Aeromexico CEO Andres Conesa stated (14-Feb-2013) he expects the group will receive its first three Boeing 787-8s in 4Q2013 instead of 3Q2013 due to the current grounding of the global 787 fleet, which has forced Boeing to postpone all future deliveries. Aeromexico is currently scheduled to place its first 787-8 into service in Aug-2013 with two additional aircraft to quickly follow. Mr Conesa said: “Certainly it will be delayed [but] we expect the plane to be delivered this year for sure. Officially we haven’t received from Boeing any new date. The planes will fly [in 2013] but probably instead of flying in the third quarter they will be flying in the fourth quarter.” Mr Conesa added the carrier plans to use its first 787-8s from Mexico City to London Heathrow, Paris CDG and New York JFK. Aeromexico currently serves London with three times weekly 767 service, Paris with a daily 767 service and New York JFK with four times daily 737-800 service. Aeromexico is committed to acquiring nine 787-8s, including two aircraft purchased directly from Boeing and seven leased aircraft. The group also has orders for six 787-9s. [more - CAPA Analysis]
Aeromexico still expects 787 deliveries in 2013; plans to deploy 787s to London, Paris and New York
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Mexico’s largest airline, Aeromexico, plans slightly higher capacity growth in 2016, mostly driven by added frequencies to its long haul markets in Asia and Europe. Its preliminary guidance shows an ASK increase in the low single digits versus 8% growth in 2016. Similarly to 2016, much of Aeromexico’s capacity should be deployed to international markets as the airline sheds three Boeing 777 widebodies and adds five 787-9s to its fleet.
Aeromexico and Delta continue to believe US regulators will approve their immunised cross-border joint venture by YE2016, and are planning to increase their combined daily flights between the two countries by 43% during the next two years. The joint venture is a major pillar of Aeromexico’s transborder strategy going forward as Delta prepares to exert more influence over Aeromexico’s strategy. Some of Aeromexico’s and Delta’s rivals are lobbying for the two airlines to relinquish more slots at Mexico City Juarez, which could become a factor in the government’s final decision.
In the near term Aeromexico’s outlook is relatively stable, despite continuing challenges from the depreciation of Mexico’s currency. The airline’s revenue generation for the 9M ending Sep-2016 was favourable, driven by increases in yields and load factors.
NOTE: This report was prepared before the DoT issued its decision in the Aeromexico-Delta joint venture
Mexican ULCC Volaris makes a pivot in its transborder strategy – into more contested markets
The US has been a key market for the Mexican low cost airline Volaris since the company launched transborder service in 2009, reflected in the more than 23 US markets the airline presently serves. For many years Volaris’ transborder push originated in other bases outside Mexico City, given slots constraints at Juarez International airport and previous caps on the number of airlines serving transborder routes from Mexico City.
But in 2017 Volaris is entering more contested markets, taking advantage of a new US-Mexico bilateral that lifts restrictions on the number of airlines operating on some routes between the two countries. It is upping competition with its Mexican rivals Aeromexico and Interjet on services from Mexico City, as well as with the large US global network airlines.
It is not clear if the routes will absorb the additional capacity added by Volaris, but the airline will be the only ULCC operating on those routes, betting it can stimulate traffic with its ultra-low cost model in the already crowded markets.