Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Increase in December 2025 of 0.1% Compared to 2024

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (NYSE: PAC) reported preliminary December 2025 terminal passenger traffic of 5,874.0 thousand, a 0.1% increase vs December 2024 and 63,685.7 thousand for Jan–Dec 2025, a 2.5% rise vs 2024.

Key monthly moves: Guadalajara +9.2%, Puerto Vallarta +4.0%, Tijuana -2.7%, Los Cabos -1.2%, and Montego Bay -43.8% (Hurricane Melissa impact). Seats available rose 10.6% while load factor fell from 85.5% to 77.4%. Several new international routes were announced for Guadalajara, Puerto Vallarta, Los Cabos and Montego Bay.

Positive

• Seats available +10.6% in Dec 2025
• Mexicali total passengers +21.4% Dec 2025
• Morelia total passengers +21.6% Dec 2025
• Jan–Dec Mexicali +23.0% year
• Jan–Dec total passengers 63,685.7 thousand (+2.5%)

Negative

• Load factor fell 85.5% to 77.4% (−8.1 percentage points)
• Montego Bay total −43.8% Dec 2025 (Hurricane Melissa disruption)
• Montego Bay Jan–Dec −11.6% year

News Market Reaction

+1.00%

1 alert

+1.00% News Effect

On the day this news was published, PAC gained 1.00%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total passengers Dec: 5,874.0k Traffic growth Dec: 0.1% YTD passengers 2025: 63,685.7k +5 more

8 metrics

Total passengers Dec 5,874.0k Total terminal passengers Dec-2025 vs Dec-2024

Traffic growth Dec 0.1% YoY change in total terminal passengers, Dec-2025 vs Dec-2024

YTD passengers 2025 63,685.7k Jan–Dec 2025 total terminal passengers, +2.5% YoY

Mexican airports growth 4.2% YoY total passenger traffic for 12 Mexican airports in Dec-2025

Montego Bay decline 43.8% YoY decrease in Montego Bay total Dec-2025 passengers due to Hurricane Melissa

Seats available 10.6% Increase in seats available in Dec-2025 vs Dec-2024

Load factor 2024 85.5% System-wide load factor in December 2024

Load factor 2025 77.4% System-wide load factor in December 2025

Market Reality Check

Price: $274.91 Vol: Volume 48,188 is about 0....

low vol

$274.91 Last Close

Volume Volume 48,188 is about 0.49x the 20-day average of 98,311, indicating subdued trading before this release. low

Technical Price 265.22 is trading above the 200-day MA at 227.46, reflecting a longer-term uptrend into the print.

Peers on Argus

PAC’s modest gain of 0.21% came alongside mixed moves in airport peers: ASR -0.5...

PAC’s modest gain of 0.21% came alongside mixed moves in airport peers: ASR -0.5%, CAAP -2.76%, while broader industrial peers like JOBY +2.77% and BAH +0.87% traded higher. This points to a stock-specific reaction rather than a broad airports move.

Common Catalyst Mexican airport operators reported December 2025 traffic (PAC and ASR both issued monthly passenger updates).

Historical Context

5 past events · Latest: Dec 11 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 11	Business combination	Positive	+6.6%	Shareholders approved CBX and related business combination with high vote support.
Dec 04	Traffic update	Negative	-0.6%	November 2025 total passengers fell 2.0% with sharp Montego Bay decline.
Nov 07	Traffic update	Negative	-0.8%	October 2025 total passengers dipped 0.8% and international traffic weakened.
Oct 31	Hurricane operations	Positive	+2.4%	Montego Bay airport resumed limited operations after Hurricane Melissa disruption.
Oct 29	Hurricane impact	Negative	-3.3%	Update on Jamaica airports’ damage and partial suspension after Hurricane Melissa.

Pattern Detected

Recent news shows price generally moving in the same direction as the apparent news tone, including traffic declines and hurricane updates where reactions have matched the operational impact.

Recent Company History

Over the last few months, GAP has combined corporate actions, traffic updates, and hurricane-related disclosures. On Dec 11, 2025, shareholders approved the CBX and technical services business combination with plans to issue about 90 million new shares, and the stock rose 6.61%. October–November 2025 traffic reports highlighted slight total passenger declines and weaker international volumes tied to Hurricane Melissa. Separate updates on Oct 29–31, 2025 detailed operational suspensions and staged resumptions in Jamaica. Against this backdrop, December 2025’s slight 0.1% total traffic increase suggests stabilization after weather-driven disruptions.

Market Pulse Summary

This announcement details December 2025 traffic, showing total passengers up 0.1% year over year and...

