Grupo Aeromexico S.A.B. De C.V. Releases Results for the Fourth Quarter and Full Year 2012

 Grupo Aeromexico S.A.B. De C.V. Releases Results for the Fourth Quarter and
                                Full Year 2012

PR Newswire

MEXICO CITY, Feb. 11, 2013

MEXICO CITY, Feb. 11, 2013 /PRNewswire/ --Grupo Aeromexico S.A.B. De C.V.
(BMV: AEROMEX) (Grupo Aeromexico or the Company), the largest intercontinental
airline in Mexico, today reported consolidated unaudited results for the
fourth quarter and full year 2012.

  oNet 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.
    
  oFourth 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.
    
  o2012 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%.
    
  oGrupo 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.
    
  oCost 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.
    
  oDuring 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.
    
  oGrupo 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.

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

Grupo Aeromexico will hold its fourth quarter and full year 2012 results
conference call on Thursday, February 14, 2013 at 11:00 am U.S. ET (10:00 am
Mexico City Time). The conference call can be accessed by dialing
USA/International +1 (719) 457-6787, Mexico: 001800-514 5956 and entering
passcode: 4459558.

About Grupo Aeromexico
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City
International Airport. The Group's airlines operate over 550 daily flights to
different cities in Mexico, the United States, Canada, Central and South
America, and Europe and Asia. Aeromexico is a founding member of SkyTeam, the
global airline alliance comprised of 15 airlines.

Safe Harbor Statement
This release contains forward-looking statements regarding the Company's
results and business prospects. The readers should know that the results
obtained may differ from that stated on this release. Past performances do not
guarantee the behavior of future performances. The Company undertakes no
obligation to update any of these statements, either as a result of new
information, future actions or other related events.

SOURCE Grupo Aeromexico S.A.B. De C.V.

Website: http://www.aeromexico.com
Contact: Grupo Aeromexico S.A.B. De C.V., +52 (55) 9132 4257
 
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