Fyano773
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Posts: 536
Joined: Fri Mar 12, 2004 11:03 am

AeroMexico Posts 2Q 2013 Profit - $25.7M Net

Thu Jul 25, 2013 9:38 am

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.
     
    EddieDude
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Sat Jul 27, 2013 4:41 pm

    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-LAX AM 738, LAX-PVG DL 77L, SHA-PEK CA 789, PEK-PVG CA A332, PVG-ORD MU 77W, ORD-MEX AM 738
     
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    TheRedBaron
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Sat Jul 27, 2013 6:25 pm

    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.
     
    LatinPlane
    Posts: 2471
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Sat Jul 27, 2013 7:49 pm

    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.
    Pan Am - The World's Most Experienced Airline.
     
    BGOODAM
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 12:40 am

    Great. I've always liked AM's 767's.
     
    BGOODAM
    Posts: 127
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 12:53 am

    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.
     
    MaverickM11
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    Joined: Thu Apr 06, 2000 1:59 pm

    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 1:08 am

    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
     
    ghost77
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 3:46 am

    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!
     
    laca773
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    Joined: Sat Nov 06, 2004 7:10 am

    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 9:50 pm

    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?
     
    LatinPlane
    Posts: 2471
    Joined: Mon Dec 27, 1999 11:05 am

    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 10:04 pm

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

    Long Distance = Sao Paulo and Buenos Aires
    Pan Am - The World's Most Experienced Airline.
     
    MD11junkie
    Posts: 2499
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    RE: AeroMexico Posts 2Q 2013 Profit - $25.7M Net

    Mon Jul 29, 2013 10:07 pm

    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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