Aeromexico posts Q3 net loss of almost $109m
Grupo Aeromexico, which operates Mexico's largest airline, reported on Tuesday a net loss of 2.24b pesos ($108.7m) in Q3, versus a net loss of 2.88b pesos from the same period last year. Aeromexico, which has been undergoing a reorganization under Chapter 11 of the Bankruptcy Code in the United States, posted 13.23b pesos in revenue for Q3, up from 4.67b a year earlier. "Despite the complex environment, the market has shown signs of recovery," Aeromexico said in a filing with the Mexican stock exchange. The airline said its total capacity, as measured in available seat kilometers (ASKs), increased 24.8% compared to the second quarter of 2021, driven by the recovery of 35.4% in capacity assigned to the international market and 11.6% to the domestic market.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-10-20/sky/aeromexico-posts-q3-net-loss-of-almost-109m
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Aeromexico posts Q3 net loss of almost $109m
Grupo Aeromexico, which operates Mexico's largest airline, reported on Tuesday a net loss of 2.24b pesos ($108.7m) in Q3, versus a net loss of 2.88b pesos from the same period last year. Aeromexico, which has been undergoing a reorganization under Chapter 11 of the Bankruptcy Code in the United States, posted 13.23b pesos in revenue for Q3, up from 4.67b a year earlier. "Despite the complex environment, the market has shown signs of recovery," Aeromexico said in a filing with the Mexican stock exchange. The airline said its total capacity, as measured in available seat kilometers (ASKs), increased 24.8% compared to the second quarter of 2021, driven by the recovery of 35.4% in capacity assigned to the international market and 11.6% to the domestic market.<br/>
