Aeromexico's net falls as operating costs hit
MEXICO CITY, Oct 25 (Reuters) - Airline holding company Consorcio Aeromexico, which run's Mexico's biggest airline Aeromexico, posted a 53 percent drop in third quarter net profit on higher operating costs.
Revenues totaled 5.606 billion pesos, down 0.7 percent from the same quarter last year. The company said that for sake of comparison, it removed third quarter 2005 earnings figures for airline Mexicana, which it sold to hotel chain Grupo Posadas in late 2005 for $165.5 million. ($1 = 10.9925 pesos at end September)
AM also announced the arrival of the 3rd 777 (N774AM), but nothing about the 4th (the unconfirmed PP-VRB):
CONSORCIO AEROMÉXICO: PRINCIPAL FINANCIAL RESULTS OF THE THIRD QUARTER OF 2006