Grupo Aeroméxico reported a 1.4% decrease in March 2026 passengers, despite a 1.0% capacity increase year-over-year.
Quiver AI Summary
Grupo Aeroméxico reported its operational results for March 2026, revealing it transported nearly 2 million passengers, marking a 1.4% decrease compared to March 2025. While international passenger numbers fell slightly by 0.5%, domestic numbers experienced a larger decline of 1.9%. Aeroméxico's available seat miles (ASMs) rose by 1.0% overall, with international capacity increasing by 1.9% and domestic capacity decreasing by 1.1%. Demand showed a growth of 1.7% year-over-year, driven by a 3.1% rise in international revenue passenger miles (RPMs), though domestic RPMs dropped by 1.4%. The overall load factor improved to 83.3%, an increase of 0.6 percentage points from the previous year. CEO Andrés Conesa highlighted the company's resilience amidst recent regional disruptions and emphasized ongoing efforts to optimize operations amid rising fuel price volatility.
Potential Positives
- Aeroméxico demonstrated business resilience with a year-over-year improvement in load factor to 83.3%, signaling effective capacity management and operational efficiency.
- International demand increased by 3.1% year-over-year, indicating a recovery in transborder markets and strong performance in Aeroméxico's international operations.
- Total capacity increased by 1.0% year-over-year, which suggests the airline is expanding its operations despite challenges in passenger numbers.
Potential Negatives
- Grupo Aeroméxico reported a 1.4% year-over-year decrease in total passenger numbers for March 2026, which may indicate declining demand for its services.
- Domestic passenger numbers fell by 1.9%, and domestic Revenue Passenger Miles (RPMs) decreased by 1.4%, suggesting challenges in the domestic market.
- Despite a slight increase in overall capacity, the decline in domestic capacity could indicate a strategic contraction that may affect market competitiveness.
FAQ
What were Aeroméxico's passenger numbers for March 2026?
Aeroméxico transported 1,994,000 passengers in March 2026, marking a 1.4% year-over-year decrease.
How did Aeroméxico's capacity change in March 2026?
The total capacity increased by 1% year-over-year, with international capacity rising by 1.9% and domestic declining by 1.1%.
What was the load factor for Aeroméxico in March 2026?
Aeroméxico's load factor was 83.3% in March 2026, an increase of 0.6 percentage points from the previous year.
What challenges did Aeroméxico face in March 2026?
Aeroméxico experienced localized disruptions affecting demand in some regions of Mexico and transborder markets from the U.S.
How does Aeroméxico plan to address fuel price volatility?
The airline is focused on optimizing network and revenue management strategies to protect profitability amid heightened fuel price volatility.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AERO Insider Trading Activity
$AERO insiders have traded $AERO stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $AERO stock by insiders over the last 6 months:
- HARO EDUARDO TRICIO has made 2 purchases buying 1,000,000 shares for an estimated $1,320,000 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AERO Hedge Fund Activity
We have seen 65 institutional investors add shares of $AERO stock to their portfolio, and 0 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- APOLLO MANAGEMENT HOLDINGS, L.P. added 27,505,017 shares (+inf%) to their portfolio in Q4 2025, for an estimated $604,010,173
- PAR CAPITAL MANAGEMENT INC added 13,850,410 shares (+inf%) to their portfolio in Q4 2025, for an estimated $304,155,003
- SILVER POINT CAPITAL L.P. added 13,172,754 shares (+inf%) to their portfolio in Q4 2025, for an estimated $289,273,677
- STRATEGIC VALUE PARTNERS, LLC added 9,486,266 shares (+inf%) to their portfolio in Q4 2025, for an estimated $208,318,401
- NUT TREE CAPITAL MANAGEMENT, LP added 5,949,542 shares (+inf%) to their portfolio in Q4 2025, for an estimated $130,651,942
- BAUPOST GROUP LLC/MA added 4,855,180 shares (+inf%) to their portfolio in Q4 2025, for an estimated $106,619,752
- OAKTREE CAPITAL MANAGEMENT LP added 3,776,986 shares (+inf%) to their portfolio in Q4 2025, for an estimated $82,942,612
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AERO Analyst Ratings
Wall Street analysts have issued reports on $AERO in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Overweight" rating on 12/17/2025
- Goldman Sachs issued a "Buy" rating on 12/17/2025
- Deutsche Bank issued a "Buy" rating on 12/17/2025
- Evercore ISI Group issued a "Outperform" rating on 12/17/2025
To track analyst ratings and price targets for $AERO, check out Quiver Quantitative's $AERO forecast page.
