Aeromexico posts quarterly loss, hit deeper by coroanvirus shutdowns
Aeromexico, which is undergoing a Chapter 11 restructuring process, on Tuesday posted a loss in Q4 of last year, taking yet another hit from the coronavirus pandemic’s drain on global tourism. The company reported a net loss of 9.72b pesos ($487m) in the October to December period, with passenger capacity down nearly 48% from the same quarter a year earlier. It also reported losses in the first three quarters of 2020, including a slimmer loss of $130m in the prior period. Still, Aeromexico said it transported 56% more people than in Q3, with 2.9m passengers. “The market showed signs of a modest recovery in the demand for trips,” the company said in a statement, attributing the increase in part to more flights between Mexico and the United States.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-02-17/sky/aeromexico-posts-quarterly-loss-hit-deeper-by-coroanvirus-shutdowns
https://portal.staralliance.com/cms/logo.png
Aeromexico posts quarterly loss, hit deeper by coroanvirus shutdowns
Aeromexico, which is undergoing a Chapter 11 restructuring process, on Tuesday posted a loss in Q4 of last year, taking yet another hit from the coronavirus pandemic’s drain on global tourism. The company reported a net loss of 9.72b pesos ($487m) in the October to December period, with passenger capacity down nearly 48% from the same quarter a year earlier. It also reported losses in the first three quarters of 2020, including a slimmer loss of $130m in the prior period. Still, Aeromexico said it transported 56% more people than in Q3, with 2.9m passengers. “The market showed signs of a modest recovery in the demand for trips,” the company said in a statement, attributing the increase in part to more flights between Mexico and the United States.<br/>
