Grupo Aeromexico posts US$34m Q3 net profit
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/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-28/sky/grupo-aeromexico-posts-us-34m-q3-net-profit
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Grupo Aeromexico posts US$34m Q3 net profit
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/>
