Americas

Volaris: net income of $33 million for Q1 2024 despite GTF groundings

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Volaris: net income of $33 million for Q1 2024 despite GTF groundings

Low-cost carrier Volaris achieved net profitability for the first quarter of 2024 with a net income of $33 million, the first time the carrier has recorded a net profit in the first quarter since 2019, alongside posting an EBITDAR of $235 million (a 91% increase). Volaris’ EBITDAR margin was 30.6%...

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