Aeromexico Reports First Quarter 2014 Results

MEXICO CITY, April 29, 2014 /PRNewswire/ — Grupo Aeromexico S.A.B de C.V. (“Aeromexico”) (BMV: AEROMEX), the largest airline in Mexico, today reported its unaudited consolidated results for the first quarter 2014.

KEY FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2014

Grupo Aeromexico reported total revenues of $9.777 billion pesos; a 6.6% year-on-year increase.

The cost of available seat kilometers (CASK) excluding fuel decreased 3.6% year-on-year in the first quarter 2014, representing the fifth consecutive quarter with a year-on-year decrease in this indicator.

First quarter 2014 EBITDAR reached $1.393 billion pesos, with a 14.2% margin. Operating income was $31 million pesos.

Grupo Aeromexico reported a net loss of $90 million pesos in the first quarter 2014, which compares favorably to the net loss of $122 million reported in the first quarter of 2013.

Grupo Aeromexico retired two Boeing 737-700 from its fleet, both under a pure lease agreement. Grupo Aeromexico’s operating fleet therefore consisted of 115 aircraft as of March 31, 2014.

First quarter load factor reached 79.3%; a 5.8 percentage point increase compared to the first quarter of 2013.

To access the full text of this earnings release, please visit our Investor Relations website at: http://www.aeromexico.com/investors/welcome.html