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AERO 6-K

Grupo Aeromexico, S.A.B. de C.V. (AERO)

6-K 2026-04-23 For: 2026-04-23
View Original
Added on April 23, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

For the month of April 2026

Commission File Number: 001-42931

Grupo Aeroméxico, S.A.B. de C.V.

(Name of registrant)

Aeromexico Group

(Translation of registrant’s name into English)

Avenida Paseo de la Reforma 243, 25th Floor

Col. Renacimiento, Cuauhtémoc 06500

Mexico City

UnitedMexican States

+52 (55) 9132 4000

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

EXPLANATORY NOTE

On April 21, 2026, Grupo Aeroméxico, S.A.B. de C.V. (the “Company”) issued a press release titled “Aeroméxico Reports Unaudited First Quarter 2026 Results.” A copy of this press release is furnished with this Form 6-K as Exhibit 99.1.

The Company has previously issued press releases containing January 2026 traffic results, February 2026 traffic results and March 2026 traffic results. Copies of these press releases are furnished with this Form 6-K as exhibits 99.2, 99.3 and 99.4, respectively.

EXHIBIT INDEX

Exhibit Description
99.1 Press Release dated April 21, 2026, titled “Aeroméxico Reports Unaudited First Quarter 2026 Results.”
99.2 Press Release dated February 5, 2026, titled “Aeroméxico January 2026 Traffic Results.”
99.3 Press Release dated March 5, 2026, titled “Aeroméxico February 2026 Traffic Results.”
99.4 Press Release dated April 8, 2026, titled “Aeroméxico March 2026 Traffic Results.”

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Grupo Aeroméxico, S.A.B. de C.V.
Date: April 23, 2026 By: /s/ Ernesto Gómez Pombo
Name: Ernesto Gómez Pombo
Title: General Counsel

EX-99.1

Exhibit 99.1

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CONTACT: Investor Relations [email protected]
Corporate Communications [email protected]

Aeroméxico Reports Unaudited First Quarter 2026 Results

Total Revenue growth of 13%year-on-year
Adjusted EBITDAR Margin of 25%
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Operating Margin of 11%
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Liquidity to LTM Revenue ratio at 23%
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Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico” or the “Company”) today reported unaudited consolidated financial results for the three months ended March 31, 2026 (“1Q26”). These results are based on information available to us as of the date of this earnings release and are not a comprehensive statement of our financial results for the period presented. The Company has used the U.S. dollar, its functional currency, as the presentation currency for its consolidated financial statements. All figures are expressed in millions of U.S. dollars unless otherwise indicated.

Andrés Conesa, Chief Executive Officer stated: “Aeroméxico started 2026 on a solid footing, building on the momentum gained in the second half of 2025. Demand remained robust during the quarter, supporting strong revenue performance despite a dynamic environment and temporary disruptions in specific local markets. While higher fuel prices have put pressure on margins, our disciplined approach to capacity and network management, commitment to premium revenue strategies, pricing initiatives, and cost control, allowed us to sustain solid profitability. Operationally, we continued to demonstrate high levels of reliability, once again being recognized by Cirium as the world’s most on-time airline for the first quarter of 2026. These results reflect the resilience of our business model and the exceptional commitment of our people, as we remain focused on safety, profitability, and delivering a superior customer experience—reinforcing our position as Mexico’s flagship carrier”.

OPERATING & FINANCIAL HIGHLIGHTS FIRST QUARTER 2026

Capacity, measured in available seat miles (ASMs), decreased by 1.2% year-over-year in 1Q26.<br>
Total revenue reached $1.3 billion, a 13.3% increase as compared to the same period of 2025.<br>
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Adjusted EBITDAR ^(1)^ **** totaled<br>$335.8 million, with a 25.0% margin, marking a 5.0% increase over the same period last year.
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Operating income totaled $141.8 million, with a 10.6% margin.
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Cost per ASM excluding fuel (CASM-Ex), was 10.2¢.<br>
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Total adjusted net debt to EBITDAR ^(1)^ ended<br>the quarter at 1.7x, compared to 1.8x in 4Q25.
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Liquidity ^(2)^ reached $1.2 billion and<br>represented 23.0% of total revenues.
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2Q26 OUTLOOK

