Aeroméxico September 2026 Traffic Results

International traffic grew while domestic traffic declined, both in September and cumulatively through September.

Rhea-AI Summary

Aeroméxico (AERO) reported September 2026 traffic results, with passenger demand measured by distance flown increasing 3.6% compared with September 2025. Capacity, measured in available seat miles, rose 3.4%. The airline carried 1,853 thousand passengers, down 2.1%, while its load factor, a measure of seat utilization, increased 0.1 percentage points to 87.1%.

International demand rose 6.6% and international capacity grew 6.3%; domestic demand fell 3.7% and domestic capacity declined 3.4%. International passenger numbers increased 1.8%, while domestic passenger numbers decreased 3.9%.

Cumulatively through September, total demand increased 1.2% and capacity rose 0.7% compared with 2025. Passenger numbers fell 2.5% to 17,966 thousand, while load factor increased 0.5 percentage points to 85.9%. Aeroméxico said higher jet fuel prices were creating a more challenging cost environment than anticipated.

14 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 11 points

How the balance works

Positive

• Moderate pointSeptember total demand rose 3.6% year over year, measured in revenue passenger miles.
• Moderate pointCumulative total demand through September increased 1.2% compared with 2025.
• Minor pointSeptember total capacity increased 3.4% year over year, measured in available seat miles.
• Minor pointSeptember total load factor increased 0.1 percentage points to 87.1% year over year.
• Minor pointSeptember international demand increased 6.6% year over year.

9 minor points

• Minor pointSeptember international capacity increased 6.3% year over year.
• Minor pointSeptember international passengers increased 1.8% year over year.
• Minor pointSeptember international load factor increased 0.2 percentage points to 87.6% year over year.
• Minor pointCumulative total capacity through September increased 0.7% compared with 2025.
• Minor pointCumulative total load factor through September increased 0.5 percentage points to 85.9% compared with 2025.
• Minor pointCumulative international demand through September increased 3.3% compared with 2025.
• Minor pointCumulative international capacity through September increased 2.3% compared with 2025.
• Minor pointCumulative international passengers through September increased 0.3% compared with 2025.
• Minor pointCumulative international load factor through September increased 0.9 percentage points to 86.4% compared with 2025.

Negative

• Moderate pointSeptember total passengers declined 2.1% year over year.
• Moderate pointCumulative total passengers through September declined 2.5% compared with 2025.
• Moderate pointHigher jet fuel prices created a more challenging cost environment than anticipated, Aeroméxico said.
• Minor pointSeptember domestic passengers declined 3.9% year over year.
• Minor pointSeptember domestic demand declined 3.7% year over year.

6 minor points

• Minor pointSeptember domestic capacity declined 3.4% year over year.
• Minor pointSeptember domestic load factor decreased 0.3 percentage points to 85.9% year over year.
• Minor pointCumulative domestic passengers through September declined 3.9% compared with 2025.
• Minor pointCumulative domestic demand through September declined 3.7% compared with 2025.
• Minor pointCumulative domestic capacity through September declined 3.0% compared with 2025.
• Minor pointCumulative domestic load factor through September decreased 0.6 percentage points to 84.6% compared with 2025.

Key Figures

Total capacity (ASMs): +3.4% Demand (RPMs): +3.6% Load factor: 87.1% (+0.1 p.p.) +1 more

Total capacity (ASMs)

+3.4%

September 2026 year-over-year

Demand (RPMs)

+3.6%

September 2026 year-over-year

Load factor

87.1% (+0.1 p.p.)

September 2026 versus September 2025

Passengers

1.853 million

September 2026; down 2.1% year-over-year

Historical Context

1 past event · Latest: Sep 03

1 event

1. Sep 03

   Traffic results

   24h Move

   +4.5%

   August capacity and demand rose, load factor improved, while passenger volume declined.

