Core Insights - Grupo Aeroméxico reported a 0.4% year-over-year increase in total passengers for December 2025, reaching 2,180,000 passengers, with international passengers increasing by 2.7% and domestic passengers decreasing by 0.9% [1][2] - The airline's total capacity, measured in available seat miles (ASMs), decreased by 0.4% year-over-year, with international ASMs increasing by 0.1% and domestic ASMs decreasing by 1.4% [1][2] - Demand, measured in revenue passenger miles (RPMs), increased by 1.3% year-over-year, with international demand up by 2.7% and domestic demand down by 1.9% [1][2] - Aeroméxico's load factor for December 2025 was 87.1%, a 1.4 percentage point increase compared to December 2024, with international load factor increasing by 2.2 percentage points and domestic load factor decreasing by 0.5 percentage points [1][2] Operational Performance - Domestic passenger traffic in December 2025 was 1,391,000, a slight decrease of 0.9% from December 2024, while international passenger traffic was 789,000, an increase of 2.7% [1][2] - Cumulatively, for the year 2025, total passengers reached 24,587,000, a decrease of 3.0% compared to 2024, with domestic passengers down by 5.5% and international passengers up by 2.4% [1][2] - The airline's operational discipline and strong demand contributed to the recovery trend observed in the second half of 2025, culminating in recognition as the world's most on-time airline for the second consecutive year [1] Capacity and Demand Metrics - Total ASMs for December 2025 were 3,088 million, a decrease of 0.4% year-over-year, with domestic ASMs at 897 million (down 1.4%) and international ASMs at 2,191 million (up 0.1%) [1][2] - Total RPMs for December 2025 were 2,690 million, reflecting a 1.3% increase year-over-year, with domestic RPMs at 795 million (down 1.9%) and international RPMs at 1,895 million (up 2.7%) [1][2] - The load factor for domestic flights was 88.6%, a decrease of 0.5 percentage points from the previous year, while the international load factor was 86.5%, an increase of 2.2 percentage points [1][2]

Core Insights - Grupo Aeroméxico reported a continued sequential improvement in operational results for November 2025, driven by strong demand and operational discipline, maintaining its status as the world's most punctual carrier in 2025 [1][4] Passenger Metrics - In November 2025, Aeroméxico transported 1,995 thousand passengers, reflecting a 2.0% decrease year-over-year, with domestic passengers down by 2.3% and international passengers down by 1.3% [4] - Year-to-date, total passengers reached 22,408 thousand, a 3.3% decrease compared to the same period in 2024 [1][4] Capacity and Demand - Total capacity, measured in available seat miles (ASMs), decreased by 4.0% year-over-year in November 2025, with domestic ASMs down by 2.3% and international ASMs down by 4.7% [4] - Demand, measured in revenue passenger miles (RPMs), decreased by 1.5% year-over-year, with domestic RPMs down by 3.0% and international RPMs down by 0.8% [4] Load Factor - The load factor for November 2025 was 87.5%, representing a 2.3 percentage point increase compared to November 2024, with international load factor increasing by 3.6 percentage points and domestic load factor decreasing by 0.6 percentage points [4]

Core Insights - United Airlines is set to report its third quarter earnings, with expectations of operating revenue reaching $15.28 billion, a 3% increase year-over-year, and adjusted EPS of $2.66 [1] - The airline's performance will be compared to Delta's recent results, which showed a significant improvement in premium and corporate travel [2] Financial Performance - United's operating revenue for the last quarter was a record $15.2 billion, driven by premium cabin and cargo revenue [2] - The airline is guiding its full-year EPS range to $9.00 - $11.00 [2] Operational Challenges - Earlier in the year, United faced operational issues at Newark Liberty Airport, one of its largest hubs, due to staffing shortages and air traffic control (ATC) problems [3][4] - Recent improvements have been noted, with Newark's on-time performance matching that of LaGuardia and JFK airports [3] Industry Context - The airline industry is currently facing concerns regarding ATC staffing due to a potential government shutdown, which has already caused significant delays at various airports [5][6] - Delta's CEO indicated that while ATC staffing is not currently affecting operational performance, it could become a concern if the shutdown persists [6]