AeroMexico launches its new AeroMexico Contigo product
AeroMexico (Mexico City) has announced the launch of its new Aeromexico Contigo (Aeromexico with You) product which will offer a host of benefits to passengers traveling frequently between Mexico and the United States.
The use of the Boeing 737-800 airliner for the Aeromexico Contigo program optimizes operating costs, which then translates into lower pricing. Other benefits include increased legroom, personalized attention by Aeromexico Call Center agents and at participating airport check-in counters.
Destinations to feature the Aeromexico Contigo product include:
| Domestic Destinations | |
| Guadalajara – Tijuana | 28 weekly flights |
| Culiacan – Tijuana | 14 weekly flights |
| Mexico-US Destinations | |
| Guadalajara – Chicago | 4 weekly flights |
| Guadalajara – Ontario | 6 weekly flights |
| Guadalajara – Los Angeles | 14 weekly flights |
| Guadalajara – Fresno | 3 weekly flights |
| Guadalajara – Sacramento | 3 weekly flights |
It is important to note that the benefits offered through Aeromexico Contigo are in addition to Aeromexico’s existing baggage policy for travel between Mexico to the US, which includes free check in of passengers’ first bag weighing 55 lbs (25 Kg) and one carry-on bag weighing 22 lbs (10 Kg) and for passengers’ traveling from the US a first bag weighing 50 lbs (23 Kg) and one carry-on bag of 22 lbs (10 Kg).
Aeromexico Contigo will begin operation in October 2013.
Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 737-852 WL EI-DRB (msn 35115) completes its final approach into Miami International Airport.
AeroMexico: 
AeroMexico to receive its first Boeing 787-8 in August, in service on October 1
AeroMexico (Mexico City) has announced that it will take delivery of its first Boeing 787-8 Dreamliner in the first half of August of this year. This will make AeroMexico the first Mexican carrier to operate the airline industry’s most current and equipped aircraft to serve all of the airline’s customers.
The carrier will start to serve its commercial operations with the Boeing 787-8 Dreamliner in October this year. The aircraft is scheduled to first serve the Mexico City-Monterrey and Mexico City-Tijuana routes on October 1, followed by the Mexico City-New York City (JFK) route between October 2 and October 13.
On October 14, AeroMexico will fly its inaugural flight between Mexico City and Tokyo (Narita), Japan, after which it will serve that same route with the new aircraft three times a week.
AeroMexico will take delivery of its second and third Dreamliners in September will allow it to start serving the Mexico City-Paris (CDG) route with daily service with this new jet airliner, plus weekly flights to New York.
Image: Boeing.
AeroMexico:
AeroMexico avoids a strike today by its flight attendants
AeroMexico (Mexico City) today (June 1) avoided a strike by its flight attendants. According to Reuters, the ASSA union, which represents approximately 1,300 light attendants, had threatened a strike at midnight if it did not get a 5 percent salary increase.
The airline offered a 4.7 percent increase and the union agreed to the proposal averting a strike.
Read the full report: CLICK HERE
In other news, the airline is planning to introduce its first Boeing 787 on October 1, 2013 from Mexico City to Moterrey according to Airline Route.
Copyright Photo: Marcelo F. De Biasi/AirlinersGalley.com. Boeing 777-2Q8 ER N774AM (msn 28689) climbs away from Sao Paulo (Guarulhos) bound for the Mexico City hub.
AeroMexico:
Video: AeroMexico commercial:
AeroMexico to start Las Vegas-Puerto Penasco-Hermosillo flights on June 20
AeroMexico (Mexico City) has announced its new route from Las Vegas to Puerto Penasco and Hermosillo, Mexico. The new route will start on June 20.
AeroMexico Connect will operate two weekly flights to these Mexican touristic destinations with 50-seat Embraer ERJ 145 aircraft with the following schedule:
Las Vegas – Puerto Penasco*
| Flight Number | Departure | Arrival | Frequencies |
| AM 2675 | 03:28 pm | 05:34 pm | Thursday & Sunday |
Puerto Penasco – Hermosillo*
| Flight Number | Departure | Arrival | Frequencies |
| AM 2675 | 06:09 pm | 07:05 pm | Thursday & Sunday |
Hermosillo – Puerto Penasco*
| Flight Number | Departure | Arrival | Frequencies |
| AM 2674 | 10:47 am | 11:49 am | Thursday & Sunday |
Puerto Penasco – Las Vegas*
| Flight Number | Departure | Arrival | Frequencies |
| AM 2674 | 12:34 pm | 02:28 pm | Thursday & Sunday |
*Schedules are in local time of each country and subject to change without notice.
Puerto Penasco is the newest tourist destination in the country’s Northwest that offers visitors an impressive hotel infrastructure of the condo-hotel type and which has begun the construction of a “Home Port” to open the Sea of Cortez to cruise liners, in addition to beautiful beaches for relaxing and admiring the lovely sunsets, two golf courses, as well as many water sports options such as: sailing, sport fishing and jet skiing. Complementing this attractive destination’s offerings is the impressive Pinacate Biosphere Reserve and its more than 400 craters surrounded by the Grand Altar Desert.
Hermosillo, capital of the state of Sonora, has positioned itself as one of the most attractive cities in the country because of the astonishing variety of activities that can be enjoyed here - snorkeling, hiking, bird watching, mountain cycling, in addition to hunting tourism – and its economic, political and social important development. The city is located three hours from the border, 100 kilometers from the Sea of Cortez, and with fast access to all other regions of the entity and other states.