Indicator 2Q26 Guidance
Total Capacity (ASMs) ~ 1.5% to 2.5%
Total Revenue ~ 1.47 bn to 1.52 bn
Total Revenue YoY ~ 12.5% to 15.5%
Adjusted EBITDAR Margin ~ 17.0% to 20.0%
Operating Income Margin ~ 4.0% to 7.0%

KEY FINANCIAL AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER 2026

Key Financial KPIs
1Q25 Var. %
Total revenue ( millions) 1,341 1,184 13.3 %
Adjusted EBITDAR(1) ( millions) 336 320 5.0 %
Adjusted EBITDAR margin(1) (% of<br>Revenue) 25 % 27 % (2.0 p.p. )
Total operating income (loss) ( millions) 142 142 (0.1 %)
Operating margin (% of Revenue) 11 % 12 % (1.4 p.p. )
Key Operating Indicators 1Q25 Var. %
Total ASMs (millions) 8,596 8,697 (1.2 %)
Passengers (‘000) 5,791 5,877 (1.5 %)
Total revenue / ASM ( cents) 15.6 13.6 14.6 %
Total cost / ASM ( cents) 13.8 11.9 16.0 %
Total cost excluding fuel / ASM ( cents) 10.2 8.6 17.8 %
Foreign Exchange* 1Q25 Var. %
Average 17.58 20.43 (14.0 %)

All values are in US Dollars.

Figures may not sum to total due to rounding.

* Source: Company with information from Banxico.

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INCOME STATEMENT DISCUSSION

1Q 2026 Revenue

Total revenue for the first quarter of 2026 reached $1.3 billion, representing a 13.3% year-over-year increase. This growth was driven by our continuous focus on premium revenue^(2)^, the sustained recovery in demand that began in the latter half of 2025, and the strengthening of the Mexican peso, contributing to robust revenue performance during the quarter.

Our premium revenue^(3)^ mix climbed to 42% of passenger-related revenue, up from 41% in 1Q25, demonstrating strong demand for higher-yield services across our network. These overall results reflect demand resilience, notwithstanding localized disruptions in February that affected certain regions in Mexico and transborder markets originating in the United States.

Total revenue per Available Seat Mile (“TRASM”) reached 15.6¢, marking a 14.6% year-over-year increase. The upward trend in TRASM was largely attributed to a 2.2 percentage point improvement in load factor, an increase of over $100.0 million in both domestic and international passenger revenue, and the appreciation of the Mexican peso. ASM volume decreased by 1.2%, reflecting disciplined capacity management, with domestic capacity down 2.8% compared to the previous year.

The following table shows our total revenue breakdown during the indicated periods:

Total Revenue<br><br><br>(USD million) Three months ended<br><br><br>March 31
2026 2025 Var. %
Domestic 494 438 12.7 %
International 847 746 13.6 %
Total revenue **** 1,341 **** 1,184 **** 13.3 %

Figures may not sum to total due to rounding.

1Q 2026 Operating Expenses

In 1Q26, total operatingexpenses –including fuel, labor, maintenance, passenger and aircraft services, aircraft leases, depreciation and amortization– reached $1.2 billion, a 15.1% increase compared to 1Q25. The increase was primarily driven by the impact of the Mexican peso’s appreciation on peso-denominated expenses, inflation in wages, salaries, and benefits, increased depreciation and amortization associated with the fleet expansion in 2025, and elevated fuel prices triggered by global geopolitical events since late February.

Fuel cost per liter increased 13.1% compared to 1Q25, averaging 77¢ per liter in 1Q26 compared to 68¢ per liter in 1Q25. Fuel consumption decreased by 2.6% year-over-year, while fuel burn per ASM (liters of fuel consumed per ASM) decreased by 1.4%, mainly due to a more efficient fleet mix.

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Cost per ASM excluding fuel (CASM-Ex) was 10.2¢ in 1Q26, representing an increase of 17.8% compared to the same period in 2025. This rise was primarily driven by a 14.0% appreciation of the Mexican peso, increased ownership costs attributable to additions to the aircraft fleet in 2025, higher labor expenses associated with inflation-related salary adjustments, and the expansion of international operations.

