Aeroméxico October 2026 Traffic Results

International passenger growth contrasted with declines in domestic traffic, while elevated jet fuel prices continued to pressure costs.

Rhea-AI Summary

Aeroméxico (AERO) reported October 2026 passenger demand growth of 5.9% year over year, exceeding the increase in its available capacity.

Demand, measured in revenue passenger miles—paying passengers multiplied by distance flown—reached 2,666 million. Capacity, measured in available seat miles—seats offered multiplied by distance—rose 4.5% to 3,022 million. Load factor, a measure of seat utilization, increased 1.1 percentage points to 88.2%. Passenger traffic rose 0.8% to 2.011 million. International passenger numbers increased 3.7%, while domestic passenger numbers fell 0.6%.

Through October, passengers declined 2.1% to 19.977 million, although demand increased 1.7% and capacity grew 1.1%. Cumulative load factor reached 86.2%, up a reported 0.5 percentage points. The company said elevated jet fuel prices continued to pressure costs and that it remained focused on mitigation initiatives.

17 points · 0 major

PositiveiHow this balance works

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0 major · 8 points

How the balance works

Positive

• Moderate pointOctober demand rose 5.9% year over year to 2,666 million revenue passenger miles.
• Moderate pointOctober load factor increased 1.1 percentage points to 88.2% year over year.
• Moderate pointOctober passenger traffic increased 0.8% to 2.011 million year over year.
• Minor pointOctober capacity grew 4.5% to 3,022 million available seat miles year over year.
• Minor pointOctober international demand increased 8.3% to 1,918 million revenue passenger miles year over year.

12 minor points

• Minor pointOctober international capacity increased 7.3% to 2,159 million available seat miles year over year.
• Minor pointOctober international passengers increased 3.7% to 679,000 year over year.
• Minor pointOctober international load factor rose 0.7 percentage points to 88.8% year over year.
• Minor pointOctober domestic load factor increased 1.9 percentage points to 86.8% year over year.
• Minor pointOctober domestic demand increased 0.3% to 748 million revenue passenger miles year over year.
• Minor pointJanuary–October demand increased 1.7% to 26,068 million revenue passenger miles year over year.
• Minor pointJanuary–October load factor rose a reported 0.5 percentage points to 86.2% year over year.
• Minor pointJanuary–October capacity increased 1.1% to 30,269 million available seat miles year over year.
• Minor pointJanuary–October international demand increased 3.8% to 18,722 million revenue passenger miles year over year.
• Minor pointJanuary–October international capacity increased 2.8% to 21,610 million available seat miles year over year.
• Minor pointJanuary–October international load factor increased 0.9 percentage points to 86.7% year over year.
• Minor pointJanuary–October international passengers increased 0.6% to 6.983 million year over year.

Negative

• Moderate pointElevated jet fuel prices continued to pressure costs, the company said.
• Moderate pointJanuary–October passengers declined 2.1% to 19.977 million year over year.
• Minor pointJanuary–October domestic passengers declined 3.6% to 12.994 million year over year.
• Minor pointJanuary–October domestic demand fell 3.3% to 7,346 million revenue passenger miles year over year.
• Minor pointJanuary–October domestic capacity declined 2.9% to 8,660 million available seat miles year over year.

3 minor points

• Minor pointJanuary–October domestic load factor fell 0.3 percentage points to 84.9% year over year.
• Minor pointOctober domestic passengers declined 0.6% to 1.332 million year over year.
• Minor pointOctober domestic capacity declined 1.9% to 862 million available seat miles year over year.

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Market Reaction – AERO

$14.81 – $15.84 Day Range

$2.38B Mkt Cap at Last Price

On Nov 4, the day this news came out, the latest delayed price for AERO is 3.79% above the previous close. Our momentum scanner has recorded 3 alerts for this stock so far that day. The latest delayed price is $15.32. Relative volume is above average at 1.8x what this stock usually trades by this time of day.

