Aeromexico's November 2024 Results Show Growth in International Travel Despite Domestic Dip
Aeromexico's November 2024 Traffic Results
Grupo Aeromexico S.A.B. de C.V. has announced its operational results for November 2024, revealing notable variations in passenger numbers between domestic and international travel. This report highlights key statistics that shape Aeromexico's current performance in the aviation sector.
In November 2024, Aeromexico reported carrying approximately 2.034 million passengers, an increase of 0.3% compared to the same month last year. A closer look shows that the increase in passengers was driven primarily by international travel, which experienced a significant surge of 16.9%. In stark contrast, domestic passenger numbers fell by 6.1%, indicating shifting travel patterns where many more are opting for international destinations.
The total operational capacity, assessed through Available Seat Kilometers (ASKs), grew by 7.1% year-over-year. For international routes, ASKs surged by 14.9%, highlighting the airline's investment in larger capacities to accommodate increasing international demand. Conversely, domestic capacity decreased by 7.0%, possibly reflecting adjustments in response to the declining domestic passenger numbers.
Demand, as measured in Revenue Passenger Kilometers (RPKs), rose by 9.2% overall, with international demand climbing by 17.4%. This trend underscores the growing appeal of global travel, while domestic demand saw a decrease of 5.2%. These figures suggest that travelers are increasingly looking beyond national borders.
Aeromexico's load factors for November demonstrated positive trends. The overall load factor reached 85.3%, reflecting a 1.6 percentage point increase from November 2023. Breaking it down further, the international load factor was 84.6%, a significant increment of 1.8 percentage points from the prior year, showing better utilization of flight capacities in that segment. On the domestic front, the load factor climbed to 86.7%, which is a 1.6 percentage point uplift.
| Metric | November 2024 | November 2023 | Change |
|---|---|---|---|
| -- | --- | --- | -- |
| Domestic Passengers | 1,378,000 | 1,468,000 | -6.1% |
| International Passengers | 657,000 | 562,000 | 16.9% |
| Total Passengers | 2,034,000 | 2,029,000 | 0.3% |
| Domestic ASKs (in millions) | 1,435 | 1,543 | -7.0% |
| International ASKs (in millions) | 3,210 | 2,793 | 14.9% |
| Total ASKs (in millions) | 4,644 | 4,336 | 7.1% |
| Domestic RPKs (in millions) | 1,244 | 1,312 | -5.2% |
| International RPKs (in millions) | 2,716 | 2,314 | 17.4% |
| Total RPKs (in millions) | 3,960 | 3,626 | 9.2% |
| Domestic Load Factor | 86.7% | 85.0% | 1.6 p.p. |
| International Load Factor | 84.6% | 82.8% | 1.8 p.p. |
| Total Load Factor | 85.3% | 83.6% | 1.6 p.p. |
These results illustrate Aeromexico's strategic focus on expanding its international network while managing the challenges within the domestic market. The airline's efforts to enhance its operational capacity appear to be aligned well with current travel demand trends.
Despite the observed fluctuations in passenger numbers, Aeromexico's investments in international routes and its ability to sustain a commendable load factor reflect a robust approach to navigating the current landscape. As travelers increasingly seek international experiences, Aeromexico seems poised to capture a significant share of that growth.
It's important to note that these figures may not fully capture the future dynamics of the aviation industry. As the global travel landscape evolves, so too will the strategies employed by airlines like Aeromexico, which must remain adaptable in the face of changing consumer preferences and market conditions.
Topics Auto & Transportation）
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