Aeromexico reports MXN 17.3bn in Q2 2018 revenue

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) has reported second quarter 2018 revenue reached MXN 17.3 billion pesos, a 9.0% increase compared with the same period in 2017, and a 19.1% year-on-year increase, the company said.

The quarterly financial results reflect the negative impact of increased fuel prices and the depreciation of the Mexican peso against the US dollar.

Second quarter EBITDAR reached $3.8 billion pesos. EBITDAR margin was 21.7%.

During the second quarter of 2018, Grupo Aeromexico reported an operating profit of MXN 651 million. Operating margin reached 3.8%, 0.7 p.p. higher than the same period of 2017.

Second quarter 2018 cash flow generation from operating activities remained strong at MXN 4.6 billion. Aeromexico´s cash position as of June 30, 2018 was MXN 14.9 billion, equivalent to 22.4% of trailing twelve-month revenues.

During the quarter, the Company incorporated three aircraft into its fleet under operating lease agreements. As of June 30, 2018, Grupo Aeromexico´s operating fleet comprised 133 aircraft.

Grupo Aeromexico is a publicly traded airline holding company headquartered in Mexico City that owns and operates Aeromexico and is the flag carrier airline of Mexico.