Core Insights - Grupo Aeroméxico reported strong financial results for 4Q25 and FY25, highlighting a recovery trend in the second half of the year, with record Adjusted EBITDAR and operational reliability recognized by CIRIUM as the world's most on-time airline for the second consecutive year [2][5][6]. Financial Highlights for 4Q25 - Total revenue reached $1.4 billion, a 0.2% increase year-over-year, with a 3.4% increase when excluding extraordinary items from 2024 [5][14]. - Adjusted EBITDAR totaled $501.6 million, with a margin of 34.9%, marking the highest EBITDAR and margin in the company's history [5][24]. - Operating income was $303.1 million, with a margin of 21.1%, the best performance for a fourth quarter on record [5][25]. - Cost per ASM excluding fuel (CASM-Ex) was 10.4¢, a 5.9% increase compared to 4Q24 [5][20]. Financial Highlights for FY25 - Total revenue for FY25 was $5.4 billion, a 4.6% decrease compared to 2024, with a 1.9% decrease when excluding extraordinary items [5][16]. - Adjusted EBITDAR for FY25 was $1.7 billion, with a margin of 31.2%, the highest in the company's history [5][26]. - Operating income totaled $928.1 million, with a margin of 17.3%, marking the second-best yearly performance [5][28]. - Total operating expenses for FY25 were $4.4 billion, a 2.7% decrease compared to 2024 [5][22]. Operational Highlights - Aeroméxico's capacity, measured in available seat miles (ASMs), decreased by 1.8% year-over-year in 4Q25, while FY25 saw a slight increase of 0.5% [5][6]. - The load factor on scheduled flights improved to 87.2% in 4Q25, up from 85.5% in 4Q24 [5][55]. - The company served 6,168 thousand passengers in 4Q25, a decrease of 1.3% compared to the same quarter in 2024 [5][55]. Outlook for 1Q26 and FY2026 - Guidance for 1Q26 indicates a total revenue of approximately $1.30 billion to $1.33 billion, with a year-over-year increase of 10.0% to 12.0% [7]. - For FY2026, total revenue is expected to be between $5.77 billion and $5.88 billion, with a year-over-year increase of 7.5% to 9.5% [7].
Aeroméxico Reports Unaudited Fourth Quarter & Full Year 2025 Results