Volaris Reports $3.142 Billion in Q4 Revenues, Shares Drop 9% After 58% Net Income Decline to $126 Million

Volaris, a Mexican low-cost airline, reported operational revenues of $3.142 billion for the fourth quarter of 2024, marking a 3.6% decline compared to the previous year. Following the release of its quarterly report, Volaris' shares dropped 9% on the Mexican Stock Exchange. The airline also reported a significant 58% decrease in net income for the quarter, resulting in a net profit of $126 million for the entire year of 2024, which was 15 times higher than the previous year. Factors contributing to this downturn include a temporary slowdown in travelers to the U.S. due to uncertainty surrounding immigration policies and the impact of rhetoric from former President Donald Trump, which has reportedly affected demand for flights between Mexico and the United States.