Airlines in Mexico M&A Movements Analysis¶
M&A Movements¶
Based on the analysis of the provided value chain report and supplementary searches for the period of 2024 and 2025, no major mergers or acquisitions significantly impacting the overall structure or key players within the Mexican airline industry value chain were identified. The market landscape, as detailed in the value chain analysis, remains characterized by the continued operations of the main private airport consortia (GAP, ASUR, OMA) alongside the state-owned GACM, the government's air traffic control provider (SENEAM), the dominant domestic airlines (Viva Aerobus, Volaris, Aeroméxico), the relaunched state carrier (Mexicana de Aviación), key international operators, and various MRO and support service providers.
Activities noted within this timeframe primarily relate to airline operational performance, passenger volume growth, strategic alliances (such as the existing Aeroméxico-Delta joint venture and proposed Viva Aerobus-Allegiant partnership), fleet leasing agreements, and ongoing infrastructure and workforce challenges. While these activities are significant to the industry, they do not constitute major M&A movements that would redefine the value chain structure through changes in ownership or control of major entities across its different steps.
Therefore, a detailed report on the impact of major M&A movements on the value chain cannot be provided for the 2024-2025 period based on the available information, as no such movements of significant impact were identified.
Table of the impact of these movements¶
M&A Movement | Value Chain Step(s) Impacted | Description of Impact |
---|---|---|
No major M&A movements significantly impacting the value chain were identified in 2024-2025 based on the available information. | All steps are indirectly subject to the existing market structure and competitive dynamics. | The absence of major M&A means the existing competitive landscape, commercial relationships, and operational challenges within each value chain step remain the primary factors influencing market dynamics in this period. |
References¶
- Aeroméxico, la aerolínea más confiable de 2024, según Cirium.
https://es-us.finanzas.yahoo.com/noticias/aerom%C3%A9xico-aerol%C3%ADnea-confiable-2024-cirium-203315447.html
- Aeroméxico, lista para su oferta pública – El Financiero.
https://www.elfinanciero.com.mx/empresas/2024/06/20/aeromexico-lista-para-su-oferta-publica/
- Air Distribution Simplified | NDC - CWT.
https://www.cwt.com/ch-en/insights/air-distribution-simplified-ndc
- Air Lease Corporation Confirms New Lease Agreements with Aeromexico for Nine New Boeing 737 Aircraft.
https://www.businesswire.com/news/home/20221114005950/en/Air-Lease-Corporation-Confirms-New-Lease-Agreements-with-Aeromexico-for-Nine-New-Boeing-737-Aircraft
- Airports – Proyectos México.
https://www.proyectosmexico.gob.mx/en/infrastructure-projects/airports/
- ALTA presents Mexico Aviation Insight.
https://alta.org/alta-press-room/alta-presents-mexico-aviation-insight/
- APG Network - Home.
https://www.apg-network.com/
- Best Airlines in the World in 2024 Based on On-Time Performance - Aviation A2Z.
https://aviationa2z.com/index.php/2024/01/03/best-airlines-in-the-world-in-2024-based-on-on-time-performance/
- Cheap Mexican airlines reviewed - Earth Vagabonds.
https://earthvagabonds.com/cheap-mexican-airlines/
- CDB Aviation and Volaris Agree to Sale and Leaseback of Four New A320neo Aircraft.
https://www.cdbaviation.aero/2024/01/cdb-aviation-and-volaris-agree-to-sale-and-leaseback-of-four-new-a320neo-aircraft/
- Customers - Air Lease Corporation.
https://www.airleasecorp.com/customers
- Driving growth with airline ancillaries - Mastercard Data & Services.
https://www.mastercard.com/global/en/commercial/documents/driving-growth-airline-ancillaries.pdf
- Empresas aéreas en México ganaron más de 34 mil mdp en 2024 - El Financiero.
