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Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR (AERO)
NYSE:AERO
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.15Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial picture: record and historic margin achievements, strong cash generation, improved leverage, fleet investments and robust guidance for 2026. These positives offset earlier-year demand softness, a modest rise in CASM ex-fuel (1.8%), and regulatory/FX-related risks. Management emphasized disciplined capacity deployment, premium-led revenue momentum and significant liquidity, while acknowledging one-time items and operational constraints that temper near-term margin expansion.Company Guidance
Record Adjusted EBITDAR and Margins
Full year 2025 adjusted EBITDAR reached $1.7 billion with a 31% margin (highest in company history). Fourth quarter adjusted EBITDAR was $502 million with a 35% margin (highest quarterly EBITDAR on record). Excluding TechOps sale and IPO expenses, full year adjusted EBITDAR was $1.6 billion with a 30% margin and Q4 was $435 million with a 30% margin.
Strong Operating Income and Margins
Full year operating income was $928 million with a 17% margin (second strongest annual result). Fourth quarter operating income was $303 million with a 21% margin. Excluding one-time items, full year operating income was $861 million (16% margin) and Q4 was $236 million (16% margin).
Revenue Growth and Q4 Revenue Records
Total revenue for 2025 was $5.4 billion, a 2% increase vs. 2024 when excluding extraordinary nonrecurring items. Fourth quarter revenue reached $1.4 billion, up 3% YoY excluding nonrecurring items. Q4 passenger revenue and passenger unit revenue were record-breaking, up 4.3% and 6.2% YoY, respectively.
Robust Cash Generation and Improved Leverage
Full year operating cash flow was $913 million. Financial debt was reduced $156 million over the year; adjusted net debt-to-EBITDA ended at 1.8x. Cash and equivalents totaled $1.0 billion and, including an undrawn $200 million revolver, total liquidity was ~$1.2 billion (≈23% of L12M revenues).
Fleet Renewal and Passenger Growth
Aeromexico transported ~25 million passengers in 2025 and ended the year with 165 operating aircraft, a net increase of 17 aircraft vs prior year, supporting improved reliability and future operating leverage.
Commercial Momentum — Premium and Loyalty
Premium revenue represented ~42% of total revenues (≈17 percentage points above pre-pandemic). Loyalty participation reached a record 37% in Q4 (up 7 points YoY and 13 points since 2023 rebrand), and premium unit revenue growth outpaced main cabin by ~6 points in Q4.
Industry Recognition and Operational Reliability
Aeromexico was named the world's most on-time airline by Cirium for 2025, received APEX 5-star Global Airline for the seventh consecutive year and APEX North America's Best Global Airline (first time), and achieved top-level IATA safety management assessment — first in Latin America and second in the Western Hemisphere.
Positive 2026 Guidance
Management guided 2026 ASM growth of ~3%–5% (company commentary also cited ~4%), revenue growth of 7.5%–9.5%, adjusted EBITDAR margin of 28.5%–30.5% and operating margin of 15%–17%. First quarter 2026 revenue growth was guided at 10%–12% YoY with adj. EBITDAR margin 26%–28%.
Strategic Capital Allocation and Shareholder Returns
Returned over $200 million to shareholders in 2025, bringing total distributions since December 2023 to ~$1.3 billion. Continued investments in fleet modernization, app rollout, customer experience and targeted CapEx (~$500 million program referenced).
Clear FX and Fuel Assumptions in Guidance
Guidance assumptions include an average FX of MXN 18.3/USD and Brent ~$69/barrel (with a crack spread ~ $25/bbl), providing transparency around planning assumptions.
Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR (AERO) Earnings, Revenues Date & History
AERO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AERO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $18.85 | $19.03 | +0.95% |
Nov 12, 2025 | $18.51 | $18.50 | -0.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR (AERO) report earnings?
Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR (AERO) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR (AERO) earnings time?
Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR (AERO) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AERO EPS forecast?
AERO EPS forecast for the fiscal quarter 2026 (Q1) is 0.21.