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

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