BUZZ-Shares in Mexico's Volaris take off fueled by strong quarterly report

** Shares in Mexican airline Volaris VOLARA.MX up 10.6%, on track for a best day since 2025

** Volaris, Mexico's second-largest airline by passenger traffic, reported third-quarter results that beat market expectations late Monday

** "Volaris reported solid third-quarter results," Itau BBA analysts said

** The investment bank still maintain an "underperform" rating for the airline citing pressure from higher fuel costs

** Tuesday's gains add about 1.3 billion pesos ($69.91 million) to Volaris' market capitalization, which reached around 13.2 billion pesos

** The airline is Tuesday's best performing company on the domestic stock market

($1 = 18.5962 Mexican pesos)

(Reporting by Aida Pelaez-Fernandez and Noe Torres; Editing by Iñigo Alexander)