Aeroméxico January 2026 Traffic Results

Rhea-AI Summary

Aeroméxico (NYSE: AERO) reported January 2026 traffic: 2,053 thousand passengers, down 1.8% year-over-year, with international passengers +2.7% and domestic passengers -4.2%. Total ASMs declined 2.3% and RPMs rose 1.1%. Load factor improved to 87.0%, +2.9 p.p.

Management expects capacity growth to resume in Q2 2026 and highlighted disciplined network realignment after 2025 demand shocks.

Positive

• Total load factor improved to 87.0%, +2.9 p.p.
• International passengers increased 2.7% year-over-year
• Total RPMs rose 1.1% year-over-year

Negative

• Total passengers decreased 1.8% year-over-year
• Domestic passengers declined 4.2% year-over-year
• Total ASMs decreased 2.3% year-over-year

Key Figures

Stock move: -5.16% Total passengers: 2,053 thousand Domestic passengers: 1,298 thousand +5 more

8 metrics

Stock move -5.16% Price change over prior 24 hours before/around news

Total passengers 2,053 thousand January 2026, -1.8% vs January 2025

Domestic passengers 1,298 thousand January 2026, -4.2% vs January 2025

International passengers 755 thousand January 2026, +2.7% vs January 2025

Total ASMs 3,003 million Capacity January 2026, -2.3% vs January 2025

Total RPMs 2,614 million Demand January 2026, +1.1% vs January 2025

Total load factor 87.0% January 2026, +2.9 p.p. vs January 2025

International load factor 88.8% January 2026, +4.7 p.p. vs January 2025

Market Reality Check

Price: $18.85 Vol: Volume 598,724 is 1.84x t...

high vol

$18.85 Last Close

Volume Volume 598,724 is 1.84x the 20-day average of 325,343 ahead of/around this release. high

Technical Price at $18.85, trading below the 200-day MA at $42.82, indicating a pre-existing downtrend.

Peers on Argus

No peer stocks in the provided momentum or headline data, so the -5.16% move in ...

No peer stocks in the provided momentum or headline data, so the -5.16% move in AERO and elevated volume appear stock-specific within this dataset.

Market Pulse Summary

This announcement details January 2026 traffic trends, showing total passengers at 2,053 thousand (-...

Analysis

This announcement details January 2026 traffic trends, showing total passengers at 2,053 thousand (-1.8% year-over-year) but improved efficiency, with load factor rising to 87.0% (+2.9 p.p.). International demand (RPMs) grew 3.8% while domestic demand fell 5.0%, indicating a shift in route strength. With limited historical news context provided, key metrics to watch include ongoing load factor trends, domestic recovery, and how capacity (ASMs) evolves against demand.

Key Terms

revenue passenger miles, available seat miles, load factor, forward-looking statements

4 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.

forward-looking statements regulatory

"This press release contains certain forward-looking statements that reflect the current views..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

MEXICO CITY, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its January 2026 operational results:

• Grupo Aeroméxico transported 2 million and 53 thousand passengers in January 2026, a 1.8% year-over-year decrease. International passengers increased by 2.7%, while domestic passengers decreased by 4.2%.
• Aeroméxico's total capacity, measured in available seat miles (ASMs), decreased by 2.3% year-over-year. International ASMs decreased by 1.7%, while domestic capacity decreased by 3.6% year-over-year.

• Demand, measured in passenger miles (RPMs), increased by 1.1% year-over-year. International demand increased by 3.8%, while domestic demand decreased by 5.0%, both figures compared to January 2025.
  
  
• Aeroméxico’s January 2026 load factor was 87.0%, a 2.9 p.p. increase as compared to January 2025. International load factor increased by 4.7 p.p., and domestic load factor decreased by 1.2 p.p.
  
  

Andrés Conesa, Chief Executive Officer stated: “January traffic results confirm the recovery momentum built in recent months. After external shocks impacted demand early in 2025, we responded decisively by realigning capacity from the second quarter onward. With strong load factors in January, we demonstrated disciplined and agile network management. Capacity is expected to resume its growth trajectory in the second quarter of 2026, reinforcing our confidence as we enter the year with a balanced strategy focused on sustainable growth and disciplined execution.”

	January
	2026		2025		Var vs 2025
Passengers (itinerary + charter, thousands)
Domestic	1,298		1,355		-4.2	%
International	755		735		2.7	%
Total	2,053		2,090		-1.8	%
ASMs (itinerary + charter, millions)
Domestic	892		925		-3.6	%
International	2,111		2,148		-1.7	%
Total	3,003		3,073		-2.3	%
RPMs (itinerary + charter, millions)
Domestic	740		779		-5.0	%
International	1,874		1,805		3.8	%
Total	2,614		2,584		1.1	%
Load Factor (itinerary, %)					p.p.
Domestic	83.0%		84.2%		-1.2
International	88.8%		84.0%		4.7
Total	87.0%		84.1%		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 January 2026?

Aeroméxico carried 2,053 thousand passengers in January 2026, a 1.8% decline versus January 2025. According to the company, international traffic rose while domestic passenger volumes fell, reflecting differing demand trends across its network.

What was Aeroméxico (AERO) January 2026 load factor and what does it mean for utilization?

Load factor was 87.0% in January 2026, up 2.9 percentage points year-over-year, indicating higher seat utilization. According to the company, stronger international demand drove the improvement despite lower domestic capacity and passengers.

How did Aeroméxico (AERO) capacity (ASMs) change in January 2026 versus 2025?

Total available seat miles (ASMs) fell 2.3% year-over-year in January 2026, with domestic ASMs down 3.6% and international down 1.7%. According to the company, capacity was realigned after 2025 shocks and is expected to grow again in Q2 2026.

Did Aeroméxico (AERO) see a change in passenger miles (RPMs) in January 2026?

Yes, total RPMs increased 1.1% year-over-year in January 2026, driven by a 3.8% rise in international RPMs. According to the company, demand improved internationally while domestic RPMs declined by 5.0%.

When does Aeroméxico (AERO) expect capacity to resume growth after January 2026 results?

Aeroméxico expects capacity growth to resume in the second quarter of 2026, signaling a return to network expansion. According to the company, this follows disciplined realignment of capacity implemented after early-2025 demand disruptions.