Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in September 2026 of 7.3% Compared to 2025

Available seats fell 7.2% year over year, while the share of occupied seats increased from 80.7% to 81.0%.

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (NYSE: PAC) reported a preliminary 7.3% year-over-year decline in total terminal passenger traffic for September 2026.

Traffic reached 4,081.9 thousand passengers, while January–September traffic fell 4.2% to 45,792.6 thousand. September domestic traffic declined 9.5% and international traffic decreased 3.2%. The company's 12 Mexican airports recorded a 6.7% decline; Tijuana fell 12.1%, Puerto Vallarta 10.4% and Los Cabos 7.5%. Montego Bay traffic dropped 16.6%, and Kingston declined 3.8%.

GAP attributed the September decline mainly to reduced airline seat capacity, particularly domestically. Hurricane Polo also partially affected Puerto Vallarta and Los Cabos operations late in the month. Available seats decreased 7.2%, while the load factor—the share of seats occupied—rose from 80.7% to 81.0%. Aguascalientes and Manzanillo posted September traffic growth.

Positive

• September load factor rose to 81.0% from 80.7% in September 2025.
• Guadalajara international traffic increased 10.0% in September and 6.7% in January–September, both year over year.
• Aguascalientes total traffic rose 5.1% in September and 1.0% in January–September, both year over year.

Negative

• Preliminary total traffic fell 7.3% to 4,081.9 thousand in September; January–September declined 4.2% year over year.
• September available seats decreased 7.2% year over year; GAP cited reduced capacity as the main traffic-decline driver.
• Hurricane Polo partially affected operations at Puerto Vallarta and Los Cabos late in September.
• Montego Bay total traffic fell 16.6% in September and 25.5% in January–September, both year over year.
• Puerto Vallarta total traffic fell 10.4% in September and 12.3% in January–September, both year over year.
• Tijuana total traffic fell 12.1% in September and 5.2% in January–September, both year over year.
• Los Cabos total traffic fell 7.5% in September and 5.6% in January–September, both year over year.
• Mexicali total traffic fell 23.9% in September and 12.9% in January–September, both year over year.
• Morelia total traffic fell 15.1% in September, although January–September increased 6.1% year over year.
• Guadalajara total traffic fell 0.9% in September, although January–September increased 4.2% year over year.
• Guanajuato total traffic fell 7.7% in September and 3.7% in January–September, both year over year.
• Hermosillo total traffic fell 5.8% in September and 5.5% in January–September, both year over year.
• Kingston total traffic fell 3.8% in September and 1.8% in January–September, both year over year.
• La Paz total traffic fell 5.3% in September, although January–September increased 9.9% year over year.
• Los Mochis total traffic fell 9.1% in September and 1.0% in January–September, both year over year.
• Manzanillo January–September total traffic fell 5.4%, although September increased 14.0% year over year.
• Tijuana CBX users fell 4.3% in January–September, although September increased 1.4% year over year.

Key Figures

Total terminal passengers: 4,081.9 thousand; down 7.3% Mexican airport passenger traffic: Down 6.7% Available seats: Down 7.2% +2 more

Total terminal passengers

4,081.9 thousand; down 7.3%

September 2026 vs. September 2025

Mexican airport passenger traffic

Down 6.7%

12 Mexican airports, September 2026 year over year

Available seats

Down 7.2%

September 2026 vs. September 2025

Load factor

81.0% vs. 80.7%

September 2026 vs. September 2025

Montego Bay passenger traffic

Down 16.6%

September 2026 vs. September 2025

Historical Context

2 past events · Latest: Sep 04

2 events

1. Sep 04

   Passenger traffic

   24h Move

   -1.3%

   August total passenger traffic rose 0.5% year over year to 5,449.9 thousand.

2. Aug 05

   Passenger traffic

   24h Move

   +2.1%

   July total terminal passenger traffic increased 1.2% year over year to 5.91 million.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

load factors

1 terms

load factors technical

"The load factors for the month went from 80.7% in September 2025 to 81.0% in September 2026."