Analysis

This announcement details December 2025 traffic, showing total passengers up 0.1% year over year and full‑year volumes rising 2.5% to 63,685.7k. Mexican airports grew 4.2%, while Montego Bay traffic fell 43.8% due to Hurricane Melissa. Capacity expanded, with seats up 10.6%, but load factor declined from 85.5% to 77.4%. Investors may track whether Caribbean volumes normalize, how new routes ramp, and if load factors stabilize as capacity and demand rebalance.

Key Terms

terminal passenger traffic, load factors, forward-looking statements, whistleblower, +1 more

5 terms

terminal passenger traffic technical

"announces preliminary terminal passenger traffic figures for December 2025, compared"

Terminal passenger traffic is the number of people who pass through an airport terminal during a set period, including those arriving, departing, and connecting. Investors watch it like foot traffic in a shopping center: higher passenger counts typically increase airlines’ ticket sales, airport fees and retail income, while changes in the trend signal shifts in travel demand, capacity pressure, or recovery from disruptions.

load factors technical

"The load factors for the month went from 85.5% in December 2024 to 77.4%"

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.

forward-looking statements regulatory

"This press release may contain forward-looking statements. These statements are statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

whistleblower regulatory

"has implemented a “whistleblower” program, which allows complainants to anonymously"

A whistleblower is an employee, contractor, or insider who alerts regulators, investors, or the public about illegal, unethical, or dangerous practices within an organization — like someone sounding an alarm in a crowded room. Their disclosures matter to investors because they can reveal hidden risks, trigger investigations, fines, or legal claims, and rapidly change a company’s reputation and stock value. Whistleblowers may receive legal protections and, in some cases, financial rewards.

dividends financial

"Statements regarding the declaration or payment of dividends, the implementation of"

Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.

AI-generated analysis. Not financial advice.

GUADALAJARA, Mexico, Jan. 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 December 2025, compared with December 2024.

During December 2025, the 12 Mexican airports operated by GAP recorded a 4.2% increase in total passenger traffic compared to December 2024. The Guadalajara and Puerto Vallarta airports reported growth of 9.2% and 4.0%, respectively. In contrast, Tijuana and Los Cabos airports reported a decrease of 2.7% and 1.2%, respectively.

With respect to GAP’s airports in Jamaica, Montego Bay and Kingston recorded decreases of 43.8% and 2.9%, respectively, as a result of disruptions caused by Hurricane Melissa.

Domestic Terminal Passengers (in thousands):
Airport	Dec-24	Dec-25	% Change		Jan - Dec 24	Jan - Dec 25	% Change
Guadalajara	1,083.7	1,214.3	12.0	%	11,939.5	12,727.9	6.6	%
Tijuana*	714.6	716.6	0.3	%	8,431.6	8,556.0	1.5	%
Los Cabos	251.4	238.1	(5.3	%)	2,830.4	2,841.6	0.4	%
Puerto Vallarta	248.5	268.0	7.9	%	2,841.9	3,123.4	9.9	%
Montego Bay	0.1	0.0	(100.0	%)	0.1	0.0	(61.3	%)
Guanajuato	190.7	194.9	2.2	%	2,116.6	2,241.5	5.9	%
Hermosillo	190.7	179.6	(5.8	%)	2,074.3	2,121.2	2.3	%
Kingston	0.4	0.1	(87.7	%)	2.9	1.2	(57.7	%)
Morelia	65.4	76.6	17.1	%	645.9	777.3	20.4	%
La Paz	108.6	120.0	10.5	%	1,191.9	1,300.0	9.1	%
Mexicali	104.0	126.2	21.4	%	1,026.9	1,264.5	23.1	%
Aguascalientes	56.6	52.2	(7.9	%)	636.1	649.6	2.1	%
Los Mochis	57.8	65.2	12.8	%	577.4	705.7	22.2	%
Manzanillo	12.2	12.8	5.4	%	128.3	134.7	5.0	%
Total	3,084.7	3,264.5	5.8	%	34,443.8	36,444.7	5.8	%
International Terminal Passengers (in thousands):
Airport	Dec-24	Dec-25	% Change		Jan - Dec 24	Jan - Dec 25	% Change
Guadalajara	606.9	632.6	4.2	%	5,909.1	5,968.7	1.0	%
Tijuana*	422.3	389.4	(7.8	%)	4,114.1	4,094.0	(0.5	%)
Los Cabos	443.0	447.6	1.0	%	4,657.7	4,688.3	0.7	%
Puerto Vallarta	437.0	444.9	1.8	%	3,961.6	3,824.3	(3.5	%)
Montego Bay	467.4	262.6	(43.8	%)	5,057.0	4,469.0	(11.6	%)
Guanajuato	109.5	117.5	7.4	%	1,052.4	1,059.9	0.7	%
Hermosillo	6.9	8.7	27.3	%	82.5	81.9	(0.8	%)
Kingston	177.1	172.2	(2.7	%)	1,774.3	1,840.0	3.7	%
Morelia	66.6	84.0	26.1	%	658.8	730.7	10.9	%
La Paz	2.2	4.5	102.3	%	14.1	37.6	166.5	%
Mexicali	0.6	0.8	21.6	%	7.3	7.6	4.6	%
Aguascalientes	29.9	32.2	7.6	%	325.7	334.5	2.7	%
Los Mochis	0.6	0.5	(11.3	%)	7.8	7.9	0.0	%
Manzanillo	12.3	12.0	(2.7	%)	90.1	96.5	7.1	%
Total	2,782.3	2,609.6	(6.2	%)	27,712.5	27,241.0	(1.7	%)
Total Terminal Passengers (in thousands):
Airport	Dec-24	Dec-25	% Change		Jan - Dec 24	Jan - Dec 25	% Change
Guadalajara	1,690.6	1,846.9	9.2	%	17,848.7	18,696.6	4.8	%
Tijuana*	1,136.9	1,106.0	(2.7	%)	12,545.8	12,650.0	0.8	%
Los Cabos	694.4	685.7	(1.2	%)	7,488.1	7,529.9	0.6	%
Puerto Vallarta	685.5	712.9	4.0	%	6,803.5	6,947.7	2.1	%
Montego Bay	467.5	262.6	(43.8	%)	5,057.1	4,469.1	(11.6	%)
Guanajuato	300.1	312.4	4.1	%	3,169.0	3,301.5	4.2	%
Hermosillo	197.6	188.3	(4.7	%)	2,156.7	2,203.1	2.1	%
Kingston	177.5	172.3	(2.9	%)	1,777.2	1,841.2	3.6	%
Morelia	132.0	160.6	21.6	%	1,304.6	1,508.1	15.6	%
La Paz	110.8	124.5	12.4	%	1,206.0	1,337.6	10.9	%
Mexicali	104.6	127.0	21.4	%	1,034.1	1,272.1	23.0	%
Aguascalientes	86.5	84.3	(2.5	%)	961.8	984.1	2.3	%
Los Mochis	58.4	65.7	12.6	%	585.2	713.6	21.9	%
Manzanillo	24.5	24.8	1.3	%	218.4	231.2	5.9	%
Total	5,867.0	5,874.0	0.1	%	62,156.3	63,685.7	2.5	%
CBX users (in thousands):
Airport	Dec-24	Dec-25	% Change		Jan - Dec 24	Jan - Dec 25	% Change
Tijuana	414.3	383.1	(7.5	%)	4,048.6	4,018.1	(0.8	%)

