MEXICO CITY, July 18, 2017 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the second quarter 2017 (2Q17).
KEY FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER 2017
-- Grupo Aeromexico's second quarter 2017 revenue reached $14.5 billion
pesos, a 17.5% year on-year increase. During the quarter Revenue per ASK
(RASK) increased by 4.5% compared to the same period of 2016.
-- CASK in pesos increased by 4.4%, year-on-year, while CASK in dollars
increased 1.9%. CASK excluding fuel in pesos increased by 2.0%,
year-on-year, while CASK excluding fuel in dollars decreased 0.3%, which
is a reflection of Grupo Aeromexico´s ongoing focus on optimizing unit
costs.
-- Grupo Aeromexico reported an operating profit of $461 million pesos, a
19.6% year-on-year increase, with an operating margin of 3.2%,
representing a margin improvement compared to last year despite the
negative impact of an 18.0% increase in fuel prices and a 2.4%
depreciation of the Mexican peso against the US dollar. This result
represents the 29(th) consecutive quarter of positive EBIT results.
-- Second quarter EBITDAR reached $3.3 billion pesos, a 14.6% year-on-year
increase. EBITDAR margin amounted to 23.0%.
-- Aeromexico reported a net loss of $528 million pesos for the second
quarter 2017. During the quarter the company registered a negative
foreign exchange impact of $954 million pesos as the Mexican peso
appreciated against the US dollar.
-- Grupo Aeromexico´s revenue reached $28.7 billion pesos for the first
half of 2017, a 17.5% increase compared to the same period of 2016.
EBITDAR reached $6.9 billion pesos, a 15.5% increase year-on-year.
-- During the first half of 2017, Grupo Aeromexico reported operating
profit of $1.0 billion pesos with an operating margin of 3.5%.
-- Second quarter 2017 cash flow generation remained strong with $2.3
billion pesos in incremental net cash flow generated from operating
activities. Aeromexico's cash position as of June 30, 2017 was $8.7
billion pesos. This brings Grupo Aeromexico's cash to last-twelve-month
revenue ratio to 14.9%.
-- During the quarter, the Company incorporated four aircraft into its
fleet under operating lease agreements. As of June 30, 2017 Grupo
Aeromexico's operating fleet comprised 125 aircraft.
All figures are expressed in millions of pesos unless otherwise indicated. Grupo Aeromexico's financial statements are prepared in accordance with International Financial Reporting Standards (IFRS).
The International Accounting Standard 1 (IAS 1) "Presentation of Financial Statements" establishes that in the Consolidated Statement of Comprehensive Income additional items, headings and subtotals can be presented when they are relevant to understanding the financial performance of the entity.
To access the full text of this earnings release, please visit Aeromexico's Investor Relations website at: https://aeromexico.com/en-us/investors.
CONFERENCE CALL DETAILS
DATE: Grupo Aeromexico will hold its
2Q17 results call on July 19,
2017
TIME: 11:30 am ET/10:30 am Mexico
City & Central Time
DIAL-IN: US Toll Free: 1-866-682-6100
International Toll:
1-862-255-5401
SPEAKERS: Andrés Conesa Labastida, CEO
Ricardo Sánchez Baker, CFO
Registration is required; please dial in at least ten minutes prior to the scheduled start time.
The conference call will be available for replay until August 19, 2017 at 11:59 PM, by calling:
Toll Free US 1-877-481-4010
Toll International 1-919-882-2331
Replay Conference ID Number: 16066
The conference call replay can also be accessed via Grupo Aeromexico's Investor Relations website.
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. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico´s global airline, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 45 destinations in Mexico, 18 in the United States, 15 in Latin America, 4 in Canada, 4 in Europe, and 3 in Asia.
The Group's operating fleet of more than 120 aircraft is comprised of Boeing 787, 777 and 737 jet airliners and next generation Embraer 170 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.
As a founding member of the SkyTeam airline alliance, Aeromexico offers customers more than 1,000 destinations in 177 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 636 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, Copa Airlines and WestJet, with extensive connectivity in countries like the United States, Brazil, Canada, Colombia and Peru.
https://aeromexico.com/en-us
https://www.skyteam.com/en
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SOURCE Grupo Aeromexico S.A.B. de C.V.
