AERO

MEXICO CITY, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico”) reports its August 2026 operational results. Grupo Aeroméxico’s total capacity, measured in available seat miles (ASMs), increased 2.3% year-over-year, while demand, measured in revenue passenger miles (RPMs), increased 2.9%. Aeroméxico’s August load factor was 89.7%, an increase of 0.6 p.p. compared with August 2025. During the month, Aeroméxico transported 2 million and 151 thousand passengers. Andrés Conesa, Chief Executive Officer stated: “Our August traffic results demonstrate the strength of demand across our network, as we concluded the peak summer travel season with strong domestic and international load factors despite a challenging comparison with August 2025. Forward bookings continue to reflect healthy demand trends as we move into the fall season, reinforcing our confidence in the demand outlook. As we continue to navigate an evolving operating environment with higher fuel cost than previously anticipated, we remain focused on the factors within our control: disciplined capacity deployment, network optimization, and fuel recapture initiatives, to capitalize on demand opportunities while supporting long-term profitability.” Figures may not sum to total due to rounding. The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance. Glossary: “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown. “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used. “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only. “Passengers” refers to the total number of passengers transported by the airline. This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Grupo AeroméxicoGrupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines. www.aeromexico.comwww.skyteam.com Contact: [email protected]

The second-quarter 2026 earnings season has shaped up to be stronger than initially expected. According to the Aug. 12 Earnings Scorecard, 451 S&P 500 companies, representing 90.2% of the index, had reported second-quarter results, with aggregate earnings rising 41.6% year over year on 14.7% higher revenues. Moreover, 83.4% of the companies beat EPS estimates and 76.5% surpassed revenue estimates. The strength has extended beyond a single industry. Per the report, S&P 500 earnings are expected to increase 43.3% year over year in the second quarter, with 13 of the 16 Zacks sectors posting positive earnings growth. Energy, Basic Materials, Technology, Industrial Products, Aerospace and Utilities are among the sectors showing particularly strong growth. Image Source: Zacks Investment Research Against this backdrop, four stocks from different industries stand out for their 35% or greater potential upside based on short-term Zacks price targets. These are SanDisk Corporation SNDK, Pagaya Technologies PGY, NeoVolta, Inc. NEOV and Grupo Aeroméxico S.A.B. de C.V. AERO). The four stocks offer exposure to different areas of the market — technology, financial technology, energy storage and the airline industry — providing investors with multiple ways to participate in growth trends following the June 2026 earnings reporting season. SanDisk: The company delivered a strong fiscal fourth quarter ended June 2026, beating the Zacks Consensus Estimate on both earnings and revenues, supported by robust demand for storage tied to AI infrastructure. SanDisk expects its New Business Model agreements to cover about 50% of its fiscal 2027 bit shipments, giving the company greater visibility into demand while reducing its dependence on volatile spot-market sales. SanDisk is also advancing its NAND roadmap, including BiCS10 QLC and High Bandwidth Flash (HBF) aimed at AI inference workloads. The company expects mid-to-high-teens annual revenue growth in fiscal 2028-2030, with roughly 80% adjusted gross margins and 50% adjusted free-cash-flow margins. Based on short-term price targets offered by 21 analysts, the average price target for Sandisk represents an increase of 40.37% from the last closing price of $1,528.11. The stock sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of A. Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1, 2 (Buy) or 3 (Hold) offer the best upside potential. Image Source: Zacks Investment Research Pagaya: It is a global financial technology company that uses machine learning, proprietary data and AI-driven technology to help financial institutions expand access to consumer credit and other financial products. PGY delivered a strong second-quarter 2026, beating the Zacks Consensus Estimate on both earnings and revenues. Total revenues and other income rose 19% year over year to $387 million, while network volume increased 33% to a record $3.5 billion. Adjusted EBITDA climbed 43%, prompting the company to raise its full-year 2026 net-income outlook to $155-$180 million. Pagaya expects third-quarter network volume of $3.425-$3.625 billion and revenues of $370-$390 million. Its longer-term strategy includes expanding its lender network, increasing product adoption and leveraging its AI-driven platform and data advantage to build a scalable, balance-sheet-light financial ecosystem. Based on short-term price targets offered by 11 