Grupo Aeroméxico Reports 4.7% Capacity Growth in May

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: Jun 04 2026

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AERO-1.33%

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Source: seekingalpha

Capacity Growth: In May 2026, Grupo Aeroméxico reported a 4.7% year-over-year increase in available seat miles (ASMs), with international capacity rising by 7.0% while domestic capacity slightly decreased by 0.3%, indicating a recovery potential in international markets.
Passenger Volume Increase: The airline transported 2.102 million passengers in May, marking a 2.1% year-over-year increase, with international passengers up by 4.6% and domestic passengers by 0.9%, reflecting a rebound in overall demand.
Strong Demand: Demand, measured in revenue passenger miles (RPMs), increased by 5.2% year-over-year, with international demand rising by 6.8% and domestic demand by 1.6%, indicating a sustained momentum in air travel recovery.
Improved Load Factor: Grupo Aeroméxico's load factor for May 2026 was 85.8%, a 0.4 percentage point increase compared to May 2025, despite a 0.2 percentage point decrease in international load factor, while domestic load factor rose by 1.6 percentage points, showcasing enhanced competitiveness in the domestic market.

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Analyst Views on AERO

Wall Street analysts forecast AERO stock price to rise

7 Analyst Rating

7 Buy

0 Hold

0 Sell

Strong Buy

Current: 17.320

Low

25.00

Averages

29.79

High

36.00

Current: 17.320

Low

25.00

Averages

29.79

High

36.00

Jefferies

Hold

initiated

$20

2026-06-18

Reason

Jefferies

Price Target

$20

AI Analysis

2026-06-18

initiated

Hold

Reason

Jefferies initiated coverage of Grupo Aeromexico with a Hold rating and $20 price target. The U.S. and Iran conflict de-escalation has improved the near term sector outlook for Latin American airlines, says the analyst, who still sees a case for traffic decelerating due to sluggish economic growth in Latin America. In the mid-term, however, the firm sees the sector being supported by increasing air travel penetration and more rational competition, the analyst added.

JPMorgan

NULL

Overweight

maintain

$28

2026-06-12

Reason

JPMorgan

Price Target

$28

2026-06-12

maintain

NULL

Overweight

Reason

JPMorgan lowered the firm's price target on Grupo Aeromexico to $26.50 from $28 and keeps an Overweight rating on the shares. The firm updated the company's model to reflect the Q1 report. It continues to favor Aeromexico over Volaris.

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About AERO

Grupo Aeromexico SAB de CV is a Mexico-based holding company primarily engaged in the passenger and cargo air transportation industry. The Company focuses on providing scheduled air transport services to passengers and cargo clients. Their key product is air transportation service, passenger transportation and cargo transportation.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Aeroméxico Reports 9% Drop in June Passenger Traffic

5 days agoseekingalpha

Passenger Volume Decline: In June 2026, Aeroméxico transported 1.85 million passengers, reflecting a 9% year-over-year decrease primarily due to a 13% drop in domestic traffic and a 1.4% decline in international traffic, which negatively impacts revenue.
Capacity Changes: Total capacity, measured in ASMs, increased by 0.9% year-over-year to 3.03 billion, as a 4.9% growth in international capacity offset an 8.7% decline in domestic capacity, indicating relative resilience in the international market.
Weak Demand: Passenger demand fell by 2.8% year-over-year to 2.50 billion RPMs, with international demand rising slightly by 0.9% while domestic demand plummeted by 11.8%, highlighting greater challenges in the domestic market.
Load Factor Decline: The June load factor decreased by 3 percentage points year-over-year to 82.7%, reflecting pressure on the company to improve capacity utilization, with the CEO noting that domestic demand was affected by World Cup-related shifts while international demand remains strong.

Aeroméxico Reports June 2026 Operational Results

5 days agoNewsfilter

Passenger Transport Decline: In June 2026, Aeroméxico transported 1.851 million passengers, reflecting a 9.0% year-over-year decrease, with domestic passengers down 13.0%, indicating the impact of World Cup-related demand shifts on the domestic market.
Capacity Adjustments: While total capacity (measured in available seat miles) increased by 0.9% year-over-year, domestic capacity saw an 8.7% decline, contrasting with a 4.9% increase in international capacity, highlighting the company's strategy to adjust capacity in response to market demand fluctuations.
Weak Demand: Revenue Passenger Miles (RPMs) decreased by 2.8% year-over-year, with domestic demand plummeting by 11.8% while international demand grew slightly by 0.9%, suggesting greater challenges in the domestic market that necessitate enhanced market strategies for recovery.
Load Factor Decline: The load factor for June was 82.7%, down 3.0 percentage points from the previous year, with both domestic and international load factors declining, indicating pressure on the company to improve operational efficiency and profitability.

Aeroméxico to Hold Q2 2026 Earnings Call on July 14

Jun 23 2026Newsfilter

Earnings Call Schedule: Grupo Aeroméxico will hold its earnings call on July 14, 2026, at 9:00 a.m. Mexico City Time, to discuss its financial performance for Q2 2026, providing a comprehensive review of the company's operations and financial results.
Performance Highlights Review: Management will highlight key business drivers and recent developments that influenced Aeroméxico's performance during the quarter, aiming to provide investors and analysts with in-depth business insights.
Interactive Q&A Session: The event will include a Q&A session for investors and analysts, fostering interaction with stakeholders, enhancing transparency, and addressing market concerns.
Live Webcast and Replay: The conference will be available via live webcast at ir.aeromexico.com, with an online replay provided shortly after the event, ensuring that investors who cannot participate live can access the information.