Grupo Aeroportuario del Pacifico Announces Approval of Maximum Tariffs and Capital Development Program for 2026-2030 for Kingston Airport in Jamaica
Rhea-AI Summary
Positive
- Approved tariff increases from $38.18 to $60.10 per passenger over 5 years indicate strong revenue growth potential
- Significant total investment commitment of $85.2 million USD demonstrates long-term development strategy
- Front-loaded investment schedule with $45.8 million in 2026 suggests rapid infrastructure improvements
Negative
- Large capital expenditure requirements may impact short-term cash flow
- Substantial tariff increases could potentially affect passenger traffic and airline relationships
News Market Reaction – PAC
On the day this news was published, PAC declined 0.43%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GUADALAJARA, Mexico, June 06, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces the conclusion of the ordinary review process for the maximum tariffs per passenger and committed investments included in the Capital Development Program for Kingston Airport for the 2026–2030 period.
The maximum passenger charges are expressed in U.S. dollars and will apply to each year as specified in the following table:
| Airport | 2026 | 2027 | 2028 | 2029 | 2030 |
| Kingston | 38.18 | 56.18 | 57.50 | 58.81 | 60.10 |
The investments approved by the Authority and committed under the Capital Development Program are expressed in millions of U.S. dollars and must be deployed according to the following schedule:
| Airport | 2026 | 2027 | 2028 | 2029 | 2030 | Total |
| Kingston | 45.8 | 23.4 | 3.8 | 7.9 | 4.3 | 85.2 |
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired
| This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
| Alejandra Soto Investor Relations and Social Responsibility Officer | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294 |
FAQ
What are the new maximum tariffs approved for PAC's Kingston Airport from 2026 to 2030?
How much will PAC invest in Kingston Airport's Capital Development Program?
How many airports does Grupo Aeroportuario del Pacifico (PAC) operate?
When did PAC take control of Norman Manley International Airport in Kingston?
