Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in October 2026 of 7.0% Compared to 2025

Available seats fell 7.3% year over year, while the share of seats filled increased from 80.7% to 81.0%.

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported preliminary October 2026 terminal passenger traffic down 7.0% compared with October 2025. Total traffic reached 4,531.4 thousand passengers, while January–October traffic fell 4.5% to 50,324.0 thousand. October domestic traffic declined 11.2%, and international traffic slipped 0.1%.

The 12 Mexican airports recorded a 7.6% decline. Puerto Vallarta traffic fell 19.8%, Tijuana 14.4%, Los Cabos 4.6% and Guadalajara 1.3%. In Jamaica, Kingston grew 3.7%, while Montego Bay declined 0.9%. Available seats decreased 7.3% year over year, but the load factor—the share of available seats filled—rose from 80.7% to 81.0%. New routes connected Guanajuato with Vancouver, Guadalajara with five U.S. destinations, and Los Cabos with Washington Dulles.

11 points · 0 major

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Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 12 points

How the balance works

Positive

• Minor pointOctober load factor increased to 81.0% from 80.7% in October 2025.
• Minor pointGuadalajara January–October passenger traffic increased 3.7% year over year.
• Minor pointLa Paz January–October passenger traffic increased 8.7% year over year.
• Minor pointMorelia January–October passenger traffic increased 5.2% year over year.
• Minor pointKingston October passenger traffic rose 3.7%, although January–October traffic declined 1.3% year over year.

6 minor points

• Minor pointAguascalientes passenger traffic grew 4.4% in October and 1.3% in January–October year over year.
• Minor pointManzanillo October passenger traffic rose 7.5%, although January–October traffic declined 4.5% year over year.
• Minor pointLos Mochis October passenger traffic rose 1.4%, although January–October traffic declined 0.8% year over year.
• Minor pointNew routes added Guanajuato–Vancouver service with Flair.
• Minor pointNew Volaris routes linked Guadalajara with Atlanta, Boston, Nashville, Washington Dulles and Raleigh-Durham.
• Minor pointNew United service connected Los Cabos–Washington Dulles.

Negative

• Moderate pointPreliminary total passenger traffic declined 7.0% in October and 4.5% in January–October year over year.
• Moderate pointAvailable seats decreased 7.3% in October 2026 compared with October 2025.
• Minor pointPuerto Vallarta passenger traffic fell 19.8% in October and 12.9% in January–October year over year.
• Minor pointTijuana passenger traffic fell 14.4% in October and 6.1% in January–October year over year.
• Minor pointLos Cabos passenger traffic fell 4.6% in October and 5.5% in January–October year over year.

7 minor points

• Minor pointGuadalajara October passenger traffic declined 1.3% year over year.
• Minor pointMontego Bay passenger traffic declined 0.9% in October and 23.9% in January–October year over year.
• Minor pointMexicali passenger traffic declined 27.4% in October and 14.4% in January–October year over year.
• Minor pointGuanajuato passenger traffic declined 8.7% in October and 4.2% in January–October year over year.
• Minor pointHermosillo passenger traffic declined 6.7% in October and 5.7% in January–October year over year.
• Minor pointMorelia October passenger traffic declined 3.2% year over year.
• Minor pointLa Paz October passenger traffic declined 2.1% year over year.

Key Figures

Total terminal passengers: 4,531.4 thousand (-7.0%) Domestic passengers: 2,673.6 thousand (-11.2%) International passengers: 1,857.9 thousand (-0.1%) +3 more

Total terminal passengers

4,531.4 thousand (-7.0%)

October 2026 vs. October 2025

Domestic passengers

2,673.6 thousand (-11.2%)

October 2026 vs. October 2025

International passengers

1,857.9 thousand (-0.1%)

October 2026 vs. October 2025

Year-to-date terminal passengers

50,324.0 thousand (-4.5%)

January–October 2026 vs. January–October 2025

Available seats

-7.3%

October 2026 vs. October 2025

Load factor

81.0% (vs. 80.7%)

October 2026 vs. October 2025

Historical Context

2 past events · Latest: Oct 06

2 events

1. Oct 06

   Passenger traffic report

   24h Move

   -3.7%

   Reported a 7.3% September traffic decline, with available seats down 7.2% and load factor higher.

