Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7387
    +0.0000 (+0.00%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    95,880.55
    +1,768.61 (+1.88%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ futures

    18,465.00
    -38.75 (-0.21%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,343.58
    +175.51 (+0.44%)
     
  • CAD/EUR

    0.6847
    +0.0004 (+0.06%)
     

Aeromexico posts third-quarter net loss of almost $109 million

Aeromexico airplanes are pictured at the Benito Juarez International airport, in Mexico City

MEXICO CITY (Reuters) - Grupo Aeromexico, which operates Mexico's largest airline, reported on Tuesday a net loss of 2.24 billion pesos ($108.7 million) in the third quarter, versus a net loss of 2.88 billion pesos from the same period last year.

Aeromexico, which has been undergoing a reorganization under Chapter 11 of the Bankruptcy Code in the United States, posted 13.23 billion pesos in revenue for the third quarter, up from 4.67 billion a year earlier.

"Despite the complex environment, the market has shown signs of recovery," Aeromexico said in a filing with the Mexican stock exchange.

The airline said its total capacity, as measured in available seat kilometers (ASKs), increased 24.8% compared to the second quarter of 2021, driven by the recovery of 35.4% in capacity assigned to the international market and 11.6% to the domestic market.

($1= 20.642 pesos at end-September)

(Reporting by Noe Torres and Anthony Esposito; Additional reporting by Jake Kincaid; Editing by Cassandra Garrison and Aurora Ellis)