We are uniquely positioned as the only full service carrier, or FSC, based in Mexico and the only airline that provides long-haul, wide-body service connecting Mexico with the rest of the world.(Incorporated in the United Mexican States) 

We offer a premium experience to both international and domestic destinations, including every major city in Mexico and 43 international cities in 22 countries across multiple continents: North America, South America, Europe and Asia. We maintain the most attractive route network in Mexico, and we are the leading airline at MEX, the largest airport in Mexico, which is capacity constrained, and accounted for 39% of total passengers flying within, to and from Mexico and internationally in the 12-month (twelve-month) period ended March 31, 2024, according to the AFAC. We also have a strong presence in Mexico’s other large business markets, including Guadalajara and Monterrey, where we provide global connectivity by offering intercontinental flights. In addition, we have a large footprint in high-demand leisure markets, such as Cancún and Puerto Vallarta. We are the only Mexican airline that is a member of one of the three global airline alliances through our membership in SkyTeam, a global network of 19 international carriers, which we co-founded with Delta more than 20 years ago. In addition, we have a Joint Cooperation Agreement, or the JCA, with Delta that supports passenger flows in the Mexico–U.S. transborder market, the largest transborder air passenger market in the world as measured by available seats in the 12-month (twelve-month) period ended March 31, 2024, according to Diio.

In 2022, as a result of the economic downturn caused by the COVID-19 pandemic, we completed a reorganization process. We believe we are positioned for significant and profitable growth through our reduced cost structure following our Chapter 11 restructuring and the upgauging of our fleet to larger, more efficient aircraft. In the years following our restructuring, we intend to invest to expand our fleet and improve the product and customer experience for our passengers. These investments will allow us to maintain the highest service standard as the only FSC based in Mexico, as well as our position as Mexico’s airline of choice. We are well-positioned for strength, as we operate in one of the largest and highest-growth aviation markets, according to the World Bank, and our CASK is significantly lower than that of U.S. legacy carriers and major European international FSCs. The Mexican airline competitive landscape has materially changed since the start of the COVID-19 pandemic. We believe the combination of air travel market size and growth in Mexico has created one of the best air travel market environments in the world.

We are the only Mexican FSC providing premium service to passengers traveling to, from or within Mexico. We provide our passengers a high-quality customer experience through offering three classes of cabin service, including our business class product, branded as Clase Premier, with lie-flat beds and a private bar area on certain long-haul flights. We offer additional in-flight amenities, including video screens at each seat, Wi-Fi connectivity with free text messaging, and complimentary beverages and meals curated by world-famous chefs. Our premium customers have access to our VIP lounges, and we offer best-in-class on-time performance and reliable baggage handling services. In addition, all of our customers have access to our loyalty program, Aeroméxico Rewards, which is the largest program in Mexico. Through our hub-and-spoke model, we offer multiple daily frequencies and extensive connectivity to important business and leisure destinations, including Mexico City, Monterrey, Guadalajara, Cancún, New York, Los Angeles, Madrid, London, Paris, Rome, Amsterdam, Tokyo, Bogotá, São Paulo, Santiago and Buenos Aires. In addition, we expect to resume flights to Seoul, South Korea, in the third quarter of 2024. Additionally, the strength of our domestic regional arm, Aeroméxico Connect, provides strong network feed for our international long-haul flights and solidifies our domestic footprint. No other airline provides the same level of service and connectivity in Mexico as Aeroméxico, or has a comparable brand recognition, as evidenced by our leading NPS score as of December 2023 within the Mexican aviation industry. Our position in the Mexican market allows us to generate a significant revenue premium as a result of our higher RASK business model, as compared to that of Mexican ULCCs, according to public filings.

Our high-quality product and service cater to both corporate and leisure customers with higher disposable incomes. We believe we are the leading airline within the business community for both Mexican and international passengers traveling to and from Mexico, which we believe will provide incremental tailwinds for growth, given the robust free trade agreement between the U.S. and Mexico and recent nearshoring trends. Moreover, as compared to other Mexican airlines, our unmatched global network and high-quality product and service gives us an advantage with Mexican leisure travelers, as well as with international tourists flying into Mexico. We also have a strong presence within the Mexican-American community, who frequently travel to or from Mexico to visit family and relatives, or the VFR segment. We believe that these passengers have growing disposable incomes, as evidenced by historically high level of remittances in 2021, 2022 and 2023 according to the Mexican Central Bank. We also believe that many of these passengers prefer our reliable, safe and premium product offering. Serving these demographics with our product allows us to maintain a significant revenue premium over other Mexican carriers, which are ULCCs that serve a different customer base that does not demand a premium product offering. Our significant revenue premium is also supported by growing household income in Mexico, which is expected to exceed $1 trillion in aggregate by 2024, according to the Economist Intelligence Unit. We believe our attractive mix of both premium business and leisure customers offers stable and balanced performance through different market cycles.

As of March 31, 2024, we operate a young and highly efficient fleet with an average age of 8.3 years. By comparison, the average fleet age was 14.6 years for U.S. legacy carriers as of December 31, 2023. As of March 31, 2024, our fleet of 144 aircraft consisted of 20 Boeing 787 Dreamliners, 87 Boeing 737s (which includes both Boeing 737-NG and Boeing 737 MAX aircraft) and 37 E190s. The E190s are part of our regional carrier brand Aeroméxico Connect. In the three-month period ended March 31, 2024, 31% of our total flights from MEX, including domestic and international routes, were operated with E190s, which have a configuration of 99 seats per aircraft. As we upgauge our fleet, we expect to increase the usage of B737-8 MAX and B737-9 MAX aircraft, each of which have a configuration of up to 181 seats per aircraft. This change could lead to a potential increase of 83% in the number of seats per departure from MEX and increase the number of premium seats from 11 to 34 on average for each E190 replaced by a B737-9 MAX.

Note: Net income and revenue are for the year that ended Dec. 31, 2023/

(Note: Grupo Aeromexico filed its F-1 on May 13, 2024, without disclosing terms for its IPO. This is an IPO of American Depositary Securities (ADS). The selling shareholders are offering all of the ADS in the IPO. The company is not offering any stock. Estimated proceeds are $100 million, a placeholder figure. Some IPO pros say that they believe that Grupo Aeromexico’s IPO may raise up to $300 million.)