2. Sep 04

   Passenger traffic report

   24h Move

   -1.3%

   Reported 0.5% August traffic growth, with domestic traffic up and international traffic down.

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

Key Terms

load factor

1 terms

load factor technical

"The load factors for the month went from 80.7% in October 2025 to 81.0%"

Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

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

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GUADALAJARA, Mexico, Nov. 09, 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 October 2026, compared with October 2025.

During October 2026, GAP’s 12 Mexican airports recorded a 7.6% decrease in total passenger traffic compared to the same period of the previous year. Puerto Vallarta, Tijuana, Los Cabos, and Guadalajara airports recorded decreases of 19.8%, 14.4%, 4.6%, and 1.3%, respectively. In Jamaica, passenger traffic at Kingston Airport increased by 3.7%, while passenger traffic at Montego Bay Airport decreased by 0.9%.

Domestic Terminal Passengers (in thousands):

Airport	Oct-25	Oct-26	% Change		Jan - Oct 25	Jan - Oct 26	% Change
Guadalajara	1,090.7	999.7	(8.3	%)	10,385.8	10,582.7	1.9	%
Tijuana*	696.0	577.2	(17.1	%)	7,130.0	6,664.9	(6.5	%)
Los Cabos	216.2	210.6	(2.6	%)	2,386.9	2,356.1	(1.3	%)
Puerto Vallarta	243.8	196.5	(19.4	%)	2,598.4	2,464.1	(5.2	%)
Montego Bay	0.0	0.0	N/A		0.0	0.0	(100.0	%)
Guanajuato	184.5	158.3	(14.2	%)	1,852.7	1,776.3	(4.1	%)
Hermosillo	178.7	165.8	(7.2	%)	1,770.0	1,660.4	(6.2	%)
Kingston	0.1	0.0	(84.9	%)	1.1	1.3	18.1	%
Morelia	65.4	54.5	(16.7	%)	633.1	610.8	(3.5	%)
La Paz	107.4	104.7	(2.6	%)	1,063.3	1,148.8	8.0	%
Mexicali	107.4	77.7	(27.6	%)	1,036.5	886.1	(14.5	%)
Aguascalientes	54.2	58.3	7.6	%	537.4	546.1	1.6	%
Los Mochis	57.7	58.3	1.1	%	580.6	575.0	(1.0	%)
Manzanillo	10.2	11.9	16.6	%	107.8	110.5	2.5	%
Total	3,012.2	2,673.6	(11.2	%)	30,083.7	29,383.1	(2.3	%)

International Terminal Passengers (in thousands):

Airport	Oct-25	Oct-26	% Change		Jan - Oct 25	Jan - Oct 26	% Change
Guadalajara	466.2	536.3	15.1	%	4,862.4	5,226.2	7.5	%
Tijuana*	303.6	278.3	(8.3	%)	3,344.8	3,175.1	(5.1	%)
Los Cabos	329.7	310.3	(5.9	%)	3,830.2	3,516.0	(8.2	%)
Puerto Vallarta	197.7	157.5	(20.3	%)	3,017.5	2,430.0	(19.5	%)
Montego Bay	259.8	257.6	(0.9	%)	4,107.1	3,124.5	(23.9	%)
Guanajuato	76.9	80.3	4.5	%	859.0	821.5	(4.4	%)
Hermosillo	7.3	7.6	4.4	%	66.5	72.0	8.2	%
Kingston	122.0	126.7	3.8	%	1,531.8	1,511.4	(1.3	%)
Morelia	61.1	68.0	11.3	%	586.8	672.2	14.5	%
La Paz	2.9	3.3	15.0	%	28.4	37.3	31.6	%
Mexicali	0.6	0.7	10.2	%	6.1	6.4	4.6	%
Aguascalientes	27.9	27.5	(1.7	%)	273.6	275.6	0.7	%
Los Mochis	0.6	0.8	30.4	%	6.7	7.6	13.3	%
Manzanillo	3.6	3.0	(17.9	%)	76.0	65.1	(14.4	%)
Total	1,860.0	1,857.9	(0.1	%)	22,596.9	20,940.9	(7.3	%)

