Mexicana de Aviación continued to post heavy losses in 2025 and the first half of 2026, even as the state-backed carrier expanded its Embraer fleet and lifted passenger numbers. The airline reported operating losses of 941 million pesos last year and 513 million pesos between January and June, while carrying 245,739 passengers in the first six months of 2026 and holding about 0.8% of Mexico’s domestic market.
The carrier generated 462 million pesos in self-produced revenue in 2025, far short of more than 1.403 billion pesos in operating costs. Public transfers and subsidies remained central to its finances, with support outweighing commercial income by a wide margin in early 2026. The pattern underlines how far Mexicana still is from break-even, despite expectations that profitability may only arrive once the full fleet is in place around 2027.
Mexicana had nine aircraft in service in September 2026, giving it a monthly seat capacity of about 57,020. That remains modest by industry standards, even after a recent gradual build-up in capacity. The fleet expansion has improved scale, but not yet enough to offset the carrier’s structural cost base and reliance on government funding.