13FGuru
Sign in with Google Sign in with Discord

NYSE · Industrials

GRUPO AEROMEXICO SAB DE CV AERO

Mexico's leading full-service airline connects domestic and international routes through passenger and cargo operations, with Mexico City as its hub and focusing on the high-end business travel market. The company is known for being No. 1 in punctuality in the world and will be listed on the New York Stock Exchange in 2025. International and high-end demand has recently driven revenue growth, but fuel and labor costs and exchange rate fluctuations have brought pressure on profitability. Investment analysis needs to focus on cost-passing capabilities and the pace of demand recovery.

Sources Company earnings and call materials quartr.com
Airlines

Company profile

Business mix

  • It is a full-service aviation operator whose revenue is mainly from passenger transport. Its routes cover domestic Mexico, North America, South America, Europe and Asia. Its core hub is Mexico City International Airport.
  • Through frequent flyer programs and brand advantages, we will deeply explore the high-end market and build competitive barriers with leading on-time performance and high-quality services.

Current key questions

  • High fuel prices and rising labor costs have compressed profit margins. The company plans to gradually recover costs through pricing strategies and fuel hedging, but short-term operating profit margins are under pressure.
  • Disturbances in demand in the domestic market and appreciation of the peso affect revenue denominated in U.S. dollars, resulting in significant fluctuations in net income. We need to pay attention to exchange rate risks and demand differentiation.
  • The capacity growth rate has been reduced from the original plan of 3-5% to 2-3%. Balancing expansion and revenue has become the key, while seizing the growth opportunities of international routes.
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 7.05 FCF 25.07% Buyback -9.03%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Oaktree Capital Management Howard Marks 0.9% $55.6M 2026-03-31
Baupost Group Seth Klarman 1.3% $68,371 2026-03-31

Recent trading changes over the last 4 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 2 Last 4 13F filing periods
Net reducers 0 Last 4 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $55.7M Estimated from net added shares
Reduction amount $0 Estimated from net reduced shares
Net share change / base shares New +8,848,874 / 0
Oaktree Capital Management Howard Marks 2 filing periods
13F 2025-12-31 Filed 2026-02-17
New Shares - 13F value change +$82.9M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 5.1% 13F value change -$27.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +3,968,686 (New) Total shares 3,968,686 Value $55.6M
Baupost Group Seth Klarman 2 filing periods
13F 2025-12-31 Filed 2026-02-13
New Shares - 13F value change +$106,620
13F 2026-03-31 Filed 2026-05-14
Minor increase Shares 0.5% 13F value change -$38,249
Settlement As of 13F 2026-03-31 · Filed 2026-05-14
Base shares 0 Last 4 periods +4,880,188 (New) Total shares 4,880,188 Value $68,371

Recent mentions

No public mentions.