Deutsche Bank lowered the firm’s price target on Volaris to $11 from $12 and keeps a Buy rating on the shares. The analyst says “an uneven recovery” favors the Big 3 airlines for 2024. The wide margin gap between leaders and laggards is expected to persist in 2024, the analyst tells investors in a research note. Like 2023, the firm expects to see major carrier profits outperform the low-fare carriers.
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Read More on VLRS:
- Volaris Reports November 2023 Traffic Results: 90% Load Factor
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- Volaris Reports October 2023 Traffic Results: 2% YoY Demand Growth with an 89% Load Factor
- Volaris price target lowered to $9 from $11 at Barclays
- Volaris reports Q3 EPS (3c), consensus 22c
