Grupo Aeromexico (AERO) Q4 2024 earnings summary

Executive summary

• Achieved record operational and financial performance in 2024, with recognition as the world's most on-time airline and industry-leading profitability margins.

• Total annual revenue increased 14.3% year-over-year to $5.6 billion, with adjusted EBITDAR margin reaching 31% and operating margin at 19%.

• Net income for 2024 was $617.5 million, up 125.9% from 2023, with a net margin of 11%.

Financial highlights

• 4Q24 revenue rose 4.3% year-over-year to $1.4 billion; full-year revenue up 14.3% to $5.6 billion.

• Adjusted EBITDAR for 4Q24 was $446 million (31.1% margin), up 18.3% year-over-year; full-year adjusted EBITDAR was $1.7 billion (30.9% margin), up 31.4%.

• Operating income for 4Q24 was $257 million (17.9% margin), up 26%; full-year operating income was $1.1 billion (19% margin), up 49%.

• Net income in 4Q24 was $75.4 million (5.3% margin); full-year net income was $617.5 million (11% margin).

• Cash and cash equivalents at year-end were $842 million, with total liquidity of $1.0 billion.

Outlook and guidance

• Management remains committed to sustaining high operational and financial standards, leveraging strong team engagement and recent recognitions.