Highlights for the month:

• Seats and load factors
  The seats available during December 2025 increased by 10.6%, compared to December 2024. The load factors for the month went from 85.5% in December 2024 to 77.4% in December 2025.

• New routes
  • Guadalajara – Calgary: WestJet
  • Guadalajara – Montreal: Air Transat
  • Guadalajara – Seattle: Aeromexico
  • Puerto Vallarta – Ottawa: Porter
  • Puerto Vallarta – Hamilton: Porter
  • Puerto Vallarta – Atlanta: Frontier
  • Los Cabos – Panama City: Copa Airlines
  • Los Cabos – Austin: Delta
  • Los Cabos – Atlanta: Frontier
  • Los Cabos – Las Vegas: Frontier
  • Montego Bay – Quebec: WestJet
  • Montego Bay – Toronto: Flair
  • Montego Bay – Bogota: Wingo
    

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 Concessioner 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.

Alejandra Soto Investor Relations and Social Responsibility Officer Gisela Murillo, Investor Relations

asoto@aeropuertosgap.com.mx gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294

FAQ

What were Grupo Aeroportuario del Pacífico (PAC) total terminal passengers in December 2025?

Total terminal passengers were 5,874.0 thousand in December 2025, a 0.1% increase versus December 2024.

How did PAC's load factor change in December 2025 compared to December 2024?

Load factor declined from 85.5% in Dec 2024 to 77.4% in Dec 2025 (an 8.1 percentage-point drop).

Which GAP airport had the largest December 2025 passenger decline and why?

Montego Bay recorded the largest decline at −43.8% in Dec 2025, attributed to disruptions from Hurricane Melissa.

What notable passenger gains did PAC report for December 2025?

Notable gains included Mexicali +21.4% and Morelia +21.6% in total passengers for Dec 2025.

Did GAP add new routes in December 2025 and which airports gained routes?

Yes; new international routes were announced for Guadalajara, Puerto Vallarta, Los Cabos and Montego Bay with carriers including WestJet, Aeromexico, Porter, Frontier, Copa, Delta and others.

What was PAC's total passenger count for Jan–Dec 2025?

Jan–Dec 2025 total terminal passengers were 63,685.7 thousand, representing a 2.5% increase versus 2024.