Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the first quarter 2018 (1Q18).
KEY FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2018
Grupo Aeromexico's first quarter 2018 revenue reached $16.3 billion pesos, a 15.4% year-on-year increase.
First quarter 2018 RASK increased by 0.2% year-on-year, despite a 7.8% appreciation in the average exchange rate during the period.
CASK in pesos decreased by 2.4% year-on-year, despite a 14.5% increase in the peso-denominated fuel price. CASK excluding fuel in pesos decreased by 6.7%, year-on-year, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.
First quarter EBITDAR reached $3.0 billion pesos. EBITDAR margin was 18.5%.
During the first quarter of 2018, Grupo Aeromexico reported an operating profit of $24 million pesos. This result represents the 32nd consecutive quarter of positive EBIT results.
Aeromexico reported a net loss of $722 million pesos for the first quarter 2018.
During the quarter, the Company incorporated two aircraft into its fleet under operating lease agreements and one under a finance lease agreement. As of March 31st, 2018 Grupo Aeromexico's operating fleet comprised 130 aircraft.
All figures are expressed in millions of pesos unless otherwise indicated. Grupo Aeromexico's financial statements are prepared in accordance with International Financial Reporting Standards (IFRS).
The International Accounting Standard 1 (IAS 1) "Presentation of Financial Statements" establishes that in the Consolidated Statement of Comprehensive Income additional items, headings and subtotals can be presented when they are relevant to understanding the financial performance of the entity.
To access the full text of this earnings release, please visit Aeromexico's Investor Relations website at: https://aeromexico.com/en-us/investors.