analysts, the average price target for Pagaya represents an increase of 35.97% from the last closing price of $21.46. The stock sports a Zacks Rank #1 and has a Growth Score of A. Image Source: Zacks Investment Research NeoVolta: It is a U.S. energy technology company developing battery-storage solutions for residential, commercial and utility-scale applications. The company continues executing its strategy to build an integrated energy-storage platform, with its Georgia manufacturing facility on track for a third-quarter 2026 production ramp and designed for 2 GWh of initial annual capacity, scalable to 8 GWh. NeoVolta secured a $1.9 million first C&I purchase order from Luminia and entered an Letter of Intent with Infinite Grid Capital covering approximately 1.1 GWh of utility-scale projects. Based on short-term price targets offered by three analysts, the average price target for NeoVolta represents an increase of 171.22% from the last closing price of $3.44. The stock carries a Zacks Rank #2. Image Source: Zacks Investment Research Aeromexico: It is Mexico’s flagship airline, operating a broad domestic and international network. In the second quarter of 2026, the company posted revenue growth of 12.6% year over year, while achieving an 18% adjusted EBITDAR margin and a 5% operating margin. Aeromexico expects third-quarter 2026 revenues of $1.59-$1.62 billion and fourth-quarter revenues of $1.64-$1.68 billion. Full-year revenues are projected to be in the range of $6.05-$6.12 billion. Capacity is expected to increase 6.5%-8% in the fourth quarter, supporting continued growth while management remains focused on network optimization and operational efficiency. Based on short-term price targets offered by six analysts, the average price target for AERO represents an increase of 68.45% from the last closing price of $15.85. This stock carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Image Source: Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sandisk Corporation (SNDK) : Free Stock Analysis Report Grupo Aeromexico SAB DE CV - Sponsored ADR (AERO) : Free Stock Analysis Report Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report NeoVolta, Inc. (NEOV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MEXICO CITY, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico”) reports its July 2026 operational results. Grupo Aeroméxico’s total capacity, measured in available seat miles (ASMs), decreased 1.5% year-over-year, while demand, measured in revenue passenger miles (RPMs), declined 1.9%. Aeroméxico’s July load factor was 88.0%, down 0.4 p.p. compared with July 2025. During the month, Aeroméxico transported 2 million and 157 thousand passengers. Andrés Conesa, Chief Executive Officer stated: “Our July traffic results were in line with our expectations. International demand continued to demonstrate resilience, delivering solid performance across our network. In the domestic market, demand recovered strongly toward the end of the month following the temporary moderation associated with the World Cup. These results, together with encouraging booking trends, reinforce our confidence in the outlook for the remainder of the year and our ability to continue executing our strategy. We will continue to optimize our network and capacity deployment to capture demand opportunities while maintaining our focus on profitability.” Figures may not sum to total due to rounding. The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance. Glossary: “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown. “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used. “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only. “Passengers” refers to the total number of passengers transported by the airline. This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Grupo AeroméxicoGrupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines. www.aeromexico.comwww.skyteam.com Contact: [email protected]

Interested in Grupo Aeromexico? Here are five stocks we like better. Grupo Aeromexico posted record second-quarter revenue of about $1.5 billion, with traffic up 10.5% year over year and strong premium demand helping offset a temporary June slowdown tied to World Cup travel patterns. Fuel costs were the main margin headwind, but the airline still stayed within guidance by recapturing 76% of the incremental fuel burden through pricing and revenue management; adjusted EBITDAR margin was 18%. Management said the June World Cup impact was temporary and expects a stronger second half, guiding for full-year 2026 revenue growth of 13% to 14%, operating margin of 11% to 13%, and higher EBITDA/EBIT in Q3 and Q4. Grupo Aeromexico (NYSE:AERO) reported record second-quarter revenue despite elevated jet fuel prices and a temporary domestic demand slowdown tied to World Cup travel patterns, executives said on the company’s second-quarter 2026 earnings call. Chief Executive Officer Andrés Conesa said the quarter unfolded “largely as we anticipated,” with healthy demand in April and May and softer domestic trends in June as corporate and leisure travel patterns shifted around Mexico’s national team matches. Even with that disruption, Conesa