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CASMex
Tracks the cost per available seat mile excluding fuel, offering a view into the airline's cost efficiency and operational management.CASMex shows a seasonal low in mid-year but a clear structural uptick since 2023, peaking in early 2026 — signaling persistent non‑fuel cost pressure (wages, maintenance, network/fleet changes) that could squeeze margins if yields don’t keep pace. The recurring Q2 dips show operational leverage in peak leisure travel, but they no longer offset year‑over‑year cost creep. Investors should focus on management’s productivity, fleet utilization and pricing actions to see if revenue growth can neutralize this higher underlying cost base.
Date | CASMex |
|---|---|
Sep 30, 2026 | 11.46 |
Jun 30, 2026 | 11.40 |
Mar 31, 2026 | 12.37 |
Dec 31, 2025 | 11.72 |
Sep 30, 2025 | 10.98 |
Jun 30, 2025 | 10.90 |
Mar 31, 2025 | 11.89 |
Dec 31, 2024 | 11.57 |
Sep 30, 2024 | 10.16 |
Jun 30, 2024 | 9.89 |