Mexico City-based ultra-low-cost carrier (ULCC) Volaris reported a MXN519.9 million ($29 million) net loss for the 2017 second quarter, reversed from the airline’s MXN935 million net profit in 2Q 2016. “We continued to face challenging international market conditions, although [we are] sequentially improving,” Volaris CEO Enrique Beltranena said .
