Aeromexico Results

Aeromexico Reports 2Q18 Results

Aeromexico

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX), today reported its unaudited consolidated results for the second quarter 2018 (2Q18).

KEY FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER 2018

  • Grupo Aeromexico's second quarter 2018 revenue reached $17.3 billion pesos, a 19.1% year-on-year increase. During the quarter Revenue per ASK (RASK) increased by 9.0% compared to the same period of 2017.
  • The quarterly financial results reflect the negative impact of increased fuel prices and the depreciation of the Mexican peso against the US dollar. CASK in pesos increased by 7.8%, while CASK in dollars increased 3.1% during the quarter. CASK excluding fuel in pesos increased by 4.3% while CASK excluding fuel in dollars decreased 0.3%, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.
  • Second quarter EBITDAR reached $3.8 billion pesos. EBITDAR margin was 21.7%.
  • During the second quarter of 2018, Grupo Aeromexico reported an operating profit of $651 million pesos. Operating margin reached 3.8%, 0.7 p.p. higher than the same period of 2017. This result represents the 33rd consecutive quarter of positive EBIT results.
  • Aeromexico reported a net profit of $112 million pesos for the second quarter 2018. Net margin reached 0.6%.
  • Second quarter 2018 cash flow generation from operating activities remained strong at $4.6 billion pesos. Aeromexico's cash position as of June 30, 2018 was $14.9 billion pesos, equivalent to 22.4% of trailing twelve-month revenues. During the quarter, the Company incorporated three aircraft into its fleet under operating lease agreements. As of June 30, 2018, Grupo Aeromexico's operating fleet comprised 133 aircraft.



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