Aeromexico 737-752(WL) (35118/2151) XA-GMV at Los Angeles International Airport (LAX/KLAX) on January 5, 2014.
Photo by Michael Carter)
Grupo Aeroméxico posted a first-quarter net loss of MXP90 million ($6.9 million), narrowed from a MXP122 million net loss in the 2013 first quarter.
Revenues increased 6.6% year-over-year to MXP9.78 billion despite a 3.6% decrease in CASKs, ex-fuel, to MXP0.733. Operating expenses grew 8.5% to MXP9.75 billion; the resulting operating profit came to MXP31 million, down 83.5% year-over-year.
The company attributed its first-quarter performance to having “operated in an environment characterized by … weak [Mexican] economic growth … negative seasonal effects [the Easter holiday began in April this year, as opposed to having occurred in March 2013] … increased [competitive] air passenger traffic in Mexican industry … and [Mexican peso-US dollar] exchange-rate depreciation.”
Passenger traffic rose 21.1% year-over-year to 6.8 billion RPKs on a 12.2% increase in capacity to 8.59 billion ASKs, producing a load factor of 79.3%, up 5.8 points year-over-year. Yield fell 13.1% to MXP1.302. CASK ex-fuel decreased 8.3% to 5.5 cents. Cargo revenues increased 7.8% to MXP538 million.
Grupo Aeroméxico retired two leased Boeing 737-700s during the quarter.
As of March 31, the company had 115 aircraft in its combined Aeromexico and Aeromexico Connect fleet, comprising three Boeing 787s, four Boeing 777s, six 767s, 45 737s, 30 Embraer ERJ-145s, seven E-170s and 20 E-190s.
(Mark Nensel - ATWOnline News)
No comments:
Post a Comment