With this new route, AeroMexico adds to its network the 47th destination in Mexico.
Copyright Photo: James Helbock/AirlinersGallery.com. AeroMexico Connect’s Embraer ERJ 145LR (EMB-145LR) XA-CLI (msn 14500803) in the SkyTeam livery arrives at Los Angeles International Airport.
AeroMexico:
AeroMexico Connect:
Video: AeroMexico Connect ERJ 145 Video:
Grupo Aeromexico reports a $9.9 million net operating loss in the first quarter
Grupo Aeromexico, S.A.B. de C.V. (AeroMexico) (Mexico City) reported its unaudited consolidated results for the first quarter 2013.
- Grupo Aeromexico reported record revenues of $9.174 billion pesos in the first quarter 2013; a 0.4% year-on-year increase, despite the fact that the quarter was one day shorter than that of the previous year.[1]
- The cost of available seat kilometers (CASK) excluding fuel decreased 3.0% year-on-year in the first quarter 2013 due to the Company’s successful cost containment strategies. When expressed in U.S. dollars, CASK, excluding fuel, decreased 0.4% despite first quarter Mexican peso/ U.S. dollar depreciation.
- First quarter EBITDAR reached $1.259 billion pesos, with a 13.7% margin. Operating income was $189 million pesos, with a 2.1% margin.
- Grupo Aeromexico reported a net operating loss of $122 million pesos ($9.9 million US) in the first quarter 2013. Market value adjustments for the Company’s fuel hedging position resulted in a $59 million peso negative impact on net income.
- Grupo Aeromexico generated $215 million in operating cash before tax during the first quarter 2013. Capital expenditures reached $519 million pesos, including items such as advance payments for aircraft purchases, security deposits and repayment of debt not associated with aircraft purchases. Grupo Aeromexico’s cash balance as at March 31, 2013 was $2.243 billion pesos.
- During the first quarter, Grupo Aeromexico retired two aircraft from its fleet: one Embraer ERJ-145 and one Boeing 737-700, both under lease agreements. The Company also added a Boeing 737-800 jet airliner to its fleet under an operating lease scheme.
Copyright Photo: Gilbert Hechema/AirlinersGallery.com. Boeing 737-752 WL EI-DRE (msn 35787) in the now gone Captain America special livery departs from Montreal (Trudeau).
AeroMexico:
AeroMexico introduces AM Plus Class on its 40 Boeing 737s
AeroMexico (Mexico City) has announced that its AM Plus Class will provide new benefits and enhanced seat comfort in its more than 40 Boeing 737 aircraft.
This new service features an extra 4″ (10 cm) of legroom in the first three rows in the Economy Class cabin, with an additional seatback tilt and leather headrests. Another advantage for passengers traveling in this new class includes priority boarding and deplaning, Premier airport check-in counters and baggage identification tags.
Some of the domestic destinations featuring this new product include Cancun, Tijuana, Monterrey, Guadalajara, Merida, among others; and Miami, Los Angeles, New York, Chicago, San Francisco, Washington, Montreal, Lima, Bogota, Caracas and Costa Rica internationally.
In other news, AM is adding new service to Loreto, Mexico. The new route will be served from Mexico City and will stop in Culiacan, then Loreto and continue on to its final destination in Los Angeles, California, enabling Loreto customers to connect to other destinations in the United States.
Copyright Photo: Gilbert Hechema. Boeing 737-752 WL EI-DRE (msn 35787) in the special Tarjeta Aeromexico Banamex-VISA markings climbs away from the runway at Montreal (Trudeau).
AeroMexico:
AeroMexico to start Los Angeles-La Paz, Baja service starting on June 20
AeroMexico (Mexico City) has announced a new service between Los Angeles and La Paz, Baja California Sur, Mexico, with two weekly frequencies starting on June 20.
The flight schedule will be as follows:
Los Angeles – La Paz
| Flight Number | Departure | Arrival | Frequency |
| AM 2167 | 02:20 pm | 05:44 pm | Thursday & Sunday |
La Paz – Los Angeles
| Flight Number | Departure | Arrival | Frequency |
| AM 2166 | 11:51 am | 01:20 pm | Thursday & Sunday |
La Paz is the capital of Baja California Sur.
Copyright Photo: Ton Jochems. Boeing 737-752 WL XA-GMV (msn 35118) with the clubpremier.com markings arrives at Los Angeles International Airport.
AeroMexico:
AeroMexico announces new international flights
AeroMexico (Mexico City) has announced new increased frequencies and international services.
As of June and August, AeroMexico will offer a second flight on the Mexico City-Bogota, Colombia route in response to strong demand in both Latin American capitals, plus two additional frequencies between Mexico City and Sao Paulo, Brazil for a total of nine weekly flights on the route, along with three new frequencies on the Mexico City-Madrid route for a total of ten flights per week.
The airline also announced new seasonal service from Cancun and Huatulco to Los Angeles,California starting in June, to leverage summer travel in both destinations.
AeroMexico and its partner Apple Vacations will offer three weekly flights on the Cancun-Los Angeles route, along with the Huatulco-Los Angeles service they will offer on Fridays.
Both routes will be served with Boeing 737-800 jet airliners with 160 seats, so passengers in both Mexican destinations can travel to Los Angeles and beyond to other cities in the United States, thanks to the AeroMexico and Alaska Airlines codeshare agreement.
