MEXICO CITY, Feb. 20, 2018 /PRNewswire/ -- Grupo
Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX), today
reported its unaudited consolidated results for the fourth quarter
2017 (4Q17).
KEY FINANCIAL HIGHLIGHTS FOR THE FOURTH
QUARTER 2017
- Grupo Aeromexico's fourth quarter 2017 revenue reached
$16.8 billion pesos, a 12.1%
year-on-year increase.
- CASK in pesos decreased by 0.3%, year-on-year, despite the fuel
price in pesos increasing by 16.3% year-on-year. CASK excluding
fuel in pesos decreased by 4.1%, year-on-year, highlighting Grupo
Aeromexico´s ongoing focus on optimizing unit costs.
- Fourth quarter EBITDAR reached $3.8
billion pesos, a 2.0% year-on-year increase. EBITDAR margin
was 22.3%.
- During the fourth quarter of 2017, Grupo Aeromexico reported an
operating profit of $802 million
pesos, with an operating margin of 4.8%. This result represents the
31st consecutive quarter of positive EBIT results.
- Aeromexico reported a net profit of $465
million pesos for the fourth quarter 2017, an 80.7%
year-on-year improvement. Net margin reached 2.8%.
- For full year 2017, Grupo Aeromexico´s revenue reached
$61.5 billion pesos, a 14.0% increase
compared to the same period of 2016. EBITDAR reached $14.8 billion pesos, a 7.9% year-on-year
improvement. EBITDAR margin was 24.1%.
- Grupo Aeromexico reported an operating profit of $3.1 billion pesos, with an operating margin of
5.1% for the full year 2017. Grupo Aeromexico delivered a net
profit of $18 million pesos in
2017.
- 2017 full year cash flow generation remained strong with
$6.4 billion pesos in incremental net
cash flow generated from operating activities. Aeromexico's cash
position as of December 31, 2017 was
$11.9 billion pesos. This brings
Grupo Aeromexico's cash to last-twelve-month revenue ratio to
19.3%.
- During the quarter, the Company incorporated five aircraft into
its fleet under operating lease agreements and one under a finance
lease agreement. As of December 31,
2017 Grupo Aeromexico's operating fleet comprised 131
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.
CONFERENCE CALL
DETAILS
|
|
DATE:
|
Grupo Aeromexico will
hold its 4Q17 results call on February 21, 2018
|
|
|
TIME:
|
11:00 am ET/10:00 am
Mexico City & Central Time
|
|
|
SPEAKERS:
|
Andrés Conesa
Labastida, CEO
|
|
Ricardo Sánchez
Baker, CFO
|
|
|
To participate in the
conference call, please dial:
|
|
|
Toll Free
US
|
+1
877-407-9124
|
Toll
International
|
+1
201-689-8584
|
|
Registration is
required; please dial in at least ten minutes prior to the
scheduled start time.
|
|
The conference call
will be available for replay until March 21, 2018 at 11:00
AM:
|
|
Toll Free
US
|
+1
877-481-4010
|
Toll
International
|
+1
919-882-2331
|
|
Replay Conference ID
Number: 24707
|
|
The conference call
replay can also be accessed via Grupo Aeromexico's Investor
Relations website:
https://aeromexico.com/en-us/investors.
|
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, Mexico´s global airline, operates more than
600 daily flights and its main hub is in Terminal 2 at the
Mexico City International Airport.
Its destinations network features more than 90 cities on three
continents, including 44 destinations in Mexico, 18 in the
United States, 15 in Latin
America, 4 in Canada, 4 in
Europe, and 3 in Asia.
The Group's operating fleet of more than 120 aircraft is
comprised of Boeing 787, 777 and 737 jet airliners and next
generation Embraer 170 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
Dreamliner's.
As a founding member of the SkyTeam airline alliance,
Aeromexico offers customers more than 1,000 destinations in 177
countries served by the 20 SkyTeam airline partners rewarding
passengers with benefits including access to 636 premium airport
lounges around the world. Aeromexico also offers travel on its
codeshare partner flights with Delta Air Lines, Air France-KLM,
Avianca, Copa Airlines and WestJet, with extensive connectivity in
countries like the United States,
Brazil, Canada, Colombia and Peru.
https://aeromexico.com/en-us
https://www.skyteam.com/en
http://disfrutaam.tumblr.com/
View original
content:http://www.prnewswire.com/news-releases/aeromexico-reports-4q17-results-300601557.html
SOURCE Grupo Aeromexico S.A.B. de C.V.