$AERO Price Targets
Multiple analysts have issued price targets for $AERO recently. We have seen 7 analysts offer price targets for $AERO in the last 6 months, with a median target of $28.0.
Here are some recent targets:
- Pablo Monsivais from Barclays set a target price of $25.0 on 03/24/2026
- Duane Pfennigwerth from Evercore ISI Group set a target price of $30.0 on 03/12/2026
- Guilherme Mendes from JP Morgan set a target price of $28.0 on 03/12/2026
- Jens Spiess from Morgan Stanley set a target price of $30.0 on 12/17/2025
- Bruno Amorim from Goldman Sachs set a target price of $35.0 on 12/17/2025
- Michael Linenberg from Deutsche Bank set a target price of $25.0 on 12/17/2025
- Filipe Nielsen from Citigroup set a target price of $27.0 on 12/17/2025
Full Release
MEXICO CITY, April 08, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO) (“Aeroméxico”) reports its March 2026 operational results:
- Grupo Aeroméxico transported 1 million and 994 thousand passengers in March 2026, a 1.4% year-over-year decrease. International passengers decreased by 0.5%, while domestic passengers decreased by 1.9%.
- Aeroméxico's total capacity, measured in available seat miles (ASMs), increased by 1.0% year-over-year. International ASMs increased by 1.9%, while domestic capacity decreased by 1.1% year-over-year.
- Demand, measured in passenger miles (RPMs), increased by 1.7% year-over-year. International demand increased by 3.1%, while domestic demand decreased by 1.4%, both figures compared to March 2025.
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Aeroméxico’s March 2026 load factor was 83.3%, a 0.6 p.p. increase as compared to March 2025. International load factor increased by 1.0 p.p., and domestic load factor decreased by 0.2 p.p.
Andrés Conesa, Chief Executive Officer stated : “March traffic results reflect Aeroméxico’s business resilience following localized disruptions in February, which affected demand in some particular regions in Mexico, as well as in transborder markets from the United States. The year-over-year improvement in load factor underscores our swift response and disciplined capacity management, demonstrating the flexibility and adaptability of our operating model. In the current challenging environment, marked by heightened fuel price volatility driven by geopolitical developments, we remain focused on optimizing our network and revenue management strategies to protect profitability while maintaining strong operational efficiency.”
| March | Cumulative to March | ||||||
| 2026 | 2025 |
Var vs
2025 |
2026 | 2025 |
Var vs
2025 |
||
| Passengers (itinerary + charter, thousands) | |||||||
| Domestic | 1,334 | 1,359 | -1.9% | 3,792 | 3,910 | -3.0% | |
| International | 660 | 664 | -0.5% | 1,999 | 1,967 | 1.6% | |
| Total | 1,994 | 2,023 | -1.4% | 5,791 | 5,877 | -1.5% | |
| ASMs (itinerary + charter, millions) | |||||||
| Domestic | 904 | 914 | -1.1% | 2,596 | 2,670 | -2.8% | |
| International | 2,095 | 2,056 | 1.9% | 6,000 | 6,027 | -0.4% | |
| Total | 2,999 | 2,970 | 1.0 % | 8,596 | 8,697 | -1.2% | |
| RPMs (itinerary + charter, millions) | |||||||
| Domestic | 752 | 762 | -1.4% | 2,143 | 2,210 | -3.0% | |
| International | 1,746 | 1,694 | 3.1% | 5,112 | 4,948 | 3.3% | |
| Total | 2,497 | 2,456 | 1.7 % | 7,255 | 7,158 | 1.4 % | |
| Load Factor (itinerary, %) | p.p. | p.p. | |||||
| Domestic | 83.2% | 83.3% | -0.2 | 82.6% | 82.8% | -0.2 | |
| International | 83.4% | 82.4% | 1.0 | 85.2% | 82.1% | 3.1 | |
| Total | 83.3 % | 82.7 % | 0.6 | 84.4 % | 82.3 % | 2.1 | |
Figures may not sum 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.
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“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: [email protected]