REFILE-Shares in Mexican airline Volaris fall after weak 4th-qtr report

miércoles 26 de febrero de 2014 13:17 GYT
 

(Fixes typo in 3rd paragraph)

MEXICO CITY Feb 26 (Reuters) - Shares in Mexican low-cost airline Volaris fell more than 10 percent on Wednesday, the day after it published weak fourth-quarter results, before paring losses.

The airline, which debuted on Mexico's stock exchange in September, reported a net loss on Tuesday of 97.1 million pesos ($7.3 million) for the three months to end-December, with revenue falling 1.1 percent.

Volaris Chief Executive Officer Enrique Beltranena blamed slower economic growth for weak passenger demand.

Shares in the firm fell 10.7 percent, before settling down around 8 percent at 13.86 pesos at 12 p.m. EST (1700 GMT).

($1 = 13.2943 pesos) (Reporting by Veronica Gomez; Editing by Jonathan Oatis)