Grupo Aeromexico, S.A.B. de C.V. (AERO) Form 6-K — Oct 19, 2026
Grupo Aeroméxico reported unaudited 3Q26 results with record quarterly revenue of $1.6 billion, up 13.6% year over year, and an 11.7% operating margin, driven by strong international demand and a 42% premium revenue mix. Profitability fell sharply as jet fuel costs jumped 57.6% to $469.0 million — fuel cost per gallon rose 60.6% to $3.99 — pushing net income down 58.1% to $40.6 million and Adjusted EBITDAR down 11.9% to $389.2 million despite a still-strong 24.0% EBITDAR margin. The balance sheet remains solid with $965.1 million in cash, $1.2 billion total liquidity, and 2.1x net leverage; the company upsized its revolver to $250.0 million and repaid $7.2 million of debt in the quarter.
Key figures
- Eps
- 0.03
- Revenue
- 1619
- Guidance
- 4Q26: ASMs +7.0-8.0% YoY, revenue +14.0-16.0% YoY, Adjusted EBITDAR margin ~19.5-21.5%, operating margin ~7.5-9.5%; FY26: revenue +13.5-14.5%, EBITDAR margin 21.5-22.5%, operating margin 8.5-9.5%
- Net Income
- 40600000
- Total Debt
- 4063000000
- Revenue Yoy
- 13.6%
- Total Assets
- 7396000000
- Cash Position
- 965100000
- Asms yoy
- 1.3%
- Fleet size
- 170
- Load factor
- 88.3%
- Trasm cents
- 17.2
- Casm ex cents
- 10.1
- Liquidity usd b
- 1.2
- Fuel expense yoy
- 57.6%
- Operating margin
- 11.7%
- Fuel expense usd m
- 469
- Net leverage ratio
- 2.1x
- Fuel cost per gallon
- US$3.99 vs US$2.48 in 3Q25 (+60.6%)
- Adjusted ebitdar usd m
- 389.2
- Operating income usd m
- 189.6
- Adjusted ebitdar margin
- 24.0%
- Revolver upsized to usd m
- 250
- Loyalty breakage revenue usd m
- 48.7
- Net cash from operations 9m usd m
- 541.7
- Fourth quarter fuel assumption per gallon
- USD $4.5
AI analysis
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