Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today reported its unaudited consolidated results for the third quarter 2018.
KEY FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER 2018
Grupo Aeromexico's third quarter 2018 revenue reached $18.2 billion pesos, a 14.4% year-on-year increase. During the quarter Revenue per ASK (RASK) increased by 7.4% compared to the same period of 2017.
The quarterly financial results reflect the negative impact of a 45.7% increase in peso denominated fuel prices and the 6.7% depreciation of the Mexican peso against the US dollar.
As a result, CASK in pesos increased by 15.0%, while CASK in dollars increased 7.8% during the quarter. CASK excluding fuel in pesos increased by 5.6% while CASK excluding fuel in dollars decreased 1.0%, highlighting Grupo Aeromexico's ongoing focus on optimizing unit costs.
Third quarter EBITDAR reached $3.4 billion pesos. EBITDAR margin was 18.7%.
During the third quarter of 2018, Grupo Aeromexico reported an operating profit of $235 million pesos. Operating margin reached 1.3%. This result represents the 34th consecutive quarter of positive EBIT results.
Aeromexico reported a net loss of $617 million pesos for the third quarter 2018.
During the quarter, the Company incorporated two aircraft into its fleet under operating lease agreements. As of September 30, 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.