Aeromexico improves operating margin by 4%

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) said it has reported an operating margin of 9.1 percent; a 4.0 percentage point improvement compared to the same period of 2014.

This represents the 22nd consecutive quarter of positive EBIT results.

Operating profit reached 1.1 billion pesos; a 96.8 percent year-on-year increase.

EBITDAR reached 3.3 billion pesos; a 52.0 percent increase compared to the prior year. EBITDAR margin amounted to 26.8 percent, a 7.2 percentage point increase compared to the third quarter of 2014.

Net income reached 737 million pesos with a 5.9 percent margin.

Grupo Aeromexico´s revenues reached 12.4 billion pesos; an 11.0 percent year-on-year increase.

Grupo Aeromexico is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights from its main hub in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 47 destinations in Mexico, 17 in the United States, 12 in Latin America, three in Europe, two in Asia and one in Canada.