1Q 2026 Adjusted EBITDAR^(1)^ and Operating Income

AdjustedEBITDAR ^(1)^ for the first quarter amounted to $335.8 million with a 25.0% margin. This result represents a 5.0% increase compared to 1Q25, notwithstanding higher fuel costs and localized demand disruptions affecting revenue in specific regions of Mexico.

Operating income for the first quarter reached $141.8 million, with a margin of 10.6%. This result corresponds with the lower end of the guidance range issued in the previous quarter.

1Q 2026 Net Financing Cost

Net financing costs increased by $14.6 million compared to the same period in 2025, primarily due to increased net foreign exchange losses. In 1Q26, foreign exchange loss grew by $6.8 million, while financial expenses increased by $7.8 million, largely reflecting higher interest expenses from lease obligations associated with fleet expansion.

1Q 2026 Net Income

Net income in 1Q26 totaled $10.7 million with a 0.8% margin.

BALANCE SHEET AND CASH FLOW

As of March 31, 2026, Aeroméxico reported cash and cash equivalents, and short-term investments totaling $1.0 billion. This is an increase of $178.0 million compared to the same quarter in the previous year and $21.0 million higher than at year-end 2025, despite the usual seasonal weakness of the quarter. Including the $200.0 million revolving credit facility secured in 3Q24, total liquidity reached $1.2 billion. This represents a ratio of liquidity to last-twelve-month revenues of 22.6%.

In 1Q26, Aeroméxico generated $200.6 million in net cash from operating activities, which allowed the Company to continue with its investment and deleveraging programs.

During the first quarter, the Company repaid $9.3 million of financial debt.

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OPERATING FLEET

During 1Q26, Grupo Aeroméxico received one Boeing 787-9 aircraft.

Aeroméxico’s operating fleet was comprised of 166 aircraft as of March 31, 2026, with an average age of 8.8 years.

OPERATING FLEET

Fleet 2Q25 3Q25 4Q25 1Q26
B-737-800 34 34 34 34
B-737 MAX 8 42 44 45 45
B-737 MAX 9 26 28 30 30
B-787 22 22 22 23
Aeroméxico **** 124 **** 128 **** 131 **** 132
E-190 34 34 34 34
Aeroméxico Connect **** 34 **** 34 **** 34 **** 34
Grupo Aeroméxico **** 158 **** 162 **** 165 **** 166

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Footnotes

(1) Adjusted EBITDAR, Adjusted Net Debt to EBITDAR, and Adjusted EBITDAR Margin are<br>non-IFRS measures and have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. See Annex A for<br>the definition of Aeroméxico’s non-IFRS measures and a reconciliation to the nearest IFRS measure.
(2) Liquidity is defined as cash and cash equivalents, and short-term investments.
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(3) Premium revenue mix consists of revenue from premium products and services above Básica /<br>Clásica coach cabin products. Ratio is calculated based on total passenger revenue.
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1Q26 EARNINGS CALLINFORMATION

Date Wednesday, April 22, 2026
Time 12:30 p.m. ET (NY) / 10:30 a.m. CT (CDMX)
Webcast Link https://edge.media-server.com/mmc/p/ta78xgyw
Participant Listening* https://register-conf.media-server.com/register/BIe78975e545c8496bb1037d726d2c3cb3
* Participants can complete the online registration form and upon registering will receive the dial-in info and a unique PIN to join the call.
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About Grupo Aeroméxico

Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passengerloyalty programs. Aeroméxico, Mexico’s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, SouthAmerica, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeroméxico is a founding partner of SkyTeam, an alliance that celebrates 20 years andoffers connectivity in more than 170 countries, through the 19 partner airlines. Aeroméxico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.

