Grupo Aeromexico reported MXP28 million ($1.5 million) in net income for the 2016 second quarter, down 72.5% from its MXP102 million net profit in the year-ago period. The Mexico flag carrier cited the positive aspect of reduced fuel prices and the negative impact of the Mexican peso’s depreciation against the US dollar as factors behind the second-quarter results. During the second quarter, the peso depreciated by an average of 18.3% year-over-year (YOY) relative to the US dollar. ...

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