AERO

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. - Achieved record quarterly revenue of $1.62 billion, driven by a 17.4% increase in international markets and a successful peak season extending through September. - Successfully offset $170 million in year-over-year fuel cost increases through disciplined revenue management and fuel recapture initiatives. - Premium revenue reached 42% of total revenue, reflecting a strategic shift toward high-yield segments and enhanced product differentiation. - Loyalty program penetration grew to 40%, an 8-point year-over-year increase, providing a stable high-margin revenue stream and deeper customer engagement. - Operational excellence was highlighted by Cirium recognizing Aeromexico as the most on-time airline globally for the third consecutive quarter. - Domestic performance normalized following the temporary negative impact of the World Cup, with load factors reaching 90% in August and 87% in September. - Maintained a strong cash position of $965 million while continuing to reduce financial debt and funding the investment program without new borrowing. - Q4 capacity growth of 7% to 8% will be primarily driven by widebody aircraft expansion in Europe and Asia, utilizing existing fleet leverage. - Revenue growth for Q4 is projected at 14% to 16%, supported by strong forward bookings and a 45% year-over-year increase in fall sales campaign revenue. - Guidance assumes a historically high all-in fuel price of $4.05 per gallon and an exchange rate of approximately 18 pesos per dollar. - CASM ex-fuel is expected to remain flat in Q4, signaling an improvement in cost trajectory as operating leverage from the existing fleet yields efficiency. - Network expansion for 2027 includes new routes from Mexico City to Milan and Guadalajara to Paris; additionally, a positive U.S. DOT decision has lifted restrictions on adding services between Mexico City and the United States. - Recognized $49 million in revenue following a loyalty program breakage rate alignment, the first such update since 2018 to reflect current member activity. - The U.S. Department of Transportation revoked its prior disapproval of scheduled services, granting Aeromexico greater flexibility to expand its transborder network starting in 2027. - Management flagged inflationary pressures and the appreciation of the Mexican peso as significant contributors to a 10% increase in non-fuel operating expenses. - Upsized the revolving credit facility from $200 million to $250 million, bringing total liquidity to $1.2 billion to preserve financial flexibility. - Management explained that a weaker peso results in lower dollar-denominated costs and revenues, creating a natural hedge that limits P&L impact. - The current exchange rate environment (18-19 pesos per dollar) still supports solid demand for Mexicans traveling abroad, though it represents a 2% headwind to revenue growth compared to previous guidance. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. - Management noted they are paying historically high jet fuel prices and have implemented regional initiatives to pass these costs to consumers. - Current Q4 guidance assumes a 92-93% fuel recapture rate, but management expressed confidence in reaching 100% offset if demand remains resilient. - Aeromexico expects a rational domestic market as competitors revise capacity downward, while Aeromexico grows selectively via increased Mexico City slots (44 to 46 per hour). - 70% of the company's Q4 growth is driven by widebody long-haul flying rather than domestic narrowbody competition. - Management expressed optimism regarding the FAA audit, noting the Mexican government's 60% budget increase for civil aviation authorities in 2022 to address regulatory observations. - New U.S. service expansion is being planned for early 2027, taking advantage of the lifted DOT restrictions while monitoring the FAA review timeline. - Corporate demand has rebounded following the World Cup and is currently stable or slightly up according to internal surveys. - High-end leisure and corporate segments are currently behaving at a similar year-over-year growth clip, showing no signs of 'cracking' despite higher fares.

- Interested in Grupo Aeromexico? Here are five stocks we like better. - Record Q3 performance: Grupo Aeroméxico generated $1.62 billion in revenue, up 13.6% year over year, and achieved a 12% operating margin despite fuel costs rising 58%. Strong international demand, premium sales and higher loyalty-program participation supported results. - Balance sheet strengthened: The airline generated $542 million in operating cash flow, reduced debt by $7 million and ended the quarter with $965 million in cash. Its expanded revolving credit facility lifted total liquidity to $1.2 billion. - Growth outlook remains positive: Aeroméxico expects fourth-quarter capacity to rise 7%–8% and revenue to grow 14%–16%, driven largely by wide-body expansion to Europe and Asia. Management maintained strong full-year projections and said demand remains healthy across leisure and corporate travel. Grupo Aeromexico (NYSE:AERO) reported record third-quarter revenue and a 12% operating margin as strong international demand, premium-product sales and loyalty-program growth helped the airline absorb much of a sharp increase in fuel costs. Chief Executive Officer Andrés Conesa said the company generated an EBIT margin of 12% during a quarter marked by volatile and higher-than-expected jet fuel prices. Revenue exceeded the midpoint of the company's June guidance range, while capacity rose about 1% from a year earlier. → Berkshire Just Backed This Little-Known Stock—Should You Chase It? "Demand remained healthy, supported by a successful peak season that extended through September and delivered outstanding load factors," Conesa said. August load factor reached 90%, while September load factor was 87%, which Conesa described as strong for a shoulder-season month. Chief Commercial Officer Aaron Murray said total third-quarter revenue reached a record $1.62 billion, up 13.6% year over year. International revenue increased 17.4%, led by long-haul markets in the United States region, while domestic revenue rose 6.7% as the company moved beyond what executives described as a temporary negative impact from the World Cup during June and July. → These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Premium revenue represented 42% of total revenue, up 1 percentage point from the prior year. Participation in the Aeroméxico Rewards loyalty program reached 40%, an increase of 8 percentage points year over year and 19 points since the program was reacquired and rebranded in 2023. Redemption revenue climbed 27%. The company also cited progress in direct online sales and its branded-fare strategy. Direct online share remained at an all-time high of 48%, up 2 percentage points from a year earlier and 23 points from 2019, according to Murray. → Broadcom's CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom "These initiatives are giving us greater control over how we present, differentiate, and monetize our products," Murray said, adding that the carrier's fare structure allows it to support premium sales while competing for more price-sensitive customers. Chief Financial Officer Ricardo Sánchez