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Key Figures

Total ASMs: +4.5% Total RPMs: +5.9% Total load factor: 88.2%; +1.1 p.p. +5 more

Total ASMs

+4.5%

October 2026 year over year

Total RPMs

+5.9%

October 2026 year over year

Total load factor

88.2%; +1.1 p.p.

October 2026 compared with October 2025

Passengers

2,011 thousand; +0.8%

October 2026 year over year

Cumulative total RPMs

+1.7%

Through October 2026 year over year

Cumulative total ASMs

+1.1%

Through October 2026 year over year

Cumulative passengers

-2.1%

Through October 2026 year over year

Cumulative load factor

86.2%; +0.5 p.p.

Through October 2026 compared with the same period in 2025

Historical Context

1 past event · Latest: Oct 06

1 event

1. Oct 06

   traffic results

   24h Move

   +7.8%

   September demand and capacity rose, while passenger count fell and load factor increased.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

available seat miles, revenue passenger miles, load factor

3 terms

available seat miles technical

"measured in available seat miles (ASMs)"

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.

revenue passenger miles technical

"measured in revenue passenger miles (RPMs)"

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.

load factor technical

"Aeroméxico’s October load factor was 88.2%"

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. How Rhea-AI works. Not financial advice.

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MEXICO CITY, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico”) reports its October 2026 operational results.

Grupo Aeroméxico’s total capacity, measured in available seat miles (ASMs), increased 4.5% year-over-year, while demand, measured in revenue passenger miles (RPMs), increased 5.9%.

Aeroméxico’s October load factor was 88.2%, an increase of 1.1 p.p. compared with October 2025. During the month, Aeroméxico transported 2 million and 11 thousand passengers.

Andrés Conesa, Chief Executive Officer stated: “Our October traffic results reflect the continued strength of our network. Demand increased nearly 6% year over year, outpacing capacity growth and contributing to a higher load factor. International markets remained a key driver of our performance, supported by solid demand trends and disciplined capacity allocation. These results underscore the effectiveness of our strategy to align capacity with demand and position us well ahead of the peak year-end travel season. While elevated jet fuel prices continue to pressure costs, we remain focused on initiatives to mitigate their impact and support long-term profitability.”

		October							Cumulative to October
		2026		2025		Var.			2026		2025		Var.
Passengers	Domestic	1,332		1,339		-0.6%			12,994		13,473		-3.6%
(itinerary + charter, thousands)	International	679		655		3.7%			6,983		6,940		0.6%
	Total	2,011		1,994		0.8%			19,977		20,413		-2.1%
ASMs	Domestic	862		879		-1.9%			8,660		8,920		-2.9%
(itinerary + charter, millions)	International	2,159		2,012		7.3%			21,610		21,025		2.8%
	Total	3,022		2,891		4.5%			30,269		29,945		1.1%
RPMs	Domestic	748		746		0.3%			7,346		7,597		-3.3%
(itinerary + charter, millions)	International	1,918		1,771		8.3%			18,722		18,039		3.8%
	Total	2,666		2,517		5.9%			26,068		25,636		1.7%
Load Factor	Domestic	86.8%		84.9%		1.9 p.p.			84.9%		85.2%		-0.3 p.p.
(itinerary, %)	International	88.8%		88.1%		0.7 p.p.			86.7%		85.8%		0.9 p.p.
	Total	88.2%		87.1%		1.1 p.p.			86.2%		85.6%		0.5 p.p.

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 information:
aminvestorrelations@aeromexico.com  

FAQ

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How did Aeroméxico's passenger demand compare with capacity in October 2026?

Aeroméxico's demand increased 5.9% year over year, outpacing capacity growth of 4.5%. Demand reached 2,666 million revenue passenger miles, while capacity reached 3,022 million available seat miles. Load factor increased 1.1 percentage points to 88.2%.

How many passengers did Aeroméxico carry in October 2026?

Aeroméxico carried 2.011 million passengers in October 2026, up 0.8% year over year. Domestic passengers declined 0.6% to 1.332 million, while international passengers increased 3.7% to 679,000.