Aeroméxico February 2026 Traffic Results
Rhea-AI Summary
Aeroméxico (NYSE: AERO) reported February 2026 traffic: 1.744 million passengers, a 1.2% year-over-year decline. International passengers rose 2.7% while domestic fell 3.0%. Total ASMs decreased 2.2% and RPMs increased 1.2%. Load factor improved to 82.7%, up 2.8 percentage points.
The company highlighted stronger international demand and noted localized, limited disruptions in Jalisco late in February.
Positive
- International passengers +2.7% year-over-year
- International RPMs +3.0% year-over-year
- Load factor 82.7%, +2.8 percentage points vs Feb 2025
Negative
- Total passengers down 1.2% year-over-year
- Domestic passengers down 3.0% year-over-year
- Total ASMs (capacity) decreased by 2.2% year-over-year
News Market Reaction – AERO
On the day this news was published, AERO declined 5.30%, reflecting a notable negative market reaction. Argus tracked a trough of -4.0% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $140M from the company's valuation, bringing the market cap to $2.50B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks were flagged in the momentum scanner and no same-day peer headlines were recorded, suggesting the 4.94% move was stock-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 23 | Operational update | Neutral | -10.5% | Update on airport disruptions in Mexico, described as not materially impactful. |
| Feb 16 | Earnings results | Positive | +9.0% | Unaudited 4Q25 and FY25 results with strong EBITDAR and FY26 guidance. |
| Feb 06 | Earnings webcast | Neutral | -0.1% | Reminder about webcast for 4Q25 and FY25 financial results and Q&A session. |
| Feb 05 | Traffic update | Positive | +0.9% | January 2026 traffic with slightly lower volumes but improved 87.0% load factor. |
Recent news with clearly positive fundamentals, particularly earnings and traffic efficiency, has generally seen aligned or mildly positive price reactions, while operational disruption headlines drew a sharper selloff.
Over recent months, Aeroméxico has reported mixed but resilient operating trends. January 2026 traffic showed slightly lower passengers but higher load factors, while February 2026 data again combined modest passenger declines with stronger 82.7% load factors. Unaudited 4Q25 and full-year 2025 results highlighted robust Adjusted EBITDAR and issued FY26 guidance, which coincided with a positive share reaction. In contrast, a February 23 operational disruption update around several Mexican airports was followed by a double-digit decline, despite management indicating limited material impact.
Market Pulse Summary
The stock moved -5.3% in the session following this news. A negative reaction despite improving efficiency could fit prior instances where operational headlines caused outsized selling. February data showed only a 1.2% passenger decline but higher 82.7% load factor and 1.2% RPM growth, echoing January’s focus on yield and utilization. Past news about airport disruptions triggered a sharp decline, so any renewed concern about operational risk or demand softness could have amplified downside moves beyond the fundamentals.
Key Terms
revenue passenger miles technical
available seat miles technical
load factor technical
AI-generated analysis. Not financial advice.
MEXICO CITY, March 05, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its February 2026 operational results:
- Grupo Aeroméxico transported 1 million and 744 thousand passengers in February 2026, a
1.2% year-over-year decrease. International passengers increased by2.7% , while domestic passengers decreased by3.0% . - Aeroméxico's total capacity, measured in available seat miles (ASMs), decreased by
2.2% year-over-year. International ASMs decreased by1.6% , while domestic capacity decreased by3.6% year-over-year.
- Demand, measured in passenger miles (RPMs), increased by
1.2% year-over-year. International demand increased by3.0% , while domestic demand decreased by2.6% , both figures compared to February 2025. - Aeroméxico’s February 2026 load factor was
82.7% , a 2.8 p.p. increase as compared to February 2025. International load factor increased by 3.7 p.p., and domestic load factor increased by 0.9 p.p.
Andrés Conesa, Chief Executive Officer stated: “The continued recovery, particularly across international markets, is clearly reflected in our February traffic performance. Strong load factors validate the resilience and structural flexibility embedded in our operating model, enabling us to respond swiftly and effectively to demand volatility. While isolated events occurred toward the end of the month, their impact was limited and geographically concentrated in the Jalisco region, which represents a small portion of our overall operation.”
| February | Cumulative to February | ||||||||||||
| 2026 | 2025 | Var vs 2025 | 2026 | 2025 | Var vs 2025 | ||||||||
| Passengers (itinerary + charter, thousands) | |||||||||||||
| Domestic | 1,159 | 1,195 | -3.00 | % | 2,458 | 2,551 | -3.60 | % | |||||
| International | 584 | 569 | 2.70 | % | 1,339 | 1,304 | 2.70 | % | |||||
| Total | 1,744 | 1,764 | -1.20 | % | 3,797 | 3,855 | -1.50 | % | |||||
| ASMs (itinerary + charter, millions) | |||||||||||||
| Domestic | 800 | 830 | -3.60 | % | 1,692 | 1,755 | -3.60 | % | |||||
| International | 1,795 | 1,823 | -1.60 | % | 3,906 | 3,971 | -1.60 | % | |||||
| Total | 2,595 | 2,653 | -2.20 | % | 5,598 | 5,726 | -2.20 | % | |||||
| RPMs (itinerary + charter, millions) | |||||||||||||
| Domestic | 652 | 669 | -2.60 | % | 1,392 | 1,448 | -3.90 | % | |||||
| International | 1,492 | 1,449 | 3.00 | % | 3,366 | 3,255 | 3.40 | % | |||||
| Total | 2,144 | 2,118 | 1.20 | % | 4,758 | 4,703 | 1.20 | % | |||||
| Load Factor (itinerary, %) | p.p. | p.p. | |||||||||||
| Domestic | 81.50 | % | 80.60 | % | 0.9 | 82.30 | % | 82.50 | % | -0.2 | |||
| International | 83.20 | % | 79.50 | % | 3.7 | 86.20 | % | 81.90 | % | 4.3 | |||
| Total | 82.70 | % | 79.80 | % | 2.8 | 85.00 | % | 82.10 | % | 2.9 | |||
| Figures may not sum to total due to rounding | |||||||||||||
The information included within this report has not been audited and does not provide information on the Company’s future performance. Aeromexico’s future performance depends on many factors and it cannot be inferred that any period’s performance or its year-over-year comparison will be an indicator of similar future performance.
Glossary:
- “RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile. This includes itinerary and charter flights. The total RPMs equals the number of revenue-passengers transported multiplied by the total distance flown.
- “ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline’s capacity. It equals one seat offered for one mile, whether the seat is used.
- “Load Factor” equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline’s capacity utilization. This metric considers the total passengers transported and total seats available in itinerary flights only.
- “Passengers” refers to the total number of passengers transported by the airline.
This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Grupo Aeroméxico
Grupo Aeroméxico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, operates primarily out of Terminal 2 of the Mexico City International Airport. Its destination network extends across Mexico, the United States, Canada, Central America, South America, Asia, and Europe. Aeroméxico’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190. Aeroméxico is a founding member of SkyTeam, an alliance celebrating 25 years and offering connectivity across more than 145 countries through its 18 partner airlines.
www.aeromexico.com
www.skyteam.com
Contact:
aminvestorrelations@aeromexico.com
