Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in May 2026 of 4.1% Compared to 2025
Rhea-AI Summary
Grupo Aeroportuario del Pacifico (NYSE:PAC) reported a 4.1% year-over-year decrease in total terminal passengers in May 2026 to 4.96 million. The 12 Mexican airports saw traffic fall 2.8%; Guadalajara grew 7.1%, while Puerto Vallarta, Tijuana and Los Cabos declined.
According to GAP, Jamaican traffic weakened, with Montego Bay down 19.1% and Kingston down 5.2%. For January–May 2026, total passengers fell 5.7% year over year to 25.44 million. Seats decreased 7.5%, while load factor improved from 81.1% to 84.1%.
Positive
- Guadalajara May 2026 passengers +7.1% YoY to 1.59 million
- Load factor improved to 84.1% from 81.1% year over year
- La Paz May 2026 total passengers +15.1% YoY to 126.8k
- Morelia May 2026 total passengers +8.4% YoY; Jan–May +11.0%
- Domestic Guadalajara passengers +6.1% YoY; international +9.3% YoY
- Several smaller airports (La Paz, Morelia, Los Mochis) posted YoY growth
Negative
- Total May 2026 passengers down 4.1% YoY to 4.96 million
- Jan–May 2026 passengers down 5.7% YoY to 25.44 million
- Mexican domestic passengers down 1.3% YoY; international down 8.2%
- Puerto Vallarta May 2026 traffic down 14.4% YoY
- Tijuana May 2026 traffic down 9.8% YoY; Jan–May down 8.1%
- Montego Bay May 2026 traffic down 19.1% YoY; Jan–May down 27.3%
- Seats available in May 2026 decreased 7.5% year over year
- CBX users in May 2026 down 11.0% YoY to 293.5k
News Market Reaction – PAC
On the day this news was published, PAC declined 1.92%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | CBX acquisition completion | Positive | +0.7% | Finalized CBX merger, reaching 100% ownership via new share issuance. |
| May 05 | Traffic update April | Negative | -1.1% | Reported 7.6% April passenger decline with broad international softness. |
| May 04 | Spirit shutdown impact | Positive | +2.4% | Clarified minimal financial exposure to Spirit Airlines’ cessation. |
| Apr 23 | AGM resolutions | Positive | +2.4% | Approved dividend, large retained earnings balance, and buyback program. |
| Apr 20 | 1Q26 earnings | Positive | +3.1% | Reported revenue and income growth with strong cash and bond issuance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including weaker traffic prints and corporate actions, has generally seen PAC’s share price react in the same direction as the news tone, with no recorded divergences in the last five events.
Over recent months, PAC combined corporate actions and operating updates. It completed the CBX business combination on May 7, 2026, issuing 89,740,731 new shares and reaching 100% CBX ownership. Traffic data have been softer, with April 2026 passengers down 7.6% year over year and the current release showing a 4.1% decline for May. Despite this, 1Q26 results on April 20, 2026 showed revenue up 2.8% and comprehensive income up 19.6%, and shareholders approved a dividend and buyback program in April.
Key Terms
load factors technical
forward-looking statements regulatory
dividends financial
whistleblower regulatory
Sarbanes-Oxley Act regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
GUADALAJARA, Mexico, June 05, 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 May 2026, compared with May 2025.
