Grupo Aeromexico, S.A.B. de C.V. (AERO) Company Report

Analyst Coverage

Research analysts covering Grupo Aeromexico, S.A.B. de C.V..

Recent press releases and 8-K filings for AERO.

Grupo Aeroméxico Reports Q3 2025 Financial Results, Faces JCA Termination, and Completes Global Offering

AERO

Earnings

Legal Proceedings

New Projects/Investments

For the three-month period ended September 30, 2025, Grupo Aeroméxico reported total revenue of $1,424,888 thousand and income of $96,978 thousand, a decrease from $1,489,828 thousand and $195,382 thousand, respectively, in the same period of 2024. For the nine-month period, total revenue was $3,922,592 thousand and income was $186,945 thousand, down from $4,184,699 thousand and $542,045 thousand in the prior year.
The U.S. Department of Transportation (DOT) issued a Final Order on September 15, 2025, terminating the antitrust immunity for the Joint Cooperation Agreement (JCA) with Delta, effective January 1, 2026. Grupo Aeroméxico and Delta are challenging this order.
On August 25, 2025, the company's shareholders approved a 1-to-10 stock split. Subsequently, on November 5, 2025, Grupo Aeroméxico priced a Global Offering of ADSs and common shares, along with a concurrent private placement, generating approximately $178.8 million in gross proceeds from the primary component and private placement.

Dec 5, 2025, 9:29 PM

Grupo Aeromexico Reports Strong Q3 2025 Results and Provides Q4 and Full Year 2025 Guidance

AERO

Earnings

Guidance Update

Delisting/Listing Issues

Grupo Aeromexico reported Q3 2025 total revenue of $1.4 billion, an adjusted EBITDA margin of 31%, and net income of $97 million.
The company successfully completed its IPO and dual-listing on both the New York Stock Exchange and the Mexican Stock Exchange.
For Q4 2025, the company anticipates total revenue (excluding extraordinary non-recurrent items from Q4 2024) to grow between 1% to 3% year-over-year, with an adjusted EBITDA margin expected to range between 27.5% and 29%.
Full Year 2025 guidance projects an adjusted EBITDA margin within 29% to 30% and an operating income margin between 15% and 16%.
The company maintains a strong financial position with $934 million in cash on hand and a leverage ratio of 1.9 times adjusted net debt to adjusted EBITDA.

Nov 12, 2025, 4:00 PM

Grupo Aeromexico Reports Strong Q3 2025 Results and Provides Q4 and Full-Year Guidance

AERO

Earnings

Guidance Update

New Projects/Investments

Grupo Aeromexico reported total revenue of $1.4 billion for Q3 2025, with an adjusted EBITDA margin of 31% and an operating margin of 18%, marking its second-best Third Quarter on record. The company's net income for the quarter was $97 million.
The company successfully completed its IPO and dual-listing on both the New York Stock Exchange and the Mexican Stock Exchange, with Q3 2025 being its first quarterly results call as a public company.
Aeromexico expanded its operating fleet by adding four Boeing 737 MAX aircraft during the quarter, bringing the total to 162 aircraft with an average age of 8.5 years.
For Q4 2025, the company projects total revenue growth of 1% to 3% year-over-year (excluding non-recurrent items from Q4 2024), an adjusted EBITDA margin between 27.5% and 29%, and an operating income margin between 14% and 15.5%.
The company ended Q3 2025 with a robust financial position, reporting $934 million in cash on hand and $1.1 billion in total liquidity, with a leverage ratio (adjusted net debt to adjusted EBITDA) of 1.9 times.