Grupo Aeromexico, S.A.B. de C.V. Announces Key Financial Results for Fourth Quarter 2012

 Grupo Aeromexico, S.A.B. de C.V. Announces Key Financial Results for Fourth
                                 Quarter 2012

  PR Newswire

  MEXICO CITY, Feb. 12, 2013

MEXICO CITY, Feb. 12, 2013 /PRNewswire/ --

  *Net income during the fourth quarter 2012 was MXP $612 million; an
    increase as compared to the MXP $294 million net income reported for the
    same period in 2011. Full year net income was MXP $1,323 million despite
    record-high fuel prices and the negative impact of a 5.8% exchange rate
    depreciation.

  *Fourth quarter operating profit before other non-operating revenues and
    expenses was MXP $356 million, with a 3.6% margin. 2012 operating profit
    before other non-operating revenues and expenses was MXP $2,529 million,
    with a 6.4% margin. Operating margin was 6.5%, excluding the effect of
    Aeromexico Cargo consolidation.

  *2012 EBITDAR was MXP $6,811 million, the second highest annual EBITDAR in
    the Company's history, despite negative impacts related to the fuel price
    increase and the aforementioned exchange rate depreciation. EBITDAR margin
    was 17.2%; after adjusting for the cargo consolidation effect, this margin
    was 17.6%.

  *Grupo Aeromexico reported record revenues of MXP $39,569 million in 2012;
    10.5% growth year-over-year. This growth was driven primarily by increased
    yields, higher passenger flows and an increase in cargo revenues. Fourth
    quarter revenues reached MXP $9,897 million; a 1.7% increase year on year.

  *Cost per available seat kilometer (CASK) excluding fuel and adjusting for
    the accounting effect of consolidating Aeromexico Cargo (AM Cargo),
    increased 5.4% in 2012 compared to last year. This is primarily due to the
    exchange rate depreciation. This indicator, expressed in U.S. dollars,
    decreased 1.7%. CASK in pesos, excluding fuel and the cargo business
    consolidation, grew 3.7% in the fourth quarter as compared to the same
    period last year.

  *During the year, Grupo Aeromexico executed the most ambitious investment
    program in the Company's history, making payments of MXP $4,261 million in
    fixed assets investments, aircraft purchase prepayments, guarantee
    deposits and the amortization of debt not related to the purchase of
    aircraft. The Company's cash position as of December 31, 2012 was MXP
    $3,452 million.

  *Grupo Aeromexico took delivery of eight new Embraer-190 in 2012. Six of
    these were delivered as part of the aircraft acquisition program through
    the BNDES credit line and two were delivered through operating leases. The
    Company also took delivery of three Boeing 737-800 through US Ex-Im Bank
    financing. Three Embraer 170 aircrafts also were added to the fleet
    through operating leases. Additionally, two Boeing 737-800, one Boeing
    767-200 and one Embraer E-145 aircraft were re-delivered.

Contact: Investor Relations, +52-55-9132-4257,
investor.relations@aeromexico.com.mx
 
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