Baker said revenue rose by $194 million year over year, more than offsetting a $171 million increase in fuel costs. Fuel expense increased 58% as fuel prices averaged nearly $4 per gallon, compared with $2.50 in the third quarter of 2025. Fuel costs were about $93 million higher than the level contemplated in Aeroméxico's prior guidance. However, the revenue increase did not fully offset the combined effect of fuel, inflation-related non-fuel expenses and foreign-exchange movements. Total operating expenses rose 22%, while operating expenses excluding fuel increased 10%, driven primarily by the stronger Mexican peso, inflationary pressures and fleet-growth costs. The airline said its fleet efficiency helped limit the impact: fuel consumption declined 2%, and fuel burned per available seat mile improved 3%. Aeroméxico updated its loyalty-program breakage assumptions during the quarter, its first such alignment since 2018. The update resulted in the recognition of $49 million of revenue and an adjustment to deferred liabilities. Sánchez Baker said the change reflected current member activity and long-term program trends. Adjusted EBITDAR totaled $389 million, for a 24% margin. Operating income was $190 million, producing the 12% operating margin. Through Sept. 30, Aeroméxico generated $542 million in net cash from operating activities. The company repaid another $7 million in debt during the third quarter and ended the period with $965 million in cash and cash equivalents, up $31 million from a year earlier. The carrier also renewed and increased its revolving credit facility to $250 million from $200 million, bringing total liquidity to $1.2 billion, or 21% of trailing 12-month revenue. Conesa said financial debt, including leases, remained on a downward trajectory as the company continued its investment program without raising additional debt. Sánchez Baker said the company expects to continue funding capital expenditures, reducing financial debt and maintaining stable cash balances through the end of the year. For the fourth quarter, Aeroméxico expects capacity growth of 7% to 8% year over year and revenue growth of approximately 14% to 16%. The company guided for an adjusted EBITDAR margin of 19.5% to 21.5% and an operating margin of 7.5% to 9.5%. The outlook assumes an average all-in fuel price of about $4.50 per gallon and an exchange rate of approximately 18 Mexican pesos per U.S. dollar. The company expects fuel costs in the fourth quarter to remain broadly flat from a year earlier. Management said roughly 70% of planned fourth-quarter capacity growth will come from wide-body flying, including long-haul expansion in Europe and Asia enabled by recent Boeing 787 deliveries. Domestic capacity is expected to increase 3% to 4%, supported by an increase in Mexico City airport slots to 46 per hour from 44. For the full year, Aeroméxico expects capacity growth of roughly 2% to 3%, revenue growth of 13.5% to 14.5%, an adjusted EBITDAR margin of 21.5% to 22.5%, and an operating margin of 8.5% to 9.5%. Executives said demand remains strong across leisure and corporate travel, with particular strength in Europe, Asia and U.S. markets. Murray said the company has not seen signs that demand is weakening as it pursues fuel-recapture actions through pricing and revenue-management initiatives. Conesa also said the U.S. Department of Transportation's decision to revoke its prior order affecting certain Mexican carriers gives Aeroméxico greater flexibility to add Mexico City-U.S. frequencies and services, subject to regulatory requirements. The company is evaluating opportunities, though Conesa said additional U.S. expansion would not occur this year and could begin in 2027. Aeroméxico announced additional routes planned for 2027, including Mexico City-Milan, Guadalajara-Paris, Nassau and Montego Bay. The company also said Cirium again recognized it as the world's most on-time airline during the third quarter. Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico's principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets. Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers. Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico. 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 "What Grupo Aeromexico (AERO) Said on Its Q3 Earnings Call" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

This article first appeared on GuruFocus. - Total Revenue: Record quarterly revenue of $1.62 billion, up 13.6% year-over-year (up 14% per CEO remarks); $194 million increase more than offset $121 million rise in fuel prices. - International Revenue: Grew 17.4% year-over-year, led by long-haul U.S. markets. - Domestic Revenue: Grew 6.7% year-over-year, strengthening through the quarter post-World Cup. - Premium Revenue: Represented 42% of total revenue, up 1 percentage point year-over-year. - Loyalty Program: Penetration reached record 40%, up 8 points year-over-year and 19 points since 2023 rebranding; redemption revenue grew 27% year-over-year. - Breakage Adjustment: $49 million in revenue recognized from loyalty program breakage update (first alignment since 2018). - Direct Online Share: All-time high of 48%, up 2 points year-over-year and 23 points versus 2019. - Capacity (ASMs): Up ~1% year-over-year; international ASMs +3%, domestic -3%. - Load Factor: August 90%, September 87%. - Operating Expenses: Total up 22% year-over-year; fuel expense up 58% (jet fuel averaged nearly $4/gallon); ex-fuel operating expenses up 10%. - Fuel Costs: Increased ~$170 million year-over-year, including ~$93 million above prior guidance; fuel consumption down 2%. - CASM ex-Fuel: Up 7% year-over-year, improved from ~15% increase in first half of 2026. - Adjusted EBITDA: $389 million, 24% margin. - Operating Income: $190 million, 12% operating (EBIT) margin. - Operating Cash Flow: $542 million net cash from operating activities through September 30, 2026. - Debt: Repaid additional $7 million during Q3; financial debt including leases continues on downward trajectory. - Cash Position: $965 million in cash and cash equivalents, up $31 million year-over-year; total liquidity of $1.2 billion (21% of last 12 months revenues) after upsizing revolving facility from $200 million to $250 million. - Q4 2026 Guidance: Capacity growth 7%-8%; revenue growth ~14%-16%; adjusted EBITDA margin 19.5%-21.5%; operating margin 7.5%-9.5%; assumes ~$4.5/gallon fuel and ~18 pesos per dollar. - Full Year 2026 Guidance: Capacity growth ~2%-3%; revenue growth ~13.5%-14.5%; adjusted EBITDA margin 21.5%-22.5%; operating margin 8.5%-9.5%. - Warning! GuruFocus has detected 6 Warning Signs with AERO. - Is AERO fairly valued? Test your thesis with our free DCF calculator. Release Date: October 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - Record quarterly revenue of $1.62 billion, up 13.6% year-over-year, with EBIT margin of 12% despite high fuel costs. - Premium revenue represented 42% of total revenue, up 1 percentage point year-over-year, and loyalty penetration reached 40%, an 8-point increase. - International revenue grew 17.4% year-over-year, led by long-haul markets, and domestic revenue grew 6.7% as World Cup impact normalized. - Strong cash flow generation with $542 million in net cash from operating activities through September, and cash