Aeromexico reports Q4/FY 2017 results

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) has reported its unaudited consolidated results for the fourth quarter 2017 (4Q17), the company said.

Grupo Aeromexico´s fourth quarter 2017 revenue reached 16.8 billion pesos, a 12.1% year-on-year increase.

CASK in pesos decreased by 0.3%, year-on-year, despite the fuel price in pesos increasing by 16.3% year-on-year. CASK excluding fuel in pesos decreased by 4.1%, year-on-year, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.

Fourth quarter EBITDAR reached 3.8 billion pesos, a 2.0% year-on-year increase. EBITDAR margin was 22.3%.

During the fourth quarter of 2017, Grupo Aeromexico reported an operating profit of 802 million pesos, with an operating margin of 4.8%. This result represents the 31st consecutive quarter of positive EBIT results.

Aeromexico reported a net profit of 465 million pesos for the fourth quarter 2017, an 80.7% year-on-year improvement. Net margin reached 2.8%.

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 and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 90 cities on three continents, including 44 destinations in Mexico, 18 in the United States, 15 in Latin America, 4 in Canada, 4 in Europe, and 3 in Asia.