Airlines in Mexico Market Players Analysis¶
Products and Services¶
This report details the top 10 key players in the Mexican airlines market based on available 2024 data, outlining their main products and services, along with available information on their volume and revenue performance.
Volaris: As an ultra-low-cost carrier, Volaris primarily offers passenger air transport on a point-to-point network spanning Mexico, the United States, Central, and South America. A significant portion of their revenue comes from ancillary services. In 2024, Volaris transported 26,831,341 total passengers, including domestic and international flights. They held a 33.3% market share in domestic passenger transport in 2024, carrying 20,484,939 domestic passengers. For the full year 2024, Volaris reported $3,142 million in total operating revenue and a net income of $126 million. Total operating revenue in 4Q 2024 was $835 million. [2, 7, 11, 12] Volaris plans a capacity expansion of approximately 13% in 2025, with about 40% aimed at the international market, indicating expected volume growth. [4] However, the airline reported a net loss in the first quarter of 2025. [3]
Viva Aerobus: Another ultra-low-cost carrier in Mexico, Viva Aerobus focuses on passenger transport with a resilient business model. Ancillary revenues are a significant component of their total income. Viva Aerobus transported 26,134,302 total passengers in 2024, showing an 11.5% growth. [8] They led the domestic market in 2024 with 23,406,799 passengers and a 38.0% market share. [8] Viva Aerobus reported total operating revenue of $612 million for 2Q 2024, a 34.3% increase year-over-year, and $665 million for 3Q 2024, a 16.4% increase. [1, 6] The airline reported a net income of $70 million in 3Q 2024. [5] The increase in passengers and revenue indicates strong growth.
Grupo Aeroméxico: Mexico's full-service global airline offers domestic and international passenger routes, as well as cargo services. They benefit from a strategic alliance with Delta Air Lines and membership in the SkyTeam alliance. Aeroméxico transported 25,059,181 total passengers in 2024, a 2.2% increase. [8] They ranked third in the domestic market in 2024 with 16,951,483 passengers and a 27.5% market share and led Mexican airlines in international passenger flow in 2024. [8, 14] The airline reported sales of $1,391.85 million in 2Q 2024 and $2,694.87 million in the first six months of 2024. [15] Revenue increased by 18% during the first nine months of 2024. [18] Aeroméxico was recognized as the world's most punctual airline in 2024. [10, 17] The increase in passengers and revenue signifies growth.
American Airlines: A major US airline with a significant presence in the Mexico-United States international market, American Airlines offers passenger transport and has the most flights and seats between the two countries compared to other US airlines. [19] In conjunction with United Airlines, they transported 13.7 million travelers between the US and Mexico in 2024, holding a 25% market share on these routes. [19] Specific revenue data for the Mexico market is not provided.
United Airlines: A major US airline operating passenger routes connecting Mexico and the United States. United is a significant player in the international market between the two countries. Together with American Airlines, they transported 13.7 million travelers between the US and Mexico in 2024. [19] United holds a 15% market share on routes between Mexico and the United States. [19] Specific revenue data for the Mexico market is not provided.
Delta Air Lines: A major US airline with operations connecting Mexico and the United States through passenger flights. Delta has a strategic alliance with Aeroméxico. They are a key participant in the passenger flow between Mexico and the United States. Delta holds a 10% market share on routes between Mexico and the United States. [19] Specific revenue data for the Mexico market is not provided.
LATAM Airlines: A major airline group in Latin America, LATAM operates passenger routes including those to Mexico as part of its broader network. Across its entire network, LATAM transported 82 million passengers in 2024. [16] They reported $13,034 million in total operational revenue for the full year 2024, a 10.6% increase from 2023, and a net income of $977 million in 2024. [16] While these figures represent their network-wide performance, the increase in passengers and revenue indicates overall growth for the group. [16] Specific data for Mexico routes is not available.
Southwest Airlines: A major US low-cost carrier with a presence on passenger routes between the United States and Mexico. Southwest covers 6% of the market between the United States and Mexico. [19] Specific revenue data for the Mexico market is not provided.
Mexicana de Aviación: A state-owned airline operated by the Secretariat of National Defense, Mexicana de Aviación was relaunched to provide domestic passenger transport. The airline transported 256 thousand passengers on domestic flights in 2024, representing a 0.46% market share. [9] It has been reported to be operating with losses, suggesting a challenging financial performance since its relaunch. [9]
Copa Airlines: Based in Panama, Copa Airlines operates passenger flights to and from Mexico, connecting the country with other destinations via its hub. Copa Airlines was nominated for "Mexico & Central America's Leading Airline Brand" in 2025 and has won the award in prior years. [9] Specific passenger volumes or revenue figures for the Mexico market are not available in the provided data.
