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Grupo Aeromexico reported a 2016 net profit of MXP1.1b (US$53.8m), down 3.9% from MXP1.2b net income in 2015. The company said the year’s financial results reflected the negative impact of Mexican peso depreciation against the US dollar, combined with increased fuel prices. Grupo Aeromexico’s full-year revenue increased 14.9% to MXP53.9b, while expenses grew 14.7% to MXP50.4b. The group’s operating profit for the year totaled MXP3.6b, up 17.8% from MXP3b in 2015; the operating margin for the year was 6.6%, up 0.1 point from 2015. Full-year system traffic was up 8.3% YOY to 34.8b RPKs on a 7.4% rise in capacity to 43.4b ASKs, producing a load factor of 80.3%, up 0.6 point from 2015. 2016 RASK increased 7% to 1.244 pesos, matching a 7% rise in CASK for the year, to 1.173 pesos. <br/>

Korean Air has taken delivery of its first Boeing 787-9, making it the first airline in the country to operate the type. The carrier plans to introduce 5 787-9s into its fleet this year with another 5 to join the fleet by 2019. The airline is scheduled to launch domestic flights to Jeju from Seoul (Gimpo) for a month as part of the required certification period, before launching long-haul international routes to Toronto, Madrid, and Zurich later this year, according to Boeing. Korean Air president Walter Cho called the 787 a “key member of Korean Air’s fleet as we continue to introduce next-generation airplanes to our customers.” He added, “The aircraft is fuel efficient, quiet, has lower operating costs and is spacious and very elegant. The cabin features are impressive and will ensure maximum comfort for Korean Air's passengers.” <br/>