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VLRS - Volaris: Don't Miss The Forest For The Trees
Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten Ordinary Participation Certificates
The shares of Mexican low-cost carrier Volaris have given back some of their 2021 gains in recent months.
Short-term headwinds including the company's decision not to hedge against higher oil prices, the resurgence of Covid-19, and the perceived competitive pressure have weighed on the stock.
The fears are overblown, in my opinion, and I view the current weakness as an opportunity to get this fast-growing airline at a bargain price.