Grupo Aeroméxico (AERO) reported record third-quarter revenue of $1.6 billion, up 13.6%, driven by strong international demand and pricing actions to offset fuel costs. Operating income was $189.6 million, an 11.7% margin, while net income reached $40.6 million, or $0.03 per share, as fuel expense rose 57.6% to $469.0 million. The average fuel price was $3.99 per gallon versus $2.48 a year earlier, a historical high for the company. Liquidity stood at $1.2 billion and the company repaid $7.2 million of debt, and for the fourth quarter it guided to 14.0% to 16.0% revenue growth and a 7.5% to 9.5% operating margin, assuming an all-in fuel price of $4.50 per gallon.
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- Aeromexico ( AERO ) Q3 2026 Earnings Call Transcript
Aeromexico reported third-quarter revenue of $1.6 billion, up 13.6%, driven by strong international demand and pricing actions to offset fuel costs. Fuel expense rose 57.6% to $469.0 million as the average price reached $3.99 per gallon versus $2.48 a year earlier, adding $171.5 million in incremental fuel costs. Operating income was $189.6 million (11.7% margin), with adjusted EBITDAR of $389.2 million and net income of $40.6 million, or $0.03 per share. Liquidity stood at $1.2 billion, including $965.1 million in cash. For Q4, the company guided to 14.0%–16.0% revenue growth and a 7.5%–9.5% operating margin, assuming an average all-in fuel price of $4.50 per gallon, and expects a 21.5%–22.5% adjusted EBITDAR margin for FY2026.
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