In 2024, Aeroméxico is set to embark on a significant expansion, adding 17 new routes originating from seven major Mexican airports. This expansion aims to provide travelers with more options for transborder flights, made possible through the Delta-Aeroméxico Joint Cooperation Agreement (JCA).
The Delta-Aeroméxico JCA aims to offer over 90 daily flights on nearly 60 routes between Mexico and the US. According to Delta Air Lines’ press release, these 17 new routes are scheduled to commence operations in January 2024, connecting multiple Mexican airports to nine key US destinations, all supported by Delta's codeshare agreements.
By July 2024, Aeroméxico plans to operate nearly 60 daily flights to the US, marking a 35% increase from 2023. Simultaneously, Delta will offer 34 daily flights to seven Mexican destinations. This collaboration will result in over 30% more available seats year-over-year.
Aeroméxico's expansion introduces new routes from multiple Mexican cities to a range of US destinations. Travelers departing from Monterrey, Nuevo Leon, can now access Atlanta, Georgia; Salt Lake City, Utah; New York; New York; and Los Angeles, California. The airline will also offer flights from Queretaro to Atlanta and Detroit, Michigan; from Merida to Atlanta; from Mexico City International Airport to Detroit, Salt Lake City, Washington DC and Boston, Massachusetts; from Guadalajara to Atlanta and Detroit; and from Felipe Ángeles International Airport in Mexico City to Dallas-Fort Worth and McAllen, Texas.
Delta Air Line’s recently reported robust financial results for the September quarter, achieving record revenue and substantial earnings growth, surpassing 30% year-over-year. Delta Air Lines’ performance during the September 2023 quarter showcased solid results across both GAAP and adjusted financial metrics. This included an operating revenue of US$15.5 billion, operating income of US$2 billion and earnings per share of US$1.72.
Looking ahead, Delta Air Lines anticipates a 20% growth in adjusted revenue in 2023 over 2022, accompanied by a strong double-digit operating margin. The company has also provided guidance for full-year adjusted earnings per share (EPS), expected to range between US$6.00 and US$6.25, with an estimated free cash flow of US$2 billion.