said Aeroméxico delivered record revenue for both June and the full second quarter. → The SK Hynix IPO and 2027’s AI Memory Squeeze “Revenue performance was strong, with traffic growing 10.5% year-over-year during the quarter, a period that also saw the two best sales weeks in our company’s history,” Conesa said. Chief Financial Officer Ricardo Sánchez Baker said total available seat miles increased 1.9% year-over-year, in line with company guidance. Total revenue reached approximately $1.5 billion in the second quarter, up 30% from a year earlier, while total revenue per available seat mile rose 10.5% and passenger revenue per available seat mile increased 10%. → This Dividend ETF Choice Could Shape Your Income Strategy Through 2026 Aeroméxico said high and volatile fuel prices were the main headwind during the quarter. Sánchez Baker said total operating costs increased 30%, primarily due to fuel. The company faced a fuel price headwind of approximately MXN 220 million compared with 2025, including roughly MXN 30 million of additional pressure versus assumptions included in its April guidance. The company had previously expected to recover at least 50% of the incremental fuel burden through pricing and revenue management. Sánchez Baker said Aeroméxico exceeded that target, achieving a 76% fuel cost recapture rate in the quarter. → Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs Adjusted EBITDAR totaled MXN 260 million, representing an 18% margin, while operating income reached MXN 68 million, resulting in a 5% operating margin. Both metrics were within the guidance range management provided in April. Conesa said that adjusted for the incremental fuel pressure above the company’s forecast, EBIT margins would have been at the top of the guidance range. Excluding fuel, operating expenses rose 13%, reflecting the stronger Mexican peso, wage and salary inflation and higher depreciation associated with fleet growth in 2025, Sánchez Baker said. During the question-and-answer session, Evercore ISI analyst Duane Pfennigwerth asked management to quantify the World Cup’s impact on June demand. Conesa said Aeroméxico estimated the domestic revenue loss in June at approximately MXN 24 million, excluding positive effects from charter flights. The airline operated charter flights connecting Mexico and the United States to transport several national soccer teams during the World Cup. Conesa described the overall World Cup impact on June revenue as “slightly negative,” but said demand patterns changed quickly afterward. “We see a very strong recovery of corporate traffic and leisure traffic in the domestic market already for July, and very solid numbers for August and September,” Conesa said. “We believe it was a strictly temporary effect.” Conesa also said the airline adjusted its network in advance of expected weaker corporate traffic in June, particularly around dates when Mexico’s national team played, allowing it to avoid some unprofitable flying. Aeroméxico’s premium revenue mix reached 43% in the second quarter, up one percentage point from a year earlier and 17 percentage points compared with 2019. Conesa said that was the highest level in the company’s history and reflected continued strength in its premium offering. He said customers did not “trade down” within the fare structure despite fare increases tied to higher fuel costs, which management viewed as evidence of resilient demand for premium products. The company also highlighted customer experience and loyalty initiatives. Conesa said Aeromexico Rewards reached record participation, with 39% of passengers participating in the program during the quarter, up seven percentage points year-over-year. Aeroméxico also launched a new Inbursa co-branded credit card program during the quarter. In response to a question from Morgan Stanley analyst Jen Spice, Conesa said the Inbursa credit card rollout was proceeding according to plan and that the company’s guidance reflected the transition from its prior credit card arrangement. He said half of cardholders who had received the new card so far had not previously held a co-branded Aeroméxico card. Aeroméxico also launched two long-haul routes during the quarter: Mexico City to Barcelona and Monterrey to Paris. Conesa said both were off to a strong start. He added that the company plans to increase service to Seoul from five to seven weekly frequencies as additional wide-body aircraft become available. Sánchez Baker said Aeroméxico ended the second quarter with more than MXN 1 billion in cash and total liquidity above MXN 1.2 billion, including fully undrawn MXN 200 million revolving credit facilities. The company generated approximately MXN 362 million in operating cash flow during the quarter, reduced financial debt by about MXN 70 million and ended the period with adjusted net debt below the year-earlier level. Management said cash flow generation remained strong in the first half of the year despite approximately MXN 250 million of additional fuel cost expenses. In response to webcast questions, Sánchez Baker said Aeroméxico expects net cash flow from operating activities for the year to be between MXN 800 