Grupo Aeromexico (AERO) Q2 2025 earnings summary

Executive summary

• Achieved second-strongest second quarter in history, maintaining high on-time performance and robust operational standards.

• Responded to challenges with strategic actions, sustaining EBITDAR margin at 31% and EBIT margin at 18%.

Financial highlights

• Total revenue for 2Q25 was $1.3 billion, down 5.6% year-over-year, mainly due to peso depreciation and softer demand.

• Adjusted EBITDAR reached $409.5 million (31.2% margin), down $17.5 million from 2Q24, but margin improved by 0.5 p.p.

• Operating income was $230.3 million (17.5% margin), a decrease of $45.3 million and 2.3 p.p. from 2Q24.

• Net income totaled $68.1 million (5.2% margin), down 71.9% year-over-year.

• Cash and cash equivalents stood at $922.5 million; total liquidity including credit facility was $1.1 billion.

Outlook and guidance

• Management remains focused on robust profitability and operational excellence despite ongoing macroeconomic and demand challenges.