MEXICO CITY, Feb. 21, 2017 /PRNewswire/ — Grupo Aeromexico S.A.B. de C.V. (“Aeromexico”) (BMV: AEROMEX), today reported its unaudited consolidated results for the fourth quarter 2016 (4Q16).

KEY FINANCIAL HIGHLIGHTS FOR THE FOURTH QUARTER 2016

• Grupo Aeromexico’s fourth quarter 2016 revenues reached $15.0 billion pesos; a 19.5% year on-year increase. Total revenues in 2016 reached $53.9 billion pesos; a 14.9% increase compared to 2015.

• Grupo Aeromexico reported a fourth quarter operating profit of $1.1 billion pesos; a 6.0% year-on-year increase. Operating margin reached 7.1%. This represents the twenty seventh consecutive quarter of positive EBIT results.

• For the full year 2016, Grupo Aeromexico reported an operating profit of $3.6 billion pesos; 17.8% more than in 2015. Operating margin reached 6.6%; 0.1 percentage points higher than in 2015.

• EBITDAR reached $3.7 billion pesos during the quarter; a 15.3% increase compared to the prior year. EBITDAR margin amounted to 24.6%. For the full year, EBITDAR reached $13.7 billion pesos; a 21.6% increase year-on-year.

• Net income reached $1.1 billion pesos with a 2.1% margin for 2016.

• These financial results reflect the negative impact of increased fuel prices and of Mexican peso depreciation against the US dollar. CASK in pesos increased by 10.9%, while CASK in dollars decreased 6.4% during the quarter. CASK excluding fuel in pesos increased by 6.9% while CASK excluding fuel in dollars decreased 9.8%, highlighting Grupo Aeromexico´s ongoing focus on optimizing unit costs.

• Cash flow generation remained strong in 2016, with $9.6 billion pesos incremental net cash flow generated from operating activities. The total cash balance at the end of the year reached $10.2 billion pesos, equivalent to 18.9% of annual revenues.

• During the quarter, the Company added four aircraft to its fleet under operating lease agreements: one Boeing 787-9 and three Embraer 190. Additionally, the Company took delivery of two Boeing 787-9 under JOLCO (Japanese Operating Leases with a Call Option) agreements. Grupo Aeromexico’s operating fleet therefore was comprised of 133 aircraft; an increase of eight aircraft compared to the fourth quarter 2015.

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).

To access the full text of this earnings release, please visit Aeromexico’s Investor Relations website at: https://www.aeromexico.com/investors/welcome.html

The conference call replay can also be accessed via Grupo Aeromexico’s Investor Relations website: https://aeromexico.com/investors/welcome.html

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 80 cities on three continents, including 45 destinations in Mexico, 17 in the United States, 15 in Latin America, 3 in Canada, 4 in Europe, and 2 in Asia.

The Group’s fleet of more than 130 aircraft is comprised of Boeing 787, 777 and 737 jet airliners and next generation Embraer 145, 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, Alaska Airlines, Avianca, Copa Airlines and WestJet, with extensive connectivity in countries like the United States, Brazil, Canada, Colombia and Peru.

www.aeromexico.com www.skyteam.com https://disfrutaam.tumblr.com/

 

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