million and MXN 1 billion, with free cash flow close to MXN 100 million. He said annual capital expenditures are expected to be around MXN 450 million, including about MXN 300 million of maintenance CapEx. Looking ahead, Aeroméxico said it expects higher EBITDA and EBIT in both the third and fourth quarters compared with the same periods in 2025. For the full year, the company projects an operating margin in the low double-digit range. For the third quarter, Sánchez Baker said Aeroméxico expects revenue between MXN 1.59 billion and MXN 1.62 billion, an adjusted EBITDAR margin in the mid-to-high 20s and an operating margin in the mid-teens. For the fourth quarter, the airline expects capacity to increase approximately 6.5% to 8% year-over-year, supported by higher aircraft utilization and expanded operations at Mexico City International Airport after authorities approved an increase in hourly operations from 44 to 46 beginning with the next IATA season. Management said Aeroméxico expects to receive about 10 additional slot pairs as its share of the increase. For full-year 2026, Aeroméxico expects ASM growth of 2% to 3%, total revenue growth of 13% to 14% versus 2025, an adjusted EBITDAR margin of 20.5% to 26.5% and an operating margin of 11% to 13%. Conesa said international demand remains strong across Europe, the United States, Central America and South America. He also said the airline is prepared to adjust capacity if fuel prices remain volatile and demand does not support higher flying levels. “We remain committed to managing capacity with discipline, investing in customer experience, and generating premium revenues,” Conesa said. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Grupo Aeromexico Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Record 2Q Total Revenue of $1.5 billion Adjusted EBITDAR Margin of 18% Operating Margin of 5% Liquidity(3) to LTM Revenue ratio at 22% MEXICO CITY, July 13, 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 June 30, 2026 (“2Q26”). 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 delivered solid second quarter results amid peak fuel price pressure and June demand shifts associated with the World Cup. Our results were in line with our second-quarter guidance, despite an approximately $30 million fuel headwind. We achieved two record sales weeks during the quarter, including the highest weekly sales in our history, while Premium Revenue Mix reached an all-time high, underscoring the strength of our business model and the power of our brand. Through disciplined capacity and network management, we remained focused on aligning supply with demand while protecting profitability. Even in a challenging macroeconomic environment, we ended the quarter with strong cash balances—consistent with the prior two quarters—without incurring additional financial debt. Looking ahead to the second half of the year, we expect a positive backdrop, driven by improving macroeconomic conditions and healthy demand, resulting in absolute EBITDAR levels above last year (1).” OPERATING & FINANCIAL HIGHLIGHTS 2Q26 Capacity, measured in available seat miles (ASMs), increased by 1.9% year-over-year. Total revenue reached $1.5 billion; a 12.6% increase compared to the same period of 2025. Total fuel expense amounted to $493.8 million, a 79.9% year-over-year increase. Adjusted EBITDAR(2) totaled $264.2 million, with a 17.9% margin. Operating income totaled $67.9 million, with a 4.6% margin. Total adjusted net debt to EBITDAR(2) ended the quarter below 2.0x. Liquidity(3) totaled $1.2 billion, equivalent to 21.8% of last-twelve-month revenues. 3Q26, 4Q26 & FULL YEAR OUTLOOK The Company’s outlook for the second half of the year underscores the resilience of its business model. The Company anticipates sustained strength in revenue generation, supported by healthy demand trends and sustained fare levels. A more favorable fuel cost environment is also expected to drive higher absolute levels of EBITDAR and EBIT in the third quarter relative to 2025. Although margins are expected to moderate in the third quarter due to higher revenues, the Company expects margin expansion in the fourth quarter, underpinned by supportive market conditions and accelerated growth from operating leverage. Fourth quarter capacity growth will be supported by increased aircraft utilization across the existing fleet, enabling the Company to capitalize on strong demand while optimizing profitability. The guidance reflects an average all-in fuel price of approximately USD $3.2 per gallon for the third quarter and USD $3.0 per gallon for the fourth quarter. It also assumes exchange rates of $17.5 Mexican pesos per U.S. dollar for the third quarter and $17.6 Mexican pesos per U.S. dollar for the fourth quarter. KEY FINANCIAL AND OPERATING HIGHLIGHTS FOR THE SECOND QUARTER SECOND QUARTER 2026 RESULTS Income Statement Discussion Revenue Total revenue for the second quarter of 2026 reached $1.5 billion, a 12.6% year-over-year increase, setting a new second quarter record for the Company. Revenue growth was driven by resilient demand across the network, despite the temporary moderation observed in June related to World Cup