www.aeromexico.com

www.skyteam.com

Forward Looking Statements

Thispress release contains certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act, that reflect the current views and/or expectations of the Company and its management with respect to its performance,business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,”“predict,” “guidance,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements.Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentionsexpressed in this release. Important factors that could cause such differences include, but are not limited to: external risks, including health threats, accidents, global instability, security breaches, terrorism and natural disasters; globalgeopolitical conflicts, particularly those that impact the price of jet fuel; Mexican and international economic conditions, as well as seasonality, on customer travel behavior; the current U.S.’s administration tariffs on the Company’scosts and the actions of other governmental authorities in Mexico, the U.S. and other countries; fuel market volatility; the Company’s capacity to fulfill the Company’s fixed obligations, obtain financing and/or maintain liquidity; theCompany’s capacity to retain and attract key personnel and other professionals, and the Company’s labor relations with employees; the Company’s reliance on few aircraft manufacturers and other third-party providers; theCompany’s aircraft utilization rate and aircraft maintenance costs; changes in landing charges, airport access fees and inadequate airport infrastructure; consumer protection restrictions; dependence on the Company’s main hub, MEX; airtraffic congestion; the competitive environment in the aviation industry, including those arising from non-air travel substitutes; sanctions and compliance with anti-corruption, anti-money laundering,anti-drug trafficking and other ethical rules and standards; reliance on partnerships and alliances and challenges in entering into new ones; and other factors described in “Risk Factors” of the Company’s final prospectus dated asof November 5, 2025 relating to its initial public offering and other documents filed with or furnished to the SEC from time to time. Forward-looking statements are based on information available at the time those statements are made and/ormanagement’s good faith belief as of that time with respect to future events. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of newinformation, future events or otherwise.

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Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries

Consolidated Statements of Profit or Loss and other Comprehensive Income (Unaudited)

Three Months<br>Ended March 31 (<br>millions)
2026 2025 Var. %
Revenues:
Passenger 1,072 13.1 %
Air cargo 71 7.9 %
Other 41 29.0 %
Total revenue **** 1,184 **** **** 13.3 %
Operating expenses:
Jet-fuel 286 10.2 %
Wages, salaries and benefits 252 22.4 %
Maintenance 53 28.6 %
Aircraft, communications and traffic services 136 13.7 %
Passenger services 33 20.6 %
Travel agent commissions 21 8.5 %
Selling and administrative 80 10.7 %
Aircraft leasing 5 -11.6 %
Depreciation and amortization 173 9.7 %
Impairment (reversal) NA
Other (income) loss, net 6 64.5 %
Share of gain on equity accounted investees, net of tax (1 ) NA
Total operating expenses **** 1,042 **** **** 15.1 %
Total operating income **** 142 **** **** -0.1 %
Finance income (cost):
Net finance cost 115 12.7 %
Income before income tax **** 27 **** **** -54.0 %
Income tax 6 -65.9 %
Net income for the period **** 22 **** **** -51.0 %

All values are in US Dollars.

The Company has used the US dollar as the presentation currency for these consolidated financial statements, which is alsoits functional currency.

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Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries

Consolidated Statements of Financial Position (Unaudited)

( Millions)
March 31, 2026 December 31, 2025
Assets
Current assets:
Cash and cash equivalents 1,024
Short-term investments
Trade and other receivables 700
Due from related parties 3
Prepayments and deposits 78
Inventories 174
Total current assets 1,980
Non-current assets:
Property and equipment, including<br>right-of-use 3,674
Other non–current assets 1,539
Total non-current assets 5,213
Total assets 7,193
Liabilities
Current liabilities:
Loans and borrowings, including leases 451
Others 2,645
Total current liabilities 3,096
Non-current liabilities:
Loans and borrowings, including leases 3,604
Others 1,085
Total non-current liabilities 4,689
Total liabilities 7,785
Total equity (deficit) ) (592 )
Total equity and liabilities 7,193

All values are in US Dollars.

The Company has used the US dollar as the presentation currency for these consolidated financial statements,which is also its functional currency.

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Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

Three Months Ended March 31,
( Millions)
2026 2025 Var
Operating cash **** **** 318 **** )
Operational assets and liabilities ) (57 )
Cash generated from (required by) operating activities **** **** 261 **** ****
Income tax paid ) (28 )
Interest paid ) (52 ) )
Net cash from (used in) operating activities **** **** 181 **** ****
Acquisition of properties and equipment and intangible assets ) (74 )
Others ) (3 ) )
Net cash used in investing activities ) **** (76 ) )
Net cash from (used in) financing activities ) **** (107 ) )
Effect of exchange rate fluctuations on cash held ) (1 ) )
Net increase (decrease) in cash and cash equivalents ) **** (2 ) )
Cash and cash equivalents:
At beginning of the period 842
At end of the period 840

All values are in US Dollars.

The Company has used the US dollar as the presentation currency for these consolidated financial statements,which is also its functional currency.