position of $965 million, up $31 million year-over-year. - U.S. DOT revoked prior order disapproving Mexican carrier schedules, removing restrictions on adding frequencies and launching new U.S. routes, providing growth opportunities. - Fuel costs increased by approximately $170 million year-over-year, including $93 million above guidance, significantly pressuring profitability. - Total operating expenses increased 22% year-over-year, with CASM ex fuel up 7%, due to inflation, stronger Mexican peso, and fleet growth costs. - Revenue growth was not enough to offset combined increase in fuel and non-fuel costs, leading to margin pressure. - Fourth quarter guidance impacted by weaker peso, reducing revenue growth by about 2 percentage points, and higher fuel price assumption of $4.5 per gallon. - Potential FAA downgrade to Category 2 could restrict capacity deployment to the U.S., creating uncertainty for network expansion. Q: How does the peso exchange rate impact Aeromexico's revenue, costs, and margins, and what is the underlying revenue growth excluding FX? A: CEO Andres Labastida explained that Aeromexico has a natural hedge on currency, so FX movements do not directly affect the P&L, though a stronger peso boosts demand for Mexicans flying abroad. The weaker peso versus July guidance lowers dollar costs and dollar revenues, with an impact equivalent to about 2 percentage points on revenue growth. Adjusting for FX, fourth quarter revenue growth would be 16% to 18% versus 4Q 2025, and with additional initiatives could approach 20%. CFO Ricardo Sanchez Baker added that CASM ex-fuel for the fourth quarter could be better by around 2% to 3% given the FX impact. Q: How is Aeromexico progressing on fuel cost recapture, and are there signs of demand weakness? A: CEO Andres Labastida noted that revenue growth offset more than 100% of the fuel pressure in the third quarter, though not enough to cover inflation-driven nonfuel costs. For the fourth quarter, guidance assumes only modest recapture (around 90% to 93%), but with additional initiatives the company feels confident it can get close to 100% offset of fuel. CCO Aaron Murray added there are no signs of demand cracking, and the company continues to look weekly for opportunities to pass fuel costs to consumers. Q: What is the fourth quarter and full year 2026 guidance, and how did it change versus prior expectations? A: CFO Ricardo Sanchez Baker guided fourth quarter capacity growth of 7% to 8%, revenue growth of approximately 14% to 16%, adjusted EBITDA margin of 19.5% to 21.5%, and operating margin of 7.5% to 9.5%. For the full year 2026, capacity growth is approximately 2% to 3%, revenue growth approximately 13.5% to 14.5%, adjusted EBITDA margin 21.5% to 22.5%, and operating margin 8.5% to 9.5%. Guidance assumes an average jet fuel price of approximately $4.5 per gallon for the fourth quarter and an exchange rate of approximately 18 pesos per dollar. CEO Andres Labastida noted the additional fuel impact versus July guidance is about $170 million, roughly 11 margin points, implying EBIT margins near 20% on a like-for-like fuel basis. Q: What are the competitive capacity trends in the Mexican domestic market for the fourth quarter? A: CEO Andres Labastida said the other two Mexican carriers have revised capacity projections down, with one projecting high single-digit contraction in the first quarter. Aeromexico is covering its fair share of the Mexico City slot increase from 44 to 46 per hour and expects other airlines to follow. The 7% to 8% fourth quarter capacity growth is driven mainly by wide-body flying, with some additional narrow-body domestic flying, and does not include any additional U.S. flying since the DOT order was lifted only at the end of last week. Q: What is the outlook following the U.S. DOT's revocation of its prior order disapproving Mexican carrier services, and how does the FAA review factor in? A: CEO Andres Labastida called the DOT decision a very positive development that removes an important restriction on adding frequencies and launching new Mexico City-U.S. services. However, any new U.S. network expansion would not happen this year and, if anything, would begin in 2027. On the FAA review, he noted the Mexican government stressed the audit went well with far fewer observations than the prior review, and the 2026 budget includes a nearly 60% increase in resources for Mexico's civil aviation authority plus plans to hire around 500 more people. CCO Aaron Murray added that a follow-up review is expected in February, which the company has in mind when planning U.S. capacity deployment. Q: Which segments and geographies are driving demand strength, and how are corporate versus leisure trends? A: CCO Aaron Murray said the company is optimistic on the wide-body fleet, particularly Europe and Asia, with Europe capacity up about 25% in the fourth quarter and booked load factors up 2 to 3 points across all geographies. Strength is generally broad-based, more international than domestic, with the U.S. showing strong fuel recapture despite a tough comparison. On corporate versus leisure, a recent corporate survey showed most corporates expect stable or slightly higher fourth quarter demand; corporate lagged leisure during the World Cup but both are now growing at a similar clip year-over-year. Q: What is Aeromexico's view on the potential Volaris-VivaAerobus merger and possible remedies? A: CEO Andres Labastida said the company is awaiting the authorities' decision and cannot comment on whether the merger will be approved. He noted that similar transactions elsewhere in the world typically come with remedies if approved, and Aeromexico has shared its views with authorities. He stressed Aeromexico's focus is on strengthening its business, investing in its product, and differentiating its model from the two ULCCs, and that the company is in a good position going forward. Q: Could the Mexico City slot limit increase beyond 46 per hour given the DOT revocation? A: CEO Andres Labastida said Mexico's Secretary of Transportation indicated that by the end of the decade a larger number of operations could be expected, reaching the high 40s, which is in line with Aeromexico's own projections. Q: Have recent events in Europe, particularly in France, affected long-haul demand? A: CCO Aaron Murray said the company has seen no impact on demand from those events and is watching them closely. CEO Andres Labastida added that the Monterrey-Paris route has performed very solidly since launch and will continue, and Aeromexico is launching Guadalajara-Paris, applying the same Europe expansion strategy used for Madrid from Guadalajara and Monterrey. Q: What drove the third quarter revenue and profitability performance despite higher fuel costs? A: CEO Andres Labastida reported record quarterly revenue above the midpoint of June guidance and a 12% EBIT margin despite volatile fuel prices. Total revenue grew 14% year-over-year to $1.62 billion, with premium revenue at 42% of total (up 1 point) and loyalty penetration at a record For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Grupo Aeroméxico. de (NYSE:AERO) just posted third quarter 2026 results, reporting revenue of US$1,619 million and net income of US$41 million, an update that refocuses