Tag Archives: N520AM

AeroMexico reports a 71.8% increase in operating profit for 2013

Grupo Aeromexico, S.A.B. de C.V. (AeroMexico) (Mexico City), the largest global airline inย Mexico, announced its unaudited results for the fourth quarter and full year 2013.

FOURTH QUARTER 2013 RESULTS

  • The Group reported a 71.8% increase in operating profit, year-on-year, for a total of MXPย $634 million. Aeromexico achieved an operating margin of 5.9%; 2.2 percentage points greater than the same period last year.
  • Fourth quarter adjusted EBITDAR reached MXPย $2.1 billion; 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 MXPย $385 million. Aeromexico reported a MXPย $601 millionย 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 MXPย $10 million.
  • Grupo Aeromexico’s fourth quarter 2013 revenues reached MXPย $10.7 billion; 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.
  • The Company added four new aircraft to its fleet: two Boeing 787-8, one Boeing 767 and one Embraer 190, while three Embraer ERJ 145 aircraft were retired. Grupo Aeromexico’s operating fleet therefore consisted of 117 aircraft as atย December 31, 2013.
  • The Group’s On-Time Departure Performance for 2013 reached 87.7%; a 7.7 percentage point improvement compared to 2012.

Andres Conesa, Grupo Aeromexico’s CEO, commented: “2013 was known for its challenging economic environment, but we nevertheless succeeded in achieving very strong results during the fourth quarter. On the operational front, we again improved profitability for the fourth consecutive quarter by reducing the cost per ASK (CASK) to be increasingly competitive.”

To access the full text of this earnings release, please visit our Investor Relations website at:ย http://www.aeromexico.com/investors

Copyright Photo: Jay Selman/AirlinersGallery.com.ย Boeing 737-81Q WL N520AM (msn 29052) operating in the Contigo program arrives in Las Vegas.

AeroMexico:ย AG Slide Show

AeroMexico to add two new routes to Chicago from Morelia and Puerto Vallarta

AeroMexico (Mexico City) has announced its new seasonal flights from Morelia and Puerto Vallarta to Chicago (O’Hare), as of December 12 and 21, respectively.

The schedules for these new flights are listed as follows:

Morelia – Chicago * Puerto Vallarta – Chicago *
AM

618

10:32 pm

 2:24 am FR, SA AM 1773 12:44 pm 4:44 pm WE
Chicago – Morelia * Chicago – Puerto Vallarta *
AM

619

 3:39 am 8:04 am SA, SU AM 1774 7:00 am 11:45 am WE

* Times published are local to each country and are subject to changes without notice.

AeroMexico will serve the Morelia – Chicago flight with its Boeing 737-800 airplane with theย AeroMexico Contigoย program, a product the airline recently launched that offers customers in the migrant market personalized attention and the option to transport bulky luggage. This aircraft is especially configured for 174 passengers, with 18 seats in AM Plus that increase legroom to its passengers.

As of January 29, 2014, AM will add a weekly Saturday flight with the same schedule from Puerto Vallarta to Chicago and back.

AeroMexico now offers three daily flights from Chicago O’Hare to Mexico City and one daily frequency to Guadalajara, which represents nearly 1,000 daily seats between these destinations.

In other news, AM alsoย announced the beginning of its new seasonal service between Fresno and Morelia and Sacramento and Bajio/Leon in central Mexico as of December 17, 2013.

The schedules for these new flights are listed as follows:

Morelia – Fresno * Bajio – Sacramento *
AM 730

9:57 p.m.

 00:11 a.m. TU AM 630 10:30 p.m. 00:35 a.m. TU
Fresno – Morelia * Sacramento โ€“ Bajio*
AM 731 01:26 a.m. 07:04 a.m. WE AM 631 01:35 a.m. 07:15 a.m. WE

* Times published are local to each country and are subject to changes without notice.

These new routes will be served with Boeing 737-800 aircraft especially configured withย AeroMexico Contigoย program, a product the airline recently launched that offers customers in the migrant market personalized attention and the option to transport bulky luggage.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Boeing 737-81Q N520AM (msn 29052) with the additional Contigo markings taxies at Los Angeles.

AeroMexico:ย AG Slide Show