Aeromexico Reports 1Q15 Results

MEXICO CITY, April 28, 2015 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the first quarter 2015.

KEY FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2015

• Grupo Aeromexico's first quarter 2015 revenues reached $10.68 billion pesos; a 9.2% year-on-year increase.
• Grupo Aeromexico reported operating profit of $526 million pesos for the first quarter 2015; an increase six times that of the prior year, this also represents 20 consecutive quarters of positive EBIT results. Operating margin reached 4.9%, a 4.0 percentage point improvement compared to the same period of 2014.
• First quarter EBITDAR reached $2.42 billion pesos; a 66.8% increase compared to the prior year. EBITDAR margin amounted to 22.6%, 7.8 percentage points higher than in 1Q of 2014.
• This quarter´s financial results reflect the positive impact of reduced fuel prices and the negative impact of Mexican peso depreciation against the US dollar. CASK in pesos decreased 5.2% while CASK in dollars decreased 16.0%, maintaining Grupo Aeromexico´s cost discipline.
• First quarter net income reached $185 million pesos with a 1.7% margin.
• Grupo Aeromexico retired three aircraft under operating lease agreements from its fleet during the first quarter of 2015: one B767, one B737-700 and one E-145. The Company added two B787-8 Dreamliners under financial lease agreements. Grupo Aeromexico also added three aircraft to its fleet under operating lease agreements: one B737-800, one E-170/175 and one E-190. Grupo Aeromexico's operating fleet therefore consisted of 126 aircraft, an increase of two aircraft compared to the fourth quarter of 2014.

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

Other local dial in numbers are 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. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights from its main hub in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 47 destinations in Mexico, 17 in the United States, 12 in Latin America, three in Europe, two in Asia and one in Canada.

The Group's fleet of more than 120 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners and next generation Embraer 145, 170, 175 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 1,000 destinations in 178 countries served by the 19 SkyTeam airline partners rewarding passengers with benefits including access to 530 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com www.skyteam.com

SOURCE Grupo Aeromexico

Related Links

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