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Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten Ordinary Participation Certificates
After plunging last spring as the COVID-19 pandemic rampaged out of control, airline stocks have made a big comeback over the past year. Yet many airlines are still losing money -- and virtually all of them are posting results significantly worse than they did before the pandemic. The airline stock recovery has been driven by investors' optimism about the future more than airlines' near-term results.
However, one airline has already made a full recovery from the pandemic. Last week, Volaris (NYSE: VLRS) reported record earnings for the second quarter. The Mexican budget airline expects this earnings momentum to continue into the second half of 2021, too, justifying the epic rally that helped Volaris stock reach an all-time high earlier this month.