Aeromexico Group reports operating profit growth in 2Q2016 and 1H2016

Aeromexico Group revenue up 18% - financial highlights:

• Three months ended 30-Jun-2017:
  • Revenue: MXN14,531 million (USD783.3 million), +17.5% year-on-year;
  • Total costs: MXN14,070 million (USD759.4 million), +17.4%;
    • Fuel: MXN3342 million (USD180.2 million), +26.7%;
    • Labour: MXN2967 million (USD159.9 million), +13.4%;
  • Operating profit: MXN461 million (USD24.9 million), +19.6%;
  • Net profit (loss): (MXN528 million) (USD28.5 million), compared to a profit of MXN28 million (USD1.5 million) in p-c-p;
  • Passenger numbers: 5.2 million, +6.4%;
  • Scheduled passenger load factor: 82.0%, +2.7ppts;
  • Yield: MXN1.277 (USD6.9 cents), -2.1%;
  • Total revenue per ASK: MXN1.218 (USD6.6 cents), +4.5%;
  • Passenger revenue per ASK: MXN1.023 (USD5.5 cents), +0.5%;
  • Total cost per ASK: MXN1.191 (USD6.4 cents), +4.4%;
  • Cost per ASK excl fuel: MXN0.911 (USD4.9 cents), +2.0%;
• Six months ended 30-Jun-2017:
  • Revenue: MXN28,700 million (USD1482 million), +17.5%;
  • Total costs: MXN27,706 million (USD1431 million), +18.4%;
    • Labour: MXN5879 million (USD303.6 million), +12.5%;
    • Fuel: MXN6985 million (USD360.7 million), +47.2%;
  • Operating profit: MXN994 million (USD51.3 million), -3.2%;
  • Net profit (loss): (MXN786 million) (USD40.6 million), compared to a profit of MXN189 million (USD9.8 million) in p-c-p;
  • Passenger numbers: 9.9 million, +6.4%;
  • Scheduled passenger load factor: 80.1%, +2.2ppts;
  • Yield: MXN1.338 (USD6.9 cents), -0.9%;
  • Total revenue per ASK: MXN1.240 (USD6.4 cents), +6.6%;
  • Passenger revenue per ASK: MXN1.050 (USD5.4 cents), +1.6%;
  • Total cost per ASK: MXN1.248 (USD6.4 cents), +10.9%;
  • Cost per ASK excl fuel: MXN0.946 (USD4.9 cents), +5.2%;
  • Total assets: MXN68,105 million (USD3516 million);
  • Cash and cash equivalents: MXN7040 million (USD363.5 million);
  • Total liabilities: MXN56,475 million (USD2916 million). [more - original PR]

*Based on the average conversion rate at MXN1 = USD0.053905 for 2Q2017
*Based on the average conversion rate at MXN1 = USD0.051633 for 1H2017