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

Key Figures

February passengers: 1,744 thousand Passenger change: -1.2% year-over-year International passengers: 584 thousand (+2.7%) +5 more

8 metrics

February passengers 1,744 thousand Total passengers transported in February 2026

Passenger change -1.2% year-over-year Total February 2026 passengers vs February 2025

International passengers 584 thousand (+2.7%) February 2026 international passengers and YoY change

Domestic passengers 1,159 thousand (-3.0%) February 2026 domestic passengers and YoY change

Total ASMs 2,595 million (-2.2%) February 2026 capacity in available seat miles vs 2025

Total RPMs 2,144 million (+1.2%) February 2026 demand in revenue passenger miles vs 2025

Load factor 82.7% (+2.8 p.p.) February 2026 total load factor and YoY change

International load factor 83.2% (+3.7 p.p.) February 2026 international load factor and YoY change

Market Reality Check

Price: $16.60 Vol: Volume 523,156 is 22% abo...

normal vol

$16.60 Last Close

Volume Volume 523,156 is 22% above the 20-day average of 428,635, indicating elevated interest ahead of the traffic update. normal

Technical Shares at $17.86 are trading below the 200-day MA of $27.89, despite a 4.94% pre-news gain.

Peers on Argus

No peer stocks were flagged in the momentum scanner and no same-day peer headlin...

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

4 past events · Latest: Feb 23 (Neutral)

Pattern 4 events

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.

Pattern Detected

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.

Recent Company History

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

This announcement highlights Aeroméxico’s February 2026 traffic profile, with passengers down 1.2% y...

Analysis

This announcement highlights Aeroméxico’s February 2026 traffic profile, with passengers down 1.2% year over year but demand in RPMs up 1.2% and load factor improving to 82.7%. The mix shows international growth offsetting domestic softness, similar to January patterns. Combined with recent strong 2025 profitability, the data underscore a strategy focused on capacity discipline and utilization. Investors may track future traffic releases for trends in domestic recovery and sustained international strength.

Key Terms

revenue passenger miles, available seat miles, load factor

3 terms

revenue passenger miles technical

"“RPMs” Revenue Passenger Miles represent one revenue-passenger transported one mile."

Revenue passenger miles measure the total distance traveled by paying passengers on a transportation service, calculated by multiplying the number of paying passengers by the miles they travel. It shows how much revenue-generating activity a transportation company is doing, helping investors assess how well the company is attracting and serving passengers. Higher revenue passenger miles typically indicate stronger demand and better financial performance.

available seat miles technical

"“ASMs” Available Seat Miles represent the number of available seats multiplied by the distance flown."

Available seat miles measure the total capacity of an airline to carry passengers, calculated by multiplying the number of seats available on all flights by the distance those flights cover. It indicates how much space an airline has to generate revenue from passenger travel. For investors, higher available seat miles generally suggest a larger operation and potential for increased earnings.

load factor technical

"“Load Factor” equals the number of passengers transported as a percentage of the number of seats offered."

Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

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 by 2.7%, while domestic passengers decreased by 3.0%.
• Aeroméxico's total capacity, measured in available seat miles (ASMs), decreased by 2.2% year-over-year. International ASMs decreased by 1.6%, while domestic capacity decreased by 3.6% year-over-year.

• Demand, measured in passenger miles (RPMs), increased by 1.2% year-over-year. International demand increased by 3.0%, while domestic demand decreased by 2.6%, 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

FAQ

How many passengers did Aeroméxico (AERO) carry in February 2026?

Aeroméxico carried 1.744 million passengers in February 2026, a 1.2% decrease year-over-year. According to the company, international traffic grew while domestic traffic declined, producing mixed passenger trends across its network.

What was Aeroméxico (AERO) February 2026 load factor and how did it change?

Aeroméxico's February 2026 load factor was 82.7%, up 2.8 percentage points versus Feb 2025. According to the company, stronger international demand helped lift overall capacity utilization across its itinerary flights.

Did Aeroméxico (AERO) increase capacity in February 2026?

No, Aeroméxico's total capacity (ASMs) fell 2.2% year-over-year in February 2026. According to the company, both domestic and international ASMs declined, with domestic capacity down 3.6%.

How did international versus domestic traffic perform for Aeroméxico (AERO) in February 2026?

International passengers and RPMs increased while domestic metrics declined in February 2026. According to the company, international passengers rose 2.7% and international RPMs rose 3.0%, while domestic passengers fell 3.0%.

Did Aeroméxico (AERO) report any operational disruptions in February 2026?

The company noted isolated, geographically concentrated events in the Jalisco region late in February 2026 with limited impact. According to the company, these disruptions affected a small portion of overall operations and were not material to total results.