attention on the airline's profit profile. Against that earnings backdrop, Grupo Aeroméxico. de's share price return over 2026 tells a different story, with the stock down 27.6% year to date, even after a 4.4% gain over the past 90 days. This points to tentative momentum rebuilding after a weak stretch. Spot opportunities that echo Grupo Aeroméxico. de's mixed earnings and share price reset by scanning hand-picked 35 high quality undervalued stocks with stronger recent momentum and fundamentals. So with Grupo Aeroméxico. de posting stronger revenue yet a weaker share price this year, the choice is simple but tricky. Is that recent rebound enough to justify stepping in now, or does patience still look cheaper? Against the last close at $15.89, the most followed narrative for Grupo Aeroméxico. de points to a fair value of $26.88, which frames today's reset as a valuation gap rather than just a weak chart. Gradual capacity growth of 3% to 5% ASMs in 2026, supported by a 170 aircraft fleet and higher narrow body utilization, can spread fixed ownership costs over more flying and support operating margin and EBITDAR margin resilience. See why 2 investors see Grupo Aeroméxico. de as 41% undervalued. Result: Fair Value of $26.88 (UNDERVALUED) Still, pressure on passenger yields in 2025 and uncertainty around Mexico to U.S. route restrictions could quickly challenge the bullish narrative around Grupo Aeroméxico de. Find out about the key risks to this Grupo Aeroméxico. de narrative. The mix of optimism and concern around Grupo Aeroméxico. de is clear, and you do not need to sit on the sidelines while others debate it. Take a closer look at the full picture of potential upsides and pressure points by checking the 4 key rewards and 3 important warning signs. If Grupo Aeroméxico. de has you reconsidering where risk and reward line up, use this moment to identify a few fresh candidates before the next move. - Target potential mispricings by scanning a curated set of quality companies through the 35 high quality undervalued stocks, combining solid fundamentals with compressed expectations. - Build a steadier core for your portfolio by hunting for resilient payers using the 8 dividend fortresses, focusing on income strength and durability. - Reduce unexpected shocks by filtering for companies with cleaner finances through the list of solid balance sheet and fundamentals (25 results), prioritising robust balance sheets and underlying business health. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AERO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

GE Aerospace GE reported third-quarter 2026 adjusted earnings of $2.25 per share, up 36% year over year. The figure beat the Zacks Consensus Estimate of $2.02 by 11.4%. Strong commercial services activity and higher equipment deliveries supported results. GE's total revenues rose 16% year over year to $14.12 billion. Adjusted revenues increased 18% to $13.29 billion, surpassing the consensus mark of $12.65 billion by 5.1%. Total orders jumped 49% to $18.99 billion, highlighting strong demand across the business. Commercial Engines & Services ("CES") segment's orders rose 58% year over year to $15.27 billion, as services orders increased 23% and equipment orders more than tripled. Defense & Propulsion Technologies ("DPT") segment's orders advanced 18% to $4.27 billion. GE Aerospace announced commitments for more than 1,800 engines at the Farnborough International Airshow, including an agreement covering more than 1,000 LEAP-1A engines with IndiGo. It also inked an agreement with Turkish Airlines for more than 300 LEAP-1B engines and a long-term services agreement. CES' revenues increased 21% year over year to $10.34 billion in the third quarter of 2026. Services revenues rose 17%, supported by 12% growth in internal shop visit revenues. Shop visit activity benefited from higher volume, including LEAP growth of more than 40%, and heavier maintenance work. Spare parts revenues climbed more than 20%. Equipment revenues advanced 38%, reflecting 8% growth in engine deliveries, including a 5% increase in LEAP deliveries, and higher GEnx volume. Segment operating profit rose 21% to $2.89 billion, while operating margin narrowed 10 basis points to 27.9% due to mix and inflation. DPT's revenues grew 7% year over year to $3.47 billion in the third quarter. Defense & Systems revenues rose 5% on higher services and equipment demand, including a 4% increase in engine deliveries. Propulsion & Additive Technologies revenues increased 10%, driven by Avio Aero and Unison. Segment operating profit rose 8% to $475 million, while operating margin improved 20 basis points to 13.7%. Higher volume and pricing offset some pressure from sales mix and inflation. GE Aerospace price-consensus-eps-surprise-chart | GE Aerospace Quote GE Aerospace's combined cost of equipment and services sold increased to $9.10 billion from $7.76 billion a year earlier. Selling, general and administrative expenses fell to $1.11 billion from $1.20 billion, while research and development costs rose to $458 million from $415 million. Adjusted operating profit climbed 30% year over year to $2.99 billion. Adjusted operating margin expanded 220 basis points to 22.5%. On a GAAP basis, profit rose 12% to $2.81 billion, but the profit margin narrowed 80 basis points to 19.9%, reflecting different items included in the results. GE ended the September quarter with $8.76 billion in cash, cash equivalents and restricted cash. Total borrowings were $19.33 billion, including $2.34 billion of short-term debt and $16.99 billion of long-term borrowings. The company's total remaining performance obligations reached $212.08 billion. GE's third-quarter cash from operating activities fell 14% year over year to $2.20 billion, while free cash flow declined 14% to $2.04 billion. In the first nine months of 2026, free cash flow increased 13% to $6.73 billion. GE repurchased $2.0 billion of shares in the quarter. GE now expects 2026 adjusted revenue growth of approximately 19-20% compared with its prior high-teens forecast. Adjusted operating profit is projected to be in the band of $10.9-$11.0 billion, up from $10.55-$10.75 billion. The adjusted earnings outlook increased to $8.00-$8.10 per share from $7.65-$7.85. Free cash flow is expected between $9.1 billion and $9.4 billion versus $8.9-$9.2 billion earlier. CES' revenues are projected to grow at a low-20s rate, with operating profit of $10.5-$10.6 billion. DPT's revenues are projected to rise at a low-double-digit pace, with operating profit of $1.6-$1.7 billion. The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. RTX Corporation's RTX third-quarter 2026 adjusted earnings per share (EPS) of $2.26 beat the Zacks Consensus Estimate of $1.78 by 27%. The bottom line improved 32.9% from the year-ago quarter's level of $1.70. Revenues rose 11.1% year over year to $24.97 billion and beat the consensus mark of $24.01 billion by 4%. Growth was supported by higher commercial aftermarket and defense demand. Northrop Grumman Corporation NOC reported third-quarter 2026 adjusted earnings of $7.89 per share, which beat the Zacks Consensus Estimate of $7.22 by 9.3%. The bottom line also increased 2.9% from the year-ago quarter's level of $7.67. NOC's total sales of $11.12 billion in the third quarter beat the Zacks Consensus Estimate of $11.06 billion by 0.6%. The top line also improved 6.7% from $10.42 billion in the year-ago quarter. Grupo Aeromexico, S.A.B. de C.V AERO reported $1.62 billion in revenues in the third quarter of 2026, representing no change year over year. EPS was 28 cents compared with breakeven earnings a year ago. Reported revenues exceeded the Zacks Consensus Estimate of $1.61 billion by 0.62%. EPS missed the consensus mark of $0.29, delivering an average negative surprise of 3.45%. 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 GE Aerospace (GE) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report Grupo Aeromexico SAB DE CV - Sponsored ADR (AERO) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

