AERO on NYSE
Grupo Aeromexico, S.A.B. de C.V.
Our legal name is “Grupo Aeroméxico, S.A.B. de C.V.” Our commercial name is “Grupo Aeroméxico.” We were incorporated in México on March 19, 2002.1
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Last updated Oct 19, 2026.
Overview
- TickerAERO on NYSE1
- IndustryAir Transportation, Scheduled1
- HeadquartersO51
- Incorporated inMexico2
- Business addressPaseo De La Reforma 445, Col. Cuauhtemoc, Mexico, D.F., O5 065002
- Filer categoryNon-accelerated filer2
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Our legal name is “Grupo Aeroméxico, S.A.B. de C.V.” Our commercial name is “Grupo Aeroméxico.” We were incorporated in México on March 19, 2002. We are currently incorporated as a public variable capital company under the LMV and the LGSM, with duration of 99 years and registered in Mexico City, Mexico. Our registered and principal executive office is located at Avenida Paseo de la Reforma 243, 25 th Floor, Col. Cuauhtémoc, Cuauhtémoc, 06500, Mexico City, Mexico. The telephone number at this address is +52 (55) 9132 4000. Our agent for service of process in the United States for U.S. federal security law purposes is Cogency Global Inc. located at 122 East 42nd Street, 18 th Floor, New York, NY 10168 and the telephone number at this address is +1 (212) 947 7200.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
Foreign countries [member] brought in 63% of the revenue Grupo Aeromexico, S.A.B. de C.V. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Foreign countries [member] | $2.9B | $3.4B | $3.4B |
| Country of domicile [member] | $2.0B | $2.2B | $2.0B |
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Passenger | $4.9B | $5.2B | $4.5B |
| Air cargo | $312.4M | $296.1M | $269.9M |
| Other | $187.7M | $172.9M | $142.0M |
| Total revenue | $5.4B | $5.6B | $4.9B |
| Jet-fuel | $1.1B | $1.2B | $1.3B |
| Wages, salaries and benefits | $1.1B | $1.1B | $896.1M |
| Maintenance | $231.5M | $258.2M | $232.2M |
| Aircraft, communication and traffic services | $614.5M | $591.0M | $532.1M |
| Passenger services | $150.7M | $140.8M | $113.6M |
| Travel agent commissions | $96.9M | $122.1M | $112.0M |
| Selling and administrative | $359.3M | $406.3M | $357.6M |
| Aircraft leasing | $17.7M | $16.2M | $23.8M |
| Depreciation and amortization | $730.3M | $655.1M | $579.8M |
| Impairment (reversal) | -$3.7M | $3.4M | |
| Other loss, net | $26.6M | $48.5M | $36.5M |
| Share of (gain) loss on equity accounted investees, net of tax | -$77.2M | -$5.9M | $3.1M |
| Total operating expenses | $4.4B | $4.6B | $4.2B |
| Total operating income | $928.1M | $1.1B | $715.8M |
| Finance income | $31.6M | $77.9M | $70.8M |
| Finance cost | -$545.8M | -$447.4M | -$499.0M |
| Net finance cost | -$514.2M | -$369.5M | -$428.1M |
| Income before income tax | $414.0M | $697.2M | $287.7M |
| Income tax expense | $62.1M | $79.7M | $14.3M |
| Income for the year | $351.9M | $617.5M | $273.4M |
| Remeasurement of defined benefit liability | -$17.5M | $5.8M | -$4.9M |
| Income taxes | $5.6M | -$1.7M | $1.6M |
| Employee benefits remeasurement due to personnel transfers | -$1.3M | -$95.0K | -$1.1M |
| Other comprehensive income (loss) for the year, net of income taxes | -$13.2M | $4.0M | -$4.4M |
| Total comprehensive income for the year | $338.7M | $621.4M | $269.0M |
| Owners of the Company | $351.9M | $617.4M | $273.3M |