The airline will also start to serve the Puerto Penasco-Las Vegas route in June.
During 2013, AeroMexico is also working on consolidating its extensive network of domestic and international routes by continuously strengthening connectivity from different regions in Mexico with the 45 destinations it serves in this country, 19 in the United States, 11 in Latin America, three in Europe, two in Asia and one in Canada.
Copyright Photo: Eddie Maloney. Boeing 737-852 EI-DRB (msn 35115) lands at Las Vegas.
AeroMexico:
AeroMexico to operate summer service from Los Angeles to Cancun
AeroMexico (Mexico City) will operate three-times-a-week Los Angeles-Cancun Boeing 737-800 service from June 1 through September according to Airline Route.
Copyright Photo: Boeing 737-8Q8 WL N859AM (msn 32796) taxies to the gate at Los Angeles International Airport.
AeroMexico: 
AeroMexico posts a net profit of $103.6 million for 2012
Grupo Aeromexico S.A.B. De C.V. (AeroMexico) (Mexico City), the largest intercontinental airline in Mexico, reported consolidated unaudited results for the fourth quarter and full year 2012.
- Net income during the fourth quarter 2012 was MXP $612 million ($47.9 million); an increase as compared to the MXP $294 million ($23 million) net income reported for the same period in 2011. Full year net income was MXP $1,323 million ($103.6 million) despite record-high fuel prices and the negative impact of a 5.8% exchange rate depreciation.
- Fourth quarter operating profit before other non-operating revenues and expenses was MXP $356 million, with a 3.6% margin. 2012 operating profit before other non-operating revenues and expenses was MXP $2,529 million, with a 6.4% margin. Operating margin was 6.5%, excluding the effect of Aeromexico Cargo consolidation.
- 2012 EBITDAR was MXP $6,811 million, the second highest annual EBITDAR in the Company’s history, despite negative impacts related to the fuel price increase and the aforementioned exchange rate depreciation. EBITDAR margin was 17.2%; after adjusting for the cargo consolidation effect, this margin was 17.6%.
- Grupo Aeromexico reported record revenues of MXP $39,569 million in 2012; 10.5% growth year-over-year. This growth was driven primarily by increased yields, higher passenger flows and an increase in cargo revenues. Fourth quarter revenues reached MXP $9,897 million; a 1.7% increase year on year.
- Cost per available seat kilometer (CASK) excluding fuel and adjusting for the accounting effect of consolidating Aeromexico Cargo (AM Cargo), increased 5.4% in 2012 compared to last year. This is primarily due to the exchange rate depreciation. This indicator, expressed in U.S. dollars, decreased 1.7%. CASK in pesos, excluding fuel and the cargo business consolidation, grew 3.7% in the fourth quarter as compared to the same period last year.
- During the year, Grupo Aeromexico executed the most ambitious investment program in the Company’s history, making payments of MXP $4,261 million in fixed assets investments, aircraft purchase prepayments, guarantee deposits and the amortization of debt not related to the purchase of aircraft. The Company’s cash position as of December 31, 2012 was MXP $3,452 million.
- Grupo Aeromexico took delivery of eight new Embraer-190 in 2012. Six of these were delivered as part of the aircraft acquisition program through the BNDES credit line and two were delivered through operating leases. The Company also took delivery of three Boeing 737-800 through US Ex-Im Bank financing. Three Embraer 170 aircraft also were added to the fleet through operating leases. Additionally, two Boeing 737-800, one Boeing 767-200 and one Embraer ERJ 145 aircraft were re-delivered.
Copyright Photo: Wingnut. Boeing 767-284 ER XA-JBC (msn 24762) in the SkyTeam motif prepares to taxi to the runway at London (Heathrow).
AeroMexico: 
AeroMexico finalizes its order for six additional Boeing 787-9 Dreamliners
Boeing (Chicago) and AeroMexico (Mexico City) today announced AM has finalized an order for six 787-9 Dreamliners, with reconfirmation rights for four additional Dreamliners. The order by Mexico’s largest airline, which was first announced as a commitment in July, is valued at more than $1.46 billion at published list prices.
The acquisition of these Boeing 787-9 Dreamliners, is part of the 100 aircraft announced earlier this year.
Grupo Aeromexico will have a total of 19 Boeing 787 Dreamliners in its fleet, whose first delivery is expected to be in the summer of 2013.
Made primarily from composite materials, the Boeing 787 Dreamliner is the first mid-size airplane capable of flying long-range routes and will allow Aeromexico to replace older aircraft on its European, Asian and South American routes. As a result of innovative technologies, the airplane offers unparalleled operating economics, fuel efficiency and passenger comfort. More than 800 787s are on order by 58 customers, a testament to the airplane’s unique capabilities.
Image: Boeing.
AeroMexico: 
Vacation Express announces its 2013 charter schedule
Vacation Express (Atlanta) has announced its 2013 charter schedule. The public charter company will promote the following charters:
Atlanta-Cancun February 17 through August 4
Cincinnati-Cancun until October 20
Cincinnati-Puna Cana February 16 until October 19
Nashville-Cancun February 17 until August 20
New Orleans-Cancun May 26 until August 4
Flights will operate with Sunwing Airlines Boeing 737-800 or AeroMexico Boeing 737-700 aircraft.
Vacation Express is part of the Sunwing Travel Group Inc. (Toronto) hence the use of Sunwing Airlines aircraft.
