Grupo Aeromexico, S.a.b. De C.v. · BMV:AERO

Grupo Aeromexico, S.a.b. De C.v — Q2 2026 Earnings Presentation

14 slides from Grupo Aeromexico, S.a.b. De C.v's earnings presentation, Jul 14, 2026

  1. Slide 1: Second Quarter 2026 Results

    c Second Quarter 2026 Results July 14, 2026

  2. Slide 2: Disclaimer

    Disclaimer This presentation shall not be construed as a recommendation regarding any securities and shall not constitute an offer to sell or a solicitation of an offer to buy securities or an invitation or inducement to engage in investment activity nor shall there be any sale of securities in any

  3. Slide 3: Strong Financial and Operational Results despite a Volatile Environment

    Strong Financial and Operational Results despite a Volatile Environment AEROMEXICO Results in Line with 2Q Guidance Performing with Excellence Healthy Demand Trends Strong demand in April ASMs (bn) TRASM (USD ₵) and May (YoY +2%) (YoY +11%) Temporary demand shifts 9.3 16.0 in June due to World Cup 9

  4. Slide 4: Record Premium Revenue Mix Driven by a Strong Customer Value Proposition

    Record Premium Revenue Mix Driven by a Strong Customer Value Proposition CO Elevating Customer Value Mexico City Airport (AICM) New Co-brand alliance State of the Art Premier Lounges Reopened Aeroméxico - Inbursa Record NPS (2) #1 ON-TIME 1H26 reached Performance in 1H26 (3) an All-Time High Renewed

  5. Slide 5: 2Q Financial Results in line with Guidance

    2Q Financial Results in line with Guidance Fuel prices were 8% above guidance assumptions, 2Q26 EBIT Margin 7.1% ! resulting in a ~30 M headwind in 2Q26 7.1% Guidance Upper End 7% Our resilient model and +2.5 p.p. disciplined approach continue to 4.6% deliver strong performance Guidance Lower despit

  6. Slide 6: Strong 2Q Results In-Line with Expectations

    Strong 2Q Results In-Line with Expectations 2Q26 Key Financial & Operational Indicators Within Guidance Range Strong Balance Sheet Total Capacity (ASMs) +2% YoY Liquidity to LTM Revenue(4) Total Revenue 22% $1,479 M +13% YoY Adjusted EBITDAR(4) $264 M 18% Margin Net Leverage Ratio(4) Below 2.0x Oper

  7. Slide 7: Strong Revenue Growth Recaptures ~75% of Fuel Cost Increases

    Strong Revenue Growth Recaptures ~75% of Fuel Cost Increases Fuel Costs Mitigated by Pass-Through Revenue USD Fuel Expense USD M M $166 $219 $494 Fuel Cost Recapture $1,479 ~75% $275 $1,314 Disciplined commercial execution and solid underlying demand 2Q25 2Q26 2Q25 2Q26 leveraged our strong brand Fu

  8. Slide 8: 3Q26 Guidance – Absolute EBIT and EBITDAR Growing Year-over-Year

    3Q26 Guidance(5) – Absolute EBIT and EBITDAR Growing Year-over-Year 3Q26E Guidance Assumptions Financial KPIs Guidance Total Capacity (ASMs) Total Revenue (bn) Adj. EBITDAR (USD M) Operating Income (USD M) ~ +0.5% to +1.5% YoY Total Revenue ~1.62 Upper End ~ 1.59 bn to 1.62 bn ~ 485 Upper End ~ +12.

  9. Slide 9: 4Q26 Guidance – Margin Expansion driven by Healthy Demand and Operating Leverage

    4Q26 Guidance(5) – Margin Expansion driven by Healthy Demand and Operating Leverage 4Q26E Guidance Assumptions Absolute EBIT and Adj. EBITDAR above 2025 Total Capacity (ASMs) Total Revenue (bn) Adj. EBITDAR (USD M) Operating Income (USD M) ~ +6.5% to +8.0% YoY Total Revenue ~ 1.68 Upper End Upper En

  10. Slide 10: 2026 Full Year Guidance: Strong Momentum in H2

    2026 Full Year Guidance(5): Strong Momentum in H2 FY26E Guidance Assumptions Total Capacity (ASMs) ~ +2.0% to +3.0% Total Revenue Strong demand, ~ 6.0 bn to 6.1 bn easing fuel cost ~ +13.0% to +14.0% pressures, and operating leverage Adjusted EBITDAR Margin(4) set the stage for ~ 24.0% to 26.0% cont

  11. Slide 11: Q&A

    Q&A Andrés Conesa Labastida, CEO c Ricardo Sánchez Baker, CFO aminvestorrelations@aeromexico.com

  12. Slide 12: Appendix

    Appendix Footnotes (1) Premium revenue mix consists of revenue from premium products and services above Básica / Clásica coach cabin products. Ratio is calculated based on total passenger revenue. (2) Calculated using airport survey responses and online surveys through promoter teams in MEX, GDL, an

  13. Slide 13: Adjusted EBITDAR Reconciliation

    Appendix Adjusted EBITDAR Reconciliation (USD millions) 2Q26 2Q25 Var. % Profit (loss) for the period (58) 68 - (+) Income tax expense (benefit) (10) 17 - (+) Depreciation and amortization (1) 193 180 7.2% (+) Net finance cost 136 145 (6.5%) (+) Impairment (reversal) 0 (4) - (+) Aircraft leasing (2)

  14. Slide 14: Adjusted Net Debt Reconciliation

    Appendix Adjusted Net Debt Reconciliation June 30, 2026 December 31, 2025 (USD millions) Total loans and borrowings, including leases 4,069 4,055 (-) Cash and cash equivalents 1,037 1,024 = Adjusted Net Debt (1) 3,032 3,031 Net Leverage Ratio Reconciliation (Adjusted Net Debt / Last Twelve Months Ad

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