| Non-controlling interest | $47.0K | $34.0K | |
| Owners of the Company | $338.7M | $621.4M | $269.0M |
| Non-controlling interest | $47.0K | $34.0K | |
| Basic income per share (US dollars) | $0.24 | $0.46 | $0.21 |
| Diluted income per share (US dollars) | $0.24 | $0.45 | $0.20 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $842.0M | $937.7M | $842.2M |
| Derivative financial instruments | $334.0K | |||
| Trade and other receivables | $699.9M | $591.5M | $618.2M | |
| Due from related parties | $2.6M | $3.1M | $1.1M | |
| Prepayments and deposits | $78.4M | $70.4M | $48.7M | |
| Inventories | $174.4M | $139.7M | $108.5M | |
| Total current assets | $2.0B | $1.6B | $1.7B | |
| Property and equipment, including right-of-use | $3.7B | $3.2B | $2.8B | |
| Intangible assets and goodwill | $1.1B | $1.1B | $1.1B | |
| Prepayments and deposits | $150.1M | $160.5M | $148.9M | |
| Investments in equity accounted investees | $0 | $17.0M | $27.1M | |
| Other noncurrent assets | $11.2M | $10.8M | $6.7M | |
| Deferred tax assets | $280.0M | $261.7M | $335.0M | |
| Total non-current assets | $5.2B | $4.7B | $4.4B | |
| Total assets | $7.2B | $6.4B | $6.1B | |
| Loans and borrowings, including leases | $450.5M | $448.3M | $523.2M | |
| Trade and other payables | $1.7B | $1.7B | $1.5B | |
| Due to related parties | $1.1M | $786.0K | $14.4M | |
| Provisions | $56.6M | $117.2M | $85.8M | |
| Air Traffic Liability | $505.9M | $617.2M | $836.4M | |
| Current Frequent Flyer Program | $288.7M | $288.0M | $247.2M | |
| Income taxes payable and employee's statutory profit sharing | $82.2M | $69.5M | $28.8M | |
| Total current liabilities | $3.1B | $3.2B | $3.3B | |
| Loans and borrowings, including leases | $3.6B | $3.3B | $2.7B | |
| Frequent flyer program | $344.1M | $300.4M | $268.2M | |
| Provisions | $331.7M | $207.1M | $218.9M | |
| Employee benefits | $274.1M | $209.1M | $235.8M | |
| Deferred tax liabilities | $135.1M | $121.1M | $121.1M | |
| Total non-current liabilities | $4.7B | $4.1B | $3.6B | |
| Total liabilities | $7.8B | $7.3B | $6.8B | |
| Capital stock | $3.5B | $3.5B | $4.3B | |
| Share premium | -$2.2B | -$2.2B | -$2.2B | |
| Statutory reserve | $24.8M | $24.8M | $24.8M | |
| Stock repurchase reserve | $29.7M | $29.7M | $29.7M | |
| Equity accounted investees share of OCI | -$6.6M | -$6.6M | -$6.6M | |
| Remeasurement of defined benefit liability | $5.2M | $17.2M | $13.1M | |
| Accumulated deficit | -$2.0B | -$2.3B | -$2.9B | |
| Total equity (deficit) attributable to equity holders of the Company | -$594.3M | -$902.0M | -$734.9M | |
| Non-controlling interest | $2.0M | $2.0M | $2.0M | |
| Total equity (deficit) | -$592.2M | -$899.9M | -$732.9M | -$730.8M |
| Total equity (deficit) and liabilities | $7.2B | $6.4B | $6.1B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $842.0M | $937.7M | $842.2M |
| Derivative financial instruments | $334.0K | |||
| Trade and other receivables | $699.9M | $591.5M | $618.2M | |
| Due from related parties | $2.6M | $3.1M | $1.1M | |
| Prepayments and deposits | $78.4M | $70.4M | $48.7M | |
| Inventories | $174.4M | $139.7M | $108.5M | |
| Total current assets | $2.0B | $1.6B | $1.7B | |
| Property and equipment, including right-of-use | $3.7B | $3.2B | $2.8B | |
| Intangible assets and goodwill | $1.1B | $1.1B | $1.1B | |
| Prepayments and deposits | $150.1M | $160.5M | $148.9M | |
