|Bid||4.1500 x 87400|
|Ask||4.2000 x 389800|
|Day's Range||4.1000 - 4.2300|
|52 Week Range||2.0000 - 17.4800|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 20, 2020 - Oct 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.62|
Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX) today announced that the Company received approval by the United States Bankruptcy Court for the Southern District of New York to modify the majority of its existing aircraft equipment leases into power by the hour agreements ("PBH Agreements") that will substantially reduce Aeromexico's monthly aircraft and engine costs for the duration of the PBH period. PBH Agreements allow for Aeromexico to reset monthly lease costs based on utilization of the equipment at today's market rates, with significant monthly savings, when compared to Aeromexico's original contracted rates. Such PBH Agreements were entered into between Aeromexico and 27 different leasing companies covering 82 aircraft and 14 spare engines.
* It is the first time that Hong Kong connects directly with Mexico. * The flight traveled more than 14 thousand kilometers with an Aeromexico Boeing 787 Dreamliner aircraft. Mexico City, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Aeromexico registered a new record with the longest-range flight in the history of Mexican aviation. This is the first direct operation of the company between Hong Kong International Airport and Mexico City, with a distance of 14,170 kilometers, 55 more than its recent flight between Shenzhen, China, and the country’s capital. One of the 19 airline's Boeing 787 aircraft was used as a private charter operation to transport cargo even in the passenger cabin. This airplane is one of the most modern, efficient, and least polluting in the world. It produces 57% less noise pollution on takeoff and landing, and 20% less carbon dioxide (CO2) emissions, compared to other aircraft.The plane took off from Mexico City International Airport on September 9 to Seoul, South Korea, where it made a technical stopover to land on September 10 in Hong Kong. Later, it departed to Mexico City and landed this morning after more than 15 hours of flight.“I remain convinced that challenges represent new opportunities. Thanks to our customers, the Hong Kong Government, and the airport authorities, today, we reach a new goal in our 86-year history. Hong Kong becomes the sixth destination we have operated in the Asian continent, and the longest flight we have served. I thank the Aeromexico family for continuing to take the name of Mexico to the top”, said Andres Conesa, CEO Aeromexico. Stephen Phillips, Director-General of Investment Promotion at Invest Hong Kong, said: “It is very exciting to see Aeromexico’s new direct freight route between Hong Kong and Mexico come into operation today. This is a testament to Hong Kong's status as the premium international aviation hub in Asia. With its strategic location and unrivalled proximity to Mainland China and many important markets in Asia, Hong Kong offers the best connectivity to airliners that want to have a solid foothold in this part of the world. I wish Aeromexico business every success in Hong Kong and beyond."Aeromexico Cargo operates in more than 40 airports in Mexico and multiple international destinations in the US, Canada, Central, and South America, Asia, and Europe. The most common cargo is perishable products, live animals, high-value goods, technology, medicines and medical supplies, among others. oo0oo Additional Information: Aeromexico Cargo Health and Sanitization Management System was created by Aeromexico with the highest standards worldwide to protect the health of its clients and internal teams during all stages of its operations. About Grupo Aeromexico Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline has its main hub at Terminal 2 at the Mexico City International Airport. Its destinations network features the United States, Canada, Central America, South America, Asia and Europe. The Group's operating fleet is comprised of Boeing 787 and 737 jet airliners and Embraer 190 models. Aeromexico is a founding member of the SkyTeam airline alliance, which celebrated its 20th anniversary, and serves in 170 countries by the 19 SkyTeam airline partners. Aeromexico created and implemented a Health and Sanitization Management System (HSMS) to protect its customers and employees at all steps of its operations. Media ContactAeromexico’s Corporate Communicationsamcomunicacioncorporativa@aeromexico.comAttachments * Aeromexico in HK * Aeromexico in HK 2 CONTACT: Aeromexico’s Corporate Communications Aeroméxico firstname.lastname@example.org
Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX) today reported August 2020 operational results.