Aeromexico's relaunch of operations at Mexico City Toluca Airport was reportedly confirmed by Mexico's Secretary of Communications Apolinar Mena Vargas (Diario Portal, 20-Nov-2012). Mr Vargas reportedly said Aeromexico is currently conducting market research to determine which routes to operate from Toluca, beginning in Dec-2012.
Aeromexico's Toluca Airport operations confirmed by Communications Minister
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Interjet moves forward in strengthening its transborder position. Politics spurs market uncertainty
Mexico’s third largest airline, Interjet, recorded a surge in international passengers during 2016, reflecting the company’s desire to capitalise on a loosened bilateral agreement between the US and Mexico that eliminated restrictions on certain routes between the two countries. Interjet added several new routes to the US in 2016, upping competition with its Mexican rivals and the US airlines.
Based on Interjet’s aircraft delivery schedule and forward looking data, the airline’s capacity is set to grow at a healthy pace in 2017 as it absorbs new route launches from 2016 and expands its fleet. The airline logged 18.3% capacity growth in 2016.
Interjet is undertaking a significant US expansion as changing political tides are creating uncertainty about future travel patterns between Mexico and the US. Interjet asserts that business travel demand on its largest international route – Mexico City to New York JFK – remains robust, and the airline is expanding frequencies on the route.
But Mexico-US relations remain fragile in the light of uneasiness about changing trade pacts, and the heightened rhetoric over construction of a border wall between the two countries that was a hallmark of (now) President’s Trump campaign.
Aeromexico and Volaris find some positive signs despite US market and industry uncertainty
Mexico’s two largest airlines, Aeromexico and Volaris, are bracing for uncertainty, created by the new US President Donald Trump through his immigration actions and protectionist slant toward trade policies. Each airline has specific tools to combat the effects of political change – Volaris is diversifying its network through a new operation based in Costa Rica, and Aeromexico is betting its new joint venture with Delta Air Lines will blunt some of the negative effects of US policies.
But the reality is that the US remains the largest international market for each airline by wide margins.
A post election currency dive and revised GDP growth targets for Mexico are challenges that all Mexican airlines face in 2017. For now, Aeromexico and Volaris appear to be experiencing a softness in demand on northern leisure routes from Mexico, but that could quickly spread to other market segments important to each company.
Much untapped potential demand remains in Mexican air travel. But a new political landscape in the US may force some Mexican airlines to reshape their strategies if Mr Trump’s rhetoric transforms into actual policies.