GRPAQ - Aeromexico's November traffic down 60.5%

Grupo Aeromexico (GRPAQ) reports revenue per kilometers declined 60.5% Y/Y and rose 6.5% M/M to 1.293B in November.Domestic RPKs -20.9% and international RPKs -77.8%.Capacity dropped 46.5% to 2.128B available seat kilometers. Domestic capacity -17.2% and international capacity -60%.November load factor down 1,530 bps to 67%.YTD load factor decreased 1,320 bps to 70%.Passengers transported decreased 43.7% to 926K.In December 2020, the company plans to expand its operation between Mexico and the United states on the following routes: Mexico City: Chicago, Denver, Houston, Los Angeles, Las Vegas, Orlando, San Antonio, Miami, New York, San Francisco, and will also resume services to Seattle. Guadalajara: Chicago, Fresno, Los Angeles, San Francisco, and Sacramento.

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Aeromexico's November traffic down 60.5%