Despite facing the highest fuel prices in the history of the airline industry, Aeromexico reported an operating margin of 12% in the third quarter and anticipated revenue growth of nearly 20% by the end of this year.

Andrés Conesa, CEO of the airline, highlighted that companies are facing unprecedented pressure due to the rising cost of jet fuel , which currently costs five dollars per gallon.

The executive explained that Aeromexico’s annual fuel purchase cost will increase from around one billion dollars to 1.7 billion dollars.

However, he asserted that the resilience of travel demand has offset much of that impact. Although the company lowered its outlook for the fourth quarter due to rising fuel costs and the peso’s depreciation against the dollar, it maintains expectations of growth and strong cash flow generation.

“Despite the fuel situation, we are projecting to close the year with a cash level identical to that of 2025, without taking on debt and without reducing investments,” Conesa said in an interview during his participation in the ALTA AGM & Airline Leaders Forum.

In this regard, he stated that the airline maintains its investment plans in Boeing 787 aircraft, technology and operational improvements, including projects at Mexico City International Airport (AICM).

The executive acknowledged that the rise in operating costs is already being reflected in airfare prices. In addition to fuel, Aeroméxico is facing increases in labor costs linked to inflation.

Even so, he maintained that rates, in real terms, remain below the levels seen a decade ago and that the company retains a competitive position.

“We have been affected by about 60%, we are paying the highest fuel prices in the history of aviation, although oil is not at its highest level like all refined products, so it has to be reflected in prices (tickets),” he said.

The World Cup affected traffic

Conesa revealed that the recently held World Cup had a negative impact of approximately $25 million on revenue for Aeromexico, mainly due to a temporary reduction in business travel.

He explained that during the Mexican National Team’s matches, corporate travel to key markets such as Monterrey, Guadalajara, Mérida, and Tijuana decreased, as part of the demand shifted to the sporting event.

However, he noted that the World Cup also spurred investments of nearly $400 million in airport infrastructure and motivated improvements in the passenger experience.

New routes on the way

Regarding the end of US restrictions, Aeromexico announced that it is working to obtain the necessary authorizations to soon announce a first package of new international routes.

Although he avoided revealing the destinations due to a lack of regulatory permits and slot availability, he indicated that some operations could start in early 2027 and others towards the summer season.

Conesa noted that one of the issues that continues to be under observation by the US aeronautical authorities is the budget of the Federal Civil Aviation Agency (AFAC).

While expressing confidence that Mexico will retain Category 1 air safety status, he stressed that it will be the responsibility of the authorities to ensure that the agency has the necessary resources to maintain internationally required standards.

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El cargo Global situation, fuel and exchange rates affect Aeromexico’s operations apareció primero en T21.

Grupo Aeroméxico was crowned the country’s leading airline in cargo movement during 2025 , leaving behind the other major cargo carriers , Avianca Cargo México and Estafeta .

According to statistics from the Federal Civil Aviation Agency (AFAC) , the company led by Andrés Conesa transported 159,476.54 tons last year , which represented a 4.7% increase compared to 2024, when it reported 152,209.89 tons.

Conversely, the largest cargo carrier moved 81,114.16 tons, Avianca Cargo Mexico 24,886.48 tons, and Estafeta 34,008.72 tons during the period.

Andrés Conesa, CEO of Aeroméxico, commented that the company’s strengthening in cargo stems from the investment made in the fleet, particularly in the Boeing Dreamliner 787, with three new aircraft joining the company’s operations by 2026.

Furthermore, he indicated that their alliance with Amazon has positioned the airline in the national market, as well as the pharmaceutical industry, since they have the necessary certificates for the transport of this type of merchandise and perishables.

“They are different components, but air cargo has been steadily increasing. By 2026, with the three 787s, we will achieve more, although we have been pressured by prices, which have been complicated by trade issues and the tariff war that has lowered volumes. But we have defended ourselves with greater capacity to maintain a level of income that complements passenger revenue. We are a passenger airline, and cargo complements it; we are not a cargo airline,” he stated in response to a question from T21.

In the case of the domestic market, Grupo Aeroméxico transported 52,761.38 tons in 2025, which meant an increase of 9.9% compared to 2024, when it moved 48,012.6 tons.

Internationally, the firm went from 104,197.29 tons in 2024 to 106,715.16 tons in 2025, that is, a year-on-year increase of 2.4%.

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El cargo Aeromexico Group surpasses cargo carriers in 2025 apareció primero en T21.