MEXICO CITY, July 20 (Reuters) – Mexican low-cost airline Volaris plans to broaden to Central and South America in coming months, Chief Govt Enrique Beltranena mentioned on Tuesday, because the provider acquires new planes and creates a subsidiary to serve the area.
Volaris VOLARA.MX, now the most important airline in Mexico by passenger transportation, plans to open a brand new enterprise unit on the finish of the third quarter in El Salvador to spice up its Central America presence.
“There may be monumental potential in Central America,” Beltranena mentioned in an interview with Reuters.
“We really feel that it’s a market that doesn’t have the proper service, is overpriced and has a middle-class inhabitants that should transfer, in addition to small and medium-sized firms that require transportation for his or her enterprise,” he added.
Volaris at the moment has routes to Guatemala Metropolis, San José and San Salvador. Beltranena mentioned within the fourth quarter Volaris intends to begin flying to Colombia, step one in its plans to discover new markets within the south of the American continent.
Volaris shares rose final week to an all-time excessive of 44.77 pesos after the airline reported it returned to revenue within the second quarter, for the primary time because the pandemic started, because of larger gross sales pushed by its technique of providing decrease costs than its conventional rivals.
On Tuesday, the airline’s shares closed up 7.98% at 45.19 pesos.
On the finish of June, Volaris had a fleet of 92 plane. Beltranena mentioned it anticipated to shut the yr with 101 plane in operation and finish 2022 with 113 models.
(Reporting by Noe Torres; Enhancing by Drazen Jorgic and Leslie Adler)
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