shifts. Performance was further supported by continued progress in revenue initiatives and disciplined pricing actions implemented to mitigate higher fuel costs. The strengthening of the Mexican peso also contributed favorably to revenue performance during the quarter.Our premium revenue(4) mix reached 43% of passenger-related revenue, 1 p.p. above 2Q25, reflecting sustained customer demand for premium products and ancillary services. Maintaining this revenue mix in a high-yield environment underscores the Company’s ability to capture premium customer demand and demonstrates the effectiveness of its business model. Capacity increased 1.9% year over year, in line with the Company's guidance. Consistent with its demand expectations, the Company proactively adjusted capacity throughout the quarter to align with market conditions, prioritizing profitability while maintaining a disciplined approach to network deployment. Total revenue per Available Seat Mile (“TRASM”) reached 16.0¢, marking a 10.5% year-over-year increase. The upward trend in TRASM was largely attributed to a significant increase in international passenger revenue, and the appreciation of the Mexican peso. Operating Expenses In 2Q26, total operating expenses—including fuel, labor, maintenance, passenger and aircraft services, aircraft leases, selling, general and administrative expenses, depreciation and amortization and other expenses—reached $1.4 billion, an increase of 30.3% compared to 2Q25. The increase was primarily driven by elevated fuel costs resulting from global geopolitical events that began in late February, with market prices remaining elevated through the quarter. As a result, fuel expense increased by approximately $219.3 million year-over-year, exceeding our second-quarter guidance by approximately $30 million. Despite this additional fuel headwind, Aeromexico delivered a strong performance, with total revenue increasing by $165.6 million year-over-year. This enabled the Company to recapture approximately 75% of the incremental fuel cost. Excluding fuel, operating expenses rose 13.4% year over year. The increase primarily reflected three factors: the continued strength of the Mexican peso, inflationary pressures on wages, salaries, and benefits, and higher depreciation and amortization related to fleet growth in 2025. Fuel cost per gallon(5) increased by 79.6% compared to 2Q25, averaging 4.2 USD per gallon in 2Q26 compared to 2.3 USD per gallon in 2Q25. Fuel consumption remained stable year-over-year, while fuel burn per ASM (liters of fuel consumed per ASM) decreased by 1.7%, mainly due to a more efficient fleet mix. Cost per ASM excluding fuel (CASM-Ex) was 10.0¢ in 2Q26, representing an increase of 12.3% compared to the same period in 2025. This rise was primarily driven by an 11.3% appreciation of the Mexican peso, increased ownership costs attributable to additions to the aircraft fleet in 2025, higher labor expenses associated with inflation-related salary adjustments, and the expansion of international operations. Adjusted EBITDAR(2) and Operating Income Adjusted EBITDAR(2) amounted to $264.2 million with a 17.9% margin, in line with the Company’s guidance despite elevated fuel costs and temporary demand shifts associated with the World Cup. Total fuel expense increased by $219.3 year over year, approximately $30.0 million above the level assumed in our second-quarter guidance as market fuel prices remained higher than expected throughout the quarter. Operating income for the second quarter recorded $67.9 million, representing a 4.6% operating margin, also within the Company's guidance range. Net Financing Cost Net financing costs decreased by 6.5% compared to the same period in 2025, mainly driven by lower net foreign exchange losses. In 2Q26, foreign exchange losses decreased by $25.4 million, while financial expenses increased by $15.9 million, largely reflecting higher interest expenses from lease obligations associated with fleet expansion. Net Income (Loss) Net loss in 2Q26 totaled $57.7 million. BALANCE SHEET AND CASH FLOW As of June 30, 2026, Aeroméxico reported cash and cash equivalents of $1.0 billion. This is an increase of $114.3 million compared to the same quarter in the previous year and $12.5 million higher than at year-end 2025. These liquidity levels were achieved through strong operating cash generation, without incurring additional financial debt. Including the $200.0 million revolving credit facility secured in 3Q24, total liquidity reached $1.2 billion. This represents a ratio of liquidity to last-twelve-month revenues of 21.8%. In 2Q26, Aeroméxico generated $362.4 million in net cash from operating activities, which allowed the Company to continue with its investment and deleveraging programs. During the second quarter, the Company repaid $17.1 million of financial debt. OPERATING FLEET During 2Q26, Grupo Aeroméxico received two Boeing 737 MAX-8 and one Boeing 787-9 aircraft. Grupo Aeroméxico’s operating fleet was comprised of 169 aircraft as of June 30, 2026, with an average age of 8.9 years. Footnotes *Participants can complete the online registration form and upon registering will receive the dial-in info and a unique PIN to join the call. 