Grupo Aeroméxico posted a second-quarter consolidated net profit of MXP101 million ($6.4 million), reversed from a MXP89 million net loss in the year-ago quarter. The positive second-quarter result marks four consecutive quarters of profitable net income for the Mexico City-based airline.

Revenues increased 8.9% YOY to MXP11.28 billion as operating costs rose 3.2% year-over-year (YOY) to MXP8.89 billion. The airline’s operating profit for the quarter came in at MXP401 million, a 76.9% YOY jump.

Grupo Aeroméxico’s second-quarter revenue results were “primarily due to an increase in passenger revenues, higher cargo and other ancillary revenues [but] partially offset by a decline in charter revenues [down 64.7% YOY, reflecting the drop in charter traffic since 2014’s World Cup],” the company said.

“[The] results reflect the positive impact of reduced fuel prices and the negative impact of Mexican peso depreciation against the US dollar,” Aeroméxico said. The airline reported its CASK in pesos decreased 5.9% YOY while CASK in dollars decreased 20.2% YOY.

Passenger traffic grew 15.6% YOY to 8.13 billion RPKs on a 14.6% increase in capacity to 10.22 billion ASKs, resulting in a second-quarter load factor of 79.6%, down 0.3 point YOY. The airline reported that its international capacity increased 17.5% YOY as two Boeing 787-8 Dreamliners were incorporated into the fleet during the quarter.

Yield slid 7.1% YOY to MXP1.251. CASK ex-fuel in US dollars was down 11.6% YOY to 5.1 cents. Second-quarter cargo revenue was up 21.8% YOY to MXP744 million, which the company attributed to the introduction of the two new 787-8 Dreamliners into Aeroméxico’s fleet.

The carrier retired five leased aircraft during the quarter: a Boeing 767, a 737-700 and three Embraer ERJ-145s. Four new leased aircraft—three 737-800s and an E-170-175—were added to the airline’s fleet during the quarter.

As of June 30, Grupo Aeroméxicohad 125 aircraft in its combined fleet. Aeroméxico has seven 787s, four 777s, two 767s, 22 737-700s, and 29 737-800s in its fleet. Aeroméxico Connect has 20 ERJ 145s, 11E-170/175s E-Jets and 30 E-190 E-Jets.