A look at 1Q results in Latin America

Let’s take a look at 1Q results in Latin America. We will review the results of the top three Mexican carriers, Volaris, Viva Aerobus, Aeromexico, and Brazil’s GOL. Other airlines will publish their financial results in the next few weeks, and we will continue to address them. 

Viva Aerobus

Viva Aerobus posted a US$30 million net loss during the quarter. Total operating revenues increased 104 percent to 5.3 billion MXN during the quarter compared to 2021, reflecting higher unit revenues per passenger, load factor recovery, and capacity growth. Operating expenses were 5.7 billion MXN, driven by a higher jet fuel consumption and an increase of 84 percent in jet fuel prices.