| Investments in equity accounted investees | $0 | $17.0M | $27.1M | |
| Other noncurrent assets | $11.2M | $10.8M | $6.7M | |
| Deferred tax assets | $280.0M | $261.7M | $335.0M | |
| Total non-current assets | $5.2B | $4.7B | $4.4B | |
| Total assets | $7.2B | $6.4B | $6.1B | |
| Loans and borrowings, including leases | $450.5M | $448.3M | $523.2M | |
| Trade and other payables | $1.7B | $1.7B | $1.5B | |
| Due to related parties | $1.1M | $786.0K | $14.4M | |
| Provisions | $56.6M | $117.2M | $85.8M | |
| Air Traffic Liability | $505.9M | $617.2M | $836.4M | |
| Current Frequent Flyer Program | $288.7M | $288.0M | $247.2M | |
| Income taxes payable and employee's statutory profit sharing | $82.2M | $69.5M | $28.8M | |
| Total current liabilities | $3.1B | $3.2B | $3.3B | |
| Loans and borrowings, including leases | $3.6B | $3.3B | $2.7B | |
| Frequent flyer program | $344.1M | $300.4M | $268.2M | |
| Provisions | $331.7M | $207.1M | $218.9M | |
| Employee benefits | $274.1M | $209.1M | $235.8M | |
| Deferred tax liabilities | $135.1M | $121.1M | $121.1M | |
| Total non-current liabilities | $4.7B | $4.1B | $3.6B | |
| Total liabilities | $7.8B | $7.3B | $6.8B | |
| Capital stock | $3.5B | $3.5B | $4.3B | |
| Share premium | -$2.2B | -$2.2B | -$2.2B | |
| Statutory reserve | $24.8M | $24.8M | $24.8M | |
| Stock repurchase reserve | $29.7M | $29.7M | $29.7M | |
| Equity accounted investees share of OCI | -$6.6M | -$6.6M | -$6.6M | |
| Remeasurement of defined benefit liability | $5.2M | $17.2M | $13.1M | |
| Accumulated deficit | -$2.0B | -$2.3B | -$2.9B | |
| Total equity (deficit) attributable to equity holders of the Company | -$594.3M | -$902.0M | -$734.9M | |
| Non-controlling interest | $2.0M | $2.0M | $2.0M | |
| Total equity (deficit) | -$592.2M | -$899.9M | -$732.9M | -$730.8M |
| Total equity (deficit) and liabilities | $7.2B | $6.4B | $6.1B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income for the year | $351.9M | $617.5M | $273.4M |
| Income tax expense | $62.1M | $79.7M | $14.3M |
| Depreciation and amortization | $730.3M | $655.1M | $579.8M |
| Impairment (reversal) | -$3.7M | $3.4M | |
| Equity-settled share-based payment transactions | $689.0K | $17.7M | |
| Share of (gain) loss on equity accounted investees, net of tax | -$77.2M | -$5.9M | $3.1M |
| Loss on sale property and equipment | $2.8M | $4.1M | $5.1M |
| Provisions, net | $110.0M | $192.5M | $127.9M |
| Derivative financial loss | $334.0K | $1.8M | |
| Employee benefits | $18.7M | $20.1M | $17.2M |
| Inventory adjustments to net realizable value | $21.0K | $28.0K | $18.0K |
| Allowance for doubtful accounts | $2.3M | $9.8M | $4.2M |
| Interest expense, net | $300.1M | $241.4M | $214.4M |
| Unrealized exchange (gain) loss | -$36.4M | $3.7M | -$12.5M |
| Employees' statutory profit sharing | $25.1M | $41.9M | $16.4M |
| Adjustments for Cash flows from operating activities | $1.5B | $1.9B | $1.2B |
| Trade and other receivables | $41.2M | -$42.4M | -$106.4M |
| Due from related parties | $452.0K | -$1.9M | -$933.0K |
| Inventories | -$33.0M | -$33.4M | -$9.9M |
| Prepayments and deposits | -$2.0M | -$30.8M | $2.1M |
| Trade and other payables | -$142.5M | $5.1M | $313.0M |
| Due to related parties | $317.0K | $366.0K | $302.0K |
| Air traffic liability | -$111.3M | -$219.2M | $57.6M |
| Frequent flyer program | $44.4M | $72.9M | $69.5M |
