Aeromexico sees 71.8% increase in 2013 Q4 operating income

20 February 2014

Grupo Aeromexico, S.A.B. de C.V. (BMV: AEROMEX) said that for its fourth quarter of 2013, it saw a 71.8% increase in operating profit, year-on-year, for a total of MXP USD634m. Aeromexico achieved an operating margin of 5.9%; 2.2 percentage points greater than the same period last year.

Fourth quarter adjusted EBITDAR reached MXP USD2.1bn; a 26.4% increase compared to the prior year. The adjusted EBITDAR margin increased 2.8 percentage points to 19.6%.

Net income in the fourth quarter reached MXP USD385m. Aeromexico reported a MXP USD601m in net benefit in the fourth quarter 2012 due to the sale of a 20 percent stake in PLM, the subsidiary which manages the Group´s loyalty program. Eliminating this effect, fourth quarter of 2012 net income was MXP USD10m.

Grupo Aeromexico´s fourth quarter 2013 revenues reached MXP USD10.7bn; an 8.7% year-on-year increase.

The cost per available seat kilometers (CASK) excluding fuel decreased 5% year-over-year in the fourth quarter, representing the fourth consecutive quarter with a year-on-year decrease in CASK excluding fuel.

As a founding member of the SkyTeam airline alliance, Aeromexico offers customers 1,000 destinations in 178 countries served by the 19 SkyTeam airline partners rewarding passengers with benefits including access to 530 premium airport lounges around the world. Its website is at www.aeromexico.com.

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