Volaris' Profit Kept Flying Higher Last Quarter

Following two years of exceptionally weak results, Volaris (NYSE: VLRS) has bounced back in a big way in 2019. The Mexican budget airline has finally beaten back the competition in some of its core markets, leading to better unit revenue results. Meanwhile, fuel costs remain moderate and Volaris has continued to improve on its industry-leading cost structure.

These favorable trends allowed Volaris to achieve stellar earnings in the seasonally strong third quarter. The outlook for the fourth quarter and beyond is solid, too. As a result, while Volaris stock has already doubled since the beginning of the year, this dynamic airline stock still holds more upside for long-term investors.