Grupo Aeromexico reported a net profit of MXP665m (US$34.3m) for Q3 2016 , down 9.8% YOY from MXP737m net income in Q3 2015. The results reflected the negative impact of the Mexican peso’s depreciation against the dollar, “which more than offset savings derived from lower US dollar denominated fuel prices,” the carrier said. Grupo Aeromexico’s Q3 revenue increased 16.5% YOY to MXP14.5b, while total expenses grew 14.5% YOY to MXP10.4b. The airline reported an operating profit of MXP1.5b, up 31.1% from MXP1.1b in Q3 2015; the operating margin for the quarter was 10.2%, up 1.1 points YOY and the airline’s highest Q3 operating margin in 5 years. Q3 system traffic grew 11.1% YOY to 9.4b RPKs on an 8.6% YOY rise in capacity to 11.2b ASKs, producing a load factor of 84.5%, down 1.8 point YOY. <br/>
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China Eastern Airlines reported a Q3 net profit of CNY3.5b (US$517m), up 95.5% over a net income of CNY1.8b in the year-ago quarter. Q3 operating revenue rose 5.2% to CNY29.1b while operating expenses increased 8.4% to CNY22.2b. The carrier credited robust market demand growth, lower fuel prices and the reduction of currency exchange losses as main reasons for the much-improved performance. For the first 9 months of 2016, China Eastern posted a net income of CNY6.7b, up 25.5% over a net profit of CNY5.4b in the year-ago period. Total operating revenue for the period rose 4.8% to CNY75.4b. <br/>
Kenya Airways reduced its first half pre-tax loss to KES4.73b (US$46.64m), down from KES11.856b, on increased passenger numbers and lower costs. Total revenue for the 6 months to Sept 30 was KES54.75b, down from the KES56.72b reported last year. Operating costs were down to KES53.8b from KES58.896b. The airline said its Operation Pride turnaround strategy continues to be its main focus. As part of the strategy the airline wants to close the profitability gap, refocus the business model on Africa, and achieve financial stability. One initiative of Operation Pride is a fleet reduction programme, with 7 fewer wide-body aircraft in the fleet helping reduce ownership costs by 35%. “We now operate a leaner but efficient airline,” Kenya Airways CE Mbuvi Ngunze said. <br/>