- Record Quarterly Total Revenue of $1.6 billion - Adjusted EBITDAR(1) Margin of 24% - Operating Margin of 12% - Liquidity(2) to LTM Revenue ratio at 21% MEXICO CITY, Oct. 19, 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 September 30, 2026 ("3Q26"). 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 another strong quarter, with record revenue and a double-digit operating margin of 12%. Demand remained healthy, driven primarily by strong international markets, premium revenue growth, and continued momentum in our loyalty program. Despite jet fuel prices reaching historic highs during the quarter, targeted revenue initiatives, disciplined cost management, and moderated capacity deployment enabled us to offset the impact of higher fuel costs. Looking ahead, demand trends remain constructive, and we expect fourth quarter revenue to grow by approximately 15% year over year. As we resume growth with discipline, we expect to unlock further operating leverage and continue enhancing profitability." OPERATING & FINANCIAL HIGHLIGHTS 3Q26 - Capacity, measured in available seat miles (ASMs), increased by 1.3% year-over-year. - Total revenue reached $1.6 billion; a 13.6% increase compared to the same period of 2025. - Total fuel expense amounted to $469.0 million, a 57.6% year-over-year increase, equivalent to an increase of $171.5 million. - Adjusted EBITDAR(1) totaled $389.2 million, with a 24.0% margin. - Operating income totaled $189.6 million, with an 11.7% margin. - Total adjusted net debt to EBITDAR(1) ended the quarter at 2.1x. - Liquidity(2) totaled $1.2 billion, equivalent to 20.7% of last-twelve-month revenues. 4Q26 & FULL YEAR OUTLOOK Indicator | 4Q26 Guidance | FY26 Guidance Total capacity (ASMs) YoY (%) | ~ +7.0% to +8.0% | ~ +2.0% to +3.0% Total Revenue YoY (%) | ~ +14.0% to +16.0% | ~ +13.5% to +14.5% Adjusted EBITDAR Margin (1) | ~ 19.5% to 21.5% | ~ 21.5% to 22.5% Operating Income Margin | ~ 7.5% to 9.5% | ~ 8.5% to 9.5% | | The Company's updated outlook for the remainder of the year reflects the October 16, 2026 fuel forward curve and continued cost pressures, while maintaining the assumption of a healthy demand environment. Revenue generation in the fourth quarter is expected to remain healthy, supported by sustained demand trends and disciplined commercial execution. Higher utilization of our existing fleet is expected to support planned capacity growth, strengthen operating leverage, and keep cost per ASM excluding fuel (CASM-Ex) broadly stable year-over-year in 4Q26. The guidance reflects an average all-in fuel price of approximately USD $4.5 per gallon for the fourth quarter. It also assumes exchange rate of $18.0 Mexican pesos per U.S. dollar for the fourth quarter. KEY FINANCIAL AND OPERATING HIGHLIGHTS FOR THE THIRD QUARTER | Three Months Ended September 30 | Nine Months Ended September 30 Key Financial KPIs | 2026 | 2025 | Var. | 2026 | 2025 | Var. Total revenue (USD millions) | 1,619 | 1,425 | 13.6% | 4,440 | 3,923 | 13.2% Adjusted EBITDAR(1)(USD millions) | 389 | 442 | (11.9)% | 989 | 1,171 | (15.5)% Adjusted EBITDAR margin(1)(% of revenue) | 24.0% | 31.0% | (7.0)p.p. | 22.3% | 29.9% | (7.6)p.p. Total operating income (loss) (USD millions) | 190 | 253 | (25.0)% | 399 | 625 | (36.1)% Operating income margin (% of revenue) | 11.7% | 17.7% | (6.0)p.p. | 9.0% | 15.9% | (6.9)p.p. Key Operating Indicators | 2026 | 2025 | Var. | 2026 | 2025 | Var. Total ASMs (millions) | 9,395 | 9,277 | 1.3% | 27,248 | 27,054 | 0.7% Passengers ('000) | 6,161 | 6,362 | (3.2)% | 17,966 | 18,419 | (2.5)% Total revenue / ASM (USD cents) | 17.2 | 15.4 | 12.2% | 16.3 | 14.5 | 12.4% Total cost / ASM (USD cents) | 15.1 | 12.7 | 19.4% | 14.8 | 12.2 | 21.4% Total cost excluding fuel / ASM (USD cents) | 10.1 | 9.5 | 7.1% | 10.1 | 9.0 | 12.1% Foreign Exchange* | 2026 | 2025 | Var. | 2026 | 2025 | Var. Average | 17.22 | 18.67 | (7.7)% | 17.40 | 19.57 | (11.1)% *Source: Company with information from Banxico. Figures may not sum to total due to rounding. | | THIRD QUARTER 2026 RESULTS Income Statement Discussion Revenue Total revenue for the third quarter of 2026 reached $1.6 billion, a 13.6% year-over-year increase, setting a quarterly record for the Company. Revenue growth was primarily driven by higher passenger revenue, particularly across international markets, as the Company implemented targeted pricing actions to mitigate the impact of higher fuel costs. This performance reflects the Company's ability to pass-through the impact of elevated fuel prices, supported by disciplined network deployment, and complementary revenues, including loyalty and cargo. During the third quarter of 2026, Aeroméxico updated its loyalty program breakage — the first such alignment since 2018— to better reflect current member activity and long-term program trends. This update resulted in the recognition of $48.7 million in revenue for the period alongside an adjustment to our deferred liability. More importantly, this updated approach establishes the baseline that will drive sustained, positive growth in our annual loyalty revenue moving forward. Our premium revenue(3) mix reached 42% of passenger-related revenue, 1 p.p. above 3Q25, supported by continued upsell of higher-yield products and ancillary services. The Company's fare segmentation and premium cabin cross-sell initiatives continue to broaden customer choice while enhancing the strength and resilience of our revenue base. Cargo revenues grew 15.8%, driven by the implementation of various commercial initiatives. Capacity increased 1.3% year over year, in line with the Company's guidance. The Company continued to optimize its network through disciplined capacity deployment, selectively allocating capacity toward higher-yielding international markets and adjusting flight frequencies to align supply with demand. Total revenue per Available Seat Mile ("TRASM") reached 17.2¢, representing a 12.2% year-over-year increase. This growth was primarily driven by higher passenger revenue, particularly across international markets, as well as increases in cargo revenue, loyalty, and other commercial revenues. | Three Months Ended September 30 | Nine Months Ended September 30 Total revenue (USD million) | 2026 | 2025 | Var. | 2026 | 2025 | Var. Domestic | 541 | 507 | 6.7% | 1,556 | 1,418 | 9.7% International | 1,078 | 918 | 17.4% | 2,884 | 2,505 | 15.1% Total revenue | 1,619 | 1,425 | 13.6% | 4,440 | 3,923 | 13.2% Figures may not sum to total due to rounding. Operating Expenses In 3Q26, 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 