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Aeromexico reports 2Q16 results

Jul 19, 2016

MEXICO CITY, Mexico - Grupo Aeromexico SAB de CV today reported its unaudited consolidated results for the second quarter 2016.


• Grupo Aeromexico's second quarter 2016 revenues reached $12.4 billion pesos, a 9.7% year on-year increase. During the quarter Revenue per ASK (RASK) increased by 5.6% compared to the same period of 2015.

• The quarterly financial results reflect the positive impact of reduced fuel prices and the negative impact of Mexican peso depreciation against the US dollar. CASK in pesos increased 6.6% while CASK in US dollars decreased 9.9% during the quarter, highlighting Grupo Aeromexico´s ongoing success in unit cost optimization.

• Grupo Aeromexico reported an operating profit of $385 million pesos, a 0.7% year-on-year increase, with an operating margin of 3.1%. This represents the 25th consecutive quarter of positive EBIT results.

• Second quarter EBITDAR reached $2.9 billion pesos, a 22.8% year-on-year increase. EBITDAR margin amounted to 23.5%, a 2.5 percentage point increase compared to the second quarter of 2015.

• Net income reached $28 million pesos with a 0.2% margin for the second quarter 2016.

• Grupo Aeromexico´s revenues reached $24.4 billion pesos for the first half of 2016, an 11.3% increase compared to the same period of 2015. EBITDAR reached $6.0 billion pesos, a 25.3% increase year-on-year.

• During the first half of 2016, Grupo Aeromexico reported operating profit of $1.0 billion pesos, a 14.4% increase compared to the same period 2015. Operating margin reached 4.2%, 0.1 percentage points higher than the first half of 2015.

• Second quarter 2016 cash flow generation remained strong with $3.6 billion pesos in incremental net cash flow generated from operating activities. Aeromexico's cash position as of June 30th 2016 was $7.3 billion pesos. This brings Grupo Aeromexico's cash to last-twelve-month revenue ratio to 14.9%.

• During the quarter, the Company added net two aircraft to its fleet under operating lease agreements. As at 30 June, Grupo Aeromexico's operating fleet comprised 128 aircraft.

Aeromexico reports 2Q16 results

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