AeroMexico finalizes its order for 60 Boeing 737 MAX 8s and MAX 9s
AeroMexico (Mexico City) has finalized an order for 60 737 MAX 8s and 9s, with reconfirmation rights for 30 additional 737 MAXs. The firm order by Mexico’s largest airline, which was first announced as a commitment in July, is valued at more than $6 billion at published list prices.
This firm order brings the total 737 MAX firm orders to 938 airplanes.
The 737 MAX is a new-engine variant of the world’s best-selling airplane and builds on the strengths of today’s Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see a 13 percent fuel-use improvement over today’s most fuel-efficient single-aisle airplanes and an 8 percent operating cost per seat advantage over tomorrow’s competition.
The 737 MAX also features the new Boeing Sky Interior. The sleek interior boasts modern lines, a spacious cabin with more headroom and LED lighting that offers vibrant color options.
Copyright Photo: James Helbock. Boeing 737-852 EI-DRA in the new Teleton 2012 special livery arrives at Los Angeles International Airport.
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AeroMexico to launch nonstop Mexico City-London (Heathrow) flights on December 14
AeroMexico (Mexico City) is planning to launch nonstop Mexico City-London (Heathrow) service starting on December 14. The route will be operated three days a week.
Read the full story from lainformacion.com (in Spanish): CLICK HERE
Copyright Photo: Ariel Shocron. Boeing 777-2Q8 ER N776AM (msn 28692) climbs away from Madrid (Barajas).
AeroMexico: 
Delta and AeroMexico to jointly build a heavy maintenance facility in Guadalajara
Delta Air Lines Inc. (Atlanta) and AeroMexico (Mexico City) plan to begin construction of a jointly operated aircraft maintenance, repair and overhaul (MRO) center at the Intercontinental Airport in Queretaro, next to that State’s Aerospace Park.
As part of a Memorandum of Understanding (MOU) and continuation of their commercial alliance, the carriers will invest equal amounts in a project to move work currently being done at the Guadalajara International Airport and expand MRO capabilities for their own aircraft and other carriers. The new facility’s heavy maintenance capacity will allow for up to seven aircraft to be serviced simultaneously.
According to both carriers, “this project represents one of the most important investments in aviation infrastructure in Mexico in history and proves that the joint efforts between the private and public sectors benefit the country’s economic growth.”
Delta Air Lines acquired a 4.17 percent stake in Grupo Aeromexico in June of this year.
It is unclear if any heavy maintenance will be moved from Atlanta to Guadalajara.
Top Copyright Photo: Michael B. Ing. Boeing 767-332 N139DL (msn 25984) with a United Way logo approaches for landing at Los Angeles International Airport.
Delta: 
AeroMexico: 
AeroMexico to resume Mexico City-Dallas/Fort Worth service on November 5
AeroMexico (Mexico CIty) will resume Mexico City-Dallas/Fort Worth service on November 5 according to Airline Route. The route will be operated with AeroMexico Connect Embraer ERJ 190s.
AeroMexico also added its first Embraer ERJ 170 for AeroMexico Connect. Eventually the newer ERJ 170s will replace the older ERJ 145 regional jets operated by AeroMexico Connect. Former Republic Airlines ERJ 170-100SU N806MD (msn 17000019) was delivered on June 15, 2012 as XA-ACP. It was followed by XA-ACQ (msn 17000042, ex N821MD) on July 9, 2012. The new type entered revenue service on July 7, 2012 from Mexico City to Acapulco, Campeche, Oaxaca and Veracruz.
Copyright Photo: Brian McDonough. Embraer ERJ 190-100LR XA-EAC (msn 19000145) completes its final approach into Miami International Airport.
AeroMexico Connect: 
AeroMexico signs LOI with Boeing for 90 737-8 MAX aircraft and 10 787-9 Dreamliners
Grupo Aeromexico, S.A.B. de C.V. (AeroMexico) (Mexico City) announced today it has signed a letter of intent (LOI) with the Boeing to purchase up to 100 next generation aircraft worth close to $11 billion U.S. dollars. This intention to buy represents the largest investment by a national company in the aviation industry in Mexico.
The order includes 90 narrow body 737-8 MAX jet airliners with CFM International LEAP-1B engines, and ten wide body Boeing 787-9 Dreamliners, with General Electric GEnx-1B™ engines. This major order will make Grupo Aeromexico the first Latin American carrier to operate this type of aircraft.
The addition of these new aircraft is part of the carrier’s ongoing fleet renewal program as it intends to maintain one of the youngest fleets in the industry worldwide. The modern comforts featured by this next generation of jet airliners will offer customers a more pleasant travel experience.
It is important to note that this order for 100 aircraft is in addition to the package of 20 new and wholly owned acquisitions the carrier announced in 2011 including ten Embraer 190 airplanes and ten Boeing 737-8 NG jet airliners, plus the nine Boeing 787-9 Dreamliners whose first delivery is scheduled for Summer 2013. Delivery of the Boeing 737-8 MAX will begin in 2018.
In other news, AeroMexico has added its first Embraer ERJ 170 for AeroMexico Connect. Eventually the newer ERJ 170s will replace the older ERJ 145 regional jets. Former Republic Airlines ERJ 170-100SU N806MD (msn 17000019) was delivered on June 15, 2012 as XA-ACP. It was followed by XA-ACQ (msn 17000042, ex N821MD) on July 9, 2012. The new type entered revenue service on July 7, 2012 from Mexico City to Acapulco, Campeche, Oaxaca and Veracruz.
