Equity Analysis /
MexicoVolaris: Quarterly Report 2Q22: A guidance that limits accelerated recovery
In 2Q22, Volaris profitability was impacted due to higher fuel costs, overshadowing revenue growth
Long-term outlook is positive, but higher interest rates environment limits a revaluation in multiples
We adjust our PT to MXN 27.00, considering lower profitability. Stock’s volatility will continue in the short-term
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
26 July 2022
Published byBanorte
