Aeroméxico Rejoins NYSE in Post-Chapter 11 Milestone

Aeroméxico has returned to the New York Stock Exchange (NYSE) after four years of restructuring, framing the move as a cornerstone of its long-term capital strategy and international growth plans. The dual listing follows its recent debut on the Mexican Stock Exchange and marks the culmination of a process that began when the airline entered Chapter 11 during the pandemic.

CEO Andrés Conesa called the listing both an end and a beginning: “We are closing a chapter, but starting one that will be larger than the one we are ending.” CFO Ricardo Sánchez Baker added that the milestone reflects years of preparation. “It took us a long time to get ready for this transaction, but it opens the door to a new era,” he said in an interview with the NYSE.

Sánchez Baker noted that a return to New York had been built into Aeroméxico’s post-bankruptcy strategy from the outset. “We told investors early on: we will restructure after COVID, and then you will have the opportunity to obtain a return through the NYSE.”

The listing comes as the US Department of Transportation weighs ending the joint cooperation agreement between Delta and Aeroméxico due to concerns over competition on certain cross-border routes.

Conesa said the new listing strengthens the airline’s global positioning. “It allows us to fly farther and opens opportunities to raise capital,” he said, adding that the move will also support corporate governance. Aeroméxico plans to expand long-haul service and increase capacity in Europe, South America and Asia while continuing its fleet-modernization program.

Both executives highlighted service quality as a core pillar of the business model. “We focus on offering a differentiated experience,” Conesa said, linking premium service to passenger willingness to pay and, ultimately, profitability. Sánchez Baker added that investment decisions are centered on enhancing product and service.

They also underscored the workforce behind the transformation. “This is the result of the work of 17,000 people,” Conesa said. According to Sánchez Baker, the team met with more than 250 investors over three years. “We are here to tell the story of 17,000 people,” he said.

Sánchez Baker emphasized the significance of the event: “Only the best companies in the world list on the NYSE. This is the first dual listing of a Mexican company in more than 12 years, and we are proud of that.”