Copyright Photo: Brian McDonough. AM already operates a large 737NG fleet. Boeing 737-852 EI-DRC (msn 35116) completes its final approach into Miami International Airport.
AeroMexico: 
AeroMexico promotes its Club Premier program
AeroMexico (Mexico City) has changed the promotional theme on this Boeing 737-752 XA-AGM (msn 35786) from the Aeromexico Banamex credit card to the pictured clubpremier.com sub-titles. AeroMexico is promoting its new Club Premier program. The Club Premier is a loyalty program designed to reward frequent flyers. Titanium is a highest level which is also recognized as a SkyTeam Elite Plus member.
For the Titanium level, passengers must travel at least 100,000 miles with Aeromexico Premier for a year. Benefits include preferential seating, ticket office services, Premier rooms, call centers, documentation counters and a priority waiting list.
Copyright Photo: Mark Durbin.
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AeroMexico: 
Delta purchases a 4.17% share of AeroMexico
Grupo Aeromexico (Mexico City) yesterday (June 4) received from Delta Air Lines Inc. (Atlanta) $65,000,000 as an investment in AeroMexico‘s (Mexico City) capital stock.
The Mexican Federal Competition Commission (CFC) authorized the operation that allows Delta Air Lines to underwrite and purchase 30,182,855 shares of stock equivalent to 4.17% of Grupo Aeromexico’s capital stock, paying the $31 Mexican pesos per share Grupo Aeromexico offered in its IPO. This stock purchase also gives Delta a seat on the Grupo Aeromexico Board of Directors.
This is the first time a global carrier has purchased an equity share in a national Mexican airline. Both companies will share best practices in sales, operations, equipment maintenance and staff training, enabling them to offer customers the same travel experience on any of their flights.
This financial transaction is part of the global contract the carriers signed last year to create a unique alliance in Latin America. This is a long-term agreement that will benefit passengers through the expansion of our codeshare flights.
The carriers collectively offer 93 codeshare destinations that represent 733 daily flights in eight countries. They have also been working on improving and increasing flight schedules to respond to customers’ needs in destinations such as New York, Los Angeles, Houston, Chicago and Miami, new daily service to Washington, DC from Mexico City and new flights to Atlanta coming soon. Customers at both airlines enjoy streamlined purchasing processes that allow them to book their travel through to their final destinations.
Consolidation of this alliance also includes the companies’ joint investment in their Maintenance, Repair and Operation (MRO) business at new facilities the carriers plan to open in Mexico in 2013. Grupo Aeromexico and Delta Air Lines will invest equal amounts to expand their aircraft repair business, which will also create new jobs.
Copyright Photo: Brian McDonough.
AeroMexico: 
AeroMexico promotes the new Avenger movie with a new logojet
AeroMexico (Mexico City) has introduced a new logojet to promote the new movie The Avengers.
The movie is a new 2012 American film produced by Marvel Studios. The film is distributed by Walt Disney Pictures. The Avengers is based on the Marvel comics superhero team.
Copyright Photo: Rurik Enriquez. Boeing 737-752 EI-DRE (msn 35787) is pictured in action at Cancun with the new promotional logo.
AeroMexico Slide Show: CLICK HERE
AeroMexico reports its second best first quarter despite a 24% increase in fuel prices.
AeroMexico (Grupo Aeromexico) (Mexico City) reported its second best first quarter despite a 24% increase in fuel prices. The company reported a net profit of $10.4 million.
The company issued the following statement:
“Grupo Aeromexico, S.A.B. de C.V., the largest intercontinental airline in Mexico, today reported consolidated unaudited results for the first quarter 2012.
Grupo Aeromexico reported its second best first quarter despite a 24% increase in fuel prices.
Revenues reached a record high of MXP $9,228 million with 17% year over year growth, driven by strong passenger traffic and an increasing load factor.
EBITDAR reached MXP $1,484 million pesos with a margin of 16.1%, the second highest level in the Company’s history despite a significant fuel price increase.
Quarterly operating profit was MXP $452 million with an operating margin of 4.9%; the second best result for a March quarter in the Company’s history. Net income for the first quarter was MXP $135 million, with a net margin of 1.5%.
As part of its expansion plan, the Company increased its fleet by two Embraer 190 aircraft with benefit of its BNDES credit line and also returned one Embraer 145.
Grupo Aeromexico’s cash position was MXP $3,609 million at the end of March 2012; MXP $2,285 million greater than that of March 31, 2011. During the quarter, the Company made payments of approximately USD $50 million, related to its airplane acquisition program, the expansion of the overnight platform in Mexico City, and made payments in excess of USD $10 million for the amortization of financial debt not related to aircraft acquisition. Net financial debt, which deducts the unrestricted cash position from financial debt, ended in a negative balance of MXP $42 million. Stockholders’ equity was MXP $5,412 million as of March 31, 2012.
The Company adopted the International Financial Reporting Standards (IFRS) on January 1, 2012 and made accounting changes related to its cargo business unit.
Copyright Photo: Marcelo F. De Biasi.
AeroMexico Slide Show: CLICK HERE
AeroMexico to lease two additional Boeing 787 Dreamliners from ILFC
AeroMexico (Mexico City) will lease two additional new Boeing 787-8 Dreamliners bringing the total leased from ILFC to five 787s.
The addition of these two leased Boeing 787 aircraft to current on-order 787 fleet of five aircraft, two which were ordered directly from Boeing and three previously leased from ILFC, brings the total 787 fleet on-order to seven aircraft.
