Equity Analysis /
MexicoVolaris: Flash: Passenger rise continues, and fuel cost decreases sequentially
Volaris’ passenger traffic continues to grow (22.2% y/y), although with a lower load factor, dropping 84.7% (-4.8pp)
Fuel cost per gallon stood out with an increase of 80.6% y/y, while it favorably decreased 11% m/m
Although the long-run outlook is positive, higher fuel costs will keep generating stock price volatility
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
Marissa Garza Ostos
Head of Equity Research @ Banorte
5 August 2022
Published byBanorte
