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Aeromexico reports 3Q16 results

Aeromexico reports 3Q16 results

Grupo Aeromexico’s third quarter 2016 revenues reached $14.5 billion pesos

Grupo Aeromexico S.A.B. de C.V. today reported its unaudited consolidated results for the third quarter 2016 (3Q16).

KEY FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER 2016

• Grupo Aeromexico’s third quarter 2016 revenues reached $14.5 billion pesos, a 16.5% year-on-year increase. Third quarter Revenue per ASK (RASK) increased by 7.3% compared to the same period of 2015.


• The quarterly financial results reflect the negative impact of Mexican peso depreciation against the US Dollar, which more than offsets savings derived from lower USD denominated fuel prices. Third quarter CASK in pesos increased 6.7% due to the depreciation in the Mexican peso of 13.9%, while CASK in US dollars decreased 6.4% year-on-year, with CASK excluding fuel in dollars decreasing by 4.9%, which is a reflection of Grupo Aeromexico’s continued success in unit cost optimization.

• Grupo Aeromexico reported an operating profit of $1.5 billion pesos, a 31.1% year-on-year increase. This represents the 26th consecutive quarter of positive EBIT results. Operating margin was 10.2%, 1.1 percentage points higher than the third quarter of 2015 and the highest operating margin for a third quarter since 2011.

• Third quarter EBITDAR reached $4.1 billion pesos, a 22.2% year-on-year increase. EBITDAR margin amounted to 28.1%, a 1.3 percentage point increase compared to the third quarter of 2015.



• Net income reached $665 million pesos equating to a 4.6% margin for the third quarter of 2016.

• Grupo Aeromexico´s revenues reached $38.9 billion pesos for the first nine months of 2016, a 13.2% increase compared to the same period of 2015. EBITDAR reached $10.1 billion pesos, a 24.0% increase year-on-year.

• During the first nine months of 2016, Grupo Aeromexico reported an operating profit of $2.5 billion pesos, a 23.7% increase compared to the same period of 2015. Operating margin reached 6.4%, 0.5 percentage points higher than the first nine months of 2015.

• Third quarter 2016 cash flow generation remained strong with $2.7 billion pesos in incremental net cash flow generated from operating activities. Aeromexico’s cash position as at September 30, 2016 was $7.3 billion pesos. This brings Grupo Aeromexico’s cash to last-twelve-month revenue ratio to 14.2%.

• During the third quarter of 2016, the Company added net three aircraft to its fleet compared to the second quarter of 2016 under operating lease agreements. As at September 30, 2016, Grupo Aeromexico’s operating fleet comprised 131 aircraft.

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