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FINANCIAL AND OPERATIONAL INDICATORS

Financial KPIs
1Q25 Var. %
Total revenue 1,341 1,184 13.3 %
Passenger revenue 1,212 1,072 13.1 %
Adjusted EBITDAR(1) 336 320 5.0 %
Adjusted EBITDAR margin(1) (% of<br>Revenue) 25 % 27 % -2.0 p.p.
Total operating income (loss) 142 142 -0.1 %
Operating Margin (% of Revenue) 11 % 12 % -1.4 p.p.
Net Income (loss) 11 22 -51.0 %
Net Income (loss) Margin (% of Revenue) 1 % 2 % -1.1 p.p.
Operating Indicators 1Q25 Var. %
Total ASMs (millions) 8,596 8,697 (1.2 )%
Total RPMs (millions) 7,255 7,158 1.4 %
Load factor on scheduled flights (%) 84.4 % 82.3 % 2.1 p.p
Passengers (‘000) 5,791 5,877 (1.5 )%
On-Time departure performance within 15 minutes<br>(%) 91.7 % 92.7 % (1.0 ) p.p
Total liters of fuel (‘000) 410,974 421,858 (2.6 )%
Yield ( cents) (2) 9.0 8.3 8.7 %
Total revenue / ASM ( cents) 15.6 13.6 14.6 %
Passenger revenue / ASM (<br>cents)(2) 12.2 11.0 11.4 %
Total cost / ASM ( cents) 13.8 11.9 16.0 %
Total cost excluding fuel / ASM ( cents) 10.2 8.6 17.8 %
Other Indicators 1Q25 Var. %
Fuel cost per liter ( cents) 77 68 13.1 %
FX close(3) 18.07 20.32 (11.1 %)
FX average(3) 17.58 20.43 (14.0 %)

All values are in US Dollars.

Figures may not sum to total due to rounding.

1) Adjusted EBITDAR and Adjusted EBITDAR margin are non-IFRS measures and<br>have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. See Annex A for the definition of Aeroméxico’s non-IFRS measures and a reconciliation to the nearest IFRS measure.
2) Estimated as passenger revenues (excluding ancillaries) divided by total RPMs.
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3) Source: Company with information from Banxico.
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Annex A on Non-IFRS Financial Measures

In addition to disclosing financial results prepared in accordance with IFRS, the Company discloses information regarding Adjusted EBITDAR, Adjusted EBITDAR Margin, Adjusted Net Debt and Net Leverage Ratio, which are non-IFRS measures. The Company believes that these measures are useful indicators of its operational performance. These known performance measurements in the aviation industry are frequently used by investors, stock analysts and others who are interested in comparing the operational performance of companies in its industry.

The Company defines Adjusted EBITDAR as profit or loss for the period before income tax expense (benefit), depreciation and amortization, net finance cost, and impairment (reversal), before aircraft leasing expense, in light of the non-recurring nature of this item. The Company considers Adjusted EBITDAR to be solely a valuation metric, not a performance metric. The Company defines Adjusted EBITDAR Margin as Adjusted EBITDAR divided by total revenue for the period. The Company defines Adjusted Net Debt as total loan and borrowings, including leases, minus cash and cash equivalents. The Company defines Net Leverage Ratio as Adjusted Net Debt Ratio divided by Adjusted EBITDAR for the period.

All of the above-mentioned non-IFRS financial measures have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. Some of these limitations are: (i) they do not reflect the Company’s cash expenditures, or future requirements for capital expenditures or contractual commitments; (ii) they do not reflect changes in, or cash requirements for, its working capital needs; (iii) they do not reflect the Company’s cash requirements necessary to service interest or principal payments on the Company’s debt; (iv) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and they do not reflect any cash requirements for such replacements; (v) they do not adjust for all non-cash income or expense items that are reflected in the Company’s consolidated statements of profit or loss and other comprehensive income; (vi) they do not reflect the impact of all non-recurring items; and (vii) other companies in the Company’s industry may calculate these measures, or similarly titled measures, differently than the Company does, limiting their usefulness as comparative measures.

