Goldman Sachs downgraded Volaris (VLRS) to Neutral from Buy with a price target of $7.60, down from $11.70, after assuming coverage of the name. The low cost carriers could face higher demand elasticity for price increases amid the current macro economic volatility, the analyst tells investors in a research note. In addition, Goldman says Volaris has the highest leverage among the Latin American airlines and should face the highest cash burn in 2026 from a higher jet fuel price environment.
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