21.9% compared to 3Q25. The increase was primarily driven by higher fuel costs, as prices remained elevated throughout the quarter, with benchmark prices peaking above $4.7 per gallon in September—the highest level since the Middle East conflict began in March. Fuel expense increased by approximately $171.5 million year-over-year, exceeding the level contemplated in the Company's 3Q26 guidance by approximately $93.0 million. Fuel cost per gallon(4) increased by 60.6% compared to 3Q25, averaging US$4.0 per gallon in 3Q26 compared to US$2.5 per gallon in 3Q25. Fuel consumption decreased by 1.8% year-over-year, while fuel burn per ASM (liters of fuel consumed per ASM) decreased by 3.1%, mainly due to a more efficient fleet mix. Excluding fuel, operating expenses rose 9.8% year over year. This rise primarily reflected the continued strength of the Mexican peso, which increased the dollar-denominated cost of certain peso-based expenses, as well as inflationary pressures on wages, salaries, and benefits, higher distribution costs due to increased sales, and increased depreciation and amortization associated to fleet growth. CASM-Ex was 10.1¢ in 3Q26, representing an increase of 7.1% compared with the same period in 2025. The increase primarily reflected the impact of the stronger Mexican peso and inflationary pressures, partially offset by continued cost discipline and operating efficiencies. Adjusted EBITDAR(1) and Operating Income Adjusted EBITDAR(1) amounted to $389.2 million, representing a strong 24.0% margin. These results reflect solid revenue performance and the Company's ability to offset the year-over-year increase in fuel costs in absolute terms. Operating income for the third quarter was $189.6 million, representing a robust 11.7% operating margin. While profitability was pressured by a higher-than-expected fuel environment and the expected increase in non-fuel operating costs, this performance underscores the strength of the Company's business model and its ability to preserve healthy profitability despite these headwinds. Net Financing Cost Net financing costs increased by 7.7% compared to the same period in 2025, mainly driven by higher financial expenses arising from lease obligations associated with fleet expansion. Net Income Net income in 3Q26 totaled $40.6 million, with a 2.5% margin. BALANCE SHEET AND CASH FLOW As of September 30, 2026, Aeroméxico generated $541.7 million in net cash from operating activities, supporting both its planned investments and deleveraging program. Despite elevated fuel prices and related cost pressures, this strong operating cash generation enabled the Company to maintain its capital expenditure plan while continuing to reduce financial debt. During the third quarter, the Company repaid $7.2 million of financial debt, further reducing its outstanding obligations. As of September 30, 2026, Aeroméxico reported cash and cash equivalents of $965.1 million, an increase of $31.0 million compared with the same period in the previous year. During the quarter, the Company renewed and upsized its revolving credit facility from $200.0 million to $250.0 million. Including the revolving credit facility, total liquidity reached $1.2 billion, representing 20.7% of last-twelve-month revenue. OPERATING FLEET During 3Q26, Grupo Aeroméxico received one Boeing 787-9 aircraft. Grupo Aeroméxico's operating fleet was comprised of 170 aircraft as of September 30, 2026, with an average age of 9.1 years. Operating Fleet | 4Q25 | 1Q26 | 2Q26 | 3Q26 B-737-800 | 34 | 34 | 34 | 34 B-737 MAX 8 | 45 | 45 | 47 | 47 B-737 MAX 9 | 30 | 30 | 30 | 30 B-787-8 | 8 | 8 | 8 | 8 B-787-9 | 14 | 15 | 16 | 17 Aeroméxico | 131 | 132 | 135 | 136 | | | | E-190 | 34 | 34 | 34 | 34 Aeroméxico Connect | 34 | 34 | 34 | 34 Grupo Aeroméxico | 165 | 166 | 169 | 170 | | | | Footnotes - See Annex A for the definition of Aeroméxico's non-IFRS measures and a reconciliation to the nearest IFRS measure. - Liquidity is defined as cash and cash equivalents, and the revolving credit facility. - Premium revenue mix consists of revenue from premium products and services above Basic / Classic coach cabin products. Ratio is calculated based on total passenger revenue. - Equivalent to 1.05 USD per liter in 3Q26 and 66¢ per liter in 3Q25. 3Q26 EARNINGS CALL INFORMATION Date | Tuesday, October 20, 2026 Time | 10:00 a.m. ET (NY) / 8:00 a.m. CT (CDMX) Webcast Link | https://edge.media-server.com/mmc/p/uh5yer4m/ Participant Listening* | https://register-conf.media-server.com/register/BIce2042e6b22d45d587f891c8178a6137 | *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 26 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 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. Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries Consolidated Statements of Profit or Loss and other Comprehensive Income (Unaudited) | Three Months Ended September 30 | Nine Months Ended September 30 | 2026 | 2025 | Var. % | 2026 | 2025 | Var. % Revenues: | | | | | | Passenger | 1,414 | 1,299 | 8.8% | 3,935 | 3,557 | 10.6% Air cargo | 90 | 78 | 15.8% | 252 | 230 | 9.7% Other | 115 | 48 | NA | 252 | 135 | 86.4% Total revenue | 1,619 | 1,425 | 13.6% | 4,440 | 3,923 | 13.2% | | | | | | Operating expenses: | | | | | | Jet-fuel | 469 | 297 | 57.6% | 1,278 | 858 | 48.9% Wages, salaries and benefits | 325 | 299 | 8.6% | 949 | 829 | 14.5% Maintenance | 66 | 64 | 2.9% | 212 | 167 | 26.8% Aircraft, communications and traffic services | 182 | 166 | 9.4% | 508 | 451 | 12.7% Passenger services | 46 | 41 | 11.0% | 127 | 112 | 13.5% Travel agent commissions | 30 | 26 | 15.0% | 80 | 70 | 15.5% Selling and administrative | 104 | 92 | 12.5% | 284 | 258 | 10.0% Aircraft leasing | 3 | 5 | (27.1)% | 11 | 13 | (9.4)% Depreciation and amortization | 196 | 184 | 6.6% | 579 | 537 | 7.8% Impairment (reversal) | — | — | NA | — | (4) | NA Other (income) loss, net | 8 | (2) | NA | 13 | 13 | (0.2)% Share of gain on equity accounted investees, net of tax | — | (2) | NA | — | (5) | NA Total operating expenses | 1,429 | 1,172 | 21.9% | 4,040 | 3,297 | 22.5% | | | | | | Total operating income | 190 | 253 | (25.0)% | 399 | 625 | (36.1)% | | | | | | Finance income (cost): | | | | | | Net finance cost | (142) | (132) | 7.7% | (407) | (391) | 3.9% Income before income tax | 48 | 121 | (60.6)% | (7) | 234 | NA Income tax (benefit) | 7 | 24 | (70.4)% | (1) | 47 | NA Net income (loss) for the period | 41 | 97 | (58.1)% | (6) | 187 | NA Figures may not sum to total due to rounding. | | | | | | Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries Earnings per Share (Unaudited) | Three Months Ended September 30 | Nine Months Ended September 30 (In thousands of U.S. dollars, except for income per share) | 2026 | 2025 | 2026 | 2025 Income for the year | 41 | 97 | (6) | 187 Earnings per share from continuing operations | | | | Basic income per share (US dollars) | 0.03 | 0.07 | 0.00 | 0.14 Diluted income per share (US dollars) | 0.03 | 0.07 | 0.00 | 0.14 Basic income (loss) per ADS (US dollars) | 0.28 | 0.72 | (0.04) | 1.38 Diluted income (loss) per ADS (US dollars) | 0.28 | 0.71 | (0.04) | 1.37 Figures may not sum to total due to rounding. | | | | Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries Consolidated Statements of Financial Position (Unaudited) | (USD