VLRS

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS), commonly known as Volaris, is a Mexican ultra-low-cost carrier that was founded in 2005 and began operations in 2006. The company went public in 2013 and has since established itself as Mexico's largest airline by passenger volume. Headquartered in Mexico City, Volaris operates as a point-to-point carrier serving domestic Mexican routes as well as international destinations in the United States and Central America. The airline has built its business model around providing affordable air travel to underserved markets, particularly targeting the <b>Visiting Friends and Relatives (VFR)</b> segment and passengers converting from bus transportation to air travel.