Advertisement
Canada markets open in 4 hours 5 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7327
    +0.0004 (+0.05%)
     

  • CRUDE OIL

    83.70
    +0.13 (+0.16%)
     

  • Bitcoin CAD

    87,977.17
    +542.95 (+0.62%)
     

  • CMC Crypto 200

    1,391.02
    -5.52 (-0.40%)
     

  • GOLD FUTURES

    2,363.50
    +21.00 (+0.90%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,725.50
    +158.00 (+0.90%)
     

  • VOLATILITY

    15.60
    +0.23 (+1.50%)
     

  • FTSE

    8,109.69
    +30.83 (+0.38%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6820
    -0.0001 (-0.01%)
     

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

Reuters
·1 min read
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)