Q3 net income up for Aeromexico

Mexican airline operator Grupo Aeromexico SAB de CV (BMV: AEROMEX) said that its 3Q13 net income reached USD 495m pesos for a 17% increase year-on-year. Net margin for the quarter was 4.7%.

The carrier said that its 3Q13 adjusted EBITDAR reached USD 2.17bn pesos, with a 20.8% margin. The company reported operating income of USD 834m pesos with an 8.0% margin.

Grupo Aeromexico´s revenues reached USD 10.4bn pesos in 3Q13; a 0.4% increase, year-on-year.

Load factor was 80.3%, an increase from the 77.1% load factor reported in 2012. 3Q13 cost of available seat kilometers excluding fuel decreased one percent year-over-year, representing the third consecutive quarter that CASK has decreased compared to the year prior.

The firm´s 3Q13 net cash resources derived from operating activities totaled USD 735m pesos. During 3Q13, resources for USD 598m pesos were spent related to investments in fixed assets. The group´s cash balance as at September 30, 2013 was USD 2.9bn pesos.

Grupo Aeromexico added five new aircraft to its fleet in 3Q13 (one Boeing 787-8, two Boeing (NYSE: BA) 737-800, one Embraer 170 and one Embraer E175) and retired one Boeing 767-200. Grupo Aeromexico therefore maintains an operating fleet of 116 airplanes as at September 30, 2013.

Find out more at www.aeromexico.com.

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Comment

Powered by WordPress