Load factors measure how much of a company’s available capacity is actually being used, expressed as a percentage. Think of it like the share of seats filled on a bus or oven space in a bakery: higher load factor means more of the product or service is being sold relative to what could be offered. For investors, it signals operational efficiency and revenue potential—high load factors usually boost profit margins and lower per-unit costs, while low ones can warn of wasted capacity or weak demand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUADALAJARA, Mexico, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for September 2026, compared with September 2025.

During September 2026, GAP’s 12 Mexican airports recorded a 6.7% decrease in total passenger traffic compared to the same period of the previous year. Tijuana, Puerto Vallarta and Los Cabos airports recorded decreases of 12.1%, 10.4% and 7.5%, respectively.

The passenger traffic decrease during September was mainly due to a decline in seat capacity offered by the airlines, particularly in the domestic market. During the final days of the month, adverse weather conditions associated with Hurricane Polo affected the Mexican Pacific region and Baja California Sur, partially affected operations at Puerto Vallarta and Los Cabos airports. In the domestic market, the main routes that recorded declines were Puerto Vallarta–Tijuana, Puerto Vallarta–Monterrey, Los Cabos–Guadalajara, and Tijuana–Guadalajara. In the international market, the largest declines were recorded on routes from Los Cabos to Dallas-Fort Worth, Los Angeles and Phoenix, as well as on routes from Puerto Vallarta to San Francisco and Phoenix.

In Jamaica, passenger traffic at Montego Bay Airport decreased by 16.6%, while passenger traffic at Kingston Airport decreased by 3.8%, both compared to September 2025.

Domestic Terminal Passengers (in thousands):
Airport	Sep-25	Sep-26	% Change	Jan - Sep 25	Jan - Sep 26	% Change
Guadalajara	990.3	935.4	(5.6%)	9,295.2	9,583.0	3.1%
Tijuana*	675.4	559.4	(17.2%)	6,434.0	6,087.8	(5.4%)
Los Cabos	208.4	206.9	(0.7%)	2,170.7	2,145.5	(1.2%)
Puerto Vallarta	235.2	212.7	(9.6%)	2,354.6	2,267.6	(3.7%)
Montego Bay	0.0	0.0	0.0%	0.0	0.0	0.0%
Guanajuato	180.6	158.4	(12.3%)	1,668.3	1,617.9	(3.0%)
Hermosillo	164.3	153.8	(6.4%)	1,591.3	1,494.6	(6.1%)
Kingston	0.3	0.3	1.8%	1.0	1.3	27.9%
Morelia	61.1	46.9	(23.2%)	567.7	556.3	(2.0%)
La Paz	99.1	93.5	(5.6%)	955.9	1,044.1	9.2%
Mexicali	94.6	71.8	(24.1%)	929.2	808.4	(13.0%)
Aguascalientes	49.4	53.9	9.2%	483.2	487.7	0.9%
Los Mochis	53.7	48.6	(9.4%)	522.9	516.7	(1.2%)
Manzanillo	8.6	10.5	21.7%	97.6	98.6	1.0%
Total	2,821.1	2,552.1	(9.5%)	27,071.6	26,709.5	(1.3%)

