Tough market conditions for Mexico's airlines continue to drag down Volaris’ financial performance

A difficult market climate is persisting in Mexico's aviation business, creating challenges for the country's airlines in gaining pricing traction - a problem that plagued carriers throughout much of 2013 and continues in 2014.

Slow economic growth in Mexico was one factor contributing to a 1Q2014 loss by ultra low-cost carrier Volaris, which also continued to face pressure in some of its markets from capacity increases by its major competitor Aeromexico.

Similar to sentiments Volaris has expressed in the past, the carrier believes there is potential for improvements in Mexico's economy. But the airline is also taking steps to mitigate Mexico's economic weakness to improve its fortunes.