In a statement, Volaris said it welcomed the decision and stated that it will allow it to expand and strengthen connectivity between both nations. For its part, Aeroméxico pointed out that the return to the highest rating gives the company “the possibility of reinforcing connectivity with one of the most important markets for the country, the United States” and “making more efficient use of the aircraft that are have incorporated” into their fleet.
“(The recovery of Category 1) is not only relevant for growth, but also for the excess capacity registered in the national industry since the beginning of this year to decrease and have a positive effect on ticket prices and better load factors,” said Marco Antonio Montañez, director of analysis and strategy at Vector Casa de Bolsa.
Montañez added that in the case of Volaris, they will closely follow the impact of the withdrawal of some aircraft due to problems with some of their engines. It is not fully quantified and would potentially have an adverse effect on its results guidance and for the moment it has a recommendation of buy with a target price of 32 pesos per share.
With information from Reuters