MEXICO CITY, Oct. 26, 2016 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), 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.
To access the full text of this earnings release, please visit Aeromexico's Investor Relations website at: http://www.aeromexico.com/investors/welcome.html
CONFERENCE CALL DETAILS |
|
DATE: |
Grupo Aeromexico will hold its Q3 2016 results call on October 27, 2016 |
TIME: |
11:00 am ET/10:00 am Mexico City & Central Time |
DIAL-IN: |
US Toll Free: 1-866-932-0173 |
International Toll: 1-785-424-1630 |
|
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 November 27, 2016 at 11:59 PM:
Toll Free US 1-877-481-4010
Toll International 1-919-882-2331
Replay Conference ID Number: 10097
The conference call replay can also be accessed via Grupo Aeromexico's Investor Relations website: http://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, 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 46 destinations in Mexico, 16 in the United States, 16 in Latin America, three in Canada, four in Europe, and two in Asia.
The Group's fleet of around 130 aircraft is comprised of Boeing 787, 777 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 up to 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.
www.aeromexico.com
www.skyteam.com
http://disfrutaam.tumblr.com/
SOURCE Grupo Aeromexico S.A.B. de C.V.
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