Grupo Aeromexico, S.a.b. De C.v. cash flow statement

In fiscal 2025, Grupo Aeromexico, S.a.b. De C.v.'s operations generated $913m of cash; it spent $334m on capital projects, leaving free cash flow of $579m. It returned $205m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Grupo Aeromexico, S.a.b. De C.v.: cash flow statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	1,345	1,368	913
Depreciation and amortisation	580	655	730
Stock-based pay	—	18	1
Capital spending	333	423	334
Free cash flow	1,012	945	579
Free cash flow after stock pay	—	927	578
Share buybacks	275	819	205

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Grupo Aeromexico, S.a.b. De C.v.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Grupo Aeromexico, S.a.b. De C.v.