Full domestic recovery drives Aeromexico’s Q1 revenue

Grupo Aeromexico, the parent company of Mexico’s legacy carrier Aeromexico says a total domestic recovery – coupled with a significant jump in international markets – has helped it almost double revenue during the first quarter. The Mexico City-based carrier’s revenue rose to Ps.12.9b ($630m) from Ps.6.6b during the same three months in 2021, the company says in its earnings report for the first three months of 2022 on 27 April. “During the quarter Aeromexico’s capacity as measured in available seat kilometres (ASKs) represented about 80% of the same period of pre-pandemic 2019, mainly driven by the full recovery of the domestic market, and the sequential recovery in international markets,” the company says. Domestic capacity rose to 99% of 2019 levels, with revenue up 71.5%. International capacity was at 72% of 2019 levels, and revenue for that segment rose almost 160%.<br/>