| Interest received | $31.6M | $55.5M | $64.2M |
| Cash generated from operating activities | $1.3B | $1.7B | $1.6B |
| Income tax paid | -$74.5M | -$36.8M | -$16.3M |
| Interest paid | -$328.1M | -$279.7M | -$276.3M |
| Net cash from operating activities | $913.1M | $1.4B | $1.3B |
| Acquisition of properties and equipment (including major maintenance) | -$334.5M | -$422.8M | -$333.2M |
| Proceeds from sale of properties and equipment | $33.6M | $2.8M | $159.0K |
| Dividends from equity accounted investees | $9.4M | $6.9M | |
| Capital stock reimbursement from equity accounted investees | $13.7M | $9.1M | |
| Proceeds from sale of shares in joint venture | $59.0M | ||
| Due to related parties | -$14.0M | $14.0M | |
| Intangible assets additions | -$41.3M | -$29.1M | -$33.2M |
| Prepayments and deposits for maintenance and acquisition of properties and equipment | -$10.3M | -$41.9M | -$53.9M |
| Net cash used in investing activities | -$270.5M | -$489.0M | -$406.2M |
| Contingent consideration payment | -$24.1M | ||
| Proceeds from capital stock issuance, net of costs of transaction | $165.6M | $4.1M | |
| Cash paid for capital stock | -$204.6M | -$818.5M | -$275.2M |
| Proceeds from loans | $64.6M | $1.1B | |
| Repayments of loans | -$156.2M | -$840.9M | -$335.9M |
| Payments of lease liabilities | -$365.6M | -$346.5M | -$302.9M |
| Net cash used in financing activities | -$496.2M | -$920.1M | -$909.8M |
| Increase (decrease) in cash and cash equivalents | $146.4M | -$41.5M | $29.1M |
| Effect of exchange rate fluctuations on cash held | $35.8M | -$54.2M | $66.4M |
| Net increase (decrease) in cash and cash equivalents | $182.2M | -$95.7M | $95.5M |
No quarter-by-quarter statement was filed.
Compare Grupo Aeromexico, S.A.B. de C.V. with another company
Leadership
Who has led Grupo Aeromexico, S.A.B. de C.V., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerAndres Conesa Mar 23, 2026 to now5
- Chief financial officerBaker Ricardo Javier Sanchez Mar 13, 2026 to now6
Board members and other officers (16)
- OfficerAndres Conesa Mar 13, 2026 to now7
- Chief Commercial OfficerAaron James Murray Mar 18, 2026 to now8
- Board memberAndres Conesa Mar 13, 2026 to now7
- Board memberAndres Borrego Mar 18, 2026 to now9
- Board memberAntoine G. Munfakh Mar 18, 2026 to now10
- Board memberArrigunaga Gomez Del Campo Francisco Javier De Mar 18, 2026 to now11
- Board memberBogdan Ignaschenko Mar 18, 2026 to now12
- Board memberDonald Lee Moak Mar 18, 2026 to now13
- Board memberHaro Eduardo Tricio Mar 18, 2026 to now14
- Board memberJorge Esteve Recolons Mar 18, 2026 to now15
- Board memberJorge Vilches Mar 18, 2026 to now16
- Board memberMichael J. Wartell Mar 18, 2026 to now17
- Board memberMorodo Valentin Diez Mar 18, 2026 to now18
- Board memberPando Antonio Cosio Mar 18, 2026 to now19
- Board memberPeter W. Carter Mar 18, 2026 to now20
- General counselPombo Ernesto Gomez Mar 18, 2026 to now21
Timeline
- Mar 23, 2026New chief executive Andres Conesa becomes CEO5
Filings
80 filings to the SEC since October 2021: 1 annual reports, 27 insider forms, 5 large holders, 47 other. The latest 20:
- Sep 22, 20266-K EDGAR
- Sep 14, 20266-K EDGAR
- Aug 24, 20266-K EDGAR
- Aug 21, 20266-K EDGAR
- Aug 14, 20264 EDGAR
- Aug 10, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 20264 EDGAR
- Jul 29, 20264 EDGAR
- Jul 13, 20266-K EDGAR
- Jun 17, 20263 EDGAR
