Aeromexico Reports 1Q16 Results

MEXICO CITY, April 25, 2016 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the first quarter 2016.

KEY FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2016

• Grupo Aeromexico's first quarter 2016 revenues reached $12.1 billion pesos, a 12.9% year on-year increase.
• Grupo Aeromexico reported an operating profit of $641 million pesos, a 24.6% year-on-year increase. Operating margin reached 5.3%, a 0.5 percentage point improvement compared to the same period of 2015. This represents the 24^th consecutive quarter of positive EBIT results.
• During the quarter, EBITDAR reached $3.1 billion pesos, a 27.8% increase compared to the prior year. EBITDAR margin amounted to 25.5%, a 3.0 percentage point increase compared to the first quarter of 2015.
• Net income reached $161 million pesos with a 1.3% margin for the first quarter 2016.
• These financial results reflect the positive impact of reduced fuel prices and the negative impact of Mexican peso depreciation against the US dollar.
• In the first quarter of 2016 cash flow generation remained strong with $1.0 billion pesos incremental net cash flow generated from operating activities. Aeromexico's cash position as of March 31^st 2016 was $6.6 billion pesos.
• During the quarter, the Company added two aircraft to its fleet under operating lease agreements: one Embraer-170 and one Embraer-190. Grupo Aeromexico's operating fleet comprised 126 aircraft, an increase of one aircraft compared to the fourth quarter of 2015.

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

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 May 26, 2016 at 11:59 PM:

Toll Free US         1-877-481-4010
Toll International    1-919-882-2331

Replay Conference ID Number:  10021

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, 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.