Aeromexico Reports Third Quarter 2014 Results

28 Oct 2014
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MEXICO CITY, Oct. 27, 2014 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), the largest airline in Mexico, today reported its unaudited consolidated results for the third quarter 2014.

KEY FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER 2014

  • Grupo Aeromexico reported total third quarter revenues of $11.19 billion pesos; a 6.9% year-on-year increase.
  • Third quarter 2014 cost of available seat kilometers (CASK) in pesos, decreased by 1.5%, year-on-year, despite a 1.8% depreciation of the Mexican peso relative to the US dollar during the quarter. CASK expressed in US dollars, decreased by 3.3%, year-on-year. This is the seventh consecutive quarter that Grupo Aeromexico has successfully reduced its CASK.
  • Third quarter EBITDAR reached $2.14 billion pesos with a 19.1% margin, while adjusted EBITDAR reached $2.19 billion pesos with a 19.5% margin.
  • Third quarter 2014 operating profit reached $522 million pesos with a 4.7% operating margin. This represents 18 consecutive quarters of positive EBIT results. Net profit reached $201 million pesos in the same period.
  • Grupo Aeromexico retired four aircraft under operating lease agreements from its fleet during the third quarter of 2014: one B767, one B737-700 and two E-145. The Company added three B737-800, two E-170/175 and three E-190 to the fleet, also under operating lease agreement. Grupo Aeromexico's operating fleet therefore consisted of 123 aircraft.
  • Third quarter 2014 load factor reached 81.9%; a 1.6 percentage point year-on-year increase.

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

Grupo Aeromexico will hold its third quarter 2014 results conference call on Tuesday, October 28, 2014 at 12:00 pm ET/10:00 am Mexico City Time. The conference call can be accessed by dialing:  +1 719-325-2465 and entering Passcode:  9712880. Other local dial in numbers are also available on Aeromexico's Investor Relations website: http://www.aeromexico.com/investors/welcome.html

Safe Harbor Statement

This release contains forward-looking statements regarding the Company's results and business prospects. The readers should know that the results obtained may differ from that stated on this release. Past performances do not guarantee the behavior of future performances. The Company undertakes no obligation to update any of these statements, either as a result of new information, future actions or other related events. 

About Grupo Aeromexico

Grupo Aeromexico, S.A.B. Ltd., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. It has a fleet of Boeing 777, 767, 737 and the latest models of Embraer 145, 170 and 190. As of 2011, an important expansion plan began that includes the incorporation of 20 new planes and properties over the next 24 months. In 2012, Aeromexico announced that it signed a letter of intent to purchase 100 Boeing aircraft, 90 Boeing 737 MAX and 10 Boeing 787-9 Dreamliner, making it the largest investment program in Mexican aviation history.

Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport. The Group's airlines operate more than 600 daily flights to different cities in Mexico, the United States, Canada, Central and South America, as well as Europe and Asia.

SOURCE Grupo Aeromexico S.A.B. de C.V.

CONTACT: Aeromexico contact number is: +52 (55) 9132 4257

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