The new 787s will be deployed on AM’s long-haul routes, ultimately replacing 767 aircraft.
Bottom Copyright Photo: Ton Jochems. Ultimately all of the Boeing 767-200s and 767-300s will be replaced.
AeroMexico Slide Show: CLICK HERE
AeroMexico to start Mexico City-San Salvador service on April 16
AeroMexico (Mexico City) will launch daily Boeing 737-700 service between its Mexico City hub and San Salvador, El Salvador starting on April 16 per Airline Route.
Copyright Photo: James Helbock.
AeroMexico Slide Show: CLICK HERE
AeroMexico produces a $162.6 million net profit in 2011
AeroMexico (Mexico City) had a good year in 2011. The Mexican carrier produced a net profit of $162.6 million (US).
Here is the full financial report by the company:
Grupo Aeromexico, S.A.B. DE C.V. (Mexico City) (Grupo Aeromexico or the Company), the largest intercontinental airline in Mexico, today reported consolidated unaudited results for the fourth quarter and full year of 2011. The following is a summary of consolidated financial and operating information from Grupo Aeromexico’s unaudited financial statements for the quarter and the full year ended December 31, 2011 and audited financial statements for the quarter and year ended December 31, 2010.
- Grupo Aeromexico reported a net income of MXP $2,081 million for the full year 2011. After excluding special items, net income reached a total of MXP $ 1,873 million, surpassing full year net income adjusted for special items of MXP $ 565 million in 2010.
- In 2011, Grupo Aeromexico achieved a record operating profit of MXP $3,429 million, which represents 27% growth year-over-year. The Company maintained an operating margin of 9.6%; the same level as that of 2010, despite the increase in fuel prices, and the global economic slowdown and financial volatility of 2011.
- These positive results were due to strong growth in passenger numbers, which then increased Grupo Aeromexico’s load factor, yield and overall market share to record-high levels.
- Net income for the fourth quarter 2011 was MXP $208 million, which was lower than net income for the fourth quarter of 2010. However, a non-recurring revenue of MXP $1,289 million was recorded in the last quarter of 2010 related to deferred taxes. Excluding the aforementioned, net income for the fourth quarter 2011 was above of the recurrent net income of MXP $ 11 million of the fourth quarter 2010, despite the 40% increase in fuel cost.
- Quarterly EBITDAR was MXP $1,847 million; 21% below that of the fourth quarter 2010. Operating profit for the fourth quarter 2011 was MXP $810 million, 44% less than the fourth quarter of the previous year. These results reflect the pressure of increased fuel costs in 2011 and the exceptional traffic of the fourth quarter of 2010 due to the consolidation of the Mexican aviation industry.
- Load factor for 2011 was 78.4%; the highest yearly level in the Company’s history. The quarterly load factor was 78.1%, 2.4 percent points below the fourth quarter of 2010.
- Total revenues for 2011 were MXP $35,808 million; up 28% year on year. During the quarter, total revenues increased 12% to a total of MXP $9,651 million. These results were largely due to an increase in passenger traffic and improved cargo revenues.
- Unit cost, or CASK (Cost per Available Seat Kilometer), excluding fuel costs, decreased by 3% in 2011, due to the Company’s commitment to a policy of expense rationalization and improved operating efficiency. Year over year, the Company maintained the same CASK excluding fuel levels during the fourth quarter, despite exchange rate depreciation in the fourth quarter 2011.
- The Company received four Embraer 190, six Boeing 737 and one Boeing 767 aircraft throughout the year, as part of its expansion plan.
- At the end of 2011, Grupo Aeromexico’s cash position was MXP $4,100 million; 209% higher than the net balance as of December 31, 2010. Therefore, net financial debt, which deducts the unrestricted cash position from financial debt, ended with a negative balance of MXP $ 921 million, decreasing from the positive balance of MXP $911 at the end of 2010.
Copyright Photo: James Helbock.
AeroMexico Slide Show: CLICK HERE
AeroMexico is coming to Atlanta on July 1 from Mexico City
AeroMexico (Mexico City) will add Atlanta and the Mexico City-Atlanta route on July 1, linking it with partner Delta Air Lines. The new route will be operated with Boeing 737-700s per Airline Route.
Copyright Photo: Gilbert Hechema.
Buy this Photo: CLICK HERE
AeroMexico Slide Show: CLICK HERE
Delta and AeroMexico expand their commercial relationship, Delta will invest $65 million in AeroMexico
AeroMexico Boeing 737-852 WL EI-DRC (msn 35116) MIA (Brian McDonough), originally uploaded by Airliners Gallery.
Delta Air Lines (Atlanta) and Grupo AeroMexico (Mexico City) announced a tentative agreement for a long-term, exclusive commercial alliance. Under the agreement, Delta and AeroMexico will expand cooperation to leverage each other’s strengths and link Delta’s expansive network with Mexico’s largest passenger network. As part of the agreement, Delta also will invest $65 million in AeroMexico.
Under terms of the Memorandum of Understanding (MOU), Delta will invest $65 million in exchange for ordinary shares in Grupo AeroMexico, made up of treasury stock set aside as part of AeroMexico’s primary public offering April, 14, 2011. Delta also will gain a seat on the Aeromexico board of directors. The transaction is subject to approval from certain Mexican regulators.
AeroMexico Slide Show: CLICK HERE
Copyright Photo: Brian McDonough. Please click on the photo for the aircraft information.
