Here’s the latest on Grupo Viva Aerobus, S.A. de C.V. based on recent reporting.
Merger with Volaris: In December 2025, Viva Aerobus agreed to merge with sister airline Volaris, forming a new Mexican airline group under a holding company. Regulators and shareholders in Mexico, Colombia, and the U.S. were expected to approve within roughly a year, with the new group continuing to trade publicly on the BMV and NYSE after closing in 2026. This would create a large ultra-low-cost carrier group maintaining separate operating brands but a unified holding structure.[1][4][6]
2025 performance and 2024 context: Viva Aerobus reported resilient profitability for 2025 despite a softer macro environment, continuing a track record of profitability through 2024 and 2025. The company cited margin protection, capacity alignment with demand, and steady passenger volumes (nearly 30 million in 2025) as core drivers, while facing headwinds from FX moves, aircraft groundings, and operational disruptions. These figures align with a broader narrative of a strong ULCC model in Mexico’s underpenetrated market.[3]
Financials and scale in 2025: For 2025, Viva Aerobus posted revenues around USD 2.376 billion, with EBITDAR near USD 873 million and a 36.8% margin, alongside net income of about USD 52 million, marking a fifth consecutive year of profitability. The results reflect 6.5% capacity growth and strong passenger traffic, even as macro pressures weighed on operations.[3]
Strategic positioning: The planned merger with Volaris envisions a holding company that would continue to operate Viva and Volaris as separate brands with a new board drawn from both parent companies. The combined entity would aim to accelerate low-cost travel growth and connectivity in Mexico and internationally, while keeping shares listed on both the BMV and NYSE.[4][6]
Background and context: Viva Aerobus has historically emphasized its ultra-low-cost model, disciplined capacity management, and resilience in a challenging operating environment. Leadership commentary through 2024–2025 highlighted ongoing focus on customer value, reliability, and margin protection as the business landscape evolved in Mexico and during external headwinds.[5]
If you’d like, I can pull the most current regulatory status and any fresh statements from Viva or Volaris, or summarize the key terms of the merger agreement and anticipated timeline in a concise briefing.
Citations:
Mexico's budget airlines Grupo Viva Aerobus SAB and Controladora Vuela Compania de Aviacion SAB, known as Volaris, expect to receive approval for their merger over the next 12 months from shareholders and regulators in Mexico, Colombia and the US, and form a new holding company.
www.bloomberg.comVolaris and Viva Announce the Formation of a New Mexican Airline Group to Accelerate the Growth of Air Travel and Connectivity in Mexico () aktiencheck.de
www.aktiencheck.deSource: Viva Grupo Viva Aerobus, S.A. de C.V. (“Viva”), the parent company of Aeroenlaces Nacionales S.A. de C.V., announced today its 4Q and FY 2025 financial results. Juan Carlos Zuazua, Chief Executive Officer, commented: During 2025, we demonstrated the adaptability of our ultra-low-cost model amid a challenging operating and macroeconomic backdrop, following an exceptional 2024
ala.aeroControladora Vuela Compañía de Aviación, S.A.B. de C.V. entered into an agreement to acquire Grupo Viva Aerobus, S.A. de C.V. in a merger of equals transaction on December 18, 2025. Viva...
www.marketscreener.comSource: Viva Aerobus Grupo Viva Aerobus, S.A. de C.V. ("Viva Aerobus" or “Viva”), the parent company of Aeroenlaces Nacionales S.A. de C.V., announced today its 1Q 2024 financial results. Juan Carlos Zuazua, Chief Executive Officer, commented:“I’m very proud of our team’s dedication to overcoming numerous challenges while putting our customers and
ala.aeroThe top three Mexican airlines returned to profitability in the third quarter of 2022.
simpleflying.comThe foregoing derived from: i) a positive acceptance of our insurance products, outstanding 'Protección Viva' and 'Reembolso Total', launched during the sanitary contingency, aware of the increasing needs of flights reschedules; ii) our unbundling strategy, that provides passengers with a tailored-made experience, enabling them to select only needed services; and, iii) Viva Cargo, which has provided a stable revenue stream
aviacionlinecdn.eleco.com.arThe description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but m...
www.bnamericas.comReport with financial data, key executives contacts, ownership details & and more for Grupo Viva Aerobus S.A. De C.V. in Mexico. Report is available for immediate purchase & download from EMIS.
www.emis.com