Montana Aerospace AG (AERO) Earnings Call Transcripts

Montana Aerospace AG's Latest Earnings Call - Q1 FY2026

In Q1 2026, Grupo Aeroméxico reported revenue of $1.34 billion, a 13.3% increase year-over-year, exceeding guidance. The company achieved an operating margin of 11%, aligning with the lower end of its guidance. Management highlighted resilience despite external challenges, such as fuel price surges and demand disruptions. Guidance for Q2 anticipates revenue growth of 12.5% to 15.5% YoY, with an operating margin between 4% and 7%. The company plans to recover 50% of incremental fuel costs in Q2, aiming for 100% by Q4.

Reported metrics

Guidance from management

For Q2, revenue is expected to grow 12.5% to 15.5% YoY with an operating margin between 4% and 7%. Full-year guidance remains unchanged pending market stabilization.

What management said

Two additional -- sorry, data points. When the conflict in the Middle East started at the end of February, early March, we had for the remainder of the quarter, 80% of the tickets sold because Easter was in April in 2025, and it was in March in 2026. So that reduced our ability to do the pass-through for the quarter. And our ATL on average is 35 days. So once you get to the new cycle, then that's when you can transla...

Yes, I'll talk about the network first. Obviously, outside of Mexico City is the easiest place to target, and we have some point-to-point flying, not part of our hub. And that was the easiest gest kind of the easiest to pare down. Obviously, our focus is it driving a return on cash costs, right? And that was the driver of it. As you get into -- when you look into our hub, we do have some opportunity to cut at AICM, a...

What analysts pressed on

Analysts questioned the company's ability to offset fuel price increases and the impact on domestic markets. Concerns were also raised about capacity adjustments and potential slot waivers at Mexico City Airport.

Main topics on the call

• Revenue Performance — Total revenue reached $1.34 billion, up 13.3% YoY, surpassing guidance. International revenue grew 13.6%, driven by long-haul markets in Europe, Asia, and South America.
• Fuel Price Impact — Fuel accounted for 21% of total revenues in 2025. Management plans to recover 50% of incremental fuel costs in Q2, with a path to 100% by Q4. 'We expect to recover approximately 50% of the incremental fuel costs.'
• Liquidity and Cash Flow — Liquidity exceeded $1.2 billion, with cash flow generation strong despite typical Q1 weakness. 'We closed the March quarter with a robust financial position with liquidity exceeding $1.2 billion.'
• Capacity Management — Capacity adjustments include a 0.5% reduction in Q2. The company plans to increase capacity by 1.5% to 2.5% YoY in Q2, focusing on profitable wide-body routes.

Read the full Montana Aerospace AG transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Montana Aerospace AG earnings call transcripts on record, spanning May 5, 2022 to August 13, 2026. Based on this history, Montana Aerospace AG reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AERO

Exchange

SWX

Country

CH

Sector

Industrials

Industry

Aerospace and Defense

Calls on record

19

First call

May 5, 2022

Most recent

August 13, 2026

Reporting cadence

quarterly