Aeromexico Posts Record Q4 EBITDA of $502M on 6.2% Unit Revenue Growth
Grupo Aeromexico reported Q4 passenger revenue up 4.3% and unit revenue up 6.2%, generating record adjusted EBITDA of $502 million at a 35% margin. The airline flew 25 million passengers in 2025, expanded its fleet to 165 aircraft and reduced net debt to 1.8x EBITDA with $1.2 billion liquidity.
1. Q4 Revenue and Profit Performance
In Q4, passenger revenue rose 4.3% and passenger unit revenue increased 6.2% year-over-year, supported by U.S. unit revenue gains of 5%. Total revenue of $1.4 billion excluding nonrecurring items fueled record adjusted EBITDA of $502 million at a 35% margin and operating income of $303 million at 21%.
2. Full-Year Financial Metrics
For 2025, total revenue reached $5.4 billion, up 2% excluding prior nonrecurring items, with adjusted EBITDA of $1.7 billion at a 31% margin and operating income of $928 million at 17%. Operating cash flow was $913 million, while net debt fell by $156 million to 1.8x EBITDA and liquidity stood at $1.2 billion.
3. Fleet Growth and Operational Milestones
Aeromexico transported 25 million passengers in 2025 and expanded its fleet to 165 aircraft, adding 17 year-over-year. The airline achieved the highest-level Safety Management Systems recognition, was ranked the world’s most on-time carrier for a second consecutive year, and earned APEX Five-Star status for the seventh straight year.
4. Premium and Loyalty Initiatives
Premium travel comprised 42% of total revenues, nearly 17 points above pre-pandemic levels, with premium unit revenue growth outpacing main cabin by six points. Loyalty engagement reached a record 37% of customers, and a new co-branded credit card program is set to launch on June 1, 2026.