Quarterly ResultJul 13, 2026, 04:52 PM
Aeroméxico Q2 Total Revenue $1.5B; Net Loss $57.7M
AI Summary
Grupo Aeroméxico reported unaudited second-quarter 2026 results, achieving a record Q2 total revenue of $1.5 billion, up 12.6% year-over-year. Despite this, the company posted a net loss of $57.7 million, primarily due to a 79.9% surge in fuel expenses. Management highlighted solid performance amid peak fuel price pressure and World Cup demand shifts, with strong liquidity of $1.2 billion and a positive outlook for the second half of 2026, expecting improved macroeconomic conditions and healthy demand to drive higher EBITDAR levels.
Key Highlights
- Q2 Total Revenue reached $1.5 billion, a 12.6% year-over-year increase.
- Q2 Net Loss totaled $57.7 million, compared to $68 million net income in 2Q25.
- Q2 Adjusted EBITDAR was $264.2 million, with a 17.9% margin.
- Q2 Operating Income totaled $67.9 million, with a 4.6% operating margin.
- Total fuel expense increased by 79.9% year-over-year to $493.8 million.
- Liquidity stood at $1.2 billion, equivalent to 21.8% of last-twelve-month revenues.
- FY26 Total Revenue guidance is ~$6.05 billion to $6.12 billion, up 13-14% YoY.
- FY26 Adjusted EBITDAR margin guidance is ~24.0% to 26.0%.
Price Impact
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