International Terminal Passengers (in thousands):
Airport	Sep-25	Sep-26	% Change	Jan - Sep 25	Jan - Sep 26	% Change
Guadalajara	421.9	463.9	10.0%	4,396.2	4,689.8	6.7%
Tijuana*	268.7	270.7	0.8%	3,041.2	2,896.8	(4.7%)
Los Cabos	197.0	168.0	(14.7%)	3,500.5	3,205.7	(8.4%)
Puerto Vallarta	107.4	94.5	(12.0%)	2,819.9	2,272.6	(19.4%)
Montego Bay	285.6	238.3	(16.6%)	3,847.2	2,866.9	(25.5%)
Guanajuato	68.9	71.7	4.1%	782.1	741.2	(5.2%)
Hermosillo	6.0	6.6	10.1%	59.3	64.4	8.6%
Kingston	137.3	132.1	(3.8%)	1,409.7	1,384.8	(1.8%)
Morelia	55.8	52.3	(6.3%)	525.7	604.2	14.9%
La Paz	2.4	2.6	9.9%	25.5	34.0	33.5%
Mexicali	0.6	0.6	2.6%	5.5	5.8	4.0%
Aguascalientes	26.4	25.8	(2.5%)	245.7	248.1	1.0%
Los Mochis	0.6	0.7	19.3%	6.1	6.7	11.5%
Manzanillo	2.5	2.2	(12.4%)	72.4	62.1	(14.2%)
Total	1,581.0	1,529.8	(3.2%)	20,736.9	19,083.0	(8.0%)

Total Terminal Passengers (in thousands):
Airport	Sep-25	Sep-26	% Change	Jan - Sep 25	Jan - Sep 26	% Change
Guadalajara	1,412.2	1,399.3	(0.9%)	13,691.4	14,272.9	4.2%
Tijuana*	944.1	830.1	(12.1%)	9,475.2	8,984.6	(5.2%)
Los Cabos	405.5	374.9	(7.5%)	5,671.1	5,351.2	(5.6%)
Puerto Vallarta	342.6	307.1	(10.4%)	5,174.5	4,540.2	(12.3%)
Montego Bay	285.7	238.3	(16.6%)	3,847.2	2,866.9	(25.5%)
Guanajuato	249.4	230.1	(7.7%)	2,450.4	2,359.1	(3.7%)
Hermosillo	170.3	160.3	(5.8%)	1,650.5	1,559.0	(5.5%)
Kingston	137.6	132.4	(3.8%)	1,410.7	1,386.0	(1.8%)
Morelia	116.9	99.2	(15.1%)	1,093.4	1,160.5	6.1%
La Paz	101.5	96.1	(5.3%)	981.4	1,078.2	9.9%
Mexicali	95.1	72.4	(23.9%)	934.7	814.1	(12.9%)
Aguascalientes	75.8	79.7	5.1%	728.9	735.8	1.0%
Los Mochis	54.3	49.3	(9.1%)	529.0	523.5	(1.0%)
Manzanillo	11.1	12.7	14.0%	170.0	160.7	(5.4%)
Total	4,402.0	4,081.9	(7.3%)	47,808.5	45,792.6	(4.2%)

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX users (in thousands):
Airport	Sep-25	Sep-26	% Change	Jan - Sep 25	Jan - Sep 26	% Change
Tijuana	262.7	266.2	1.4%	2,984.0	2,856.4	(4.3%)

Highlights for the month:

• Seats and load factors
  The seats available during September 2026 decreased by 7.2%, compared to September 2025. The load factors for the month went from 80.7% in September 2025 to 81.0% in September 2026.
  
  

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 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

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.

Saúl Villarreal, Chief Financial Officer	svillarreal@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did PAC passenger traffic decline in September 2026?

Preliminary total terminal passenger traffic decreased 7.3% year over year to 4,081.9 thousand in September 2026. Domestic traffic fell 9.5%, and international traffic declined 3.2%. For January–September, total traffic decreased 4.2% to 45,792.6 thousand.

Which routes contributed to PAC's September 2026 passenger traffic declines?

The main domestic routes recording declines were Puerto Vallarta–Tijuana, Puerto Vallarta–Monterrey, Los Cabos–Guadalajara and Tijuana–Guadalajara. Internationally, the largest declines occurred on Los Cabos routes to Dallas-Fort Worth, Los Angeles and Phoenix, and Puerto Vallarta routes to San Francisco and Phoenix.

How does PAC classify Tijuana passengers using CBX?

Tijuana passengers who use CBX in both directions are classified as international passengers. September 2026 CBX users totaled 266.2 thousand, up 1.4% year over year; January–September users totaled 2,856.4 thousand, down 4.3%.