EconomyFinancialAeroméxico reaches 79% of pre-pandemic income, but does not...

Aeroméxico reaches 79% of pre-pandemic income, but does not come out of losses

During the first quarter of the year, Aeroméxico registered total revenues of 12,902 million pesos (mdp), which represented an increase of 88.4% compared to the same period last year, and were equivalent to 79% of sales recorded in the first three months. of 2019.

In the financial report for the period sent to the Mexican Stock Exchange (BMV), the airline also reported an operating flow –or Ebitda– of 2,992 million pesos, which represented an improvement compared to the Ebitda of -398 million pesos in 2021. However, , the company could not reach a profit period, since it had a net loss of 3,095 million pesos.

Aeroméxico also recorded net benefits from restructuring of the order of 1,600 million pesos, related to the conclusion of its exit process from Chapter 11 and non-recurring items.

“Restructuring benefits primarily included the valuation of unsecured general claim liabilities at fair value , previously recognized at amortized cost, for balances incurred prior to the Chapter 11 restructuring process,” the airline said in its statement. financial state.

Although the company recorded an operating loss of 763.4 million pesos, this represented an improvement of 2,681.3 million pesos compared to the first quarter of 2021, when it had an operating loss of 3,445 million pesos.

On March 17, Aeroméxico announced the conclusion of its restructuring under Chapter 11 of the US Bankruptcy Code, after one year and nine months of intense negotiations with shareholders, creditors and workers. During the period, the company made a series of payments that totaled 7,895 million pesos for Chapter 11.

At the end of the period , Aeroméxico’s operating fleet was 134 aircraft, which represented an increase of 26% year-on-year and higher than the 127 it had in the first quarter of 2019.

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