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Mexico & Nafta - September 2019

Aeromexico faced by various competitors

Despite steady growth in passenger numbers in the first half of 2019, Grupo Aeromexico has been something of a cause for concern for investors, after it reported losses of more than US$46m (M$897m) in the fourth quarter of 2018. Among the causes of this poor performance was cited increased competition from both domestic and international operators, which has resulted in a restructuring of Aeromexico’s flight capacity. Throughout 2019, domestic capacity is to be reduced, with a corresponding slight increase in long-haul capacity, as this was the most profitable sector in 2018, well ahead of both internal flights and flights to the US.

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