During May 2026, the 12 Mexican airports operated by GAP recorded a
| Domestic Terminal Passengers (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Guadalajara | 1,023.4 | 1,085.9 | 5,112.0 | 5,187.7 | ||
| Tijuana* | 730.5 | 664.5 | ( | 3,536.6 | 3,304.7 | ( |
| Los Cabos | 245.0 | 247.0 | 1,168.5 | 1,116.2 | ( | |
| Puerto Vallarta | 278.2 | 266.7 | ( | 1,210.2 | 1,166.5 | ( |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 194.1 | 181.3 | ( | 903.7 | 871.3 | ( |
| Hermosillo | 184.5 | 179.1 | ( | 877.6 | 825.7 | ( |
| Kingston | 0.0 | 0.1 | 0.1 | 0.8 | ||
| Morelia | 59.4 | 55.6 | ( | 305.6 | 306.9 | |
| La Paz | 107.0 | 122.0 | 499.4 | 559.1 | ||
| Mexicali | 103.6 | 86.9 | ( | 501.8 | 437.1 | ( |
| Aguascalientes | 60.7 | 53.6 | ( | 265.8 | 247.7 | ( |
| Los Mochis | 58.1 | 61.5 | 289.6 | 285.5 | ( | |
| Manzanillo | 10.3 | 10.0 | ( | 55.8 | 52.8 | ( |
| Total | 3,054.6 | 3,014.2 | (1.3%) | 14,726.7 | 14,361.9 | (2.5%) |
| International Terminal Passengers (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Guadalajara | 457.5 | 499.9 | 2,417.4 | 2,459.2 | ||
| Tijuana* | 336.6 | 297.9 | ( | 1,702.5 | 1,508.3 | ( |
| Los Cabos | 367.3 | 328.8 | ( | 2,193.2 | 2,101.6 | ( |
| Puerto Vallarta | 236.1 | 173.5 | ( | 2,084.3 | 1,740.0 | ( |
| Montego Bay | 395.4 | 320.1 | ( | 2,164.8 | 1,573.0 | ( |
| Guanajuato | 80.3 | 71.9 | ( | 427.7 | 402.0 | ( |
| Hermosillo | 6.7 | 7.7 | 33.7 | 36.6 | ||
| Kingston | 146.3 | 138.7 | ( | 729.3 | 699.2 | ( |
| Morelia | 49.7 | 62.6 | 279.9 | 343.3 | ||
| La Paz | 3.1 | 4.7 | 14.8 | 21.9 | ||
| Mexicali | 0.5 | 0.7 | 2.9 | 3.0 | ||
| Aguascalientes | 28.7 | 29.0 | 129.8 | 135.7 | ||
| Los Mochis | 0.7 | 0.7 | 3.2 | 3.3 | ||
| Manzanillo | 5.1 | 4.7 | ( | 58.7 | 49.3 | ( |
| Total | 2,113.9 | 1,940.9 | (8.2%) | 12,242.2 | 11,076.4 | (9.5%) |
| Total Terminal Passengers (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Guadalajara | 1,480.8 | 1,585.8 | 7,529.4 | 7,646.9 | ||
| Tijuana* | 1,067.1 | 962.4 | ( | 5,239.2 | 4,813.0 | ( |
| Los Cabos | 612.3 | 575.8 | ( | 3,361.7 | 3,217.8 | ( |
| Puerto Vallarta | 514.3 | 440.2 | ( | 3,294.5 | 2,906.5 | ( |
| Montego Bay | 395.4 | 320.1 | ( | 2,164.8 | 1,573.0 | ( |
| Guanajuato | 274.4 | 253.3 | ( | 1,331.4 | 1,273.3 | ( |
| Hermosillo | 191.2 | 186.8 | ( | 911.3 | 862.3 | ( |
| Kingston | 146.4 | 138.8 | ( | 729.5 | 700.0 | ( |
| Morelia | 109.0 | 118.2 | 585.5 | 650.2 | ||
| La Paz | 110.1 | 126.8 | 514.2 | 581.0 | ||
| Mexicali | 104.1 | 87.6 | ( | 504.6 | 440.2 | ( |
| Aguascalientes | 89.3 | 82.6 | ( | 395.6 | 383.4 | ( |
| Los Mochis | 58.7 | 62.1 | 292.8 | 288.8 | ( | |
| Manzanillo | 15.4 | 14.8 | ( | 114.5 | 102.1 | ( |
| Total | 5,168.5 | 4,955.2 | (4.1%) | 26,968.8 | 25,438.4 | (5.7%) |
*Passengers in Tijuana who use CBX in both directions are classified as international.
| CBX users (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Tijuana | 329.8 | 293.5 | ( | 1,673.0 | 1,489.2 | ( |
Highlights for the month:
- Seats and load factors
The seats available during May 2026 decreased by7.5% , compared to May 2025. The load factors for the month went from81.1% in May 2025 to84.1% in May 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
| 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 |
