Aeromexico 737-752 (35118/2151) XA-GMV taxies from Rwy 25L following it's arrival at Los Angeles International Airport (LAX/KLAX) on January 5/2014. It sports special markings promoting the beautiful beaches in Cabo San Lucas.
(Photo by Michael Carter)
Grupo Aeroméxico incurred a net loss of MXP89 million ($6.9 million) in the second quarter, reversed from a net profit of MXP322 million in the 2013 June quarter. Mexico’s largest airline operator noted that the “Mexican economy continued to have a weak performance.”
Grupo Aeroméxico, parent of mainline Aeroméxico and regional Aeroméxico Connect, also pointed out the Mexican peso depreciated 4% relative to the US dollar during the second quarter and “Grupo Aeroméxico’s price of fuel denominated in Mexican pesos increased during the second quarter … by 6.9% year-on-year due to the increase in the US dollar-denominated average price of fuel and the exchange rate depreciation.”
Grupo Aeroméxico’s second-quarter revenue increased 9% year-over-year to MXP10.36 billion, but expenses grew at nearly double the rate of revenue, rising 16% to MXP10.15 billion. Second-quarter operating profit decreased 73% compared to the 2013 June quarter to MXP202 million and operating margin dropped 5.9 points from 7.9% in the prior-year period to just 2% in the 2014 second quarter.
Second-quarter traffic rose 21.6% year-over-year to 7.03 billion RPKs on a 17% increase in capacity to 8.92 billion ASKs, producing a load factor of 79.3%, up 3.4 points. Yield decreased 12.4% to MXP1.35.
Grupo Aeroméxico took delivery of two Boeing 787s, one 737-800 and four Embraer E-190s in the second quarter while retiring one 737-700 and two ERJ-145s, ending the quarter with a fleet of 119 aircraft.
Aeroméxico’s fleet at the end of second quarter comprised four 777s, five 787s, six 767s, 25 737-700s and 20 737-800s while Aeroméxico Connect’s fleet included 28 ERJ-145s, seven E-170/175 aircraft and 24 E-190s.
(Aaron Karp - ATWOnline News)
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