Grupo Aeromexico back in black in Q2011

Grupo Aeromexico revenue up 43% - financial highlights:

• Three months ended 30-Jun-2011
  • Revenue: USD741.7 million, +43% year-on-year;
  • Costs: USD590.7 million, +36.4%;
    • Fuel: USD232.1 million, +60.5%;
    • Labour: USD144.5 million, +8.9%;
  • Operating profit: USD77.1 million, +454%;
  • Net profit: USD45.8 million, compared to a loss of USD4.4 million in p-c-p;
  • Passenger numbers: 3.5 million, +36%;
  • Load factor: 79.1%, +4.4 ppts;
  • Yield: USD 12.85 cents, +8%;
  • Revenue per ASK: USD 10.66 cents, +14%;
  • Cost per ASK: USD 9.55 cents, +5%;
  • Cost per ASK excl fuel: USD 6.22 cents, -4%;
• Six months ended 30-Jun-2011:
  • Revenue: USD1422 million, +42%;
  • Costs: 1145 million, +35.2%;
    • Fuel: USD436.9 million, +56.2%;
    • Labour: USD300.5 million, +14.3%;
  • Operating profit: USD126.8 million, +926%;
  • Net profit: USD85.9 million, compared to a loss of USD24.0 million in p-c-p;
  • Passenger numbers: 6.8 million, +33%;
  • Load factor: 77.3%, +2.7 ppts;
  • Yield: USD 12.81 cents, +10%;
  • Revenue per ASK: USD 10.37 cents, +12%;
  • Cost per ASK: USD 9.45 cents, +3%;
  • Cost per ASK excl fuel: USD 6.26 cents, -5%;
  • Total assets: USD1657 million, +58.9%;
  • Cash and cash equivalents: USD421.0 million, +1194%;
  • Total liabilities: USD1314 million, -2%. [more]

*Based on the conversion rate at USD1 = MXN11.6474