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 20 years and offers connectivity in more than 170 countries, through the 18 partner airlines. Aeroméxico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.www.aeromexico.com / www.skyteam.com Forward Looking Statements This press release contains certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act, that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “guidance,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Important factors that could cause such differences include, but are not limited to: external risks, including health threats, accidents, global instability, security breaches, terrorism and natural disasters; global geopolitical conflicts, particularly those that impact the price of jet fuel; Mexican and international economic conditions, as well as seasonality, on customer travel behavior; the current U.S.’s administration tariffs on the Company’s costs and the actions of other governmental authorities in Mexico, the U.S. and other countries; fuel market volatility; the Company’s capacity to fulfill the Company’s fixed obligations, obtain financing and/or maintain liquidity; the Company’s capacity to retain and attract key personnel and other professionals, and the Company’s labor relations with employees; the Company’s reliance on few aircraft manufacturers and other third-party providers; the Company’s aircraft utilization rate and aircraft maintenance costs; changes in landing charges, airport access fees and inadequate airport infrastructure; consumer protection restrictions; dependence on the Company’s main hub, MEX; air traffic congestion; the competitive environment in the aviation industry, including those arising from non-air travel substitutes; sanctions and compliance with anti-corruption, anti-money laundering, anti-drug trafficking and other ethical rules and standards; reliance on partnerships and alliances and challenges in entering into new ones; and other factors described in "Risk Factors" of the Company’s annual report on Form 20-F filed with the SEC on April 30,2026. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Annex A on Non-IFRS Financial Measures In addition to disclosing financial results prepared in accordance with IFRS, the Company discloses information regarding Adjusted EBITDAR, Adjusted EBITDAR Margin, Adjusted Net Debt and Net Leverage Ratio, which are non-IFRS measures. The Company believes that these measures are useful indicators of its operational performance. These known performance measurements in the aviation industry are frequently used by investors, stock analysts and others who are interested in comparing the operational performance of companies in their industry. The Company defines Adjusted EBITDAR as profit or loss for the period before income tax expense (benefit), depreciation and amortization, net finance cost, and impairment (reversal), before aircraft leasing expense, in light of the non-recurring nature of this item. The Company considers Adjusted EBITDAR to be solely a valuation metric, not a performance metric. The Company defines Adjusted EBITDAR Margin as Adjusted EBITDAR divided by total revenue for the period. The Company defines Adjusted Net Debt as total loan and borrowings, including leases, minus cash and cash equivalents. The Company defines Net Leverage Ratio as Adjusted Net Debt Ratio divided by Adjusted EBITDAR for the period. All of the above-mentioned non-IFRS financial measures have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. Some of these limitations are: (i) they do not reflect the Company’s cash expenditures, or future requirements for capital expenditures or contractual commitments; (ii) they do not reflect changes in, or cash requirements for, its working capital needs; (iii) they do not reflect the Company’s cash requirements necessary to service interest or principal payments on the Company’s debt; (iv) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and they do not reflect any cash requirements for such replacements; (v) they do not adjust for all non-cash income or expense items that are reflected in the Company’s consolidated statements of profit or loss and other comprehensive income; (vi) they do not reflect the impact of all non-recurring items; and (vii) other companies in the Company’s industry may calculate these measures, or similarly titled measures, differently than the Company does, limiting their usefulness as comparative measures. Reconciliations of each of these historical measures, and to the extent applicable, forward-looking measures to the most directly comparable IFRS measure are below. No reconciliation of the forecasted amounts of Adjusted EBITDAR Margin, as incrementally adjusted, and revenue, as incrementally adjusted, for fiscal 2026 is included in this release because we are unable to quantify certain amounts that would be required to be included in the corresponding IFRS measure without unreasonable efforts, due to high variability and complexity with respect to estimating certain forward-looking amounts, and we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors.

