# Grupo Aeromexico, S.A.B. de C.V (AERO)

> Source: Nexqual · https://nexqual.com/AERO · data as of 2026-10-23 16:15 UTC · cite as "Nexqual, Grupo Aeromexico, S.A.B. de C.V (AERO), nexqual.com/AERO" · informational, not investment advice.

**Price:** USD 15 (-1.38% today) · US market open, as of October 23, 2026 at 16:15 UTC; quotes may be delayed. Prev close 15.21 · day 14.77–15.14 · 52w 12.26–23.05 · market cap $2.19B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold AERO (13F, Q2 2026): 0 new, 0 added, 0 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $2.0M; 2 not under a Rule 10b5-1 plan ($2.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.67 on a 1–5 scale) (9 analysts), mean target USD 26.16 (range 17–30).
- Total return with dividends: 1Y -26.3% vs S&P 500 +14.7%; 5Y -22.6% vs S&P 500 +77.5%.
- Next earnings: 2026-10-19, EPS estimate USD 0.7, revenue estimate $31.4B.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold AERO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 1.89% | $71.4M | Unchanged |
| Seth Klarman | Baupost Group | 1.62% | $87.8M | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-12 | Murray Aaron James | Chief Commercial Officer | 355,600 | $563K | 22% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-20…2026-05-21 | Murray Aaron James | Chief Commercial Officer | 950,000 | $1.5M | 37% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.67 on a 1–5 scale), 9 analysts; mean target USD 26.16 (low 17, high 30).

## Total return (dividends reinvested)
|  | 1Y (from 2025-11-06) | 5Y (from 2025-11-03) |
|---|---|---|
| Total return | -26.3% | -22.6% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | — | — |
| Volatility (annualized) | 53.5% | 53.5% |
| Max drawdown | -46.0% (Dec 2025→Mar 2026) | -46.0% (Dec 2025→Mar 2026) |

## Peers (Airlines)
ALGT (Allegiant Travel Company) USD 67.06 -4.69% · SKYW (SkyWest, Inc.) USD 92.81 -3.05% · ALK (Alaska Air Group, Inc.) USD 33.92 -4.13% · AZUL (Azul S.A.) USD 6.02 +0.33% · ULCC (Frontier Group Holdings, Inc.) USD 4.89 -7.74% · JBLU (JetBlue Airways Corporation) USD 2.6 -2.08%

## More
Full page: https://nexqual.com/AERO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in AERO's own 20-F filed 2026-04-30 (https://www.sec.gov/Archives/edgar/data/1561861/000119312526197494/d101275d20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Boeing (BA) | "These increased costs could affect our cost structure, particularly in connection with aircraft and spare parts sourced from international manufacturers such as Boeing and other U.S.-based suppliers." |
| Supplier | CFM International | "In early 2025, we observed recurring early signs of deterioration in the High-Pressure Turbine, or HPT, Stage 1 blades of certain LEAP-1B engines, or HPT Stage 1 Blades, supplied by CFM International, Inc., or CFM, which…" |
| Supplier | Chevron (CVX) | "To cover our fuel needs at airports outside of Mexico, we purchase fuel from local suppliers in those locations, such as Chevron, Valero and British Petroleum, at prices generally based on the Platt's Oilgram Price Repor…" |
| Partner | DELTA AIR LINES, INC. (DAL) | "Peter serves as a member of the Boards of Virgin Atlantic Airways, Grupo Aeromexico, the SkyTeam Global Airline Alliance, The Delta Air Lines Foundation, the United Way of Greater Atlanta, the Minnesota Business Partners…" |
| Partner | Aimia | "For instance, we obtained control of PLM in 2022, the entity that manages our Aeroméxico Rewards, through a share purchase agreement with Aimia." |
| Partner | Visa (V) | "For example, we have an agreement with Santander for the issuance of Visa co-branded credit cards." |
| Partner | SCITUM | "As a part of this effort, in 2022, we entered into an agreement with SCITUM, S.A. de C.V. who provides specialized cybersecurity services, including supervision, prevention, detection, investigation and response to possi…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.70 | $0.81 | -13.6% | $31.41B | 2 |
| Next quarter (ends 2027-03-31) | $0.04 | $0.23 | -82.6% | $27.17B | 1 |
| Current fiscal year (ends 2026-12-31) | $1.50 | $1.15 | +30.6% | $110.88B | 2 |
| Next fiscal year (ends 2027-12-31) | $1.75 | $1.93 | -9.4% | $116.85B | 6 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 82.8% | ±18.4% |
| 2027-02-19 | 119 | 67.5% | ±30.1% |
| 2027-05-21 | 210 | 63.3% | ±37.0% |