Aeromexico and Volaris remain cautiously optimistic that a domestic yield rebound will hold

Two of Mexico's largest airlines are encouraged by the country's economic uptick and what appears to be capacity discipline in the domestic market, which should further help a recovery in yields that both Aeromexico and Volaris began to see in late 2014.

Despite the challenging conditions, Mexico's domestic market remained fairly stable in 2014 reflected in roughly 8% passenger growth for the year, with the country's major airlines retaining or growing their market share year-on-year.

Although the positive momentum is a welcome sign after a challenging 1H2014, there is an air of cautiousness underlying the optimism expressed by Aeroemexico and Volaris as the yield improvement is off a low base. As a result each airline plans to direct the bulk of their 2015 capacity growth to international markets.