AeroMexico reduces its first quarter net loss to $6.8 million

AeroMexico (Mexico City) issued the following financial statement for the first quarter:


Grupo Aeromexico S.A.B de C.V. (AeroMexico) reported its unaudited consolidated results for the first quarter 2014:

  •   Grupo Aeromexico reported total revenues of $9.777 billion pesos; a 6.6% year-on-year increase.
  •   The cost of available seat kilometers (CASK) excluding fuel decreased 3.6% year-on-year in the first quarter 2014, representing the fifth consecutive quarter with a year-on-year decrease in this indicator.
  •   First quarter 2014 EBITDAR reached $1.393 billion pesos, with a 14.2% margin. Operating income was $31 million pesos.
  •   Grupo Aeromexico reported a net loss of $90 million pesos ($6.8 million) in the first quarter 2014, which compares favorably to the net loss of $122 million pesos ($9.3 million) reported in the first quarter of 2013.
  •   Grupo Aeromexico retired two Boeing 737-700 from its fleet, both under a pure lease agreement. Grupo Aeromexico’s operating fleet therefore consisted of 115 aircraft as of March 31, 2014.
  •   First quarter load factor reached 79.3%; a 5.8 percentage point increase compared to the first quarter of 2013.


Copyright Photo: Michael B. Ing/ Boeing 737-752 XA-MAH (msn 35122) with the special “Club Premier Credit Card” advertising markings prepares to land at Los Angeles International Airport.

AeroMexico: AG Slide Show