GRPAQ - Aeromexico's traffic decline ~58% in February

Grupo Aeromexico (GRPAQ) reports revenue per kilometers fell 57.9% Y/Y to 1.292B in February.Domestic RPKs -15.2% and international RPKs -74.6%.Capacity contracted 46.4% Y/Y to 2052B available seat kilometers. Domestic capacity -18.4% and international capacity -57.5%.February load factor squeezed 1,400 bps to 66.1%.Passengers transported slipped 39.7% to 898K.The Company will use the advantages of Chapter 11 to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to face the impact of COVID-19.

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Aeromexico's traffic decline ~58% in February