MEXICO CITY, July 21, 2015 /PRNewswire/ -- Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the second quarter 2015.
KEY FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER 2015
- Grupo Aeromexico's second quarter 2015 revenues reached $11.28 billion pesos; an 8.9% year-on-year increase.
- Grupo Aeromexico reported operating profit of $401 million pesos for the second quarter 2015; a 76.9% year-on-year increase, which also represents 21 consecutive quarters of positive EBIT results. Operating margin reached 3.6%; a 1.4 percentage point improvement compared to the same period of 2014.
- Second quarter EBITDAR reached $2.39 billion pesos; a 37.1% increase compared to the prior year. EBITDAR margin amounted to 21.2%, a 4.4 percentage point increase as compared to 2Q of 2014.
- This quarter´s financial results reflect the positive impact of reduced fuel prices and the negative impact of Mexican peso depreciation against the US dollar. CASK in pesos decreased 5.9% while CASK in dollars decreased 20.2%, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.
- Second quarter net income reached $101 million pesos with a 0.9% margin, which compares favorably with the net loss of $89 million pesos and the 0.9% negative net margin registered during the second quarter 2014.
- During the first six months of 2015, Grupo Aeromexico's revenues reached $21.96 billion pesos, a 9.1% increase compared to the same period of 2014. EBITDAR reached $4.81 billion pesos, a 50.6% increase year-on-year.
- During the first semester of 2015, Grupo Aeromexico reported operating profit of $927 million pesos, three times higher compared to the first semester of 2014. Operating margin reached 4.2%, 2.6 percentage points higher than the first half of 2014.
- During the second quarter of 2015, the Company initiated the following international routes: Mexico City-Panama City; Mexico City-Boston and Mexico City-Toronto as well as increasing scheduled service from Mexico City to London Heathrow from three to five services per week by the end of the second quarter of 2015.
- Grupo Aeromexico retired five aircraft under operating lease agreements from its fleet during the second quarter of 2015: one B767, one B737-700 and three E-145. The Company added four aircraft to its fleet under operating lease agreements: three B737-800 and one E-170/175. Grupo Aeromexico's operating fleet therefore consisted of 125 aircraft, a decrease of one aircraft compared to the first quarter of 2015.
To access the full text of this earnings release, please visit Aeromexico's Investor Relations website at: http://www.aeromexico.com/investors/welcome.html
CONFERENCE CALL |
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DATE: |
Grupo Aeromexico will hold its Q2 2015 results call on July 22, 2015 |
TIME: |
11:30 am ET/10:30 am Mexico City Time. |
DIAL-IN: |
Mexico 001 800 514 5965 |
International Toll 1-719-325-2133 |
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SPEAKERS: |
Andres Conesa Labastida, CEO |
Ricardo Sanchez Baker, CFO |
Other local dial in numbers are available on Aeromexico's Investor Relations website: http://www.aeromexico.com/investors/welcome.html
Safe Harbor Statement
This release contains forward-looking statements regarding the Company's results and business prospects. The readers should know that the results obtained may differ from that stated on this release. Past performances do not guarantee the behavior of future performances. The Company undertakes no obligation to update any of these statements, either as a result of new information, future actions or other related events.
About Grupo Aeromexico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights from its main hub in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 47 destinations in Mexico, 17 in the United States, 12 in Latin America, three in Europe, two in Asia and one in Canada.
The Group's fleet of more than 120 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners and next generation Embraer 145, 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.
As a founding member of the SkyTeam airline alliance, Aeromexico offers customers 1,000 destinations in 178 countries served by the 19 SkyTeam airline partners rewarding passengers with benefits including access to 530 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com www.skyteam.com
SOURCE Grupo Aeromexico S.A.B. de C.V.
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