Founder & Managing Director, AIR Control Tower, AIR Control Tower

Neil Glynn

Founder & Managing Director, AIR Control Tower

AIR Control Tower

AIR Control Tower is an independent research and analysis platform. Its mission is to provide impactful insight and analysis across the global airline industry at a company and market level via detailed financial models to aid decision making for key stake holders at a time when risks have seldom, if ever, been higher and the global sector grapples with the imperative of funding de-carbonisation. Unique analysis forecasting global carrier-level earnings/cash flows, and restructuring/de-leveraging prospects, is designed to dynamically assess the health of the industry, predict surprises and identify potential requirements for third party support.

Insights on the global airline industry

Equity Capital Markets

Grupo Aeromexico / Equity Capital Markets

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<li>We raise our forecasts to reflect the strength of International revenue at Aeromexico - we expect it to beat 2023 EBITDAR targets by 26%</li>
<li>Aeromexico has been outperforming domestic competitors Volaris, Viva Aerobus due to international unit revenue gains - their forced capacity cuts due to GTF issues should help Aeromexico manage 2024 margins</li>
<li>Fitting with the global theme of consolidation difficulties, the US has ruled the Delta/Aeromexico JV must terminate - this could be a double digit % risk to PBT</li>
</ul>


We raise our forecasts to reflect the strength of International revenue at Aeromexico - we expect it to beat 2023 EBITDAR targets by 26%
Aeromexico has been outperforming domestic competitors Volaris, Viva Aerobus due to international unit revenue gains - their forced capacity cuts due to GTF issues should help Aeromexico manage 2024 margins
Fitting with the global theme of consolidation difficulties, the US has ruled the Delta/Aeromexico JV must terminate - this could be a double digit % risk to PBT


Aeromexico - International Strength Accelerating Progress but Delta JCA Termination a Speed Bump

Mexico

Grupo Aeromexico SAB de CV operates as an airline. The Company offers air transportation services, as well as promotes passenger loyalty programs. Grupo Aeromexico serves customers worldwide.

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Grupo Aeromexico (AERO US)

Aeromexico - International Strength Accelerating Progress but Delta JCA Termination a Speed Bump

Highlighting the upside to targets from Aeromexico's international revenue momentum, and providing insight into the risk to profitability from the...

Neil Glynn

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