- Aeroméxico April 2026 Traffic Results
May 7, 2026 · globenewswire.com
MEXICO CITY, May 07, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its April 2026 operational results:
- AEROMÉXICO APRIL 2026 TRAFFIC RESULTS
May 7, 2026
MEXICO CITY, MAY 07, 2026 (GLOBE NEWSWIRE) -- GRUPO AEROMÉXICO S.A.B. DE C.V. (NYSE: AERO & BMV: AERO) (“AEROMÉXICO”) REPORTS ITS APRIL 2026 OPERATIONAL RESULTS:
- Aeromexico Recognizes Progress Made in Negotiations with the U.S. Department of Transportation
May 5, 2026 · globenewswire.com
MEXICO CITY, May 05, 2026 (GLOBE NEWSWIRE) -- Aeromexico acknowledges the efforts and leadership of Mexico's authorities, led by the Secretaria de Relaciones Exteriores (SRE), Secretaria de Infraestructura, Comunicaciones y Transportes (SICT), and the Agencia Federal de Aviacion Civil (AFAC), in advancing negotiations with the United States Department of Transportation (DOT).
- AEROMEXICO RECOGNIZES PROGRESS MADE IN NEGOTIATIONS WITH THE U.S. DEPARTMENT OF TRANSPORTATION
May 5, 2026
MEXICO CITY, MAY 05, 2026 (GLOBE NEWSWIRE) -- AEROMEXICO ACKNOWLEDGES THE EFFORTS AND LEADERSHIP OF MEXICO'S AUTHORITIES, LED BY THE SECRETARIA DE RELACIONES EXTERIORES (SRE), SECRETARIA DE INFRAESTRUCTURA, COMUNICACIONES Y TRANSPORTES (SICT), AND THE AGENCIA FEDERAL DE AVIACION CIVIL (AFAC), IN ADVANCING NEGOTIATIONS WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION (DOT).
- Aeroméxico files Annual Report on Form 20-F
Apr 30, 2026
MEXICO CITY, April 30, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico” or the “Company”) announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the United States Securities and Exchange Commission. The report is required due to the Company’s ongoing listing of American Depositary Shares in the United States.
This report is available on the Company’s Investor Relations website at ir.aeromexico.com. Any shareholder of the Company may request a printed copy of the report, including the audited financial statements for the fiscal year ended December 31, 2025, free of charge, by contacting Aeroméxico’s Investor Relations department at the email address above.
About Grupo Aeroméxico
Grupo Aeroméxico, 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. Aeroméxico, Mexico's global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group's current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeroméxico is a founding partner of SkyTeam, an alliance that celebrates more than 20 years and offers connectivity in more than 145 countries, through the 18 partner airlines. (www.aeromexico.com / www.skyteam.com)
CONTACT: Investor Relations
Corporate Communications aminvestorrelations@aeromexico.com
amcomunicacioncorporativa@aeromexico.com
- Aeroméxico files Annual Report on Form 20-F
Apr 30, 2026 · globenewswire.com
MEXICO CITY, April 30, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico” or the “Company”) announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the United States Securities and Exchange Commission. The report is required due to the Company's ongoing listing of American Depositary Shares in the United States.
- AEROMÉXICO FILES ANNUAL REPORT ON FORM 20-F
Apr 30, 2026
MEXICO CITY, APRIL 30, 2026 (GLOBE NEWSWIRE) -- GRUPO AEROMÉXICO S.A.B. DE C.V. (NYSE: AERO & BMV: AERO, “AEROMÉXICO” OR THE “COMPANY”) ANNOUNCED TODAY THAT IT HAS FILED ITS ANNUAL REPORT ON FORM 20-F FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025, WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION. THE REPORT IS REQUIRED DUE TO THE COMPANY'S ONGOING LISTING OF AMERICAN DEPOSITARY SHARES IN THE UNITED STATES.
- Grupo Aeromexico Q1 Earnings Call Highlights
Apr 23, 2026
Key Points
Q1 results: Grupo Aeroméxico reported revenue of $1.34B (+13.3% YoY), unit revenues +15%, adjusted EBITDA of $336M (25% margin) and an operating margin of 11%, with liquidity above $1.2B and adjusted net debt/EBITDA improved to 1.7x. Fuel pressure and Q2 outlook: Management expects fuel to weigh on the second quarter but to recapture roughly 50% of incremental fuel costs in Q2 (rising to ~70% in Q3 and 100% in Q4); Q2 guidance calls for capacity +1.5–2.5%, revenue +12.5–15.5%, adjusted EBITDA margin 17–20% and operating margin 4–7%, using a ~$4/gal fuel assumption. Demand mix and loyalty strength: International revenue led growth (+13.6% YoY), Aeroméxico Rewards participation reached 38% (up 10 points YoY) and premium revenue mix was 42%, supporting resilience despite regional disruptions. Interested in Grupo Aeromexico? Here are five stocks we like better.
Grupo Aeromexico (NYSE:AERO) reported first-quarter 2026 results that management said were broadly consistent with expectations despite fuel price volatility and temporary demand disruptions in parts of Mexico, while also outlining a more pressured second-quarter outlook tied to elevated jet fuel costs.
