Grupo Aeroportuario del Pacifico Announces Completion of Business Combination Process of CBX and the Provision of Technical Assistance Services
Rhea-AI Summary
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.
Positive
- Completed acquisition of remaining 25% of CBX
- Consolidated 100% ownership of CBX
- Financial consolidation of CBX begins in May 2026
Negative
- Issued 89,740,731 new net shares increasing outstanding share count
News Market Reaction – PAC
In the May 7 session, PAC gained 0.73%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 04 | Airline shutdown impact | Neutral | +2.4% | Clarified limited exposure to Spirit Airlines’ cessation and reassured on receivables. |
| Apr 23 | Shareholder meeting actions | Positive | +2.4% | Approved dividend, retained earnings allocation, and new share repurchase program. |
| Apr 20 | 1Q26 earnings | Positive | +3.1% | Reported higher revenues and comprehensive income with strong cash position. |
| Apr 17 | Annual report filing | Neutral | -0.3% | Filed 2025 annual report and Form 20-F with regulators and exchanges. |
| Apr 07 | Traffic decline update | Negative | +4.3% | Disclosed March 2026 passenger traffic down 8.9% year over year. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including traffic weakness and regulatory filings, has generally seen positive price reactions, even when fundamentals were mixed.
Over the last month, PAC released several updates spanning traffic, earnings, and shareholder actions. A March 2026 traffic decline of 8.9% still coincided with a +4.31% move, while 1Q26 results showing revenue and comprehensive income growth led to a +3.11% reaction. The April shareholders’ meeting, which approved a dividend and buyback, and clarifications on Spirit Airlines’ shutdown also saw positive responses. Today’s CBX business combination and full consolidation fits into this ongoing expansion and capital allocation narrative.
Key Terms
merger agreement financial
technical assistance services technical
technology transfer technical
forward-looking statements regulatory
whistleblower program regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
GUADALAJARA, Mexico, May 07, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that after completing several processes aimed at closing the operations approved by its Shareholders’ Meeting, it has completed the combination of the businesses of Cross Border Xpress (“CBX”) and the provision of technical assistance services and technology transfer, through the notarization of the merger agreement signed on April 30 of this year. Furthermore, the purchase agreement to acquire the remaining
Consequently, by virtue of the merger, GAP issued 89,740,731 new net shares, so to date it has 595,018,195 million shares outstanding, 519,226,576 Series B shares and 75,791,619 Series BB shares, and assumed control of the merged entities, beginning the financial consolidation of these businesses in May.
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 |
