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Mexican carrier Aeromexico expects longer flight cuts from Mexico City

By Kylie Madry MEXICO CITY (Reuters) - Mexican airline Aeromexico expects flight restrictions out of the capital's main airport to drag out longer than planned due to repairs, the...

By Kylie Madry

MEXICO CITY (Reuters) - Mexican airline Aeromexico expects flight restrictions out of the capital's main airport to drag out longer than planned due to repairs, the carrier's chief executive told press on Wednesday.

In August, Mexican authorities said they had come to an agreement with airlines to cut flights out of the Benito Juarez International Airport by 15% during peak hours for the winter season.

"It looks pretty unlikely that the (repairs) will be done in six months," said CEO Andres Conesa following a panel at a business conference. "It's a huge project, from Terminal 2 to the taxiways," he said.

The cuts at Mexico City's hub come as Mexican airlines feel the pressure to open or expand flights from the six-month-old Felipe Angeles International Airport on the outskirts of town, one of President Andres Manuel Lopez Obrador's flagship projects.

Mexico City has long struggled with oversaturation at the existing hub, and Felipe Angeles and the forgotten Toluca Airport to the west of town have been touted by Lopez Obrador and officials as solutions.

"These repairs are important, because investments into the airport's upkeep were lacking for a long time," said Conesa. "If (the restrictions) have to be extended another season, we'll do it."

In the meantime, Aeromexico will focus on flights out of other large Mexican cities such as Guadalajara and Monterrey, the executive said.

Aeromexico's expansion plans also depend on the U.S. Federal Aviation Administration's Category 2 rating for Mexico, Conesa said, a downgrade made more than a year ago which currently prohibits Mexican airlines from opening new routes to the United States. "The damage done by that is significant."

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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