Operating profit at Grupo Aeroméxico has fallen by 32.2% to MXP2.5 billion ($197.1 million), although revenue increased by a record 10.5% to MXP39.5 billion. Net income was down 25.3% to MXP1.3 billion. Operating expenses rose 15.5% to MXP37 billion, mainly due to a 6% increase in the number of operations, a 10.2% increase in Mexican peso denominated fuel prices, a 5.8% depreciation of the Mexican peso in relation to the US dollar and the effects of financial consolidation of Aeroméxico Cargo operations. The group flew 3.7% more passengers in 2012 to 23.4 billion RPKs, with ASKs up by 6%. As

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