MEXICO CITY, July 02, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico”) reports its June 2026 operational results: Grupo Aeroméxico transported 1 million and 851 thousand passengers in June 2026, a 9.0% year-over-year decrease. International passengers decreased by 1.4%, while domestic passengers decreased by 13.0%. Aeroméxico's total capacity, measured in available seat miles (ASMs), increased by 0.9% year-over-year. International ASMs increased by 4.9%, while domestic capacity decreased by 8.7% year-over-year. Demand, measured in passenger miles (RPMs), decreased by 2.8% year-over-year. International demand increased by 0.9%, while domestic demand decreased by 11.8%, both figures compared to June 2025. Aeroméxico’s June 2026 load factor was 82.7%, a 3.0 p.p. decrease as compared to June 2025. International load factor decreased by 3.1 p.p., and domestic load factor decreased by 2.9 p.p. Andrés Conesa, Chief Executive Officer stated: “Traffic results for June reflect the disciplined execution of our commercial and network strategy. As anticipated, domestic demand moderated this month due to the World Cup-related shifts and we proactively adjusted domestic capacity to align with expected market conditions. International demand, on the other hand, maintained the strength it has shown all year long. These traffic results are consistent with the assumptions underpinning our second-quarter guidance. Looking beyond the World Cup period, booking trends remain strong and continue to support our expectation of healthy demand for the rest of the year. We will continue to actively manage our network and capacity to capture demand opportunities while maximizing profitability.” Figures may not sum to total due to rounding. The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance. Glossary: “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown. “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used. “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only. “Passengers” refers to the total number of passengers transported by the airline. This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Grupo AeroméxicoGrupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines. www.aeromexico.com www.skyteam.com Contact information: [email protected]

MEXICO CITY, Mexico, June 04, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its May 2026 operational results: Grupo Aeroméxico transported 2 million and 102 thousand passengers in May 2026, a 2.1% year-over-year increase. International passengers increased by 4.6%, while domestic passengers increased by 0.9%. Aeroméxico's total capacity, measured in available seat miles (ASMs), increased by 4.7% year-over-year. International ASMs increased by 7.0%, while domestic capacity decreased by 0.3% year-over-year. Demand, measured in passenger miles (RPMs), increased by 5.2% year-over-year. International demand increased by 6.8%, while domestic demand increased by 1.6%, both figures compared to May 2025. Aeroméxico’s May 2026 load factor was 85.8%, a 0.4 p.p. increase as compared to May 2025. International load factor decreased by 0.2 p.p., and domestic load factor increased by 1.6 p.p. Andrés Conesa, Chief Executive Officer stated: “May traffic performance underscored the strength of our network and commercial strategy. Demand remained strong and robust, outpacing capacity growth and supporting healthy load factors across the network. We closed the month on a high note, with the final week of May delivering the highest weekly sales in our Company’s history. Demand trends continue to track in line with the outlook provided in April. As we move to the second half of the year, we will continue to actively manage capacity and network deployment to capitalize on these strong demand opportunities and maximize profitability.” Figures may not sum to total due to rounding. The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance. Glossary: “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown. “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used. “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only. “Passengers” refers to the total number of passengers transported by the airline. This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About Grupo AeroméxicoGrupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines. www.aeromexico.comwww.skyteam.com Contact information: [email protected]

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: Grupo Aeroméxico transported 2 million and 61 thousand passengers in April 2026, a 1.3% year-over-year decrease. International passengers decreased by 0.7%, while domestic passengers decreased by 1.5%. Aeroméxico's total capacity, measured in available seat miles (ASMs), increased by 0.2% year-over-year. International ASMs increased by 0.8%, while domestic capacity decreased by 1.0% year-over-year. Demand, measured in passenger miles (RPMs), increased by 0.4% year-over-year. International demand increased by 1.7%, while domestic demand decreased by 2.4%, both figures compared to April 2025. Aeroméxico’s April 2026 load factor was 86.1%, a 0.2 p.p. increase as compared to April 2025. International load factor increased by 0.8 p.p., and domestic load factor decreased by 1.2 p.p. Andrés Conesa, Chief Executive Officer stated: “April traffic results reinforced the positive demand trends year to date. The strength of our network, combined with disciplined execution, enabled us to maintain stable load factors versus last year, despite a challenging geopolitical environment. With fuel prices remaining elevated, we continue to optimize capacity by prioritizing international markets, where demand and pricing dynamics remain more favorable, supporting margin resilience and protecting profitability.” Figures may not sum to total due to rounding. The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance. Glossary: “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown. “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used. “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only. “Passengers” refers to the total number of passengers transported by the airline. This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines. www.aeromexico.com www.skyteam.com contact: [email protected]

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. 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. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting 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. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand 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. 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. → Amazon Stock Up 30%: Is AMZN Still a Buy Before Earnings? 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. 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 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. 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. 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.

