Market Overview

Aeromexico Reports 2Q18 Results

Share:

Aeromexico Reports 2Q18 Results

PR Newswire

MEXICO CITY, July 25, 2018 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the second quarter 2018 (2Q18).

KEY FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER 2018

  • Grupo Aeromexico's second quarter 2018 revenue reached $17.3 billion pesos, a 19.1% year-on-year increase. During the quarter Revenue per ASK (RASK) increased by 9.0% compared to the same period of 2017.
  • The quarterly financial results reflect the negative impact of increased fuel prices and the depreciation of the Mexican peso against the US dollar. CASK in pesos increased by 7.8%, while CASK in dollars increased 3.1% during the quarter. CASK excluding fuel in pesos increased by 4.3% while CASK excluding fuel in dollars decreased 0.3%, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.
  • Second quarter EBITDAR reached $3.8 billion pesos. EBITDAR margin was 21.7%.
  • During the second quarter of 2018, Grupo Aeromexico reported an operating profit of $651 million pesos. Operating margin reached 3.8%, 0.7 p.p. higher than the same period of 2017. This result represents the 33rd consecutive quarter of positive EBIT results.
  • Aeromexico reported a net profit of $112 million pesos for the second quarter 2018. Net margin reached 0.6%.
  • Second quarter 2018 cash flow generation from operating activities remained strong at $4.6 billion pesos. Aeromexico's cash position as of June 30, 2018 was $14.9 billion pesos, equivalent to 22.4% of trailing twelve-month revenues. During the quarter, the Company incorporated three aircraft into its fleet under operating lease agreements. As of June 30, 2018, Grupo Aeromexico's operating fleet comprised 133 aircraft.

All figures are expressed in millions of pesos unless otherwise indicated. Grupo Aeromexico's financial statements are prepared in accordance with International Financial Reporting Standards (IFRS).

The International Accounting Standard 1 (IAS 1) "Presentation of Financial Statements" establishes that in the Consolidated Statement of Comprehensive Income additional items, headings and subtotals can be presented when they are relevant to understanding the financial performance of the entity.

To access the full text of this earnings release, please visit Aeromexico's Investor Relations website at:   https://aeromexico.com/en-us/investors.

CONFERENCE CALL DETAILS

DATE:

Grupo Aeromexico will hold its 2Q18 results call on July 26, 2018

TIME:

1:30 pm ET/12:30 pm Mexico City & Central Time

SPEAKERS:

Andrés Conesa Labastida, CEO


Ricardo Sánchez Baker, CFO



To participate in the conference call, please dial:


Toll Free US

+1 877-407-9124

Toll International

+1 201-689-8584

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 26, 2018 at 1:30 PM ET:

Toll Free US

+1 877-481-4010

Toll International

+1 919-882-2331

Replay Conference ID Number:  33710

The conference call replay can also be accessed via Grupo Aeromexico's Investor Relations website:

https://aeromexico.com/en-us/investors.

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 90 cities on three continents, including 45 destinations in Mexico, 20 in the United States, 15 in Latin America, 4 in Canada, 4 in Europe, and 3 in Asia.

The Group's operating fleet of 133 aircraft is comprised of Boeing 787 and 737 jet airliners and next generation Embraer 170 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 Dreamliner's.

As a founding member of the SkyTeam airline alliance, Aeromexico offers customers more than 1,000 destinations in 179 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, Air France-KLM, 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/ 

Cision View original content:http://www.prnewswire.com/news-releases/aeromexico-reports-2q18-results-300686782.html

SOURCE Grupo Aeromexico S.A.B. de C.V.

View Comments and Join the Discussion!