GRPAQ - Aeromexico's traffic dropped 51.1% in January

Grupo Aeromexico (GRPAQ) reports revenue per kilometers declined 51.1% Y/Y and -0.7% M/M to 1.741B in January.Domestic RPKs -8.4% and international RPKs -66.2%.Capacity down 38.1% Y/Y and up 4.9% M/M to 2.746B available seat kilometers. Domestic capacity -8.9% and international capacity -49.8%.January load factor slipped 1,490 bps to 65.4%.Passengers transported down 33.8% to 1,092K.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 dropped 51.1% in January