Volaris Aviation Holding (VLRS) Misses Q1 EPS by 8c

Overnight, Volaris Aviation Holding (NYSE: VLRS) reported Q1 EPS of ($0.28), $0.08 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $212 million versus the consensus estimate of $220.83 million.

Volaris CEO Enrique Beltranena commented: "In the first quarter of 2014, market conditions were very difficult. While I am disappointed in the quarter's financial results, we responded well to the challenges. We managed capacity and pricing in a responsible way, reaffirmed our cost control discipline and grew non-ticket revenues. The entire team remains sharply focused on driving significant long term value growth and financial success, by firmly executing our Volaris ULCC model."

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

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