Grupo Aeroméxico narrows losses in 1Q

Credit: By Rob Finlayson
Grupo Aeroméxico posted a first-quarter net loss of MXP90 million ($6.9 million), narrowed from a MXP122 million net loss in the 2013 first quarter. Revenues increased 6.6% year-over-year to MXP9.78 billion despite a 3.6% decrease in CASKs, ex-fuel, to MXP0.733. Operating expenses grew 8.5% to MXP9...

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