Author: MxTrib Staff

Mexico’s Ministry of Health reported Monday that measles has spread to all 31 states and Mexico City, with 7,131 confirmed cases and 24 deaths in the past 12 months, despite an aggressive vaccination campaign that delivered over 11.8 million doses.

Health authorities report 90 percent of cases occurred in unvaccinated people, with severe cases and deaths mainly among those with incomplete vaccinations, young children, and individuals with immune deficiencies or malnutrition.

Children ages 1 to 4 are most affected, with 1,089 cases, followed by 830 cases in those ages 5 to 9.

Chihuahua reports the most cases at 4,495, and 21 of 24 deaths. Jalisco has 1,020 cases and one death, followed by Chiapas (430 cases), Michoacán (261), and Guerrero (248).

The government announced it will strengthen vaccination efforts at high-traffic locations, including airports and bus terminals, to prevent new infections and enable early detection.

Regional outbreak traced to Texas

Mexico’s outbreak began in February 2025 after Chihuahua officials linked cases to a January outbreak in an undervaccinated Gaines County, West Texas community.

National Autonomous University of Mexico specialists warn that measles “is the most contagious disease there is, even surpassing COVID-19.” The Health Ministry notes that while only 5 percent of total cases remain active, authorities have also recorded 17,267 cases of febrile exanthematous diseases — illnesses causing fever and widespread skin rashes, including measles, rubella, roseola, scarlet fever and chickenpox — during the same period.

Americas lose measles-free status

In November, the Pan American Health Organization announced that the Americas had lost verification of their status as free of endemic measles transmission. Canada lost its measles-free status on Nov. 10, 2025, while Mexico and the United States received two-month extensions to contain their outbreaks.

Mexico faces a virtual review on April 13 to determine whether it will maintain its measles-free status. The country’s National Epidemiological Surveillance System continues to monitor the disease, enabling timely case detection, laboratory confirmation, and identification of circulating genotypes.

According to Scientific American, declining vaccination rates in the United States and Canada have helped entrench measles in those countries, with growing anti-vaccine messaging from the U.S. Health Secretary Robert F. Kennedy Jr. is contributing to outbreaks there.

Health Minister David Kershenobich and President Claudia Sheinbaum discussed the government’s outbreak strategy at her Tuesday morning press conference.

The Olinia, Mexico’s Electric Vehicle for the People, Coming in 2027

Mexico’s flagship airline Grupo Aeroméxico successfully completed its return to public markets on November 6, 2025, raising approximately $300 million through a dual-listing initial public offering on the New York Stock Exchange and the Bolsa Mexicana de Valores.

The airline’s American Depositary Shares (ADS) were priced at $19 each—the midpoint of the expected $18-$20 range—with 11.72 million ADSs offered in the U.S. market. Each ADS represents 10 common shares. The offering also included 27.5 million common shares on the BMV priced at 35.34 pesos ($1.90 per share).

Shares began trading under the ticker symbol AERO on both exchanges, opening at $19.16 on the NYSE and closing the first day at $20.35—a 7.1% gain from the IPO price. The strong debut performance valued the airline at approximately $2.8 billion.

The IPO was led by Barclays, Morgan Stanley, and J.P. Morgan, with additional support from Evercore ISI and Apollo Global Securities. The offering was reportedly oversubscribed, indicating strong investor demand.

Post-Bankruptcy Comeback

The public offering marks a significant milestone for Aeroméxico, which delisted from public markets three years ago following Chapter 11 bankruptcy restructuring during the COVID-19 pandemic. The airline, founded in 1934, continued operations throughout its bankruptcy proceedings and emerged in 2022 with backing from Apollo Global Management.

In addition to the public offering, U.S.-based Par Investment Partners purchased $25 million in shares through a concurrent private placement at a 5% discount to the IPO price.

Delta Air Lines, which holds a 20% stake in Aeroméxico and maintains a revenue-sharing agreement for U.S.-Mexico routes, did not participate in the offering and entered into a four-year lock-up agreement.

Strong Financial Performance

The airline’s return to public markets comes on the back of solid financial performance. For the 12 months ending June 30, 2025, Aeroméxico reported net income of $360.8 million on revenue of $5.4 billion. In the first nine months of 2024, the carrier generated revenue of $4.19 billion with net income of $542 million.

Aeroméxico currently holds a 36.3% market share of passengers flying within, to, and from Mexico, according to AFAC data. The airline operates a fleet of approximately 125 aircraft—primarily Boeing 737 MAX 8/9 and 787-9 Dreamliners—which is among the youngest and most fuel-efficient in Latin America.

As a founding member of the SkyTeam Alliance, Aeroméxico partners with 18 global airlines including Air France-KLM and Korean Air, serving over 50 international cities across 24 countries from its hubs in Mexico City, Felipe Ángeles International Airport, and Guadalajara.

Aeroméxico plans to use the IPO proceeds to fund fleet expansion, customer experience infrastructure improvements, and maintenance operations. The capital will support the airline’s continued growth strategy and network expansion plans.

Broader Market Implications

Industry analysts view the successful IPO as a positive signal for Mexico’s equity capital markets, which have seen more delistings than new offerings in recent years. The transaction was delayed in 2024 due to market uncertainty following Mexico’s elections and proposed constitutional reforms.

Bradesco analyst Rodolfo Ramos told Bloomberg that market conditions for IPOs are “starting to be much more favorable” compared to recent years. Legal experts predict a handful of additional Mexican IPOs could materialize over the next 18 months, particularly in retail, infrastructure, and real estate sectors as nearshoring opportunities continue to drive investment interest.

The Aeroméxico offering follows Fibra Next’s completion of Mexico’s largest IPO in seven years this past July, suggesting renewed momentum for Mexican companies accessing public capital markets.