Sign in

    Rafael Simonetti

    Research Analyst at UBS Group AG

    Rafael Simonetti is an analyst at UBS Group AG, specializing in financial analysis and investment research with a focus on Latin American markets. While specific companies under his direct coverage are not widely published, he is known for his contributions to sector research in emerging markets, leveraging quantitative skills to provide actionable insights for UBS clients. His career at UBS began following experience at other major financial institutions, where he built expertise in equity analysis and portfolio recommendations. Simonetti holds recognized professional credentials, including relevant securities licenses, and is noted for adhering to industry best practices in compliance and research standards.

    Rafael Simonetti's questions to Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) leadership

    Rafael Simonetti's questions to Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) leadership • Q4 2024

    Question

    Rafael Simonetti requested more detail on cost drivers, specifically asking about the significant year-over-year growth in salaries and the quarter-over-quarter increase in variable leases during Q4.

    Answer

    Chief Financial Officer Jaime Pous explained that the salaries and benefits line item was held relatively flat due to the favorable impact of the peso's depreciation, as salaries are paid in pesos. He also noted an impact from the legally required profit-sharing, which was booked in Q4.

    Ask Fintool Equity Research AI