Grupo Aeroméxico (NYSE: AERO) – Mexico's Only SkyTeam Member Airline | Company Profile
Grupo Aeroméxico is a full-service airline headquartered in Mexico City, Mexico, specializing in international and domestic air transportation services. It operates a route network connecting Mexico with 43 international cities across 22 countries in North America, South America, Europe, and Asia. As the leading airline at Mexico's largest airport, MEX, it holds 39% of the passenger traffic on Mexican and international routes and is the only Mexican airline to join the SkyTeam alliance.
I. Company Overview
Founded in 1934 and headquartered in Mexico City, Mexico, Grupo Aeroméxico employs 16,404 full-time staff. As Mexico's only full-service airline, its core business is air transportation, offering long-haul wide-body services connecting Mexico to global destinations and covering major cities in Mexico and international destinations across four continents.
Official Website: https://www.aeromexico.com/
II. Key Business Segments
- International and Domestic Air Passenger Services
- Operates a route network covering every major city in Mexico and 43 international cities across 22 countries in North America, South America, Europe, and Asia, providing premium cabin experiences and global connectivity via intercontinental flights.
- Hub Airport Operations
- Holds a leading position at Mexico's largest airport, MEX (Mexico City International Airport), and has a high share of capacity in commercial markets such as Guadalajara and Monterrey, as well as high-demand leisure markets like Cancún and Puerto Vallarta.
III. Technical and Business Advantages
- SkyTeam Alliance Membership
- As the only Mexican airline to join SkyTeam, one of the world's three major airline alliances, it leverages the network resources of 19 international airlines in the alliance to enhance competitiveness on international routes.
- Market Leadership
- As of March 31, 2024, it accounts for 39% of total passenger traffic on Mexican and international routes (AFAC data), making it a leading player in Mexico's aviation market.
- Route Network Coverage
- Boasts Mexico's most attractive route network, balancing commercial hubs and leisure tourism markets to meet the needs of diverse customer groups.
IV. Development History
| Year | Key Events |
|---|---|
| 1934 | Founded by Antonio Díaz Lombardo as Aeronaves de México. |
| June 22, 2000 | Co-founded the SkyTeam alliance with Air France, Delta Air Lines, and Korean Air. |
| 2006 | The parent company, Consorcio Aeroméxico, sold the company due to debt issues, and it was acquired by the National Bank of Mexico in 2007. |
| 2011 | Deepened its commercial alliance with Delta Air Lines, implemented code-sharing, and received a $65 million investment from Delta. |
| June 30, 2020 | Voluntarily filed for Chapter 11 bankruptcy protection in the U.S. due to the pandemic and initiated financial restructuring. |
| June 2022 | Delisted from the Mexican Stock Exchange to advance the restructuring plan. |
| May 13, 2024 | Filed an IPO application with the SEC, planning to list on the New York Stock Exchange under the ticker symbol AERO and raise up to $300 million. |
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