Grupo Aeromexico reported first-quarter net income of MXP161 million ($9 million), down 12.6% from a net profit of MXP185 million in the year-ago period. The Mexico flag carrier cited the positive aspect of lower fuel costs and the negative impact of the Mexican peso depreciating against the US dollar for the results. During the first quarter, the peso depreciated 20.9% relative to the dollar. First-quarter revenue increased 12.9% to MXP12.06 billion, while expenses rose 12.4% to MXP11.4 ...

Subscribe to Access this Entire Article

"Aeromexico reports $9 million net profit in 1Q " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.