https://www.elfinanciero.com.mx/empresas/2024/07/29/empresas-aereas-en-mexico-ganaron-mas-de-34-mil-mdp-en-2024/
- FBO & Aircraft Ground Handling Services in Mexico - Universal Aviation.
https://www.universalaviation.aero/locations/mexico/
- Grupo Aeroméxico, S.A.B. de C.V. reporta resultados del segundo trimestre y seis meses terminados el 30 de junio de 2024 - Marketscreener.
https://www.marketscreener.com/quote/stock/GRUPO-AEROMEXICO-S-A-B-4813/news/Grupo-Aeromexico-S-A-B-de-C-V-reporta-resultados-del-segundo-trimestre-y-seis-meses-terminados-el-30-de-junio-de-2024-47042672/
- Indicadores de Transporte Aereo_enero 2024.
https://www.gob.mx/afac/documentos/estadisticas-de-transporte-aereo?idiom=es
- Indicadores de Transporte Aereo_marzo 2024.
https://www.gob.mx/afac/documentos/estadisticas-de-transporte-aereo?idiom=es
- Información Financiera Trimestral - investor cloud (LATAM Airlines).
https://investor.latamairlines.com/Spanish/informacion-financiera/default.aspx
- International Trade Administration - Mexico - Aerospace.
https://www.trade.gov/market-intelligence/mexico-aerospace
- LATAM Airlines cerró 2024 con 82 millones de pasajeros transportados y el doble de utilidades que en 2023 | AméricaEconomía.
https://www.americaeconomia.com/negocios/latam-airlines-cerro-2024-con-82-millones-de-pasajeros-transportados-y-el-doble-de-utilidades
- Levanta VivaAerobus su utilidad neta en 26% en III-24 - El Financiero.
https://www.elfinanciero.com.mx/empresas/2024/10/23/levanta-vivaaerobus-su-utilidad-neta-en-26-en-iii-24/
- Lideran aerolíneas mexicanas crecimiento internacional en Norteamérica: OAG | Aviación 21.
https://a21.com.mx/aerolineas/2024/01/19/lideran-aerolineas-mexicanas-crecimiento-internacional-en-norteamerica-oag
- Magnetic Group - U.S. Aviation Supply Chain Challenges: Parts Shortages, Rising Costs & Labor Resource Crunches.
https://magneticgroup.co/news/u-s-aviation-supply-chain-challenges-parts-shortages-rising-costs-labor-resource-crunches/
- Mexico & Central America's Leading Airline Brand 2025 - World Travel Awards.
https://www.worldtravelawards.com/award-mexico-and-central-americas-leading-airline-brand-2025
- Mexico Aircraft Mro Market Size & Outlook, 2023-2030 - Mobility Foresights.
https://mobilityforesights.com/product/mexico-aircraft-mro-market/
- Mexican Air Traffic Controllers Protest Poor Working Conditions - Mexico Business News.
https://mexicobusiness.news/aerospace/mexican-air-traffic-controllers-protest-poor-working-conditions
- Mexicana transportó 256 mil de los 55 millones de pasajeros en vuelos nacionales en 2024; apenas 0.46% del mercado - Fábrica de Periodismo.
https://fabricadeperiodismo.org/mexicana-transporto-256-mil-de-los-55-millones-de-pasajeros-en-vuelos-nacionales-en-2024-apenas-0-46-del-mercado/
- Mexico City International Airport - Wikipedia.
https://en.wikipedia.org/wiki/Mexico_City_International_Airport
- Mexico Lacks 500 Air Controllers, Nearly Half Its Workforce - Bloomberg.com.
https://www.bloomberg.com/news/articles/2024-07-23/mexico-lacks-500-air-controllers-nearly-half-its-workforce
- Mexico's jet fuel demand set to shift | Latest Market News - Argus Media.
https://www.argusmedia.com/en/news-and-insights/latest-market-news/2023/5/25/mexicos-jet-fuel-demand-set-to-shift
- Mexico's Top Airport Operators Net MX$98 Billion Profit - Mexico Business News.