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 (asms), revenue passenger miles (rpms), load factor

3 terms

available seat miles (asms) technical

"capacity, measured in available seat miles (ASMs)"

Available seat miles (ASMs) measure an airline’s passenger-carrying capacity by multiplying the number of seats available on each flight by the distance those seats are flown. Investors use ASMs to gauge how much travel capacity an airline is offering—similar to counting how many bus seats are available and how far each bus goes—to compare growth, efficiency and how well an airline fills that capacity when combined with passenger demand metrics.

revenue passenger miles (rpms) technical

"demand, measured in revenue passenger miles (RPMs)"

Revenue passenger miles (RPMs) measure the total distance traveled by paying airline passengers, calculated by multiplying each passenger by the miles they fly and adding them up. Think of it like tracking the total miles driven by all paying riders in a taxi fleet. Investors watch RPMs because they show actual travel demand and help estimate future ticket revenue, capacity use, and how well an airline fills its flights.

load factor technical

"Aeroméxico’s September load factor was 87.1%"

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, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico”) reports its September 2026 operational results.

Grupo Aeroméxico’s total capacity, measured in available seat miles (ASMs), increased 3.4% year-over-year, while demand, measured in revenue passenger miles (RPMs), increased 3.6%.

Aeroméxico’s September load factor was 87.1%, an increase of 0.1 p.p. compared with September 2025. During the month, Aeroméxico transported 1 million and 853 thousand passengers.

Andrés Conesa, Chief Executive Officer stated: “Our September traffic results reflect the strength of our network and the disciplined execution of our strategy to align capacity with demand. Our continued shift toward key international markets, together with disciplined capacity allocation, supported overall demand growth and the strong performance of our international operations while maintaining healthy load factors, despite the typical seasonal moderation in demand following the peak summer travel period. These results reinforce our confidence in the resilience of demand as we move into the final quarter of the year. While higher jet fuel prices continue to create a more challenging cost environment than anticipated, we remain focused on executing our commercial and operational initiatives to optimize our capacity deployment, capture demand opportunities, and support the long-term profitability of the business.”

		September						Cumulative to September
		2026		2025		Var.		2026		2025		Var.
Passengers	Domestic	1,226		1,276		-3.9%		11,662		12,134		-3.9%
(itinerary + charter, thousands)	International	627		617		1.8%		6,304		6,285		0.3%
	Total	1,853		1,892		-2.1%		17,966		18,419		-2.5%
ASMs	Domestic	802		830		-3.4%		7,797		8,041		-3.0%
(itinerary + charter, millions)	International	2,090		1,966		6.3%		19,451		19,013		2.3%
	Total	2,892		2,796		3.4%		27,248		27,054		0.7%
RPMs	Domestic	689		715		-3.7%		6,598		6,851		-3.7%
(itinerary + charter, millions)	International	1,830		1,716		6.6%		16,804		16,267		3.3%
	Total	2,518		2,431		3.6%		23,403		23,119		1.2%
Load Factor	Domestic	85.9%		86.1%		-0.3 p.p.		84.6%		85.2%		-0.6 p.p.
(itinerary, %)	International	87.6%		87.3%		0.2 p.p.		86.4%		85.6%		0.9 p.p.
	Total	87.1%		87.0%		0.1 p.p.		85.9%		85.5%		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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Aeroméxico's passenger traffic change in September 2026?

Aeroméxico carried 1,853 thousand passengers in September 2026, down 2.1% from September 2025. Demand measured in revenue passenger miles increased 3.6%, distinguishing growth in distance-based traffic from the decline in passenger numbers.

What was Aeroméxico's load factor in September 2026?

Aeroméxico's September 2026 load factor was 87.1%, an increase of 0.1 percentage points compared with September 2025. Domestic load factor was 85.9%, while international load factor was 87.6%.

Do Aeroméxico's September 2026 traffic measures include charter flights?

Aeroméxico's passenger counts, available seat miles and revenue passenger miles include scheduled and charter flights, while load factor covers scheduled flights only. Available seat miles measure seats offered multiplied by distance flown; revenue passenger miles measure paying passengers transported multiplied by distance flown.