Aeromexico 737-700. Courtesy, AM Grupo Aeromexico (AM) posted a 2011 net profit of MXP2.08 billion ($162.3 million) on strong revenue gains as the benefits to AM stemming from the demise of rival Mexicana in August 2010 become apparent. AM's 2011 net earnings were down 10.8% from an MXP2.33 billion net profit in 2010, a dip the company blamed on nonrecurring items. Full-year revenue surged 27.5% to MXP35.81 billion, enough to mostly offset a 31.1% rise in expenses to MXP28.7 ...

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