- May 22, 20264 EDGAR
- May 14, 2026SCHEDULE 13G/A EDGAR
- May 1, 20266-K EDGAR
- Apr 30, 202620-F EDGAR
- Apr 23, 20266-K EDGAR
- Apr 14, 20264 EDGAR
- Mar 25, 20264 EDGAR
- Mar 23, 20264 EDGAR
- Mar 23, 20264 EDGAR
- Mar 23, 20264 EDGAR
The 80 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 1 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Murray Aaron JamesChief Commercial Officer | Sale | 355,600 | $1.58 | $561.8K | Form 4 |
| May 21, 2026 | Murray Aaron JamesChief Commercial Officer | Sale | 350,000 | $1.56 | $546.5K | Form 4 |
| May 20, 2026 | Murray Aaron JamesChief Commercial Officer | Sale | 600,000 | $1.51 | $904.0K | Form 4 |
| Mar 19, 2026 | Tricio Haro EduardoDirector | Buy | 1,000,000 | $1.32 | $1.3M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Apollo Management Holdings GP, LLCSCHEDULE 13G/A, 3 filings Feb 17, 2026 to Aug 10, 202622
- Silver Point Capital, L.P.SCHEDULE 13G, 1 filing Feb 17, 202623
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 73. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Apollo Management Holdings, L.P. | 27,505,017 | $495.1M | 8.1% | No change |
| Silver Point Capital L.P. | 13,991,754 | $251.9M | 25.9% | +172,000 |
| Strategic Value Partners, LLC | 9,486,266 | $170.8M | 100.0% | No change |
| Nut Tree Capital Management, LP | 6,492,821 | $116.9M | 27.9% | +100,000 |
| VR Advisory Services Ltd | 5,355,255 | $96.4M | 8.6% | +167,832 |
| Oaktree Capital Management LP | 3,968,686 | $71.4M | 1.9% | No change |
| DSC Meridian Capital LP | 2,851,895 | $51.3M | 16.9% | No change |
| Corre Partners Management, LLC | 2,167,491 | $39.0M | 10.3% | No change |
| Gilder Gagnon Howe & Co LLC | 2,016,959 | $36.3M | 0.4% | −420,784 |
| Citigroup Inc | 1,823,199 | $32.8M | 0.0% | No change |
| Bank Of America Corp /de/ | 1,439,668 | $25.9M | 0.0% | +113 |
| 140 Summer Partners LP | 1,298,388 | $23.4M | 1.9% | No change |
| Par Capital Management Inc | 1,189,824 | $21.4M | 0.5% | New |
| BlackRock, Inc. | 1,033,724 | $18.6M | 0.0% | +437,907 |
| Nuveen, LLC | 997,099 | $17.9M | 0.0% | No change |
| Contrarian Capital Management, L.l.c. | 671,207 | $12.1M | 3.9% | No change |
| Fiera Capital Corp | 627,579 | $11.3M | 0.0% | +137,642 |
| IPG Investment Advisors LLC | 591,657 | $10.6M | 1.5% | No change |
| Redwood Capital Management, LLC | 583,580 | $10.5M | 1.1% | +31,979 |
| Millennium Management LLC | 583,479 | $10.5M | 0.0% | −25,162 |
| Compass Rose Asset Management, LP | 530,000 | $9.5M | 5.0% | −15,000 |
| Rubric Capital Management LP | 467,129 | $8.4M | 0.1% | No change |
| LMR Partners LLP | 419,673 | $7.6M | 0.1% | +109,600 |
| Norges Bank | 400,000 | $7.2M | 0.0% | New |
| Arrowstreet Capital, Limited Partnership | 395,648 | $7.1M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7SEC EDGARAndres Conesa, Officer
- 8
- 9SEC EDGARAndres Borrego, Board member
- 10SEC EDGARAntoine G. Munfakh, Board member
- 11
- 12SEC EDGARBogdan Ignaschenko, Board member
- 13SEC EDGARDonald Lee Moak, Board member
- 14SEC EDGARHaro Eduardo Tricio, Board member
- 15SEC EDGARJorge Esteve Recolons, Board member
- 16SEC EDGARJorge Vilches, Board member
- 17SEC EDGARMichael J. Wartell, Board member
- 18SEC EDGARMorodo Valentin Diez, Board member
- 19SEC EDGARPando Antonio Cosio, Board member
- 20SEC EDGARPeter W. Carter, Board member
- 21SEC EDGARPombo Ernesto Gomez, General counsel
- 22
- 23