Grupo Aeromexico (AM) has reported first-quarter consolidated net income of MXP $135 million ($10.4 million), down 49% on the year-ago period.
Aeromexico 737-700. Courtesy, AM Grupo Aeromexico (AM) has reported first-quarter consolidated net income of MXP $135 million ($10.4 million), down 49% on the year-ago period. Revenue increased 17% to a record MXP$9.2 billion ($701 million). AM said the results were affected by a peso depreciation of 8%. Revenue increases were mainly due to a 16% improvement in passenger revenues and a 106% increase in cargo revenues. First-quarter operating profit is ...
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