Grupo Aeromexico posts record revenues for first quarter

Grupo Aeromexico, the largest intercontinental airline in Mexico, has reported record revenues of $9.174 billion pesos in the first quarter 2013; a 0.4% year-on-year increase, despite the fact that the quarter was one day shorter than that of the previous year. The cost of available seat kilometers (CASK) excluding fuel decreased 3.0% year-on-year in the first quarter 2013 due to the Company’s successful cost containment strategies. When expressed in U.S. dollars, CASK, excluding fuel, decreased 0.4% despite first quarter Mexican peso/ U.S. dollar depreciation. First quarter EBITDAR reached $1.259 billion pesos, with a 13.7% margin. Operating income was $189 million