Viva Aerobus: Revenue Growth of 44.8% leads to EBIT margin of 19.7%
Source: Viva Aerobus Grupo Viva Aerobus, S.A. de C.V. ("Viva Aerobus" or “Viva”), the parent company of Aeroenlaces Nacionales S.A. de C.V., announced today its 3Q 2023 financial results. Effective October 1st, 2022, Viva Aerobus changed its reporting currency from Mexican Pesos (“MX$”) to U.S. Dollar (“US$”). Please refer to the section “Change in Reporting Currency to U.S. Dollar” for further detail. Juan Carlos Zuazua, Chief Executive Officer, commented: “Our 3Q 2023 performance reflects the strength of the underlying market in Mexico and a disciplined capacity deployment, delivering our highest revenue, operating profit (EBIT), and net income in a quarter. Our revenues increased 44.8% YoY to US$571 million on robust demand, an improved fare environment, and a strong load factor [...]