Reconciliations of each of these historical measures, and to the extent applicable, forward-looking measures to the most directly comparable IFRS measure are below. No reconciliation of the forecasted amounts of Adjusted EBITDAR Margin, as incrementally adjusted, and revenue, as incrementally adjusted, for fiscal 2026 is included in this release because we are unable to quantify certain amounts that would be required to be included in the corresponding IFRS measure without unreasonable efforts, due to high variability and complexity with respect to estimating certain forward-looking amounts, and we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors.

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Adjusted EBITDAR Reconciliation Three Months EndedMarch 31
1Q26 1Q25 Var. %
Profit (loss) for the period 11 22 -51.0 %
(+) Income tax expense (benefit) 2 6 -65.9 %
(+) Depreciation and amortization ^(1)^ 190 173 9.7 %
(+) Net finance cost 129 115 12.7 %
(+) Impairment (reversal) NA
(+) Aircraft leasing ^(2)^ 4 5 11.6 %
Adjusted EBITDAR ^(3)^ **** 336 **** 320 **** 5.0 %

Figures may not sum to total due to rounding.

1) Depreciation and amortization expense as presented in our profit or loss.
2) Aircraft leasing is comprised of short-term rentals of flight equipment, including subject to PBH period.
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3) Adjusted EBITDAR is a non-IFRS measures and have limitations asanalytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.
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Adjusted Net Debt Reconciliation March 31, 2026 December 31, 2025
--- --- --- --- ---
Total loans and borrowings, including leases 3,984 4,055
(-) Cash and cash equivalents 1,018 1,024
(-) Short-term investments 27
= Adjusted Net Debt ^(1)^ **** 2,939 **** 3,031

Figures may not sum to total due to rounding.

1) Adjusted Net Debt is a non-IFRS measures and has limitations asanalytical tools, and you should not consider it in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.
Net Leverage Ratio Reconciliation (Adjusted Net Debt / Last TwelveMonthsAdjusted EBITDAR) March 31, 2026 December 31, 2025
--- --- --- --- ---
Adjusted Net Debt ^(1)^ 2,939 3,031
Last Twelve Months Adjusted EBITDAR<br>^(1)^ 1,688 1,672
= Net Leverage Ratio ^(1)^ **** 1.7x **** 1.8x

Figures may not sum to total due to rounding

1) Adjusted Net Debt, Adjusted EBITDAR and Net Leverage Ratio arenon-IFRS measures and have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.

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EX-99.2

Exhibit 99.2

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Aeroméxico January 2026 Traffic Results

Mexico City, Mexico, February 5, 2026 – Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its January 2026 operational results:

Grupo Aeroméxico transported 2 million and 53 thousand passengers in January 2026, a 1.8%<br>year-over-year decrease. International passengers increased by 2.7%, while domestic passengers decreased by 4.2%.
Aeroméxico’s total capacity, measured in available seat miles (ASMs), decreased by 2.3%<br>year-over-year. International ASMs decreased by 1.7%, while domestic capacity decreased by 3.6% year-over-year.
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Demand, measured in passenger miles (RPMs), increased by 1.1% year-over-year. International demand increased by<br>3.8%, while domestic demand decreased by 5.0%, both figures compared to January 2025.
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Aeroméxico’s January 2026 load factor was 87.0%, a 2.9 p.p. increase as compared to January 2025.<br>International load factor increased by 4.7 p.p., and domestic load factor decreased by 1.2 p.p.
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Andrés Conesa, ChiefExecutive Officer stated : “January traffic results confirm the recovery momentum built in recent months. After external shocks impacted demand early in 2025, we responded decisively by realigning capacity from the second quarter onward. With strong load factors in January, we demonstrated disciplined and agile network management. Capacity is expected to resume its growth trajectory in the second quarter of 2026, reinforcing our confidence as we enter the year with a balanced strategy focused on sustainable growth and disciplined execution.”

January
2026 2025 Var vs2025
Passengers (itinerary + charter, thousands)
Domestic 1,298 1,355 -4.2 %
International 755 735 2.7 %
Total **** 2,053 **** **** 2,090 **** **** -1.8 %
ASMs (itinerary + charter, millions)
Domestic 892 925 -3.6 %
International 2,111 2,148 -1.7 %
Total **** 3,003 **** **** 3,073 **** **** -2.3 %
RPMs (itinerary + charter, millions)
Domestic 740 779 -5.0 %
International 1,874 1,805 3.8 %
Total **** 2,614 **** **** 2,584 **** **** 1.1 %
Load Factor (itinerary, %) **** p.p. ****
Domestic 83.0 % 84.2 % -1.2
International 88.8 % 84.0 % 4.7
Total **** 87.0 % **** 84.1 % **** 2.9 ****

Figures may not sum to total due to rounding.

