Grupo Aeroport Stock Price, News & Analysis

Grupo Aeroportuario del Pacifico (NYSE: PAC) has received approval for its maximum tariffs and Capital Development Program for Kingston Airport in Jamaica covering 2026-2030. The maximum passenger charges, denominated in USD, will progressively increase from $38.18 in 2026 to $60.10 in 2030. The approved Capital Development Program includes total investments of $85.2 million USD, with the largest investment of $45.8 million scheduled for 2026. GAP operates 12 airports across Mexico's Pacific region and two airports in Jamaica, including the Norman Manley International Airport in Kingston and Sangster International Airport in Montego Bay.

Grupo Aeroportuario del Pacifico (NYSE: PAC) reported a 2.6% increase in total terminal passengers for May 2025 compared to May 2024, reaching 5.17 million passengers. Key Mexican airports showed positive growth with Tijuana up 3.4%, Los Cabos 1.1%, Puerto Vallarta 0.9%, and Guadalajara 0.3%. Domestic traffic grew 4.7% to 3.05 million passengers, while international traffic slightly decreased by 0.2% to 2.11 million. Notably, seat capacity increased by 4.8%, though load factors declined from 82.8% to 81.1%. The company added several new routes operated by Viva, primarily connecting Tijuana with various Mexican cities. Montego Bay airport in Jamaica saw a 1.6% decrease in passenger traffic.

Grupo Aeroportuario del Pacifico (NYSE: PAC) has drawn down a credit facility of Ps. 3,375 million from Banamex with a five-year term. The loan features monthly interest payments at TIIE-28 plus 54 basis points, with principal due on May 30, 2030. The funds will be used to refinance existing debt: Ps. 2,500 million from Banamex and Ps. 875 million from BBVA. GAP operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and also manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Grupo Aeroportuario del Pacifico (NYSE: PAC) announced the payment details for its first dividend installment following the April 24, 2025 shareholders' meeting resolution. The company will distribute a total dividend of Ps. 16.84 per share in two installments. The first payment of Ps. 8.42 per share is scheduled for May 28, 2025, marking the company's fortieth dividend payment. GAP operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and also manages airports in Jamaica - the Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Grupo Aeroportuario del Pacifico (NYSE: PAC) reported strong passenger traffic growth in April 2025. The company's total terminal passengers across its 12 Mexican airports increased by 9.1% compared to April 2024, reaching 5.53 million passengers. Key airports showed significant growth: Tijuana (+10.0%), Guadalajara (+9.0%), Los Cabos (+8.7%), and Puerto Vallarta (+5.7%). Notable domestic traffic increases were seen in Mexicali (+45.4%) and Los Mochis (+31.3%). However, Montego Bay airport experienced a 1.3% decrease in passenger traffic. The company's available seats increased by 11.0%, while load factors slightly decreased from 81.8% to 80.4% year-over-year.

Grupo Aeroportuario del Pacífico (NYSE: PAC) has announced the successful payment of its "GAP 21" debt securities on May 2, 2025. The payment covered 25 million long-term debt securities with a face value of Ps. 100.0 each, totaling Ps. 2,500.0 million. The company funded this payment using proceeds from a long-term debt securities issuance completed on February 4, 2025.

GAP operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Grupo Aeroportuario Del Pacifico (PAC) reported strong Q1 2025 results with total revenues increasing 30.1% to reach Ps. 11.1 billion. The company saw a 4.2% rise in total passenger traffic across its 14 airports, handling 16.3 million passengers.

Key financial highlights include:

• Aeronautical revenues up 20.9% to Ps. 6.0 billion
• Non-aeronautical revenues grew 41.3% to Ps. 2.4 billion
• EBITDA increased 21.1% to Ps. 5.6 billion
• Net income rose 15.7% to Ps. 2.9 billion

The company expanded its route network with 13 new routes, including 10 international connections primarily operated by Alaska Airlines. Notable growth was seen in domestic passenger traffic (+9.1%), while international traffic slightly decreased (-0.7%). The company maintained a strong financial position with Ps. 16.2 billion in cash and successfully issued Ps. 6.0 billion in long-term bonds for refinancing and capital investments.

Grupo Aeroportuario del Pacifico (NYSE: PAC) held its Annual General Shareholders' Meeting with 88.5% quorum, where several key resolutions were adopted. The company reported net income of Ps. 8.28 billion for fiscal year 2024, which will be allocated to retained earnings.

Shareholders approved a significant dividend of Ps. 16.84 per share, to be paid within 12 months after April 24, 2025. The company also renewed its share repurchase program with a maximum amount of Ps. 2.5 billion for the next 12-month period.

The meeting included the ratification of board members and committee positions, with Laura Díez Barroso Azcárraga confirmed as Chairwoman. The company's financial statements were approved both on an unconsolidated basis (MFRS) and consolidated basis (IFRS), along with the 2024 Sustainability Report.

Grupo Aeroportuario del Pacifico (NYSE: PAC) has announced the filing of its 2024 annual report with Mexican regulatory authorities and Form 20-F with the SEC. The company operates a network of 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, along with tourist destinations such as Puerto Vallarta and Los Cabos.

PAC also maintains international presence through its operation of two Jamaican airports: Sangster International Airport in Montego Bay (acquired in 2015) and Norman Manley International Airport in Kingston (operated since 2019). The company's shares trade on both the New York Stock Exchange (PAC) and Mexican Stock Exchange (GAP).