AeroMexico operates a biofuel flight between Mexico City and Madrid
AeroMexico Boeing 777-2Q8 ER N776AM (msn 28692) MAD (Ariel Shocron), originally uploaded by Airliners Gallery.
AeroMexico (Mexico City) yesterday (August 1) operated a biofuel flight between Mexico City and Madrid.
AeroMexico Slide Show: CLICK HERE
Copyright Photo: Ariel Shocron. Please click on the photo for additional information.
AeroMexico to add new routes, increase capacity
AeroMexico Boeing 737-752 WL XA-GMV (msn 5118) (Tarjeta Aeromexico Banamex) LAS (Eddie Maloney), originally uploaded by Airliners Gallery.
AeroMexico (Mexico City) as of April 4, 2011 will begin operating daily flights between Guadalajara and Fresno, California and between Monterrey and Mexicali on a Boeing 737. There will also be daily flights between Guadalajara and Hermosillo, on an Embraer ERJ 145, and an overnight flight from Culiacan to Mexicali on an Embraer ERJ 190 operated by AeroMexico Connect.
Also beginning on the same date, AM routes between Mexico City and Mazatlan, Mexico City and Ciudad del Carmen, and Mexico City and Veracruz will be offering a greater passenger capacity, thanks to new planes that will be larger than the planes currently traveling those routes. There will also be additional flights between Hermosillo and Mexicali, Tijuana and Hermosillo, as well as Mexico City and Tapachula.
As of May 9, there will be an increase in the frequency of flights on several routes that are already running. AeroMexico will add another flight to the Mexico City – Campeche connection, the Monterrey – Veracruz connection, and two more flights between Mexico City and Oaxaca, which will amount to 40 connections a week to the city.
Copyright Photo: Eddie Maloney. Please click on the photo for aircraft details.
AeroMexico reaches a new collective agreement with its pilots, will now order 25 new aircraft
AeroMexico Boeing 777-2Q8 ER N776AM (msn 28692) MAD (Ariel Shocron), originally uploaded by Airliners Gallery.
AeroMexico (Mexico City) has announced it had reached an agreement with its pilots to amend Aeromexico’s collective labor agreement that will allow it to increase the current task force’s productivity and establish highly competitive conditions for all new pilots. As a result the company intends to order 25 new aircraft in the coming months.
Copyright Photo: Ariel Shocron. Please click on the photo for additional details.
AeroMexico to restore its code-share flights with Delta, increases flights
AeroMexico Boeing 737-752 WL XA-GOL (msn 35785) MIA (Bruce Drum), originally uploaded by Airliners Gallery.
AeroMexico (Mexico City) will reestablish its code share flights with Delta Air Lines, its U.S. airline partner as of December 11, 2010. The airline will reinstate its 45 daily code share flights with Delta.
The Mexican carrier is now increasing the number of flight to the United States. The new daily service Aeromexico recently announced to New York effective as of December 6 (one additional flight for a total of four daily Aeromexico flights in the market), Miami (one additional flight for a total of four daily Aeromexico flights in the market), Chicago (one additional flight for a total of three daily Aeromexico flights in the market), Los Angeles (one additional flight for a total of five daily Aeromexico flights in the market), and Las Vegas (one additional flight for a total of two daily Aeromexico flights in the market), are now part of the airline’s permanent schedule.
AM will also add two daily frequencies to San Antonio, TX as of January 11, 2011. This added service will raise Grupo Aeromexico’s offering between Mexico and the USA to 434 weekly flights.
Copyright Photo: Bruce Drum.
AeroMexico increases U.S. flights, returns to Denver and Ontario, CA
AeroMexico Boeing 737-852 WL EI-DRC (msn 35116) MIA (Brian McDonough), originally uploaded by Airliners Gallery.
AeroMexico (Mexico City) on December 6 will operate more frequencies to/from the following cities: New York, Las Vegas, Los Angeles, Miami and Chicago.
Additionally, the airline will reestablish its seasonal service from Denver to Mexico City and from Ontario, CA to Guadalajara, both routes will be operated with Boeing 737 equipment.
The flights to and from Denver begin on December 15 and operate through April 2011. These flights will depart Denver at 11:30 a.m. (1130) arriving in Mexico City at 4:05 p.m. (1605), and from Mexico City flights depart at 07:30 a.m. (0730) arriving in Denver, at 10:20 a.m. (1020) on Wednesday, Saturday and Sunday.
Daily operations between Ontario, CA and Guadalajara will resume on November 20, departing from Ontario at 1:15 a.m. (0115) and arriving in Guadalajara at 6:50 a.m. (0650). The flight from Guadalajara departs at 10:30 p.m. (2230) arriving in California by 11:50 p.m. (2350).
Copyright Photo: Brian McDonough. Please click on the photo for additional details.
FAA: Mexico does not meet ICAO safety standards
U.S. Department of Transportation’s Federal Aviation Administration (FAA) (Washington) yesterday (July 30) announced that Mexico is not in compliance with international safety standards set by the International Civil Aviation Organization (ICAO), following an assessment of the country’s civil aviation authority. As a result, the United States is downgrading Mexico from a Category 1 to Category 2 rating.
With the IASA Category 2 rating, Mexican air carriers cannot establish new service to the United States, although they are allowed to maintain existing service.
