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Fly News Breaks for April 23, 2018
VLRS
Apr 23, 2018 | 04:46 EDT
Imperial Capital analyst Michael Derchin downgraded Volaris to In-Line and lowered his price target for the shares to $7.50 from $12. On its Q1 earnings conference call, Volaris indicated it has little visibility on Q2 earnings due to macroeconomic uncertainty, Derchin tells investors in a research note. The analyst lowered his estimates to reflect lower unit revenue and higher jet fuel prices.
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