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Grupo Aeromexico reports USD267m operating profit in 2011, up 27%

23-Feb-2012 2:47 PM

Grupo Aeromexico revenue up 12%– financial highlights:

  • Three months ended 31-Dec-2011:
    • Total revenue: USD751.3 million, +12% year-on-year;
    • Total operating costs: USD607.5 million, +24%;
      • Fuel: USD247.5 million, +48%;
      • Labour: USD152.4 million, +12%;
    • Operating profit: USD63.1 million, -44%;
    • Net profit: USD11.1 million, -89%;
    • Passenger numbers: 3.8 million, +5%;
    • Load factor: 78.1%, -2.4 ppts;
    • Yield: USD 11.79 cents, -2.4%;
    • Revenue per ASK: USD 9.84 cents, -0.3%;
    • Total cost per ASK: USD 9.02 cents, +9.5%;
    • Cost per ASK excl fuel: USD 5.78 cents, stable;
  • 12 months ended 31-Dec-2011:
    • Total revenue: USD2788 million, +28%;
    • Total operating costs: USD2234 million, +31%;
      • Fuel: USD878.5 million, +54%;
      • Labour: USD569.9 million, +14%;
    • Operating profit: USD266.9 million, +27%;
    • Net profit: USD162.2 million, -13%;
    • Passenger numbers: 14.3 million, +20%;
    • Load factor: 78.4%, +0.5 ppt;
    • Yield: USD 11.55 cents, +3%;
    • Revenue per ASK: USD 9.61 cents, +5.8%;
    • Total cost per ASK: USD 8.70 cents, +6.0%;
    • Cost per ASK excl fuel: USD 5.67 cents, -2.9%;
    • Total assets: USD1691 million, +58%;
    • Cash and cash equivalents: USD319.2 million, +209%;
    • Total liabilities: USD1292 million, +18%. [more – original PR]

*Based on the conversion rate at USD1 = MXN12.8454