A Category 2 rating means a country either lacks laws or regulations necessary to oversee air carriers in accordance with international standards, or that its civil aviation authority – equivalent to the FAA for aviation safety matters – is deficient in one or more areas, such as technical expertise, trained personnel, record-keeping or inspection procedures.
As a result AeroMexico issued this statement:
“Regarding the announcement released today by the Federal Aviation Administration (FAA), which informed Mexico’s downgrade from a Category 1 to a Category 2 in their safety ranking, Grupo Aeroméxico issues the following statement:
1. The downgrade to Category 2 is a result of an audit performed by the FAA to the Civil Aeronautics Board (DGAC) of Mexico. The result of this audit exclusively refers to the Mexican aeronautics authority and does not reflect the level of safety that national airlines maintain.
2. Aeromexico and its affiliate company Aeroméxico Connect are routinely audited by the FAA in all of its outbound operations to the United States, as is its affiliate, Aeromexico Connect and the highest international standards of operational safety are always fulfilled. Aeromexico is the first Mexican airline that has received its third consecutive IOSA (IATA Operational Safety Audit) re-certification given by the International Air Transport Association, IATA.
3. Aeromexico collaborates with American authorities in other safety programs such as the Transportation Security Administration’s (TSA) “Prevention Against Acts of Illegal Interference Program” and the Customs and Border Protection’s (CBP) “Security Program”.
Cargo operations have been certified in theft and terrorism prevention by the Customs-Trade Partnership Against Terrorism (C-TPAT), and the airline is an active member of the International Society of Air Safety Investigators (ISASI), a world-wide association committed to promoting the prevention of accidents and air incidents.
4. As founding member of SkyTeam, the global airline alliance, in which 13 airlines participate, Aeromexico is required to comply with security standards in order to operate the codeshared flights with other partners.
Within this alliance, US carrier Delta Airlines performed annual security-related audits to Aeromexico from 1994 until 2006. The global security standard IOSA was established as a requirement since 2006 and Aeromexico proudly holds this standard since its inception.
The measure announced by the FAA, doesn’t imply any changes in the operations to / from the United States by Aeromexico and its affiliated companies and all flights continue to operate normally.
Aeromexico will cooperate with the aeronautics authority to reestablish the Category 1 rating and will work hard to mitigate the effects and inconveniences that this measure could cause its passengers in Mexico and the US.
All domestic operations of Aeromexico as well as flights to Central and South America, Europe and Asia will remain unaffected.”
AeroMexico’s Paris-Mexico City flight diverts to Montreal
Please click on the AG icon for a direct link to the AeroMexico photo gallery.
AeroMexico’s (Mexico City) flight AM 006 operating from Paris (CDG) to Mexico City yesterday (May 31) diverted to Montreal (Trudeau). U.S. authorities denied transit through U.S. airspace due to the detection on board of a passenger who is on the U.S. no-fly list.
Press release:
AeroMexico to add the Mexico City-Bogota route on July 5
AeroMexico Boeing 737-752 WL XA-AGM (msn 35786) YYZ (TMK Photography), originally uploaded by Airliners Gallery.
AeroMexico (Mexico City) will add the Mexico City-Bogota route on July 5.
Copyright Photo: TMK Photography. Boeing 737-752 XA-AGM (msn 35786) taxies at Toronto (Pearson).
AeroMexico to defer 10 Boeing aircraft
AeroMexico (Mexico City) stated yesterday (March 24) it has delayed receiving 10 aircraft from Boeing due for delivery this year until 2011-2012 according to this Reuters report.
Read the full report:
AeroMexico is looking for investors
AeroMexico (Mexico City) is looking for either national or international investors to help bolster the company during the current economic downturn.
News link:
www.reuters.com/article/marketsNews/idCNN0748369720091007?rpc=44
AeroMexico Boeing 737-800 is hijacked at MEX
EI-DRA departs from Los Angeles prior to the hijacking. Copyright Photo: Michael Carter.
AeroMexico (Mexico City) had its flight AM 576 from Cancun to Mexico City hijacked today by a Bolivian hijacker demanding to speak to Mexican president Felipe Calderon. The Boeing 737-852 EI-DRA (msn 35114) landed safely at MEX. Security forces surrounded the aircraft and a group of suspects were apprehended for questioning but only one was determined to be the hijacker. The aircraft had 104 people on board and was relocated to a remote spot at MEX. The hijacker was threatening to blow up the airliner but never entered the cockpit and quickly surrendered. Later he stated God told him to hijack the aircraft. All of the 104 passengers (minus the hijacker) and seven crew were rescued.
Hours later AeroMexico issued this press release:
finance.yahoo.com/news/AeroMexico-Media-Statement-bw-4075449969.html?x=0&.v=1
AeroMexico reestablishes Monterrey-San Antonio
AeroMexico (Mexico) today reestablishes the Monterrey-San Antonio route with Embraer ERJ 145s operated by AeroMexico Connect.
Press release details:
finance.yahoo.com/news/AeroMexico-to-ReEstablish-bw-1032611957.html?x=0&.v=1
AeroMexico to restore New Orleans on July 7
AeroMexico (Mexico City) will restore service to New Orleans from Mexico City (six weekly flights) on July 7.
AeroMexico to start Mexico City-Montreal flights
Please click on photo for full view and caption.
AeroMexico (Mexico City) will launch twice-weekly nonstop flights between the MEX hub and Montreal (Trudeau) on April 9. This represents the second Canadian city. Toronto comes on line on March 3 with daily service to MEX. Both routes will be served with Boeing 737s.
