Aeromexico outlook further improves following record 1Q2011 profit
Aeromexico’s financial results continue to show dramatic signs of improvement as the newly publicly-traded company exploits its status as Mexico’s only remaining legacy carrier. Grupo Aeromexico, which began trading in the Mexican stock exchange earlier this month, has reported net income of MXN465 million (USD40 million) for 1Q2011. The airline group says this represents its highest profit for the first quarter, which is typically its weakest, in at least 15 years.
