Grupo Aeroméxico, S.A.B. de C.V. Q4 2025 Earnings Call Summary

Core Insights - The company achieved a record adjusted EBITDAR margin of 31% and the second-highest operating margin in its history, driven by significant demand recovery in the second half of 2025 [1] - A strategic shift towards premium segments resulted in premium revenue reaching 42% of total revenue, a 17-point increase over pre-pandemic levels, indicating successful product differentiation [1] Financial Performance - The company successfully navigated regulatory constraints on U.S. operations through network discipline and revenue management, maintaining industry-leading reliability as the world's most on-time airline [1] - Performance attribution shifted from a softer first half to strong year-end momentum, supported by improving traffic trends across both domestic and international markets [1] Operational Developments - The fleet was expanded by 17 aircraft to a total of 165, focusing on the 737 MAX to improve fuel efficiency and provide operational leverage for future capacity increases [1] - The company divested the TechOps maintenance joint venture to capitalize on market opportunities while maintaining long-term maintenance agreements to ensure safety and reliability [1]