Aeromexico Announces Third Quarter Profits

DALLAS – Grupo Aeromexico, the parent of Mexican carrier Aeromexico (AM), has announced a return to profitability in the third quarter of 2022.

The company reported a third-quarter profit of Ps210 million (US$10.5 million) from July to September, traditionally Mexico’s high season. This compares to a loss of Ps2.2 billion (US$110 million). Revenue of Ps21.4 billion (US$1.07 billion) was also reported, up 62% on the same period last year.

Improving Numbers

According to Grupo Aeromexico, around 47% of AM’s revenue came from international passenger tickets. Approximately 32% came from domestic transportation; the rest comprised cargo operations and charter flights.

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Source:: “Airways Magazine”

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