From The Motley Fool · Motley Fool Transcribing · · 2m
Aeromexico Q3 2026 Earnings Report Highlights
Aeromexico reports record Q3 revenue of $1.6 billion with strong international growth and loyalty program expansion.
In brief
Aeromexico reports record Q3 revenue of $1.6 billion with strong international growth and loyalty program expansion. Aeromexico achieved $1.6 billion Q3 revenue, 13.6% growth, and 11.7% operating margin despite high fuel costs. Originally reported by The Motley Fool.
Q3 Revenue
Aeromexico reported record revenue of $1.6 billion, a 13.6% year-over-year increase.
Operating Margin
Achieved 11.7% operating margin despite volatile fuel prices and higher costs.
Fuel Expense
Fuel expense increased 57.6% year over year to $469.0 million as benchmark prices peaked above $4.70 per gallon.
Fuel Price
Fuel price reached $3.99 per gallon, up from $2.48 in the same period last year.
CASM ex-fuel
CASM ex-fuel increased 7.1% year over year to 10.1 cents due to inflationary pressures.
Premium Revenue
Premium revenue accounted for 42% of total passenger revenue, up 1 percentage point year over year.
Loyalty Penetration
Loyalty program penetration increased to 40%, up 8 percentage points year over year.
Direct Online Channel
Direct online channel share reached 48%, up 2 percentage points year over year.
Loyalty Breakage
Loyalty breakage recognition of $48.7 million followed first breakage rate update since 2018.
Capacity Growth
Capacity increased 1.3% year over year to 9.4 billion ASMs as management allocated resources to international routes.
International Revenue
International revenue grew 17.4% year over year led by long-haul markets and the United States region.
Domestic Revenue
Domestic revenue rose 6.7% year over year as demand recovered following the World Cup in July.
Liquidity
Liquidity position remained stable at $1.2 billion including $965.1 million in cash.
Debt Repayment
Debt repayment of $7.2 million was completed during the quarter to prioritize balance sheet deleveraging.
Q4 Revenue Guidance
Q4 revenue growth expected between 14.0% and 16.0% supported by international travel demand.
Q4 Operating Margin
Q4 operating margin guidance of 7.5% to 9.5% assumes average fuel price of $4.50 per gallon.
At a glance
Aeromexico achieved $1.6 billion Q3 revenue, 13.6% growth, and 11.7% operating margin despite high fuel costs.
