Aeromexico reports MXN14.5bn in Q3 2016 revenues

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) has reported third quarter 2016 revenues of MXN14.5 billion, a 16.5 percent year-on-year increase, the company said.

Third quarter revenue per ASK (RASK) increased by 7.3 percent compared to the same period of 2015.

Grupo Aeromexico reported an operating profit of MXN1.5 billion pesos, a 31.1 percent year-on-year increase, representing the 26th consecutive quarter of positive EBIT results.

The company said third quarter EBITDAR reached MXN4.1 billion pesos, a 22.2 percent year-on-year increase. EBITDAR margin amounted to 28.1 percent, a 1.3 percentage point increase compared to the third quarter of 2015.

Net income reached MXN665 million pesos equating to a 4.6 percent margin for the third quarter of 2016.

During the third quarter of 2016, the company said it added net three aircraft to its fleet compared to the second quarter of 2016 under operating lease agreements. As at September 30, 2016, Grupo Aeromexico´s operating fleet comprised 131 aircraft.

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico. Aeromexico, Mexico´s global airline, operates more than 600 daily flights to more than 80 cities on three continents.