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AeroMexico Posts 2Q 2013 Profit - $25.7M Net  
User currently offlineFyano773 From Mexico, joined Mar 2004, 784 posts, RR: 1
Posted (1 year 19 hours ago) and read 2252 times:

Despite a strike attempt that was averted and though conditions in the domestic market, the airline improved financial and operating figures over last year same period. Operating margin was 7.9% and net margin reached 3.4%:



Grupo Aeromexico, S.A.B. de C.V. Releases Results for the Second Quarter 2013

MEXICO CITY, July 23, 2013 /PRNewswire/ -- Grupo Aeromexico, S.A.B. de C.V. (AEROMEX.MX), the largest global airline in Mexico, today reported its unaudited consolidated results for the second quarter 2013. Highlights:

Financial

  • Revenue: MXN9500 million (USD757.3 million), -3.2% year-on-year;
          Excess baggage: MXN82 million (USD6.5 million), +17%

  • Total operating costs: MXN7525 million (USD599.9 million), -4.9%;
          Fuel: MXN2879 million (USD229.5 million), -11.9%
          Labour: MXN2067 million (USD164.8 million), +4.3%

  • Operating profit: MXN747 million (USD59.5 million), +15.1%

  • Net profit: MXN322 million (USD25.7 million), +111%

    Traffic

  • Passenger numbers: 3.6 million, +0.6%;
  • Scheduled service load factor: 75.9%, -0.7 ppt;
  • Revenue per ASK: MXN1.25 (USD 9.9 cents), -5.25;
  • Total cost per ASK: MXN1.15 (USD 9.2 cents), -6.5%;
  • Cost per ASK excl fuel: MXN0.77 (USD 6.1 cents), -2.6%;

    Fleet

    AM retired five aircraft from its fleet in the second quarter 2013, including four 145s and one 762 (XA-TOJ), all under lease agreements. The Company also added two 175s aircraft to its fleet under operating lease. AM's operative fleet consisted of 112 aircraft as of June 30, 2013.

    Other

    AM's On-Time Departure Performance for the January-June 2013 period reached 91.5%, representing a 10.8 percentage point improvement as compared to the same timeframe last year.

  • Source: SECOND QUARTER 2013 RESULTS and CAPA.

    AM strategy is in the right direction and has performed well, even better than some LCC in the country. The airline will receive the first Dream)Liner next month, so the outlook of the company remains positive.

    10 replies: All unread, jump to last
     
    User currently offlineEddieDude From Mexico, joined Nov 2003, 7561 posts, RR: 43
    Reply 1, posted (12 months 3 days 12 hours ago) and read 1888 times:

    This is good news. I am glad that AM is doing well despite the fierce competition they face both domestically and internationally. Cannot wait to see the 788 at MEX.


    Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
    User currently offlineTheRedBaron From Mexico, joined Mar 2005, 2191 posts, RR: 8
    Reply 2, posted (12 months 3 days 10 hours ago) and read 1828 times:

    Ill Be in Seattle from august 6 to 13 , any info on the delivery of AM 787´s ??? Id love to be there when they deliver this AC...

    TRB



    The best seat in a Plane is the Jumpseat.
    User currently offlineLatinPlane From United States of America, joined Dec 1999, 2713 posts, RR: 14
    Reply 3, posted (12 months 3 days 9 hours ago) and read 1776 times:

    Quoting TheRedBaron (Reply 2):

    Ill Be in Seattle from august 6 to 13 , any info on the delivery of AM 787´s


    Supposedly the first or second week of August. As you may have already seen, the first plane just flew on its first flight this past week.

    http://www.youtube.com/watch?v=9L-ePBaOGf8

    Rumors are that AM's management is looking for two 763s to be leased temporarily as the current widebody fleet of 10 air frames is stretched pretty thin and ongoing technical issues still pose a risk with the launch of the 787. Already, AM has announced full use of its first four 787s to fly to Tokyo, Paris, New York, Buenos Aires and London and studies are being done to possibility launch Rio next year with a 767.


    User currently offlineBGOODAM From Mexico, joined Apr 2005, 152 posts, RR: 0
    Reply 4, posted (12 months 2 days 4 hours ago) and read 1554 times:

    Great. I've always liked AM's 767's.

    User currently offlineBGOODAM From Mexico, joined Apr 2005, 152 posts, RR: 0
    Reply 5, posted (12 months 2 days 4 hours ago) and read 1543 times:

    Quoting Fyano773 (Thread starter):

    They should do even better with fuel eficient 787. Not to mention the Government's hault of any more routes and slots
    into Mexico City. AM should see more gains this year as predicted. Interjet unable to grow and with the(Russian) new plane flaws, and a high debt might be in a tight spot. As well as Volaris and it's questionable ownership.


    User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17338 posts, RR: 46
    Reply 6, posted (12 months 2 days 4 hours ago) and read 1531 times:

    Quoting BGOODAM (Reply 5):
    Not to mention the Government's hault of any more routes and slots
    into Mexico City.

    What's the latest on MEX slots anyway? Have the MX slots been given up or are they still 'on loan?



    E pur si muove -Galileo
    User currently offlineghost77 From Mexico, joined Mar 2000, 5215 posts, RR: 51
    Reply 7, posted (12 months 2 days 1 hour ago) and read 1467 times:

    Quoting TheRedBaron (Reply 2):
    Ill Be in Seattle from august 6 to 13 , any info on the delivery of AM 787´s ???

    Due for August 16th 2013.

    That's the plan.

    g77



    Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
    User currently offlinelaca773 From United States of America, joined Nov 2004, 4002 posts, RR: 2
    Reply 8, posted (12 months 1 day 7 hours ago) and read 1279 times:
    Support Airliners.net - become a First Class Member!

    Quoting ghost77 (Reply 7):
    Due for August 16th 2013.

    That's the plan.

    g77

    That's great. My birthday.
    I wish they would do some training flights with the 788s to LAX.

    What are AM's highest yielding routes right now?


    User currently offlineLatinPlane From United States of America, joined Dec 1999, 2713 posts, RR: 14
    Reply 9, posted (12 months 1 day 7 hours ago) and read 1267 times:

    Quoting laca773 (Reply 8):
    What are AM's highest yielding routes right now?

    Long Distance = Sao Paulo and Buenos Aires


    User currently offlineMD11junkie From Argentina, joined May 2005, 3146 posts, RR: 58
    Reply 10, posted (12 months 1 day 7 hours ago) and read 1254 times:

    It looks like the Ancillary Charges are actually helping drive up AM's financial situation. Mix that with a good fuel hedging and a cost-centric business plan - and it looks AM is bound for recovery.

    Fingers crossed!

    Saludos,



    There is no such thing as Boeing vs Airbus as the queen of the skies has three engines, winglets and the sweetest nose!
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