Aeromexico March 2025 Traffic Results

Rhea-AI Summary

Aeromexico (AERO) has reported its March 2025 operational results, showing mixed performance metrics. The airline transported 2.023 million passengers, marking a 3.6% year-over-year decline. Both international and domestic passenger numbers decreased by 3.5% and 3.6% respectively.

Total capacity (ASKs) saw a slight increase of 0.9% year-over-year, with international capacity up 1.5% while domestic capacity declined 0.4%. However, demand (RPKs) decreased by 3.3%, with international demand down 2.5% and domestic demand falling 5.2%.

The airline's load factor for March 2025 stood at 82.7%, representing a 3.6 percentage point decrease compared to March 2024. International load factor dropped by 3.4 percentage points, while domestic load factor saw a more significant decline of 4.2 percentage points.

Positive

• Total capacity (ASKs) increased by 0.9% year-over-year
• International capacity grew by 1.5%

Negative

• Overall passenger traffic decreased by 3.6% year-over-year
• Total demand (RPKs) declined by 3.3%
• Load factor decreased by 3.6 percentage points to 82.7%
• Domestic demand fell by 5.2%

Insights

Airline Industry Analyst

Aeromexico's March 2025 traffic results reveal concerning operational trends that likely signal revenue pressure for the carrier. The 3.6% year-over-year decrease in passengers coupled with a 3.3% decline in revenue passenger kilometers (RPKs) indicates meaningful demand weakness across the airline's network.

Most troubling is the divergence between capacity and demand. While Aeromexico increased available seat kilometers (ASKs) by 0.9%, actual passenger demand fell, resulting in a 3.6 percentage point drop in load factor to 82.7%. This misalignment typically forces carriers to discount fares to fill seats, creating downward pressure on unit revenue and yields.

The domestic market shows particular weakness with a 5.2% RPK decline despite only a minor capacity reduction of 0.4%, suggesting significant challenges in Aeromexico's core Mexican operations. Similarly, international demand decreased 2.5% despite capacity growth of 1.5%.

Year-to-date figures confirm this isn't an isolated monthly fluctuation but a consistent trend across Q1, with cumulative passenger numbers down 1.7% despite capacity growth of 2.3%. While an 82.7% load factor remains operationally viable, the negative directional momentum across all key traffic metrics suggests deteriorating market conditions that will likely translate to revenue underperformance when financial results are reported.

MEXICO CITY, April 08, 2025 (GLOBE NEWSWIRE) -- Grupo Aeromexico S.A.B. de C.V. (“Aeromexico”) reports its March 2025 operational results:

• Grupo Aeromexico transported 2 million and 23 thousand passengers in March 2025, a 3.6% year-over-year decrease. International passengers decreased by 3.5%, while domestic passengers decreased by 3.6%.
• Aeromexico's total capacity, measured in available seat kilometers (ASKs), increased by 0.9% year-over-year. International ASKs increased by 1.5%, while domestic capacity decreased by 0.4% year-over-year.

• Demand, measured in passenger-kilometers (RPKs), decreased by 3.3% year-over-year. International demand decreased by 2.5%, while domestic demand decreased by 5.2%, both figures compared to March 2024.
  
  
• Aeromexico’s March 2025 load factor was 82.7%, a 3.6 p.p. decrease as compared to March 2024. International load factor decreased by 3.4 p.p. and domestic load factor decreased by 4.2 p.p.
  

		March							Cumulative to March
		2025		2024		Var vs 2023			2025		2024		Var vs 2023
	Pasajeros (itinerario + charter, miles)
	Nacional	1,359		1,411		-3.6	%		3,910		4,007		-2.4	%
	Internacional	664		687		-3.5	%		1,967		1,972		-0.2	%
	Total	2,023		2,098		-3.6	%		5,877		5,979		-1.7	%
	ASKs (itinerario + charter, millones)
	Nacional	1,471		1,478		-0.4	%		4,297		4,234		1.5	%
	Internacional	3,309		3,260		1.5	%		9,699		9,441		2.7	%
	Total	4,780		4,738		0.9	%		13,996		13,675		2.3	%
	RPKs (itinerario + charter, millones)
	Nacional	1,226		1,294		-5.2	%		3,556		3,679		-3.3	%
	Internacional	2,726		2,795		-2.5	%		7,963		7,997		-0.4	%
	Total	3,952		4,089		-3.3	%		11,519		11,676		-1.3	%
	Factor de Ocupaci�n (itinerario, %)					p.p.							p.p.
	Nacional	83.3	%	87.5	%	-4.2			82.8	%	86.9	%	-4.1
	Internacional	82.4	%	85.7	%	-3.4			82.1	%	84.7	%	-2.6
	Total	82.7	%	86.3	%	-3.6			82.3	%	85.4	%	-3.1

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:

• “RPKs” Revenue Passenger Kilometers represent one revenue-passenger transported one kilometer. This includes itinerary and charter flights. The total RPKs equals the number of revenue-passengers transported multiplied by the total distance flown.

• “ASKs” Available Seat Kilometers 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 kilometer, 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 Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeroméxico, Mexico's global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group's current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeroméxico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeroméxico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.
www.aeromexico.com
www.skyteam.co

Contact:
Phone: +52 55 1010 3532
E-mail: amunozcano@aeromexico.com

FAQ

What was Aeromexico's (AERO) passenger traffic performance in March 2025?

Aeromexico transported 2.023 million passengers in March 2025, showing a 3.6% decrease compared to March 2024.

How did Aeromexico's (AERO) load factor change in March 2025?

The load factor decreased to 82.7%, down 3.6 percentage points compared to March 2024.

What was the change in Aeromexico's (AERO) international capacity for March 2025?

International capacity (ASKs) increased by 1.5% year-over-year in March 2025.

How did Aeromexico's (AERO) domestic demand perform in March 2025?

Domestic demand (RPKs) decreased by 5.2% compared to March 2024.