COMP <GO>

AERO vs ULCC // REVENUE GROWTH (YOY)

Grupo Aeromexico S.A.B. de C.V. (each representing ten (10) ) (NYSE) VS. Frontier Group Holdings Inc. (NASDAQ) • 15-METRIC TALLY: AERO 1 — ULCC 1

■ METRIC PARITY

AERO — Grupo Aeromexico S.A.B. de C.V. (each representing ten (10) ) ROARABLE D+ • RQD 58/100

LAST: $15.22 (+0.07%) • MKT CAP: $2.22B

DES <GO> FA <GO> 10-K RED <GO>

revenue-growth

—

ULCC — Frontier Group Holdings Inc. ROARABLE D- • RQD 36/100

LAST: $6.48 (+5.02%) • MKT CAP: $1.49B

DES <GO> FA <GO> 10-K RED <GO>

revenue-growth

-1.40%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AERO VS. ULCC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AERO	ULCC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	-35.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	-4.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-3.70%	—	TIE	/net-margins <GO>
Revenue Growth (YoY) ACTIVE	—	-1.40%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.40	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	1/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	46.1	62.9	-16.87	ULCC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.22B	$1.49B	$727.5M	AERO	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AERO REV	ULCC REV	AERO GROSS %	ULCC GROSS %	AERO FCF	ULCC FCF
FY 2025	—	$3.72B	—	—	—	-$525.0M
FY 2024	—	$3.77B	—	—	—	-$82.0M
FY 2023	—	$3.59B	—	—	—	-$261.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AERO // BETA —

ULCC // BETA —