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Grupo Aeroport (PAC) Stock News

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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. reports developments tied to airport concessions in Mexico and Jamaica. The company operates 12 airports in Mexico’s Pacific region, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and operates Jamaican airports through Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Recurring news covers monthly passenger traffic by airport, airline and route disruptions, infrastructure investment programs, shareholder meeting resolutions, annual reports, and capital-structure actions. Company updates also include the completed consolidation of Cross Border Xpress and technical assistance services, alongside disclosures affecting Series B and Series BB shares.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) has initiated the process to form an Irrevocable Trust for the Issuance of Energy and Infrastructure Investment Trust Certificates (FIBRA GAP) to subscribe a minority equity interest in the 12 Mexican airport concessionaires it operates. The initial issuance aims to raise funds to complement the Master Development Program 2026–2029, which contemplates investments of approximately Ps. 40.0 billion.

The Master Development Program includes an approximate 60% increase in terminals, 35% in inspection points and access areas, 25% in aircraft parking positions, and 10% in airside infrastructure. FIBRA GAP would add a new equity funding source alongside GAP’s existing debt securities program.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) completed the business combination and technical‑assistance agreement for Cross Border Xpress (CBX) on May 7, 2026, and finalized the purchase of the remaining 25% interest, reaching 100% ownership.

By virtue of the merger, GAP issued 89,740,731 new net shares and reported total shares outstanding of 595,018,195, with 519,226,576 Series B and 75,791,619 Series BB shares; financial consolidation of the merged businesses begins in May.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) reported a 7.6% decrease in total terminal passengers in April 2026 versus April 2025, with totals of 5,113.4 thousand in Apr‑26 vs 5,531.0 thousand in Apr‑25. International traffic fell 10.8% and domestic total fell 5.0%.

Key airport moves: Guadalajara +0.9%, Puerto Vallarta -17.0%, Tijuana -10.5%, Los Cabos -8.1%, Montego Bay -22.0% (Hurricane Melissa effect). Seats available fell 8.3%; load factor rose to 81.5% from 80.8%.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) reports assessment after Spirit Airlines announced immediate cessation of operations on May 2, 2026. Spirit did not operate at GAP-managed Mexican airports. In Jamaica, Spirit represented ~3.5% of Kingston traffic and ~2.6% of Montego Bay traffic. Outstanding balances are fully covered by bank guarantees and cash deposits, so GAP expects no financial impact. GAP will monitor the Jamaican market and coordinate with authorities and carriers to reallocate capacity and preserve connectivity.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) reported resolutions from its April 22, 2026 shareholders meeting with 84.01% quorum.

Key actions: net income of $9,343,142,610 MXN moved to retained earnings; retained earnings balance $20,379,864,675 MXN; a MXN 20.80 per-share dividend declared payable within 12 months; new share repurchase program authorized up to MXN 2,500,000,000 for 12 months; board appointments and committee ratifications completed.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) reported 1Q26 consolidated IFRS results for the quarter ended March 31, 2026. Total revenues rose 2.8% to Ps.11,369.6m; comprehensive income increased 19.6% to Ps.3,365.8m. GAP issued Ps.10,718.0m in bonds to acquire a 25% stake in CBX and finance capex. Cash and equivalents were Ps.23,185.1m as of March 31, 2026.

International revenues and passenger traffic were weak in Jamaica after Hurricane Melissa; Mexican airports grew aeronautical and non-aeronautical revenues, while certain Mexican airports saw temporary demand impacts in March 2026.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) filed its annual report for the year ended December 31, 2025 on April 17, 2026, with Mexican regulators and its Form 20-F with the U.S. SEC.

The filings are available on the BMV, BIVA, CNBV and SEC websites, and on GAP’s Investors website; audited consolidated financial statements are available free on request.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) reported a 8.9% decline in total terminal passengers in March 2026 versus March 2025 (5,237.0k vs 5,747.8k). International traffic fell 14.6%, seats available dropped 4.5%, and load factor fell from 81.5% to 75.5% (600 bps).

Significant airport moves: Puerto Vallarta (-24.4% total), Montego Bay (-25.7% total) and La Paz (+21.4% total). New routes and hurricane disruptions in Jamaica were noted.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) completed a Ps. 10,718.0 million long-term bond issuance on March 31, 2026, via two tranches with 1.74x oversubscription.

GAP 26: Ps. 2,767.0 million, 3-year, interest TIIE +45 bps, maturity March 27, 2029. GAP 26-2: Ps. 7,951.0 million, 10-year, fixed 9.87%, maturity March 18, 2036. Both tranches received national ratings Aaa.mx and mxAAA (stable). Proceeds will primarily finance the acquisition of a 25% stake in Cross Border Xpress and fund 2025–2029 Master Development Program capex.

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Grupo Aeroportuario del Pacífico (NYSE: PAC) paid the maturity of bond certificate GAP 23L for Ps.1,120.0 million by using proceeds from a new credit facility with Scotiabank Inverlat for Ps.1,120.0 million.

The facility has a 12-month term, interest at TIIE Funding +44 bps, monthly interest payments, principal at maturity, and no fees or prepayment costs.

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FAQ

What is the current stock price of Grupo Aeroport (PAC)?

The current stock price of Grupo Aeroport (PAC) is $243.41 as of May 18, 2026.

What is the market cap of Grupo Aeroport (PAC)?

The market cap of Grupo Aeroport (PAC) is approximately 14.2B.