https://mexicobusiness.news/finance/mexicos-top-airport-operators-net-mx98-billion-profit
- MRO Market Update and Industry Trends - ICF.
https://www.icf.com/insights/transportation/mro-market-update-industry-trends
- North American Summer 2025 Schedules: Network and Capacity Changes | Aviation Market Analysis - OAG.
https://www.oag.com/north-america-aviation-market-analysis
- Pasaje aéreo batió récord en México durante 2024 - Bien Informado.
https://www.bieninformado.com.mx/2025/01/23/pasaje-aereo-batio-record-en-mexico-durante-2024/
- PrimeFlight Mexico.
https://primeflight.com.mx/
- Registra LATAM Airlines ganancias récord y mayor número de pasajeros en 2024 - La República (Perú).
https://gestion.pe/empresas/latam-airlines-registro-ganancias-record-y-mayor-numero-de-pasajeros-en-2024-noticia/
- Reporta Volaris año “notable” con utilidad neta de 126 millones de dólares - Aviación 21.
https://a21.com.mx/aerolineas/2025/02/21/reporta-volaris-ano-notable-con-utilidad-neta-de-126-millones-de-dolares
- Reportes trimestrales - Volaris RI.
https://ir.volaris.com/es/financial-information/quarterly-reports
- Resultados | 2T 2024 - Viva Aerobus.
https://www.vivaaerobus.com/pt-mx/about-us/investor-relations/financial-information/2q-2024/
- Sector de Aerolíneas en México - Grupo BMV.
https://www.bmv.com.mx/
(Used the general domain as the specific document link is vertexai) - Strategies for airlines to improve ancillary sales - Cognizant.
https://www.cognizant.com/us/en/insights/strategies-for-airlines-to-improve-ancillary-sales-codex
- The most in Mexico: American Airlines adds 30th destination as part of a record-breaking schedule.
https://news.aa.com/operations/press-releases/2024/06/the-most-in-mexico-american-airlines-adds-30th-destination-as-part-of-a-record-breaking-schedule/default.aspx
- Top 20 Busiest Air Routes Between Mexico and the United States - Aviacionline.
https://www.aviacionline.com/2024/07/top-20-busiest-air-routes-between-mexico-and-the-united-states/
- U.S. Aviation Supply Chain Challenges: Parts Shortages, Rising Costs & Labor Resource Crunches - Magnetic Group.
https://magneticgroup.co/news/u-s-aviation-supply-chain-challenges-parts-shortages-rising-costs-labor-resource-crunches/
- Volaris 'anda volando bajo': Pierde 51 millones de dólares en primer trimestre de 2025 - El Financiero.
https://www.elfinanciero.com.mx/empresas/2025/04/24/volaris-anda-volando-bajo-pierde-51-millones-de-dolares-en-primer-trimestre-de-2025/
- Volaris Reporta Resultados Financieros del Cuarto Trimestre 2024: Utilidad Neta de $46 millones de dólares - Mziq.
https://www.mziq.com/volaris-reports-fourth-quarter-2024-financial-results-net-income-of-46-million/
- Volaris Reporta Resultados Financieros del Primer Trimestre 2024: Utilidad Neta de $33 millones de dólares - Mziq.
https://www.mziq.com/volaris-reports-first-quarter-2024-financial-results-net-income-of-33-million/
- Viva Aerobus gana más pasajeros que Aeroméxico y Volaris en 2023 - Forbes México.
https://www.forbes.com.mx/negocios-viva-aerobus-gana-mas-pasajeros-que-aeromexico-y-volaris-en-2023
- Viva Aerobus informa reporte trimestral correspondiente al tercer trimestre del 2024 - ALNNEWS.
https://alnnews.com/viva-aerobus-informa-reporte-trimestral-correspondiente-al-tercer-trimestre-del-2024/
- World's Best Airlines For 2025 - Skytrax.
https://www.airlinequality.com/news/worlds-best-airlines-2025/