S&P Global Ratings upgraded Grupo Aeromexico’s global scale issuer credit rating to BB- from B+, citing the airline’s resilient business model, disciplined financial management, and ability to remain profitable despite industry volatility. The agency also raised ratings on the company's 2029 and 2031 Notes to BB from BB-. S&P highlighted Aeromexico's premium service model, high-value customer base, strategic capacity management, and solid liquidity supported by positive cash generation as key drivers for the upgrade. Grupo Aeromexico is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs.
