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Controladora Vuela Compania de Aviacion S.A.B. de C.V. American Depositary Shares each representing ten Ordinary Participation Certificates
Most U.S. airlines' third-quarter results fell short of their initial forecasts , as an uptick in COVID-19 cases associated with the delta variant hurt air travel demand beginning in August. In recent weeks, airline executives have warned investors to expect even bigger losses in the fourth quarter, largely due to a recent surge in fuel prices.
However, conditions are a lot different south of the border. Last week, Mexican budget airline Volaris (NYSE: VLRS) reported strong third-quarter results and indicated that it continues to have massive long-term growth potential. That makes Volaris stock's 17% dip over the past month look like an excellent buying opportunity.