Millions) | September 30, 2026 | December 31, 2025 Assets | | Current assets: | | Cash and cash equivalents | 965 | 1,024 Trade and other receivables | 854 | 700 Due from related parties | 9 | 3 Prepayments and deposits | 65 | 78 Inventories | 194 | 174 Total current assets | 2,088 | 1,980 Non-current assets: | | Property and equipment, including right-of-use | 3,724 | 3,674 Other non–current assets | 1,584 | 1,539 Total non-current assets | 5,308 | 5,213 Total assets | 7,396 | 7,193 | | Liabilities | | Current liabilities: | | Loans and borrowings, including leases | 475 | 451 Others | 2,865 | 2,645 Total current liabilities | 3,339 | 3,096 Non-current liabilities: | | Loans and borrowings, including leases | 3,588 | 3,604 Others | 1,063 | 1,085 Total non-current liabilities | 4,651 | 4,689 Total liabilities | 7,991 | 7,785 | | Equity | | Total equity (deficit) | (595) | (592) | | Total equity and liabilities | 7,396 | 7,193 Figures may not sum to total due to rounding. | | Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries Consolidated Statements of Cash Flows (Unaudited) | (USD Millions) | Nine Months Ended September 30 | 2026 | 2025 | Var. ($) Cash flow from operating activities: | | | Income for the period | (6) | 187 | (193) Income tax expense | (1) | 47 | (48) Depreciation and amortization | 579 | 537 | 42 Other non-cash adjustments | 298 | 280 | 18 | 869 | 1,051 | (182) Changes in current assets & liabilities, net | (328) | (483) | 155 Trade and other receivables | (129) | (1) | (128) Trade and other payables | (10) | (197) | 188 Air traffic liability | 95 | (36) | 131 Others, net | (41) | (29) | (12) Interest paid | (243) | (219) | (24) Net cash from operating activities | 542 | 568 | (26) Cash flow from investing activities: | | | Acquisition of properties and equipment (including major maintenance) | (258) | (213) | (46) Other investing activities, net | (12) | 4 | (15) Net cash used in investing activities | (270) | (209) | (61) Cash flow from financing activities: | | | Payments of lease liabilities | (304) | (269) | (35) Repayment of loans | (24) | (93) | 68 Other financing activities, net | — | 65 | (65) Net cash used in financing activities | (328) | (297) | (31) Effect of exchange rate fluctuations on cash held | (3) | 30 | (33) Net increase (decrease) in cash and cash equivalents | (59) | 92 | (151) Cash and cash equivalents: | | | At beginning of the period | 1,024 | 842 | 182 At end of the period | 965 | 934 | 31 Figures may not sum to total due to rounding. FINANCIAL AND OPERATIONAL INDICATORS | Three Months Ended September 30 | Nine Months Ended September 30 Financial Indicators | 2026 | 2025 | Var. | 2026 | 2025 | Var. Total revenue | 1,619 | 1,425 | 13.6% | 4,440 | 3,923 | 13.2% Passenger revenue | 1,414 | 1,299 | 8.8% | 3,935 | 3,557 | 10.6% Adjusted EBITDAR(1) | 389 | 442 | (11.9)% | 989 | 1,171 | (15.5)% Adjusted EBITDAR margin(1)(% revenue) | 24.0% | 31.0% | (7.0)p.p. | 22.3% | 29.9% | (7.6)p.p. Total operating income (loss) | 190 | 253 | (25.0)% | 399 | 625 | (36.1)% Operating income margin (% of revenue) | 11.7% | 17.7% | (6.0)p.p. | 9.0% | 15.9% | (6.9)p.p. Net income (loss) | 41 | 97 | (58.1)% | (6) | 187 | NA Net income (loss) margin (% of revenue) | 2.5% | 6.8% | (4.3)p.p. | (0.1)% | 4.8% | (4.9)p.p. Operating Indicators | 2026 | 2025 | Var. | 2026 | 2025 | Var. Total ASMs (millions) | 9,395 | 9,277 | 1.3% | 27,248 | 27,054 | 0.7% Total RPMs (millions) | 8,296 | 8,184 | 1.4% | 23,403 | 23,119 | 1.2% Load factor on scheduled flights (%) | 88.3% | 88.2% | 0.1p.p. | 85.9% | 85.5% | 0.4p.p. Passengers ('000) | 6,161 | 6,362 | (3.2)% | 17,966 | 18,419 | (2.5)% On-Time departure performance within 15 min.(%) | 90.9% | 91.5% | (0.6)p.p. | 91.0% | 92.0% | (1.0)p.p. Total liters of fuel ('000) | 445,237 | 453,547 | (1.8)% | 1,300,904 | 1,319,298 | (1.4)% Yield (USD cents)(2) | 15.3 | 13.9 | 10.6% | 14.9 | 13.5 | 10.3% Total revenue / ASM (USD cents) | 17.2 | 15.4 | 12.2% | 16.3 | 14.5 | 12.4% Passenger revenue / ASM (USD cents)(2) | 13.5 | 12.2 | 10.7% | 12.8 | 11.5 | 10.8% Total cost / ASM (USD cents) | 15.1 | 12.7 | 19.4% | 14.8 | 12.2 | 21.4% Total cost excluding fuel / ASM (USD cents) | 10.1 | 9.5 | 7.1% | 10.1 | 9.0 | 12.1% Other Indicators | 2026 | 2025 | Var. | 2026 | 2025 | Var. Fuel cost per gallon (USD cents) | 3.99 | 2.48 | 60.6% | 3.71 | 2.46 | 50.8% FX close(3) | 17.84 | 18.38 | (2.9)% | 17.84 | 18.38 | (2.9)% FX average(3) | 17.22 | 18.67 | (7.7)% | 17.40 | 19.57 | (11.1)% Figures may not sum to total due to rounding. 1) See Annex A for the definition of Aeroméxico's non-IFRS measures and a reconciliation to the nearest IFRS measure. 2) Estimated as passenger revenues (excluding ancillaries) divided by total RPMs. 3) Source: Company with information from Banxico. 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, 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. | Three Months Ended September 30 | Nine Months Ended September 30 Adjusted EBITDAR reconciliation | 2026 | 2025 | Var. | 2026 | 2025 | Var. Profit (loss) for the period | 41 | 97 | (58.1)% | (6) | 187 | NA (+) Income tax expense (benefit) | 7 | 24 | (70.4)% | (1) | 47 | NA (+) Depreciation and amortization(1) | 196 | 184 | 6.6% | 579 | 537 | 7.8% (+) Net finance cost | 142 | 132 | 7.7% | 407 | 391 | 3.9% (+) Impairment (reversal) | — | — | NA | — | (4) | NA (+) Aircraft leasing(2) | 3 | 5 | (27.1)% | 11 | 13 | (9.4)% Adjusted EBITDAR(3) | 389 | 442 | (11.9)% | 989 | 1,171 | (15.5)% Figures may not sum to total due to rounding. 1) Depreciation and amortization expense as presented in our profit or loss. 2) Aircraft leasing is comprised of short-term rentals of flight equipment, including subject to PBH period. 3) Adjusted EBITDAR is a non-IFRS measure and has 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. Adjusted net debt reconciliation | As of September 30, 2026 | As of December 31, 2025 Total loans and borrowings, including leases | 4,063 | 4,055 (-) Cash and cash equivalents | 965 | 1,024 Adjusted net debt(1) | 3,098 | 3,031 Figures may not sum to total due to rounding. 1) Adjusted Net Debt is a non-IFRS measure and has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of the Company's results as reported under IFRS. Net leverage ratio reconciliation (Adjusted net debt / Last twelve months adjusted EBITDAR) | As of September 30, 2026 | As of December 31, 2025 Adjusted net debt(1) | 3,098 | 3,031 Last twelve months adjusted EBITDAR(1) | 1,491 | 1,672 Net leverage ratio(1) | 2.1x | 1.8x Figures may not sum to total due to rounding. 1) Adjusted Net Debt, Adjusted EBITDAR and Net Leverage Ratio are non-IFRS measures and 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. CONTACT: | | Investor Relations | | [email protected] | | Corporate Communications | | [email protected] | | | |

