The Aeromexico group posted a loss of 2,1 billion US dollars last year. The company filed Chapter 2020 litigation in the United States in late June 11.
The group of companies is convinced that the turnaround will be achieved this year. However, due to the ongoing corona crisis, this is likely to be quite difficult. In the previous year, Aeromexico reduced capacity by 50 percent and recorded a 61,3 percent drop in demand. According to the announcement, the occupancy rate was 70,3 percent. 9,8 million travelers were carried, eleven million fewer than in 2019.
The airline states the cash balance as of December 31, 2020 at 399 million US dollars and emphasizes that the flights will also be carried out during the Chapter 11 proceedings. EBITDAR was deep red at $ 6,8 billion.