Mexico's watchdog approves Aeromexico's deal with DeltaStaff writer ▼ | May 3, 2016
Mexico's federal competition commission (Cofece) approved Aeromexico's deal with Delta with certain conditions.
Airlines Aeromexico EBITDAR reached $3.1 billion pesos
In its latest earnings reports on April 25, Grupo Aeromexico said that first quarter 2016 revenues reached $12.1 billion pesos, a 12.9% year onyear increase.
Grupo Aeromexico reported an operating profit of $641 million pesos, a 24.6% year-on-year increase. Operating margin reached 5.3%, a 0.5 percentage point improvement compared to the same period of 2015. This represents the 24th consecutive quarter of positive EBIT results.
During the quarter, EBITDAR reached $3.1 billion pesos, a 27.8% increase compared to the prior year. EBITDAR margin amounted to 25.5%, a 3.0 percentage point increase compared to the first quarter of 2015.
Net income reached $161 million pesos with a 1.3% margin for the first quarter 2016. ■