Aeromexico Reports 8% Operating Margin In 4Q14

MEXICO CITY, Feb. 17, 2015 /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 fourth quarter and full year 2014.

KEY FINANCIAL HIGHLIGHTS FOR THE FOURTH QUARTER 2014

• Grupo Aeromexico's fourth quarter 2014 revenues reached $11.60 billion pesos; an 8.3% year-on-year increase. Total revenues in 2014 reached $42.92 billion pesos, a 7.7% increase compared to 2013.
• During the fourth quarter of 2014, Grupo Aeromexico reported a 45.9% year-on-year increase in operating profit, to reach a total of $925 million pesos; this represents 19 consecutive quarters of positive EBIT results. Operating margin reached 8.0%, a 2.1 percentage points improvement compared to the same period of 2013. Full year operating income was $1.68 billion pesos with a 3.9% margin.
• Fourth quarter adjusted EBITDAR reached $2.68 billion pesos; a 28.0% increase compared to the prior year. Adjusted EBITDAR margin amounted to 23.1%, 3.5 percentage points higher than in 4Q of 2013. In 2014, adjusted EBITDAR reached $8.07 billion pesos with an 18.8% margin.
• Net income in the fourth quarter reached $761 million pesos with a 6.6% margin. Full year net income was $783 million pesos with a 1.8% margin.
• Grupo Aeromexico retired three aircraft under operating lease agreements from its fleet during the fourth quarter of 2014: one B767 and two E-145. The Company added two B737-800 and two E-190 to the fleet, also under operating lease agreements. Grupo Aeromexico's operating fleet therefore consisted of 124 aircraft, an increase of one aircraft compared to third quarter of 2014. In December 2014, Grupo Aeromexico took delivery of its sixth B787-8 Dreamliner, which commenced operating in January 2015.
• 2014 is the first year in which international passenger revenues have exceeded domestic passenger revenues, contributing to an overall natural hedge between foreign currency-denominated revenues and costs.

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, S.A.B. de C.V.

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