Aeromexico reported a MXP617m ($32.9m) net loss for Q3 of 2018, reversed from a MXP344m net profit in the year-ago quarter. The Mexico City-based full-service carrier cited a combination of a nearly 7% year-over-year (YOY) depreciation of its national currency and a 46% increase in Mexican peso-dominated fuel prices for the loss. The airline’s revenue for the quarter increased 14.4% YOY to MXP18.2b, as ancillary revenue generated by upgrades and seat selection options soared—as part of the carrier’s branded fare structure introduced in March—to MXP1.4b, up 27.5% compared to Q3 2017. Revenue per available seat kilometer (RASK) rose 7.4%, while yield increased 6.5%. Aeromexico’s costs per ASK in pesos increased 15% YOY while costs in dollars rose 7.8% during the quarter. <br/>
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Air France KLM shares rose Thursday, which traders attributed to a report on the website of business publication La Tribune that Air France would put forward a pay agreement proposal to unions later this week. LaTribune.fr reported the pay deal could be proposed to unions on Friday. An Air France spokeswoman declined to comment on the matter. Air France KLM shares were up 5.3%, although the stock remains down nearly 40% so far in 2018, mainly due to the impact of staff strikes over pay. Benjamin Smith took over as Air France KLM’s CE last month. Smith faces having to overcome union resistance to reduce the French unit’s swollen cost base while keeping increasingly frustrated Dutch staff on side.<br/>