85.8%.
Despite the operating loss, Volaris announced a net profit of 38 million pesos, which canceled the loss of 508 million pesos in the second quarter of last year.
This variation is mainly due to the recording of a foreign exchange gain of 653 million pesos for its net dollar monetary position.
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