MEXICO CITY, July 19, 2016 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the second quarter 2016.
KEY FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER 2016
- Grupo Aeromexico's second quarter 2016 revenues reached $12.4 billion pesos, a 9.7% year on-year increase. During the quarter Revenue per ASK (RASK) increased by 5.6% compared to the same period of 2015.
- The quarterly 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 increased 6.6% while CASK in US dollars decreased 9.9% during the quarter, highlighting Grupo Aeromexico´s ongoing success in unit cost optimization.
- Grupo Aeromexico reported an operating profit of $385 million pesos, a 0.7% year-on-year increase, with an operating margin of 3.1%. This represents the 25th consecutive quarter of positive EBIT results.
- Second quarter EBITDAR reached $2.9 billion pesos, a 22.8% year-on-year increase. EBITDAR margin amounted to 23.5%, a 2.5 percentage point increase compared to the second quarter of 2015.
- Net income reached $28 million pesos with a 0.2% margin for the second quarter 2016.
- Grupo Aeromexico´s revenues reached $24.4 billion pesos for the first half of 2016, an 11.3% increase compared to the same period of 2015. EBITDAR reached $6.0 billion pesos, a 25.3% increase year-on-year.
- During the first half of 2016, Grupo Aeromexico reported operating profit of $1.0 billion pesos, a 14.4% increase compared to the same period 2015. Operating margin reached 4.2%, 0.1 percentage points higher than the first half of 2015.
- Second quarter 2016 cash flow generation remained strong with $3.6 billion pesos in incremental net cash flow generated from operating activities. Aeromexico's cash position as of June 30th 2016 was $7.3 billion pesos. This brings Grupo Aeromexico's cash to last-twelve-month revenue ratio to 14.9%.
- During the quarter, the Company added net two aircraft to its fleet under operating lease agreements. As at 30 June, Grupo Aeromexico's operating fleet comprised 128 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 Q2 2016 results call on July 20, 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 August 20, 2016 at 11:59 PM: | ||
Toll Free US |
1-877-481-4010 | |
Toll International |
1-919-882-2331 | |
Replay Conference ID Number: 10045 | ||
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 Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 42 destinations in Mexico, 16 in the United States and Canada, 15 in Latin America, four in Europe, two in Asia.
The Group's fleet of more than 120 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 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 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.
![](http://rt.prnewswire.com/rt.gif?NewsItemId=NY50610&Transmission_Id=201607191905PR_NEWS_USPR_____NY50610&DateId=20160719)
There is no comments yet.
You must login Login Sign up