Svenska Aerogel Holding Ab Stock Earnings Reports

Aeromexico reported strong 2Q26 results largely in line with April guidance despite volatile and elevated jet fuel costs. Total revenue rose ~30% YoY to ~$1.5bn, TRASM +10.5% and PRASM +10%. Capacity (ASMs) was up ~2% YoY. Adjusted EBITDA was $260m (18% margin) and operating income $68m (5% margin). Fuel was a major headwind: a ~$220m YoY fuel cost increase in 2Q (about $30m above April guidance assumptions), but Aeromexico recaptured ~70–75% of the incremental fuel cost through pricing and revenue management. Premium revenue mix hit a record 43% and Aeromexico achieved top on-time performance; Aeromexico Rewards penetration reached a record 39%. The company maintained liquidity (~$1bn cash; total liquidity >$1.2bn including an undrawn $100m RCF) and generated strong operating cash flow (~$362m in the quarter), reducing financial debt and lowering adjusted net debt vs. last year. Management set refreshed guidance: 3Q revenue ~$1.59–1.62bn with mid–high 20%s adjusted EBITDA margin and mid-teens operating margin; 4Q expected revenue growth 14.5–16.5% with adjusted EBITDA margin 28–31% and operating margin 15.5–18.5%; full-year ASM growth 2–3%, revenue growth 13–14%, adjusted EBITDA margin 20.5–26.5% and operating margin 11–13%. Capacity is expected to accelerate into Q4 (high single-digit ASK growth) supported by additional 787 deliveries and Mexico City slot increases (airport ops from 44 to 46/hour, Aeromexico’s share ~10 pair of slots). Non-fuel cost pressures include peso appreciation, inflationary wages and higher maintenance costs (renewal of component support contracts). Management highlighted operational leverage potential in Q4 and 2027, the successful launch of a new co-branded Inbursa card and ongoing loyalty growth. Overall, investors should note resilience in revenue and margins despite fuel volatility, strong liquidity and cash generation, clear capacity and margin guidance for H2, and material upside from operational leverage as utilization increases.