This article first appeared on GuruFocus. Total Revenue: $1.34 billion, up 13.3% year-over-year. International Revenue Growth: 13.6% year-over-year. Domestic Revenue Growth: 12.7% year-over-year. Unit Revenue Increase: 15% year-over-year. Operating Margin: 11% for the first quarter. Liquidity: Exceeded $1.2 billion. Adjusted EBITDAR: $336 million with a 25% margin. Operating Income: $142 million with an 11% margin. Cash Position: Over $1 billion, with a $200 million undrawn revolving credit facility. Net Operating Cash Flow: Over $200 million generated in the first quarter. Adjusted Net Debt-to-EBITDAR Ratio: 1.7 times. Second Quarter Revenue Growth Expectation: 12.5% to 15.5% year-over-year. Second Quarter Operating Margin Expectation: 4% to 7%. Warning! GuruFocus has detected 6 Warning Signs with AERO. Is AERO fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Grupo Aeromexico SAB de CV (NYSE:AERO) achieved a 15% year-over-year increase in unit revenues and an operating margin of 11%, aligning with their guidance. The company closed the quarter with liquidity exceeding $1.2 billion, showing improvement compared to the same period in 2025. Grupo Aeromexico SAB de CV (NYSE:AERO) was recognized as the most on-time airline globally for the first quarter of 2026, continuing its top ranking from previous years. The company's international revenue increased by 13.6% year-over-year, driven by strong performance in Europe, Asia, and South America. Aeromexico Rewards program saw a record 38% passenger participation, with redemption revenue growing 22% year-over-year. The company faced significant external challenges, including a surge in fuel prices and temporary demand disruptions in certain Mexican regions. Operating expenses increased by 16% year-over-year, primarily due to higher fuel prices and the impact of a stronger peso. The second quarter is expected to be challenging, with anticipated peak pressure from elevated fuel prices impacting margins. Domestic market yield improvements have been slower compared to international markets, affecting overall revenue recapture. Capacity adjustments are necessary, with a projected increase of only 1.5% to 2.5% year-over-year, reflecting strategic reductions in non-core, lower-margin flying. Q: Can you provide more details on your fuel recapture strategy and how it affects domestic and international markets? A: Andres Conesa Labastida, CEO: The international market, which accounts for 70% of our revenue, has been more responsive to fuel price increases than the domestic market. Capacity reductions in the domestic market could support better yields in the future. Aaron Murray, CCO: We've seen strong recapture in international markets, especially in long-haul routes, with no significant demand drop. In the US transborder market, demand is holding strong despite some initial disruptions. Q: How much of the second quarter was already booked before the fuel price spike, and how does this affect your ability to raise yields? A: Aaron Murray, CCO: About 40% of the second quarter was booked before the fuel recapture initiatives took effect. We are now closer to 60% booked, so as we move forward, a larger percentage of bookings will reflect the new pricing levels, improving our ability to recapture fuel costs. Q: What types of markets are you targeting for capacity reductions, and how do slot waivers in Mexico City factor into your plans? A: Aaron Murray, CCO: We are focusing on reducing point-to-point flying outside of our hub, particularly in markets not covering cash costs. Andres Conesa Labastida, CEO: Our priority is to maintain our slot portfolio in Mexico City. We will adjust capacity if necessary but will not risk our slots. Q: How should we think about your capacity plan for the year given recent adjustments? A: Aaron Murray, CCO: We initially guided for 3% to 5% growth but now expect closer to 2% to 3%. Growth will primarily come from our wide-body network, particularly in profitable markets like Barcelona. We have flexibility to adjust if market conditions change. Q: Are there any constraints on fuel availability, especially for long-haul flights? A: Andres Conesa Labastida, CEO: We are monitoring the situation closely. Domestically, we source a significant share of fuel locally, so no immediate risks there. In Europe and Asia, we are working with Delta to ensure fuel availability, and currently, we do not foresee shortages in the near term. For the complete transcript of the earnings call, please refer to the full earnings call transcript.