Volaris (VLRS) Misses Q2 EPS by 20c

Volaris (NYSE: VLRS) reported Q2 EPS of ($0.29), $0.20 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $334 million versus the consensus estimate of $329.05 million.

Volaris´ CEO Enrique Beltranena commented: “During the second quarter, we continued to face challenging international market conditions, although sequentially improving. Volaris responded by prudently managing capacity and executing its ULCC model to continue stimulating market demand based on a resilient domestic market and a slow but sustained recovery in international travel. We remain cautiously optimistic of recently improving market conditions and thus we will continue managing capacity accordingly. Going forward, we believe that the Company’s fundamentals remain strong and our solid financial position will enable us to continue executing our long-term growth plans.”

For earnings history and earnings-related data on Volaris (VLRS) click here.

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