Grupo Aeromexico Reports 1.4% YoY Decrease in March 2026 Passenger Traffic
Grupo Aeromexico reports its March 2026 operational results: Grupo Aeromexico transported 1 million and 994 thousand passengers in March 2026, a 1.4% year-over-year decrease. International passengers decreased by 0.5%, while domestic passengers decreased by 1.9%. Aeromexico's total capacity, measured in available seat miles, increased by 1.0% year-over-year. International ASMs increased by 1.9%, while domestic capacity decreased by 1.1% year-over-year. Demand, measured in passenger miles , increased by 1.7% year-over-year. International demand increased by 3.1%, while domestic demand decreased by 1.4%, both figures compared to March 2025. Aeromexico's March 2026 load factor was 83.3%, a 0.6 p.p. increase as compared to March 2025. International load factor increased by 1.0 p.p., and domestic load factor decreased by 0.2 p.p.
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- Government Collaboration: Aeromexico acknowledges the efforts of Mexican authorities, particularly the Foreign Affairs and Infrastructure Departments, in advancing negotiations with the U.S. Department of Transportation to strengthen bilateral relations and promote national aviation industry development.
- Network Commitment: The company reiterates its commitment to work closely with the government to advance agreements that will enable it to continue offering the best network to customers, ensuring competitiveness in the global aviation market.
- Historical Legacy: As Mexico's global airline, Aeromexico has been connecting Mexico with major destinations worldwide for 91 years, facilitating connections among people, businesses, and regions.
- Fleet Modernization: The airline's operating fleet includes Boeing 787, 737, and the latest generation Embraer 190, reflecting the company's ongoing investment and innovation in aviation technology and services.
- Annual Report Filing: Aeroméxico filed its annual report on Form 20-F with the SEC on April 30, 2026, for the fiscal year ending December 31, 2025, demonstrating the company's commitment to transparency and compliance for its American Depositary Shares listing.
- Financial Information Access: The report includes audited financial statements for the fiscal year 2025, and shareholders can request printed copies free of charge, reflecting the company's dedication to shareholder rights and service commitment.
- Operational Overview: As Mexico's global airline, Aeroméxico operates primarily from Terminal 2 of Mexico City International Airport, with a modern fleet including Boeing 787 and 737 aircraft, ensuring competitiveness in the international aviation market.
- Alliance Collaboration: As a founding member of SkyTeam, Aeroméxico provides connectivity in over 145 countries, highlighting its significant role in the international airline alliance and strategic focus on enhancing customer loyalty.
- Significant Revenue Growth: Grupo Aeromexico reported total revenue of $1.34 billion in Q1, reflecting a 13.3% year-over-year increase, with international revenue rising by 13.6%, indicating strong performance in global markets that is expected to drive future revenue growth.
- Operational Efficiency Improvement: The company achieved a 15% year-over-year increase in unit revenue and an operating margin of 11%, demonstrating significant progress in cost control and revenue management, which will enhance overall profitability.
- Strong Liquidity Position: With liquidity exceeding $1.2 billion and net operating cash flow over $200 million generated, the company showcases robust financial health, providing a solid foundation for future investments and operations.
- Market Challenges and Responses: Despite facing challenges from rising fuel prices and demand fluctuations in the domestic market, the company aims for a revenue growth of 12.5% to 15.5% in Q2, reflecting its flexible market response strategy and confidence in future performance.
- Conference Call Details: Grupo Aeroméxico will hold a financial results conference call on April 22, 2026, at 10:30 a.m. Mexico City Time, to discuss its Q1 2026 financial performance, providing crucial insights into the company's operational and financial metrics for investors and analysts.
- Strategic Focus Review: The call will highlight key business drivers, recent developments, and strategic initiatives that shaped Aeroméxico's results in the first quarter, aiding investors in understanding the company's operational dynamics and future direction.
- Interactive Q&A Session: The conference will include a Q&A session for investors and analysts, aimed at enhancing transparency and addressing market concerns regarding the company's performance, thereby boosting investor confidence.
- Live Webcast and Replay: The event will be available via live webcast at https://ir.aeromexico.com/, with an online replay accessible shortly after the event, ensuring that investors who cannot attend live can still obtain relevant information.
- Significant Revenue Growth: In Q1 2026, Grupo Aeroméxico reported total revenue of $1.341 billion, reflecting a 13.3% year-over-year increase, showcasing the company's strong performance driven by demand recovery and premium revenue strategies, thereby reinforcing its leadership in the Mexican aviation market.
- Adjusted EBITDAR Performance: The adjusted EBITDAR reached $335.8 million with a margin of 25%, achieving a 5% year-over-year growth despite rising fuel costs, indicating the company's success in cost control and operational efficiency.
- Robust Liquidity: As of March 31, 2026, Grupo Aeroméxico's liquidity stood at $1.2 billion, representing 23% of total revenue, providing strong support for future investments and debt repayments, ensuring financial stability.
- Operational Efficiency Improvement: Despite a 1.2% year-over-year decline in available seat miles (ASMs), the company maintained a high on-time departure rate of 91.7% through route optimization and enhanced service quality, further boosting customer satisfaction and market competitiveness.









