Mexico City, October 28, 2026 – Grupo Aeroméxico, S.A.B. de C.V. (“Aeromexico” or the “Company”) (BMV & NYSE: AERO) announced today that S&P Global Ratings has upgraded the Company’s global scale issuer credit rating "BB-" from "B+", reflecting the resilience of Aeroméxico’s business model, disciplined financial management, and ability to remain profitable despite industry volatility and rising operating costs.
S&P Global Ratings also raised the ratings on Aeroméxico’s 2029 Notes and 2031 Notes to "BB" from "BB-", both which are one notch above the Company's issuer credit rating.
According to S&P, Aeroméxico is withstanding industry volatility as demonstrated by its improved financial risk profile. Aeroméxico's premium service model and high-value customer base provide a critical competitive advantage. Strategic capacity management and geographic diversification are also supporting cost optimization. Aeroméxico's liquidity remains solid, supported by its positive cash generation and committed credit lines.
This upgrade represents an important recognition of the structural strength and durability of the Company’s business model, as demonstrated by Aeroméxico’s resilient operating performance, strong profitability, solid liquidity and cash generation, and leading position as Mexico’s flagship airline.
Contact:
Investor Relations aminvestorrelations@aeromexico.com
Corporate Communications amcomunicacioncorporativa@aeromexico.com 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 passenger loyalty programs. Aeroméxico, Mexico’s global airline, has its main hub at Terminal 2 of Mexico City International Airport. Its destination network covers Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190 aircraft. Aeroméxico is a founding member of SkyTeam, an alliance that has been operating for more than 25 years and offers connectivity in more than 145 countries through its 18 member airlines.
www.aeromexico.com
www.skyteam.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, which reflect the current views and/or expectations of the Company and its management regarding its performance, business and future events. We use words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “target,” “estimates,” “projects,” “foresees,” “guidance,” “forecast,” “outlook” and other similar expressions to identify such statements. These statements are subject to various risks, uncertainties and assumptions. Several factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this press release. Such factors include, among others: external risks, safety and security concerns, health threats, accidents, global instability, security breaches, terrorism and natural disasters; economic and geopolitical conditions in Mexico and internationally, as well as their impact on customer travel behavior and fuel prices; volatility in the fuel market; the Company’s ability to meet its financial obligations, obtain financing and maintain liquidity; its ability to attract and retain key personnel, as well as the Company’s labor relations with its employees; dependence on aircraft manufacturers and other suppliers; aircraft maintenance costs and utilization; changes in airport fees; air traffic congestion; the competitive environment of the aviation industry; dependence on partnerships and alliances, as well as the challenges of entering into new partnerships and alliances; and other factors described in the “Risk Factors” section of the Company’s annual report on Form 20-F filed with the SEC on April 30, 2026, as well as in other documents filed with or furnished to the SEC. Forward-looking statements are based on information available at the time they are made and on management’s good-faith belief regarding future events. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law. The Company also undertakes no obligation to inform the market, through official announcements, of future purchases of shares by its directors and officers, except as required by applicable law.