Aeroméxico Reports Unaudited Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $1.6 billion, up 13.6% year over year, sets quarterly record
- ➤Q3 operating income $189.6 million, down 25.0% year over year
- ➤FY26 revenue growth guided at approximately 13.5% to 14.5%
- ➤Q4 revenue growth guided at approximately 14.0% to 16.0% year over year
- ➤Fuel expense $469.0 million, up 57.6% year over year
Expert Statements
Andrés Conesa, Chief Executive Officer of Aeroméxico
“Aeroméxico delivered another strong quarter, with record revenue and a double-digit operating margin of 12%. Demand remained healthy, driven primarily by strong international markets, premium revenue growth, and continued momentum in our loyalty program. Despite jet fuel prices reaching historic highs during the quarter, targeted revenue initiatives, disciplined cost management, and moderated capacity deployment enabled us to offset the impact of higher fuel costs. Looking ahead, demand trends remain constructive, and we expect fourth quarter revenue to grow by approximately 15% year over year. As we resume growth with discipline, we expect to unlock further operating leverage and continue enhancing profitability.”
* Record Quarterly Total Revenue of $1.6 billion * Adjusted EBITDAR((1)) Margin of 24% * Operating Margin of 12% * Liquidity((2)) to LTM Revenue ratio at 21% MEXICO CITY, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico” or the “Company”) today reported unaudited consolidated financial results for the three months ended September 30, 2026 (“3Q26”). These results are based on information available to us as of the date of this earnings release and are not a comprehensive statement of our financial results for the period presented. The Company has used the U.S. dollar, its functional currency, as the presentation currency for its consolidated financial statements. All figures are expressed in millions of U.S. dollars unless otherwise indicated.
Andrés Conesa, Chief Executive Officer stated: “Aeroméxico delivered another strong quarter, with record revenue and a double-digit operating margin of 12%. Demand remained healthy, driven primarily by strong international markets, premium revenue growth, and continued momentum in our loyalty program. Despite jet fuel prices reaching historic highs during the quarter, targeted revenue initiatives, disciplined cost management, and moderated capacity deployment enabled us to offset the impact of higher fuel costs. Looking ahead, demand trends remain constructive, and we expect fourth quarter revenue to grow by approximately 15% year over year. As we resume growth with discipline, we expect to unlock further operating leverage and continue enhancing profitability.”
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