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The information included within this report has not been audited and does not provide information on theCompany’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance.

Glossary:

“RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This<br>includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown.
“ASMs” Available Seat Miles represent the number of available seats multiplied by the distance<br>flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used.
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“Load Factor” equals the number of passengers transported as a percentage of the number of<br>seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only.
--- ---
“Passengers” refers to the total number of passengers transported by the airline.<br>
--- ---

This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company andits management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,”“estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way weidentify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations,estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events orotherwise.

About Grupo Aeroméxico

Grupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion ofpassenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America,South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offeringconnectivity across more than 145 countries through its 18 partner airlines.

www.aeromexico.com

www.skyteam.com

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2

EX-99.3

Exhibit 99.3

Aeroméxico February 2026 Traffic Results

Mexico City, Mexico, March 5, 2026 – Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its February 2026 operational results:

Grupo Aeroméxico transported 1 million and 744 thousand passengers in February 2026, a 1.2%<br>year-over-year decrease. International passengers increased by 2.7%, while domestic passengers decreased by 3.0%.
Aeroméxico’s total capacity, measured in available seat miles (ASMs), decreased by 2.2%<br>year-over-year. International ASMs decreased by 1.6%, while domestic capacity decreased by 3.6% year-over-year.
--- ---
Demand, measured in passenger miles (RPMs), increased by 1.2% year-over-year. International demand increased by<br>3.0%, while domestic demand decreased by 2.6%, both figures compared to February 2025.
--- ---
Aeroméxico’s February 2026 load factor was 82.7%, a 2.8 p.p. increase as compared to February 2025.<br>International load factor increased by 3.7 p.p., and domestic load factor increased by 0.9 p.p.
--- ---

Andrés Conesa, ChiefExecutive Officer stated : “The continued recovery, particularly across international markets, is clearly reflected in our February traffic performance. Strong load factors validate the resilience and structural flexibility embedded in our operating model, enabling us to respond swiftly and effectively to demand volatility. While isolated events occurred toward the end of the month, their impact was limited and geographically concentrated in the Jalisco region, which represents a small portion of our overall operation.”

February Cumulative to February
2026 2025 Var vs<br>2025 2026 2025 Var vs<br>2025
Passengers (itinerary + charter, thousands)
Domestic 1,159 1,195 -3.0 % 2,458 2,551 -3.6 %
International 584 569 2.7 % 1,339 1,304 2.7 %
Total **** 1,744 **** **** 1,764 **** **** -1.2 % **** 3,797 **** **** 3,855 **** **** -1.5 %
ASMs (itinerary + charter, millions)
Domestic 800 830 -3.6 % 1,692 1,755 -3.6 %
International 1,795 1,823 -1.6 % 3,906 3,971 -1.6 %
Total **** 2,595 **** **** 2,653 **** **** -2.2 % **** 5,598 **** **** 5,726 **** **** -2.2 %
RPMs (itinerary + charter, millions)
Domestic 652 669 -2.6 % 1,392 1,448 -3.9 %
International 1,492 1,449 3.0 % 3,366 3,255 3.4 %
Total **** 2,144 **** **** 2,118 **** **** 1.2 % **** 4,758 **** **** 4,703 **** **** 1.2 %
Load Factor (itinerary, %) **** p.p. **** **** p.p. ****
Domestic 81.5 % 80.6 % 0.9 82.3 % 82.5 % -0.2
International 83.2 % 79.5 % 3.7 86.2 % 81.9 % 4.3
Total **** 82.7 % **** 79.8 % **** 2.8 **** **** 85.0 % **** 82.1 % **** 2.9 ****

Figures may not sum to total due to rounding.

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The information included within this report has not been audited and does not provide information on the Company’sfuture performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance.

