Grupo Aeromexico reported a 2016 net profit of MXP1.1 billion ($53.8 million), down 3.9% from MXP1.2 billion net income in 2015. The company said the year’s financial results reflected the negative impact of Mexican peso depreciation against the US dollar, combined with increased fuel prices. Grupo Aeromexico’s full-year revenue increased 14.9% to MXP53.9 billion, while expenses grew 14.7% to MXP50.4 billion. The group’s operating profit for the year totaled ...

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