Aeroméxico reports Q3 2026 results with record revenue and 24% adjusted EBITDAR margin

Grupo Aeroméxico posted third‑quarter 2026 revenue of $1.6 billion, up 13.6% year‑over‑year, while profit fell 58% to $40.6 million. Adjusted EBITDAR margin was 24% and operating income was $190 million, representing a 12% operating margin. The airline cited strong demand, a 1.3% increase in capacity and premium revenue accounting for 42% of total revenue. Management forecast Q4 capacity growth of 7‑8% and revenue growth of 14‑16%, with adjusted EBITDAR margin guidance of 19.5‑21.5%.

The company’s revenue beat and stable margins suggest resilience despite higher fuel costs, but the sharp profit decline may pressure earnings expectations. The outlook for higher capacity and revenue growth signals potential upside for the remainder of the year, according to the company’s guidance.

  • 1Total revenue for Q3 2026 was $1.6 billion, a 13.6% increase versus the same quarter in 2025.
  • 2Adjusted EBITDAR margin for the quarter was 24%.
  • 3Operating income was $190 million, yielding a 12% operating margin.
  • 4Profit fell 58% to $40.6 million.
  • 5Capacity, measured in available seat miles, increased 1.3% year‑over‑year.
  • 6Premium revenue represented 42% of total revenue.

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