Glossary:

“RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This<br>includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown.
“ASMs” Available Seat Miles represent the number of available seats multiplied by the distance<br>flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used.
--- ---
“Load Factor” equals the number of passengers transported as a percentage of the number of<br>seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only.
--- ---
“Passengers” refers to the total number of passengers transported by the airline.<br>
--- ---

This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company andits management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,”“estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way weidentify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations,estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events orotherwise.

About Grupo Aeroméxico

Grupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion ofpassenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America,South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offeringconnectivity across more than 145 countries through its 18 partner airlines.

www.aeromexico.com

www.skyteam.com

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2

EX-99.4

Exhibit 99.4

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Aeroméxico March 2026 Traffic Results

Mexico City, Mexico, April 8, 2026 – Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its March 2026 operational results:

Grupo Aeroméxico transported 1 million and 994 thousand passengers in March 2026, a 1.4%<br>year-over-year decrease. International passengers decreased by 0.5%, while domestic passengers decreased by 1.9%.
Aeroméxico’s total capacity, measured in available seat miles (ASMs), increased by 1.0%<br>year-over-year. International ASMs increased by 1.9%, while domestic capacity decreased by 1.1% year-over-year.
--- ---
Demand, measured in passenger miles (RPMs), increased by 1.7% year-over-year. International demand increased by<br>3.1%, while domestic demand decreased by 1.4%, both figures compared to March 2025.
--- ---
Aeroméxico’s March 2026 load factor was 83.3%, a 0.6 p.p. increase as compared to March 2025.<br>International load factor increased by 1.0 p.p., and domestic load factor decreased by 0.2 p.p.
--- ---

Andrés Conesa, ChiefExecutive Officer stated : “March traffic results reflect Aeroméxico’s business resilience following localized disruptions in February, which affected demand in some particular regions in Mexico, as well as in transborder markets from the United States. The year-over-year improvement in load factor underscores our swift response and disciplined capacity management, demonstrating the flexibility and adaptability of our operating model. In the current challenging environment, marked by heightened fuel price volatility driven by geopolitical developments, we remain focused on optimizing our network and revenue management strategies to protect profitability while maintaining strong operational efficiency”.

March Cumulative to March
2026 2025 Var vs2025 2026 2025 Var vs2025
Passengers (itinerary + charter, thousands)
Domestic 1,334 1,359 -1.9 % 3,792 3,910 -3.0 %
International 660 664 -0.5 % 1,999 1,967 1.6 %
Total **** 1,994 **** **** 2,023 **** **** -1.4 % **** 5,791 **** **** 5,877 **** **** -1.5 %
ASMs (itinerary + charter, millions)
Domestic 904 914 -1.1 % 2,596 2,670 -2.8 %
International 2,095 2,056 1.9 % 6,000 6,027 -0.4 %
Total **** 2,999 **** **** 2,970 **** **** 1.0 % **** 8,596 **** **** 8,697 **** **** -1.2 %
RPMs (itinerary + charter, millions)
Domestic 752 762 -1.4 % 2,143 2,210 -3.0 %
International 1,746 1,694 3.1 % 5,112 4,948 3.3 %
Total **** 2,497 **** **** 2,456 **** **** 1.7 % **** 7,255 **** **** 7,158 **** **** 1.4 %
Load Factor (itinerary, %) **** p.p. **** **** p.p. ****
Domestic 83.2 % 83.3 % -0.2 82.6 % 82.8 % -0.2
International 83.4 % 82.4 % 1.0 85.2 % 82.1 % 3.1
Total **** 83.3 % **** 82.7 % **** 0.6 **** **** 84.4 % **** 82.3 % **** 2.1 ****

Figures may not sum to total due to rounding.

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The information included within this report has not been audited and does not provide information on theCompany’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance.

Glossary:

“RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This<br>includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown.
“ASMs” Available Seat Miles represent the number of available seats multiplied by the distance<br>flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used.
--- ---
“Load Factor” equals the number of passengers transported as a percentage of the number of<br>seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only.
--- ---
“Passengers” refers to the total number of passengers transported by the airline.<br>
--- ---

This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company andits management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,”“estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way weidentify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations,estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events orotherwise.

About Grupo Aeroméxico

Grupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion ofpassenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America,South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offeringconnectivity across more than 145 countries through its 18 partner airlines.

www.aeromexico.com

www.skyteam.com

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2