Aeroméxico earns S&P credit rating upgrade to BB-
Ratings on Aeroméxico’s 2029 Notes and 2031 Notes rose to BB, one notch above the issuer rating.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
6-K
Rhea-AI Filing Summary
Grupo Aeroméxico, S.A.B. de C.V. (AERO) announced that S&P Global Ratings upgraded its global scale issuer credit rating to BB- from B+. S&P also raised the ratings on the company’s 2029 Notes and 2031 Notes to BB from BB-; both note ratings are one notch above the issuer rating.
S&P cited Aeroméxico’s improved financial risk profile, resilient business model, disciplined financial management and ability to remain profitable amid industry volatility and rising operating costs. S&P also pointed to the company’s premium service model and high-value customer base, while strategic capacity management and geographic diversification support cost optimization.
1 point · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointS&P raised Aeroméxico’s issuer rating to BB- and note ratings to BB.
Negative
- None.
Key Figures
Issuer credit rating: BB-
Previous issuer credit rating: B+
2029 Notes and 2031 Notes ratings: BB
+1 more
4 metrics
Issuer credit rating
BB-
S&P global scale rating, upgraded from B+
Previous issuer credit rating
B+
S&P global scale rating before the upgrade
2029 Notes and 2031 Notes ratings
BB
Raised from BB-; both are one notch above the issuer rating
Previous 2029 Notes and 2031 Notes ratings
BB-
Ratings before the upgrade
Key Terms
global scale issuer credit rating, financial risk profile, committed credit lines
3 terms
global scale issuer credit rating financial
"upgraded the Company’s global scale issuer credit rating"
financial risk profile financial
"with its improved financial risk profile"
committed credit lines financial
"supported by its positive cash generation and committed credit lines"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is AERO’s new S&P credit rating?
S&P Global Ratings upgraded Grupo Aeroméxico’s global scale issuer credit rating to BB- from B+. It also raised the ratings on the 2029 Notes and 2031 Notes to BB from BB-; both are one notch above the issuer rating.
What did S&P cite for AERO’s rating upgrade?
S&P cited Aeroméxico’s improved financial risk profile, resilient business model, disciplined financial management and ability to remain profitable amid industry volatility and rising operating costs. It also cited the premium service model and high-value customer base, along with strategic capacity management and geographic diversification.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 Under the
Securities Exchange Act of 1934
For the month of October 2026
Commission File Number: 001-42931
Grupo Aeroméxico, S.A.B. de C.V.
(Name of registrant)
Aeromexico Group
(Translation of registrant’s name into English)
Avenida Paseo de la Reforma 243, 25th Floor
Col. Cuauhtémoc, Cuauhtémoc 06500
Mexico City
United Mexican States
+52 (55) 9132 4000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
On October 28, 2026, Grupo Aeroméxico, S.A.B. de C.V. (the “Company”) issued a press release titled “Aeroméxico Announces S&P Global Ratings Upgrade”. A copy of this press release is furnished with this Form 6-K as Exhibit 99.1.
EXHIBIT INDEX
| Exhibit | Description | |||||||
| 99.1 | Press Release dated October 28, 2026, titled “Aeroméxico Announces S&P Global Ratings Upgrade.” | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Grupo Aeroméxico, S.A.B. de C.V. | ||||||||
| Date: October 28, 2026 | By: | /s/ Ernesto Gómez Pombo | ||||||
| Name: | Ernesto Gómez Pombo | |||||||
| Title: | General Counsel | |||||||
Aeroméxico Announces S&P Global Ratings Upgrade
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.