Viva Aerobus: Disciplined Capacity Management and Profitability in a Challenging Environment
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 2Q 2024 financial results. Juan Carlos Zuazua, Chief Executive Officer, commented: “The unique challenges presented in 1Q 2024 continued into engine recall crisis. We have navigated these challenges through our resilient and flexible ULCC business model and disciplined capacity management, which have been crucial in mitigating further passenger disruptions and maintaining profitability. Additionally, we have fostered the #1 employee culture in all of Mexico, as recognized by Top Companies 2024 award1. The P&W engine inspections continue to pressure the global industry and our operations, impacting our utilization levels, operational efficiency, and unit costs. While our [...]