Volaris Stock Plunges Again: Is It Time to Bail Out?

In late 2016 and early 2017, profitability deteriorated rapidly at Mexican budget airline Volaris (NYSE: VLRS)due to market disruptions caused by the U.S. presidential election. Fears about a crackdown on trade or immigration under President Trump led to a sharp drop in the Mexican peso and a downturn in travel demand.

However, Volaris seemed to be on the mend by this time last year, and its stock price rebounded to more than $15 last July.