Aeromexico reports MXN 18.2bn in Q3 2018 revenue

Grupo Aeromexico S.A.B. de C.V. (Aeromexico) (BMV: AEROMEX) has reported third quarter 2018 revenue reached MXN 18.2 billion, a 14.4% year-on-year increase, the company said.

During the quarter Revenue per ASK (RASK) increased by 7.4% compared to the same period of 2017.

The quarterly financial results reflect the negative impact of a 45.7% increase in peso denominated fuel prices and the 6.7% depreciation of the Mexican peso against the US dollar.

As a result, CASK in pesos increased by 15.0%, while CASK in dollars increased 7.8% during the quarter. CASK excluding fuel in pesos increased by 5.6% while CASK excluding fuel in dollars decreased 1.0%, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.

Third quarter EBITDAR reached MXN 3.4 billion. EBITDAR margin was 18.7%.
During the third quarter of 2018, Grupo Aeromexico reported an operating profit of MXN 235 million. Operating margin reached 1.3%. This result represents the 34th consecutive quarter of positive EBIT results.

Aeromexico reported a net loss of MXN 617 million for the third quarter 2018.
During the quarter, the Company incorporated two aircraft into its fleet under operating lease agreements. As of September 30, 2018, Grupo Aeromexico´s operating fleet comprised 130 aircraft.

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. Aeromexico, Mexico´s global airline, operates more than 600 daily flights. Its destinations network features more than 90 cities on three continents, including 44 destinations in Mexico, 21 in the United States, 15 in Latin America, 3 in Canada, 4 in Europe, and 3 in Asia.