First-quarter performance shaped by fuel prices and temporary disruptions
Chief Executive Officer Andrés Conesa said the company faced “several external headwinds,” including “temporary demand disruptions in certain regions of Mexico and a significant surge in fuel prices,” but still delivered results “generally in line with our original guidance.” Conesa added that Aeroméxico’s ability to generate higher premium revenue has supported performance amid volatility.
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Chief Commercial Officer Aaron Murray said the airline “delivered revenue above our guidance for the first quarter,” posting “total revenue of $1.34 billion, up 13.3% year-over-year.” Murray described the quarter as record-setting even with “isolated disruptions in late February in Mexico” that affected operations and transborder U.S. demand for several weeks, noting those impacts “have since recovered.”
From an operational standpoint, Conesa said Aeroméxico was recognized by Cirium as “the most on-time airline in the world in the first quarter of 2026,” building on prior global rankings in 2024 and 2025.
Revenue mix supported by international demand, loyalty growth, and premium mix
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Murray said strength was “particularly” evident internationally. International revenue rose 13.6% year-over-year, led by long-haul markets in Europe, Asia, and South America. Domestic revenue increased 12.7% year-over-year, which Murray attributed to improved comparisons versus last year’s “immigration-related impact on border markets” and better performance in beach markets.
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Management also highlighted progress in loyalty and direct distribution. Murray said Aeroméxico Rewards hit a new record, with 38% of passengers participating in the program, “up 10 points year-over-year and 15 points since the program’s reacquisition in 2023.” He added redemption revenue grew 22% year-over-year.
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Digital and merchandising initiatives also contributed to mix and channel performance, according to Murray. Direct online share reached 48%, up three points year-over-year and 23 points versus 2019, while premium revenue mix reached 42%, up one point year-over-year and 18 points versus 2019.
Margins, cash generation, and balance sheet position
Conesa said unit revenues rose 15% year-over-year and the airline delivered an operating margin of 11%, within the previously communicated guidance range. Chief Financial Officer Ricardo Sánchez Baker similarly reported total unit revenue (TRASM) grew 15% compared to 2025.
Sánchez Baker said adjusted EBITDA totaled $336 million, representing a 25% margin and a 5% increase versus the first quarter of 2025, despite what he estimated as a $36 million adverse effect from higher fuel prices and demand disruptions in specific Mexican regions. Operating income was $142 million, also equating to an 11% margin and consistent with the prior-year period.
On costs, Sánchez Baker said operating expenses increased 16% year-over-year, driven primarily by fuel and compounded by currency effects, citing a 14% appreciation of the peso that pressured the cost base.
Management emphasized liquidity and leverage as key advantages entering a volatile environment. Conesa said liquidity exceeded $1.2 billion, while Sánchez Baker detailed that the quarter ended with “over $1 billion in cash” plus a $200 million undrawn revolver, totaling $1.2 billion, or 23% of last-12-months revenue. He said liquidity was $178 million higher than the same quarter last year and $21 million higher than year-end 2025, despite first-quarter seasonality.
Sánchez Baker said the company generated more than $200 million in net operating cash flow and reduced financial debt by close to $10 million. Adjusted net debt to EBITDA ended the quarter at 1.7x, improving versus year-end.
Fuel recapture strategy and network flexibility
Fuel volatility was a central topic, with management focusing on pricing actions and capacity adjustments. Conesa said Aeroméxico’s fuel exposure is structurally lower than many peers, noting fuel represented about 21% of total revenue in 2025, and said the company would continue “fuel recovery initiatives, including targeted fare adjustments.” He also reiterated that approximately 70% of revenue is generated in international markets, which management views as more responsive for fuel pass-through.
In Q&A, Conesa said translating fuel increases into fares has been “much more efficient” internationally than domestically. Murray added the airline achieved “great recapture across the board” internationally, particularly in the long-haul widebody network, which he said represents about 40% of capacity. He said the company had not seen “any cracks in demand” in international markets where fuel-related fare increases have been implemented.
On transborder U.S. flying, Murray said disruptions earlier in the quarter were concentrated in U.S. point of sale, but demand has held up and the company has seen “quite strong recapture.” He estimated the U.S. transborder market represents about 22% of capacity, adding that any softness in U.S. point of sale has been offset by Mexico point of sale.
Conesa also noted timing challenges in the first quarter: when the Middle East conflict began in late February/early March, he said 80% of remaining first-quarter tickets were already sold, limiting near-term pass-through. He referenced an average advance purchase period of about 35 days, saying pricing adjustments become more visible “once you get to the new cycle.”
On capacity actions, Murray said the company removed roughly half a percentage point of second-quarter capacity as it reduced “non-core lower margin flying.” In response to a question about where cuts are easiest, Murray said point-to-point flying outside Mexico City was “the easiest to pare down,” while Conesa emphasized protecting the airline’s slot portfolio at Mexico City International Airport (AICM). As an example, Conesa said Aeroméxico will not operate Atlanta–San Luis Potosí, describing it as not covering cash costs and outside Mexico City.
