Key events, in time order
Q2 revenue up 12.6% to $1.48B, but severe fuel shock hits earnings
Q2 call confirms record revenue, but high jet fuel and World Cup travel patterns caused temporary domestic demand slowdown
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Mexico's flagship airline, flying passengers and cargo across the Americas, Europe, and Asia from its Mexico City hub. Think of it as the country's airborne highway system.
Passenger tickets and cargo freight pay the bills, with annual revenue around USD 5.36B. Margins are thin and volatile—gross margin hit 27.59% in 2025 but dropped to 12.24% in mid-2026, showing the business is cyclical and fuel-sensitive.
Aeroméxico holds prime slots at Mexico City's congested airport and a loyalty program that locks in frequent flyers, but low-cost carriers like Volaris and Viva Aerobus undercut it on price, and the 2026 margin collapse shows pricing power is fading.
