Aeromexico reports US$9m net profit in Q1
Grupo Aeromexico reported Q1 net income of MXP161m (US$9m), down 12.6% from a net profit of MXP185m in the year-ago period. The carrier cited the positive aspect of lower fuel costs and the negative impact of the Mexican peso depreciating against the US dollar for the results. During Q1, the peso depreciated 20.9% relative to the dollar. Q1 revenue increased 12.9% to MXP12.06b, while expenses rose 12.4% to MXP11.4b, producing an operating profit of MXP641m, up 24.4% from a MXP515m operating profit in the prior-year quarter. System traffic rose 7.8% to 7.9b RPKs on a 9.3% increase in capacity to 10.4b ASKs, producing a load factor of 76.2%, down 1 point. RASK rose 3.3% to 1.049 pesos and CASK increased 3.2% to 1.110 pesos. CASK ex-fuel was 0.907 pesos, up 11.6%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-27/sky/aeromexico-reports-us-9m-net-profit-in-q1
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Aeromexico reports US$9m net profit in Q1
Grupo Aeromexico reported Q1 net income of MXP161m (US$9m), down 12.6% from a net profit of MXP185m in the year-ago period. The carrier cited the positive aspect of lower fuel costs and the negative impact of the Mexican peso depreciating against the US dollar for the results. During Q1, the peso depreciated 20.9% relative to the dollar. Q1 revenue increased 12.9% to MXP12.06b, while expenses rose 12.4% to MXP11.4b, producing an operating profit of MXP641m, up 24.4% from a MXP515m operating profit in the prior-year quarter. System traffic rose 7.8% to 7.9b RPKs on a 9.3% increase in capacity to 10.4b ASKs, producing a load factor of 76.2%, down 1 point. RASK rose 3.3% to 1.049 pesos and CASK increased 3.2% to 1.110 pesos. CASK ex-fuel was 0.907 pesos, up 11.6%. <br/>
