Aeromexico Plans U.S. Expansion Following Profitable Third Quarter

Aeromexico recorded another strong profit in it's third quarter this year and is expected to continue to grow in Mexico, despite the worldwide recession. "Mexico's last legacy airline is planning to increase capacity by another 12% to 13% in 2012, which is driven partially by the launch of several new routes within Mexico and to the U.S." This expansion of Aeromexico’s U.S. network is made possible by its expanded partnership with Delta, which will be formalized over the next few weeks and will result in Delta taking a 4% stake in its SkyTeam partner. As for the CEO of AeroMexico, Andres Conesa has shown confidence that the market will absorb the planned capacity increases, telling analysts the Mexican economy remains relatively strong despite the global economic challenges. “The economic perspective in Mexico remains relatively solid,” he says, pointing out that Mexico’s GDP is still expected to grow by 3.8% in 2011.