Aeroméxico’s Strong 3Q25 Performance Amid Revenue Dip

Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR ( (AERO) ) has released its Q3 earnings. Here is a breakdown of the information Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR presented to its investors.

Grupo Aeroméxico, S.A.B. de C.V. is a leading airline company based in Mexico, operating in the commercial aviation sector with a network spanning across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. The company is a founding member of the SkyTeam alliance, offering extensive connectivity through its partner airlines.

In its third-quarter earnings report for 2025, Aeroméxico announced a total revenue of $1.4 billion, marking a 4.4% decrease compared to the same period in 2024. Despite the revenue decline, the company achieved an adjusted EBITDAR margin of 31%, making it the second-best third quarter in its history. The operating margin stood at 18%, reflecting strong financial performance amidst challenging market conditions.

Key highlights from the report include a decrease in available seat miles by 0.7% year-over-year and a 5.1% decline in passenger numbers. However, the company saw a 6.6% increase in air cargo revenue, driven by higher domestic demand and improved international yields. Aeroméxico’s cost per ASM excluding fuel rose by 6.1%, influenced by increased labor costs and fleet expansion.

Aeroméxico’s strategic initiatives included the successful dual listing of its shares on the New York Stock Exchange and the Mexican Stock Exchange. The company also expanded its fleet with the addition of Boeing 737 MAX aircraft, maintaining an average fleet age of 8.5 years.

Looking ahead, Aeroméxico’s management remains focused on sustaining profitability and operational excellence. The company’s guidance for the fourth quarter and full year 2025 suggests a cautious outlook, with expectations of slight revenue growth when excluding extraordinary items from the previous year.