Out Fox The $treet

A recent IPO might provide the a great opportunity to invest in Mexico's air travel boom.  Volaris Aviation ( NYSE: VLRS     ) , a leading ultra-low-cost-carrier (ULCC) in Mexico, provides access to leading manufacturing hubs, and it could make a great play on the general overall growth in Mexico's economy and air travel. Like most of Latin America, the majority of Mexicans travel around the country on buses. While the country's highly inefficient highway network makes bus travel time-consuming, the nation's many lower-income travelers prefer buses' cheaper fares, helping the system stay in business. But now, Volaris Aviation promises the ability to match bus fares in some areas, providing consumers with a much better travel alternative. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Following a few intriguing moves in the past month,  Spirit Airlines '  ( NASDAQ: SAVE     )  cheap-ticket, high-fee model could be in for serious competition in a few years. Spirit chairman William Franke, who pioneered the airline's highly profitable approach to flying, resigned his post after his Indigo Partners group sold a substantial stake in the airline. But Franke and Indigo turned right around and bought Frontier Airlines, a subsidiary of  Republic Airways ( NASDAQ: RJET     ) The deal won't close until December, and given the time it takes to turn around an airline, Spirit and Allegiant Travel ( NASDAQ: ALGT     ) shouldn't sweat Frontier's competition for now. However, with a strong operator at its helm, other ultra-low-cost carriers could face a tougher rival in the future. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details.