Aeromexico passenger traffic reaches highest post-pandemic level – Reuters

An Aeromexico Boeing 737 MAX 9, part of the new airplanes incorporated to its fleet, is pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021. REUTERS/Luis Cortes

MEXICO CITY, Jan 6 (Reuters) – Passenger traffic at Grupo Aeromexico (AEROMEX.MX) in December reached its highest level since the start of the COVID-19 pandemic, the Mexican airline said on Thursday.

Aeromexico transported 1.74 million passengers last month, or 98.9% of the 1.76 million people it moved in December 2019, the company said in a statement.

Aeromexico’s total offer, measured in available seat-kilometers (ASKs), was equivalent to 82.6% of the capacity of December 2019, the company said.

Domestic capacity was up 13.6% from December 2019, while international capacity was 70.7% of that month.

Aeromexico filed for Chapter 11 bankruptcy protection in the United States in 2020 as demand cratered amid the pandemic. In December it unveiled details of a tender offer valuing its outstanding shares near zero as part of its reorganization plan, sparking a sell-off in the stock. read more

The positive traffic figures did nothing to help the airline’s long-suffering stock price, as the shares slumped 6.5% to 2.31 pesos in their seventh straight daily drop.

Reporting by Valentine Hilaire; Editing by Nick Zieminski and Mark Porter

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