Oil above US$100 has turned space infrastructure from a distant dream into a very current story about energy security, surveillance, and communications resilience. Governments suddenly care a lot more about what orbits Earth, and that can mean fresh contract pipelines for companies building the hardware, software, and launch capacity. This piece examines three stocks from our global space infrastructure screener that investors may want to keep on their radar. The three stocks highlighted below are just a sample. Our full Global Space Race screen surfaces 58 more listed players whose stories are not covered here but may be just as interesting for long term capital. To go straight to the source and analyze, compare, and identify potential high conviction ideas, head into the Global Space Race Stocks screener. Bet Shemesh Engines Holdings (1997) produces high precision jet engine components and complete engines that can be adapted for rocket turbopumps, propulsion test stands, and launch or defense platforms, while still earning most of its income from broader aviation. It reported about US$158 million from Engines and US$199 million from Manufacturing of Parts, with a market cap around ₪7.4b. Space investors may consider Bet Shemesh Engines because it fabricates the disks, blades, and cases that sit inside gas turbine engines and can be certified for rocket propulsion and defense launch systems. The stock reflects earnings growth and governance strength, although the high P/E and balance sheet structure mean a shift in how funding costs or demand evolve could matter significantly for margins. If that funding sensitivity has your attention, review the Bet Shemesh Engines Holdings (1997) financial health report to see how Bet Shemesh Engines Holdings (1997) might handle swings in capital costs. Lockheed Martin is best known for fighter jets and missile systems, yet its Space segment is a core supplier of satellites, launch-related systems, and secure ground networks for governments competing in the new space race. The group generated about US$31.2b from Aeronautics, US$19.8b from Rotary and Mission Systems, US$16.4b from Missiles and Fire Control, and US$13.8b from Space, with total figures reduced by US$4.1b of intersegment sales, and the stock carries a market value near US$122.9b. Lockheed Martin's Space arm is where the Global Space Race theme becomes tangible for this diversified defense giant, tying orbital assets directly into missile defense, secure communications, and intelligence networks. "Lockheed Martin is moving munitions like PAC-3, THAAD, PrSM and JATM onto seven year framework agreements that aim to triple or quadruple production and allow the company to retain a larger share of cost savings from capacity investments such as robotics in Camden. This can support higher future revenue and structurally stronger net margins." What ultimately happens to profitability will hinge on how one quiet pressure around future contract economics and capital costs unfolds. That contract pressure is exactly why it helps to read the full narrative for Lockheed Martin, where the moving pieces around capacity, pricing power, and capital costs are explained in full detail. Montana Aerospace supplies high precision titanium and aluminum aerostructures that feed directly into satellites, launch vehicles, and space qualified aircraft, while still running a broader industrial components and automation business, and it carries a market value of about CHF1.5b. For the Global Space Race theme, Montana Aerospace matters because it forges the metal skeletons and engine parts that allow satellites and launch systems to handle extreme stress, putting it squarely in the supply chain for space hardware even as its wider industrial work remains important. "Ongoing supply chain fragility, including fastener shortages and mixed demand signals across extrusion, machining and assembly, may force Montana Aerospace either to carry higher trade working capital or accept lower throughput in some assets." What that really means for future margins will hinge on how one quiet constraint on its aerospace and space order flow gets resolved. Those supply chain constraints are only part of the story, and the full narrative for Montana Aerospace shows where Montana Aerospace could accelerate if bottlenecks ease and capital intensity shifts. Fresh ideas move first. By the time every investor spots a breakout, the best entry often has flown. Scan these under the radar opportunities while it matters and get in early. - Spot potential breakout cash machines early and run your filters across the 191 high quality undervalued stocks before the crowd starts chasing the same tickers. - Ride structural momentum in electrification and grid upgrades by scouting the 41 power grid technology and infrastructure stocks while pricing dislocations and sentiment gaps are still fresh. - Target resilient compounding income and pressure test payout strength using the curated 214 dividend fortresses before yields get compressed by new buyers. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

MEXICO CITY, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, "Aeroméxico") reports its September 2026 operational results. Grupo Aeroméxico's total capacity, measured in available seat miles (ASMs), increased 3.4% year-over-year, while demand, measured in revenue passenger miles (RPMs), increased 3.6%. Aeroméxico's September load factor was 87.1%, an increase of 0.1 p.p. compared with September 2025. During the month, Aeroméxico transported 1 million and 853 thousand passengers. Andrés Conesa, Chief Executive Officer stated: "Our September traffic results reflect the strength of our network and the disciplined execution of our strategy to align capacity with demand. Our continued shift toward key international markets, together with disciplined capacity allocation, supported overall demand growth and the strong performance of our international operations while maintaining healthy load factors, despite the typical seasonal moderation in demand following the peak summer travel period. These results reinforce our confidence in the resilience of demand as we move into the final quarter of the year. While higher jet fuel prices continue to create a more challenging cost environment than anticipated, we remain focused on executing our commercial and operational initiatives to optimize our capacity deployment, capture demand opportunities, and support the long-term profitability of the business." | | September | | Cumulative to September | | 2026 | | 2025 | | Var. | | 2026 | | 2025 | | Var. | | | | | | | | Passengers | Domestic | 1,226 | | 1,276 | | -3.9% | | 11,662 | | 12,134 | | -3.9% (itinerary + charter, thousands) | International | 627 | | 617 | | 1.8% | | 6,304 | | 6,285 | | 0.3% Total | 1,853 | | 1,892 | | -2.1% | | 17,966 | | 18,419 | | -2.5% | | | | | | | | ASMs | Domestic | 802 | | 830 | | -3.4% | | 7,797 | | 8,041 | | -3.0% (itinerary + charter, millions) | International | 2,090 | | 1,966 | | 6.3% | | 19,451 | | 19,013 | | 2.3% Total | 2,892 | | 2,796 | | 3.4% | | 27,248 | | 27,054 | | 0.7% | | | | | | | | RPMs | Domestic | 689 | | 715 | | -3.7% | | 6,598 | | 6,851 | | -3.7% (itinerary + charter, millions) | International | 1,830 | | 1,716 | | 6.6% | | 16,804 | | 16,267 | | 3.3% Total | 2,518 | | 2,431 | | 3.6% | | 23,403 | | 23,119 | | 1.2% | | | | | | | | Load Factor | Domestic | 85.9% | | 86.1% | | -0.3 p.p. | | 84.6% | | 85.2% | | -0.6 p.p. (itinerary, %) | International | 87.6% | | 87.3% | | 0.2 p.p. | | 86.4% | | 85.6% | | 0.9 p.p. Total | 87.1% | | 87.0% | | 0.1 p.p. | | 85.9% | | 85.5% | | 0.5 p.p. 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 information: [email protected]

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]