Aeromexico has announced that it has made a decision to restructure its fleet based on challenges in the domestic aviation industry, the company said.
While Aeromexico has continued to deliver an operating profit, the Company has delivered a net loss so far this year. Furthermore, with fuel prices at more than 80 dollars per barrel and overcapacity in the market, the operating environment remains complicated.
Aeromexico will retire from operation three Embraer 170s and two Boeing 737-700s, and given its fleet flexibility strategy, moving forward, the Company can reduce or grow capacity rapidly.
As a result of this capacity reduction, AeromÃ©xico will make various changes to its network, including the suspension of the following routes during 2019: Mexico City to Boston, Washington Dulles & Portland; Monterrey to Las Vegas, Tijuana, Merida & Veracruz; and Guadalajara to Cancun and San Jose, California.
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, is MexicoÂ´s global airline, and operates more than 600 daily flights. Its destinations network features more than 90 cities on three continents, including 44 destinations in Mexico, 22 in the United States, 15 in Latin America, 3 in Canada, 4 in Europe, and 3 in Asia.