Volaris Strengthens Connectivity with China through Hainan Airlines Partnership
On Tuesday, low-cost airline Volaris announced a partnership with Chinese airline Hainan Airlines to expand air connectivity between Mexico and China.
This collaboration will enable Hainan Airlines customers to purchase tickets to Mexican destinations using a single reservation code, with Tijuana International Airport or Mexico City International Airport as connection points.
The agreement is subject to regulatory approval, aiming to commence operations during the second half of 2025.
Volaris Share Price Increases Following Announcement
The news propelled Volaris’ share price by 1.32% to 9.20 pesos per share on Wednesday.
Grupo Herdez Meets Sustainability Performance Goals
Grupo Herdez, one of Mexico’s largest food companies, confirmed it met sustainability performance objectives linked to its long-term bonds.
This achievement allows the company to maintain its interest rate level, preventing a 10 basis points increase that would have occurred due to non-compliance.
The gross annual interest rate for the “Herdez 22-2L” bonds will remain at its original level until the instrument’s maturity.
Fresnillo Shares Soar in Mexican Stock Exchange
Fresnillo, a major global silver producer, closed with a 22.08% increase to 304 pesos on June 3 in the Mexican Securities Exchange (BMV).
This surge in Fresnillo’s stock price was the largest since July 20, 2020, when it gained 25.1%.
On the same day, Fresnillo’s shares experienced the highest growth (5%) among national market securities.
Chilean Paytech Flow Enters Mexican Market
Flow, a Chilean company specializing in payment solutions for businesses of various sizes, announced its entry into the Mexican market as an alternative for payment digitalization.
The paytech platform enables users to connect bank transfers, digital wallets, and QR codes, integrating biometrics and artificial intelligence for fraud prevention and traceability.
With a presence in Peru, Flow boasts at least 110,000 active customers.
Grupo Bimbo Reports Progress in Environmental Strategy
In its Annual Report 2024, Grupo Bimbo highlighted advancements in its environmental strategy towards 2030 and 2050.
The company leads sustainable mobility in Latin America with over 4,200 electric vehicles. Currently, 94% of its packaging is recyclable, with a target of 100% by 2025.
Grupo Bimbo also implements regenerative agriculture on 300,000 hectares.
Key Questions and Answers
- Q: What is the partnership between Volaris and Hainan Airlines about? A: The partnership aims to expand air connectivity between Mexico and China, allowing Hainan Airlines customers to purchase tickets to Mexican destinations using a single reservation code.
- Q: How did Grupo Herdez meet its sustainability performance goals? A: Grupo Herdez confirmed it met sustainability performance objectives linked to its long-term bonds, maintaining its interest rate level and preventing a 10 basis points increase.
- Q: Why did Fresnillo’s shares surge in the Mexican stock exchange? A: Fresnillo’s shares increased by 22.08% to 304 pesos on June 3 in the Mexican Securities Exchange (BMV), marking its largest gain since July 20, 2020.
- Q: What does Flow’s entry into the Mexican market entail? A: Flow, a Chilean paytech company, entered the Mexican market to offer digital payment solutions for businesses of various sizes.
- Q: What environmental advancements has Grupo Bimbo reported? A: Grupo Bimbo has over 4,200 electric vehicles, aims for 100% recyclable packaging by 2025, and implements regenerative agriculture on 300,000 hectares.
