Welcome!

News Feed Item

Grupo Aeromexico S.A.B. De C.V. Releases Results for the Fourth Quarter and Full Year 2012

MEXICO CITY, Feb. 11, 2013 /PRNewswire/ -- Grupo Aeromexico S.A.B. De C.V. (BMV: AEROMEX) (Grupo Aeromexico or the Company), the largest intercontinental airline in Mexico, today reported consolidated unaudited results for the fourth quarter and full year 2012.

  • Net income during the fourth quarter 2012 was MXP $612 million; an increase as compared to the MXP $294 million net income reported for the same period in 2011. Full year net income was MXP $1,323 million despite record-high fuel prices and the negative impact of a 5.8% exchange rate depreciation.
     
  • Fourth quarter operating profit before other non-operating revenues and expenses was MXP $356 million, with a 3.6% margin. 2012 operating profit before other non-operating revenues and expenses was MXP $2,529 million, with a 6.4% margin. Operating margin was 6.5%, excluding the effect of Aeromexico Cargo consolidation.
     
  • 2012 EBITDAR was MXP $6,811 million, the second highest annual EBITDAR in the Company's history, despite negative impacts related to the fuel price increase and the aforementioned exchange rate depreciation. EBITDAR margin was 17.2%; after adjusting for the cargo consolidation effect, this margin was 17.6%.
     
  • Grupo Aeromexico reported record revenues of MXP $39,569 million in 2012; 10.5% growth year-over-year. This growth was driven primarily by increased yields, higher passenger flows and an increase in cargo revenues. Fourth quarter revenues reached MXP $9,897 million; a 1.7% increase year on year.
     
  • Cost per available seat kilometer (CASK) excluding fuel and adjusting for the accounting effect of consolidating Aeromexico Cargo (AM Cargo), increased 5.4% in 2012 compared to last year. This is primarily due to the exchange rate depreciation. This indicator, expressed in U.S. dollars, decreased 1.7%. CASK in pesos, excluding fuel and the cargo business consolidation, grew 3.7% in the fourth quarter as compared to the same period last year.
     
  • During the year, Grupo Aeromexico executed the most ambitious investment program in the Company's history, making payments of MXP $4,261 million in fixed assets investments, aircraft purchase prepayments, guarantee deposits and the amortization of debt not related to the purchase of aircraft. The Company's cash position as of December 31, 2012 was MXP $3,452 million.
     
  • Grupo Aeromexico took delivery of eight new Embraer-190 in 2012. Six of these were delivered as part of the aircraft acquisition program through the BNDES credit line and two were delivered through operating leases. The Company also took delivery of three Boeing 737-800 through US Ex-Im Bank financing. Three Embraer 170 aircrafts also were added to the fleet through operating leases. Additionally, two Boeing 737-800, one Boeing 767-200 and one Embraer E-145 aircraft were re-delivered.

To access the full text of this earnings release, please visit our Investor Relations website at: http://www.aeromexico.com/us/Investor/

Grupo Aeromexico will hold its fourth quarter and full year 2012 results conference call on Thursday, February 14, 2013 at 11:00 am U.S. ET (10:00 am Mexico City Time). The conference call can be accessed by dialing USA/International +1 (719) 457-6787, Mexico: 001800-514 5956 and entering passcode:  4459558.

About Grupo Aeromexico
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport. The Group's airlines operate over 550 daily flights to different cities in Mexico, the United States, Canada, Central and South America, and Europe and Asia. Aeromexico is a founding member of SkyTeam, the global airline alliance comprised of 15 airlines.

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.

SOURCE Grupo Aeromexico S.A.B. De C.V.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...