Grupo Aeromexico blames 737 Max grounding for financial decline

Grupo Aeromexico’s second-quarter 2019 revenue stood at $16.8 billion pesos representing a 2.6% slump from the same period last year. During the quarter revenue per ASK (RASK) decreased by 0.4% compared to the same period of 2018. Second-quarter capacity measured in available seat kilometres (ASKs) decreased by 2.2% year-on-year, resulting from planned capacity reductions as well as the temporary grounding of the 737 Max 8 aircraft. The company says it is continuing to assess the financial impact of both the grounding of the 737 Max aircraft in its fleet and the current and expected future delays in delivery of additional