Shares in Mexico's Volaris take off fueled by strong quarterly report

Controladora Vuela Compania de Aviacion SAB de CV

27/10/2026 16:16

** Shares in Mexican airline Volaris VOLARA.MX up 10.6%, on track for a best day since 2025
** Volaris, Mexico's second-largest airline by passenger traffic, reported third-quarter results that beat market expectations late Monday
** "Volaris reported solid third-quarter results," Itau BBA analysts said
** The investment bank still maintain an "underperform" rating for the airline citing pressure from higher fuel costs
** Tuesday's gains add about 1.3 billion pesos ($69.91 million) to Volaris' market capitalization, which reached around 13.2 billion pesos
** The airline is Tuesday's best performing company on the domestic stock market
     
     
($1 = 18.5962 Mexican pesos)

(Reporting by Aida Pelaez-Fernandez and Noe Torres; Editing by Iñigo Alexander)