Products and Services Growth/Decline Table¶
| Airline | Main Products/Services | Volume (2024) | Volume Growth/Decline (2024 vs. Prior) | Revenue (2024) | Revenue Growth/Decline (2024 vs. Prior) |
|---|---|---|---|---|---|
| Volaris | Passenger Transport (ULCC) | 26.8 million passengers (total) | N/A (Growth planned for 2025) | $3,142 million (total operating) | N/A |
| Viva Aerobus | Passenger Transport (ULCC) | 26.1 million passengers (total) | 11.5% growth [8] | $665 million (3Q 2024) | 16.4% growth (3Q 2024 vs 3Q 2023) [6] |
| Grupo Aeroméxico | Passenger Transport, Cargo | 25.1 million passengers (total) | 2.2% growth [8] | $2,695 million (first 6 months) | 18% increase (first 9 months) [18] |
| American Airlines | Passenger Transport (US-Mexico) | ~13.7 million passengers (US-Mexico, w/ UA) [19] | N/A | N/A (Specific to Mexico) | N/A (Specific to Mexico) |
| United Airlines | Passenger Transport (US-Mexico) | ~13.7 million passengers (US-Mexico, w/ AA) [19] | N/A | N/A (Specific to Mexico) | N/A (Specific to Mexico) |
| Delta Air Lines | Passenger Transport (US-Mexico) | N/A (Part of US-Mexico flow) | N/A | N/A (Specific to Mexico) | N/A (Specific to Mexico) |
| LATAM Airlines | Passenger Transport (Network) | 82 million passengers (network-wide) [16] | N/A | $13,034 million (network-wide) | 10.6% increase (network-wide) [16] |
| Southwest Airlines | Passenger Transport (US-Mexico LCC) | N/A (Covers 6% of market) [19] | N/A | N/A (Specific to Mexico) | N/A (Specific to Mexico) |
| Mexicana de Aviación | Passenger Transport (Domestic) | 256 thousand passengers (domestic) [9] | N/A (Relaunched) | N/A | Decline (Operating with losses) [9] |
| Copa Airlines | Passenger Transport | N/A (Specific to Mexico) | N/A | N/A (Specific to Mexico) | N/A (Specific to Mexico) |
Note: Growth/Decline percentages are based on the provided data for the specified period. N/A indicates that specific growth/decline data for the Mexico market or product was not available in the provided text.
References¶
- Resultados | 2T 2024 - Viva Aerobus
- Volaris Reporta Resultados Financieros del Cuarto Trimestre 2024: Utilidad Neta de $46 millones de dólares - Mziq
- Volaris 'anda volando bajo': Pierde 51 millones de dólares en primer trimestre de 2025
- North American Summer 2025 Schedules: Network and Capacity Changes | Aviation Market Analysis - OAG
- Levanta VivaAerobus su utilidad neta en 26% en III-24 - El Financiero
- Viva Aerobus informa reporte trimestral correspondiente al tercer trimestre del 2024 - ALNNEWS
- Reporta Volaris año “notable” con utilidad neta de 126 millones de dólares - Aviación 21
- Volaris Reporta Resultados Financieros del Primer Trimestre 2024: Utilidad Neta de $33 millones de dólares - Mziq
- Mexico & Central America's Leading Airline Brand 2025 - World Travel Awards
- Mexicana transportó 256 mil de los 55 millones de pasajeros en vuelos nacionales en 2024; apenas 0.46% del mercado - Fábrica de Periodismo
- World's Best Airlines For 2025
- Reportes trimestrales - Volaris RI
- Indicadores de Transporte Aereo_enero 2024
- Indicadores de Transporte Aereo_marzo 2024
- Grupo Aeroméxico, S.A.B. de C.V. reporta resultados del segundo trimestre y seis meses terminados el 30 de junio de 2024 - Marketscreener
- Información Financiera Trimestral - investor cloud
- Información Financiera Trimestral - investor cloud
- Pasaje aéreo batió récord en México durante 2024 - Bien Informado
- Aeroméxico wins Cirium's Global On-Time Award 2024
- Sector de Aerolíneas en México - Grupo BMV
- The most in Mexico: American Airlines adds 30th destination as part of a record-breaking schedule
- Aeroméxico, lista para su oferta pública – El Financiero
- New Route of the Day - Americas (20 February 2025): Aeromexico between Mexico City and Cartagena - Air Service One
- Empresas aéreas en México ganaron más de 34 mil mdp en 2024 - El Financiero
- Best Airlines in the World in 2024 Based on On-Time Performance - Aviation A2Z
- Lideran aerolíneas mexicanas crecimiento internacional en Norteamérica: OAG | Aviación 21
- México supera los 119 millones de pasajeros en vuelos nacionales e internacionales en 2024
- México supera los 119 millones de pasajeros en vuelos nacionales e internacionales en 2024 - Swissinfo
- ALTA presents Mexico Aviation Insight
- LATAM Airlines cerró 2024 con 82 millones de pasajeros transportados y el doble de utilidades que en 2023 | AméricaEconomía
- Registra LATAM Airlines ganancias récord y mayor número de pasajeros en 2024
- Aeroméxico, la aerolínea más confiable de 2024, según Cirium - Yahoo Finanzas
- Viva Aerobus gana más pasajeros que Aeroméxico y Volaris en 2023 - Forbes México
- Aeroméxico espera "condiciones" para volver a cotizar en Bolsa - Yahoo Finanzas
- Cuenta de resultados Grupo Aeromexico (AEROMEX) - Investing.com