# Aeromexico Q3 2026 Earnings Report Highlights

> Aeromexico reports record Q3 revenue of $1.6 billion with strong international growth and loyalty program expansion.
- Title: Aeromexico Q3 2026 Earnings Report Highlights | Shortify
- Summary: Aeromexico reports record Q3 revenue of $1.6 billion with strong international growth and loyalty program expansion. Aeromexico achieved $1.6 billion Q3…
- Keywords: aeromexico, q3 2026, revenue, operating margin, fuel costs, loyalty program, international markets, direct online channel, finance, money, 2026, Earnings
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/20/aeromexico-aero-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-20T16:22:53+00:00
- Read time: 1 min
- Topics: aeromexico, q3 2026, revenue, operating margin, fuel costs, loyalty program, international markets, direct online channel, finance, money
## 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.
## Key takeaway

Aeromexico achieved $1.6 billion Q3 revenue, 13.6% growth, and 11.7% operating margin despite high fuel costs.