Grupo Aeroméxico (NYSE:AERO) delivered a record-setting performance in its fourth quarter, reporting an adjusted EBITDAR margin of 34.9%—the highest in the company’s history—despite a year characterized by volatile domestic demand and a strategic network realignment.
The Mexico City-based flag carrier generated $1.44 billion in revenue for the quarter, bringing its full-year 2025 total to $5.36 billion.
While total annual revenue saw a slight decline compared to 2024, the airline's focus on cost discipline and premium services pushed full-year adjusted EBITDAR to $1.67 billion.
The surge in profitability was particularly evident in the fourth quarter, where operating income reached $303.1 million, bolstered by a premium revenue mix that now accounts for 42% of passenger-related income.
The airline's operational efficiency remained high, ending the year as one of the world’s most punctual carriers according to Cirium data.
Full-year cost per available seat mile excluding fuel (CASM-Ex) stood at 9.3¢.
Perhaps most critically for investors, Aeroméxico significantly strengthened its balance sheet, ending 2025 with an adjusted net debt-to-EBITDAR ratio of 1.8x, down from previous highs and providing a stable foundation for upcoming capital expenditures.
Following the quarter's performance, management issued a bullish outlook for 2026, targeting a revenue range of $5.77 billion to $5.88 billion.