Aeromexico reports 90% decrease in June 2020 RPKs

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) has reported June 2020 total revenue passenger kilometers (RPKs) of 365,000 in June 2020, compared to 3.681m RPKs in June 2019, a decrease of 90.1%, the company said.

During June Aeromexico operated a total of 81 profitable charter cargo operations, which represented 48.0% of the capacity deployed. Scheduled passenger capacity was reduced by 86.9%.

Grupo Aeromexico transported 243 thousand passengers in June; an 86.1% year-on-year decrease and an increase of 80.7% versus May 2020. International passenger numbers decreased by 95.7% compared to June 2019, while domestic passenger numbers decreased by 79.9% versus June 2019.

Aeromexico´s June load factor was 64.0%, a 21.0 p.p. decrease versus June 2019.

Grupo Aeroméxico announced on June 30th 2020 that it has started a voluntary process of financial restructuring under Chapter 11 of the legislation of the United States of America, which will be carried out in an orderly manner while it continues operating and offering services to its customers with the same quality that characterizes it, contracting from its suppliers the goods and services required for its operation. The Company will use the advantages of Chapter 11 to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary operating adjustments to face the impact of COVID-19.

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeroméxico, Mexico´s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe.