-- Total Revenue of $1.4 billion in 4Q25 and $5.4 billion in FY25 -- Adjusted EBITDAR Margin of 35% in 4Q25 and 31% in FY25, highest on record -- Operating Margin of 21% in 4Q25 and 17% in FY25 -- Premium revenue at 42% in 4Q25 and FY25
MEXICO CITY, Feb. 16, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, "Aeroméxico" or the "Company") today reported unaudited consolidated financial results for the three months ended December 31, 2025 ("4Q25") and twelve months ended December 31, 2025 ("FY25") and as of December 31, 2025. The unaudited consolidated financial results set forth below are subject to revision based upon the completion of our annual financial closing process, and other developments arising between now and the time this financial closing process is finalized. These results are based on information available to us as of the date of this earnings release and are not a comprehensive statement of our financial results for the period presented. The Company has used the U.S. dollar, its functional currency, as the presentation currency for its consolidated financial statements. All figures are expressed in millions of U.S. dollars unless otherwise indicated.
Andrés Conesa, Chief Executive Officer stated: "Aeroméxico closed the year with strong momentum firmly confirming the recovery trend that gained pace in the second half of the year. We once again demonstrated industry-leading operational reliability, being recognized by CIRIUM as the world's most on-time airline for the second consecutive year. Our commitment to service excellence was also reaffirmed as Aeroméxico was awarded the APEX North America's Best Global Airline recognition. We delivered industry-leading financial performance, and this quarter achieved record results, including the highest Adjusted EBITDAR in the Company's history. These achievements reflect disciplined execution across the business and the unwavering commitment, professionalism, and teamwork of our people, who continue to drive Aeroméxico's performance and leadership".
OPERATING & FINANCIAL HIGHLIGHTS FOURTH QUARTER 2025
-- Aeroméxico's capacity, measured in available seat miles (ASMs),
decreased by 1.8% year-over-year in 4Q25.
-- Aeroméxico's 4Q25 total revenue reached $1.4 billion, a 0.2%
increase as compared to the same period of 2024. When excluding 2024
extraordinary, non-recurrent items(1), total revenue grew 3.4%
year-over-year (1).
-- Share of gain on equity accounted investees recorded a benefit of $71.1
million derived from the extraordinary income generated from the sale of
the Group's 50% equity interest in MRO (TechOps transaction), a joint
venture owned in equal parts by Aeroméxico and Delta, dedicated to
providing aircraft maintenance and repair services.
-- Adjusted EBITDAR(3) totaled $501.6 million, with a 34.9% margin,
representing the highest EBITDAR and EBITDAR margin on record in the
Company's history. Excluding the TechOps transaction and non-capitalized
administrative expenses related to our Initial Public Offering (IPO)(2),
Adjusted EBITDAR(3) amounted to $434.9 million with a 30.2% margin.
-- Fourth quarter 2025 Operating Income totaled $303.1 million, with a
margin of 21.1%, marking the best operating income performance for a
fourth quarter on record. Excluding the TechOps transaction and
non-capitalized administrative expenses related to our Initial Public
Offering (IPO)(2), Operating Income totaled $236.4 million with a 16.4%
margin.
-- Cost per ASM excluding fuel (CASM-Ex), was 10.4c, marking a 5.9% increase
with respect to the same quarter of 2024.
OPERATING & FINANCIAL HIGHLIGHTS FULL YEAR 2025
-- Aeroméxico's capacity, measured in available seat miles (ASMs),
increased by 0.5% year-over-year.
-- Aeroméxico's FY25 total revenue reached $5.4 billion, a 4.6%
decrease as compared to 2024. When excluding 2024 extraordinary,
non-recurrent items(1), total revenue decreased 1.9% year-over-year.
-- Adjusted EBITDAR(3) totaled $1.7 billion, with a 31.2% margin. This
margin represents the highest record in the Company's history. Excluding
the TechOps transaction and IPO-related expenses(2), Adjusted EBITDAR(3)
amounted to $1.6 billion with a 30.0% margin.
-- Full year 2025 Operating Income totaled $928.1 million, with a margin of
17.3%, marking the second-best yearly operating income performance
record. Excluding the TechOps transaction and the IPO-related expenses
(2), Operating Income totaled $861.4 million with a 16.1% margin.
-- Cost per ASM excluding fuel (CASM-Ex), was 9.3c, a 1.7% increase compared
to last year.
-- Total adjusted net debt to EBITDAR(3) ended the year at 1.8x.
1Q26 & FULL YEAR 2026 OUTLOOK
Indicator 1Q26 Guidance FY2026 Guidance
----------------------------- -------------------- --------------------
Total Capacity (ASMs) -1.7% to -1.2% 3.0% to 5.0%
----------------------------- -------------------- --------------------
Total Revenue 1.30 bn to 1.33 bn 5.77 bn to 5.88 bn
----------------------------- -------------------- --------------------
Total Revenue YoY 10.0% to 12.0% 7.5% to 9.5%
----------------------------- -------------------- --------------------
Adjusted EBITDAR Margin 26.0% to 28.0% 28.5% to 30.5%
----------------------------- -------------------- --------------------
Operating Income Margin 11.0% to 13.0% 15.0% to 17.0%
----------------------------- -------------------- --------------------
Adjusted Net Leverage - 1.6x
----------------------------- -------------------- --------------------
KEY FINANCIAL AND OPERATING HIGHLIGHTS FOR THE FOURTH
QUARTER 2025
Key Financial
KPIs Three Months Ended December 31
--------------- -------------------------------------------------------------
4Q25 4Q24
(Normalized) (Normalized)
4Q25 ((4) () 4Q24 ((4) () Var. % ((5) ()
--------------- ----- -------------- ----- --------------- --------------
Total revenue
(USD
millions) 1,438 1,438 1,435 1,391 3.4%
---------------
Adjusted
EBITDAR(3)
(USD
millions) 502 435 446 402 8.3%
--------------- ----- -------------- ----- --------------- --------------
Adjusted
EBITDAR
margin(3) (%
of Revenue) 35% 30% 31% 29% 1.4 p.p.
--------------- ----- -------------- ----- --------------- --------------
Total operating
income (loss)
(USD
millions) 303 236 257 212 11.6%
--------------- ----- -------------- ----- --------------- --------------
Operating
Margin (% of
Revenue) 21% 16% 18% 15% 1.2 p.p.
--------------- ----- -------------- ----- --------------- --------------
4Q25 4Q24
Key Operating (Normalized) (Normalized)
Indicators 4Q25 ((4) () 4Q24 ((4) () Var. % ((5) ()
--------------- ----- -------------- ----- --------------- --------------
Total ASMs
(millions) 8,751 - 8,911 - -
--------------- ----- -------------- ----- --------------- --------------
Passengers
('000) 6,168 - 6,247 - -
--------------- ----- -------------- ----- --------------- --------------
Total revenue /
ASM (USD
cents) 16.4 16.4 16.1 15.6 5.3%
--------------- ----- -------------- ----- --------------- --------------
Total cost /
ASM (USD
cents) 13.6 13.6 13.0 13.0 4.9%
--------------- ----- -------------- ----- --------------- --------------
Total cost
excluding fuel
/ ASM (USD
cents) 10.4 10.4 9.9 9.9 5.4%
--------------- ----- -------------- ----- --------------- --------------
4Q25 4Q24
Foreign (Normalized) (Normalized)
Exchange* 4Q25 ((4) () 4Q24 ((4) () Var. %
--------------- ----- -------------- ----- --------------- --------------
Average 18.33 - 20.03 - -8.5%
--------------- ----- -------------- ----- --------------- --------------
Key Financial
KPIs Twelve Months Ended December 31
--------------- -------------------------------------------------------------
2025 2024
(Normalized) (Normalized)
2025 ((4) () 2024 ((4) () Var. % ((5) ()
--------------- ------ ------------- ------ -------------- --------------
Total revenue
(USD
millions) 5,361 5,361 5,620 5,467 -1.9%
---------------
Adjusted
EBITDAR(3)
(USD
millions) 1,672 1,606 1,738 1,578 1.8%
--------------- ------ ------------- ------ -------------- --------------
Adjusted
EBITDAR
margin(3) (%
of Revenue) 31% 30% 31% 29% 1.1 p.p.
--------------- ------ ------------- ------ -------------- --------------
Total operating
income (loss)
(USD
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