The titles of Volaris, which has become the largest airline in the country by passenger transportation, fell 9% to 19.32 pesos.
Company executives are scheduled to hold a call with analysts later in the day to discuss the quarterly figures.
In the first quarter, total operating income was $731 million, an increase of 29%; however losses increased 45% to $71 million.
“The boost in passengers and a more normalized base of jet fuel costs reflected significant advances in the first quarter; however, there was a slight pressure on profitability, being below expectations,” said Grupo Financiero Banorte, in a note from analysis.
“Despite a slightly more moderate start to the year compared to our expectations, the coming quarters will be of greater recovery in the face of a more beneficial cost environment, which reaffirms it as a favourite,” he added.
With information from Reuters.