Total Terminal Passengers (in thousands):

Airport	Oct-25	Oct-26	% Change		Jan - Oct 25	Jan - Oct 26	% Change
Guadalajara	1,556.8	1,536.0	(1.3	%)	15,248.2	15,808.9	3.7	%
Tijuana*	999.6	855.5	(14.4	%)	10,474.8	9,840.1	(6.1	%)
Los Cabos	546.0	520.9	(4.6	%)	6,217.1	5,872.1	(5.5	%)
Puerto Vallarta	441.4	354.0	(19.8	%)	5,615.9	4,894.2	(12.9	%)
Montego Bay	259.8	257.6	(0.9	%)	4,107.1	3,124.5	(23.9	%)
Guanajuato	261.3	238.6	(8.7	%)	2,711.7	2,597.8	(4.2	%)
Hermosillo	186.0	173.4	(6.7	%)	1,836.5	1,732.4	(5.7	%)
Kingston	122.1	126.7	3.7	%	1,532.8	1,512.7	(1.3	%)
Morelia	126.5	122.5	(3.2	%)	1,220.0	1,283.0	5.2	%
La Paz	110.3	108.0	(2.1	%)	1,091.7	1,186.1	8.7	%
Mexicali	108.0	78.4	(27.4	%)	1,042.7	892.5	(14.4	%)
Aguascalientes	82.1	85.8	4.4	%	811.0	821.6	1.3	%
Los Mochis	58.3	59.1	1.4	%	587.3	582.6	(0.8	%)
Manzanillo	13.8	14.8	7.5	%	183.8	175.6	(4.5	%)
Total	4,872.2	4,531.4	(7.0	%)	52,680.7	50,324.0	(4.5	%)

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

CBX users (in thousands):

Airport	Oct-25	Oct-26	% Change		Jan - Oct 25	Jan - Oct 26	% Change
Tijuana	297.9	274.0	(8.0	%)	3,281.8	3,130.4	(4.6	%)

Highlights for the month:

• Seats and load factors
  
  

The seats available during October 2026 decreased by 7.3%, compared to October 2025. The load factors for the month went from 80.7% in October 2025 to 81.0% in October 2026.

• New routes
  • Guanajuato – Vancouver: Flair
  • Guadalajara – Atlanta: Volaris
  • Guadalajara – Boston: Volaris
  • Guadalajara – Nashville: Volaris
  • Guadalajara – Washington Dulles: Volaris
  • Guadalajara – Raleigh-Durham: Volaris
  • Los Cabos – Washington Dulles: United
    
    

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 Grupo Aeroportuario del Pacífico passenger traffic fall in October 2026?

Preliminary total terminal passenger traffic fell 7.0% from October 2025 to 4,531.4 thousand passengers. Domestic traffic decreased 11.2%, while international traffic declined 0.1%. Across the 12 Mexican airports, total passenger traffic fell 7.6%.

How did PAC passenger traffic perform in January–October 2026?

Total terminal passenger traffic declined 4.5% year over year to 50,324.0 thousand passengers in January–October 2026. Domestic traffic fell 2.3%, and international traffic decreased 7.3%.

How does Grupo Aeroportuario del Pacífico classify Tijuana passengers using CBX?

Tijuana passengers who use CBX in both directions are classified as international passengers. CBX users totaled 274.0 thousand in October 2026, down 8.0% year over year, and 3,130.4 thousand in January–October, down 4.6%.