Second-quarter guidance and cash flow expectations
Management characterized the second quarter as a period of peak pressure from fuel costs. Conesa said the company expects to recover about 50% of incremental fuel costs in the second quarter, with recapture rising to around 70% in the third quarter and 100% in the fourth quarter as pricing and network actions flow through.
Sánchez Baker provided second-quarter guidance, calling for capacity growth of about 1.5% to 2.5% year-over-year and revenue growth of 12.5% to 15.5% year-over-year. The company expects an adjusted EBITDA margin of 17% to 20% and an operating margin of 4% to 7%.
Asked about the fuel price underlying guidance, Conesa said the company is using a range “roughly around $4 per gallon,” with a midpoint around $4.
On cash flow, Sánchez Baker said the airline expects the second quarter’s seasonal strength (with customers buying summer travel in May and June) to offset fuel-related pressure, resulting in “no material variation” in cash balances by quarter-end. He added that if conditions normalize in line with the forward curve, the third quarter should be “flattish” and the fourth quarter positive for cash generation.
For the full year, management said it was too early to revise guidance amid volatility. Conesa said the company intends to update full-year guidance when visibility improves and indicated it may provide an update before the next earnings release.
About Grupo Aeromexico (NYSE:AERO)
Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.
The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.
The article "Grupo Aeromexico Q1 Earnings Call Highlights" was originally published by MarketBeat.
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- Grupo Aeroméxico, S.A.B. de C.V. (AERO) Q1 2026 Earnings Call Transcript
Apr 22, 2026 · seekingalpha.com
Grupo Aeroméxico, S.A.B. de C.V. (AERO) Q1 2026 Earnings Call Transcript
- Grupo Aeroméxico, S.A.B. de C.V. Q1 2026 Earnings Call Summary
Apr 22, 2026
Grupo Aeroméxico, S.A.B. de C.V. Q1 2026 Earnings Call Summary - Moby
Strategic Performance and Operational Resilience
Management attributed Q1 resilience to a robust business model that successfully navigated regional demand disruptions and surging fuel prices to meet original guidance. Performance was driven by a 15% increase in unit revenues, supported by a strong brand appeal to premium passengers who are less sensitive to price fluctuations. The company's structural advantage lies in its revenue mix, where fuel accounts for only 21% of total revenues, lower than regional peers and ULCCs. Strategic positioning in international markets, which generate 70% of total revenue, has allowed for more effective fuel recapture compared to the domestic market. Operational excellence was highlighted by the airline's ranking as the most on-time airline globally for 2026, building on its 2024 and 2025 performance. Management emphasized that the lack of material additional fleet commitments for the remainder of the year enhances financial flexibility and limits cost pressure.
Outlook and Fuel Recapture Strategy
The second quarter is expected to be the weakest period of the year, reflecting peak pressure from fuel prices before mitigation actions are fully realized. Management outlined a clear fuel recapture trajectory, targeting 50% recovery in Q2, 70% in Q3, and 100% by Q4 as pricing and network initiatives take full effect. Capacity growth for the full year has been revised downward to 2% to 3% from the original 3% to 5% range to protect margins and optimize cash flow. Q2 guidance assumes a jet fuel price range of $3.80 to $4.20 per gallon, with the midpoint at $4.00. Full-year guidance remains suspended due to market volatility, with management intending to provide updates once visibility into the second half of the year improves.
Financial Discipline and Risk Factors
A comprehensive cost-discipline program has been implemented, including a hiring freeze for non-critical roles and a reduction in discretionary spending. Liquidity reached a robust €1.2 billion at the end of Q1, an unusual achievement given the quarter's typical seasonal weakness in cash flow generation. Fleet modernization efforts, specifically the deployment of 737 MAX aircraft, resulted in a 1.4% reduction in fuel burn per ASM and $5 million in cash savings. Management identified potential fuel supply constraints in Europe and Asia as a monitored risk, though no shortages are expected within the next eight weeks.
Q&A Session Highlights
Fuel recapture effectiveness across domestic and international markets
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Management noted that international long-haul markets show the strongest recapture with no observed cracks in demand following fare increases. Domestic yields have not yet reflected the same level of pass-through, but capacity reductions are expected to support better yields in the future.
Impact of booking cycles on Q2 fuel recovery
Approximately 40% of Q2 capacity was already sold before fuel recapture initiatives were implemented, limiting the immediate impact of price adjustments. The average 35-day air traffic liability cycle means higher fuel costs will be more fully reflected in ticket prices as the booking cycle renews.
Strategic priority of Mexico City (AICM) slot portfolio
Management explicitly stated they will never put their AICM slot portfolio at risk, even when adjusting capacity to avoid cash-negative flying. Capacity cuts are being prioritized in point-to-point markets outside the Mexico City hub, such as Atlanta to Ixtapa-Zihuatanejo.
Potential for domestic fare caps in Mexico
Management dismissed the immediate threat of domestic fare caps, noting they are actively educating legislators on the negative consumer impacts of such measures. They highlighted that jet fuel is the only fuel not subsidized in Mexico, making price ceilings on fares particularly impractical.
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