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Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in June 2026 of 5.1% Compared to 2025

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Grupo Aeroportuario del Pacifico (NYSE:PAC) reported a 5.1% YoY decline in total passenger traffic for June 2026 to 4.92 million, and a 5.6% drop for Jan–Jun to 30.35 million. Mexican airports fell 3.5% in June, while international passengers decreased 9.1%.

Guadalajara grew 6.0%, but Puerto Vallarta, Los Cabos, Tijuana and Montego Bay posted double- or high-single-digit declines. Available seats decreased 4.9%, with load factor slightly lower at 82.0% versus 82.2%. GAP also launched multiple new domestic and international routes across its network.

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Positive

  • Guadalajara June 2026 total passengers up 6.0% YoY to 1.57M
  • Morelia June 2026 total passengers up 17.5% YoY; YTD up 12.0%
  • La Paz YTD 2026 total passengers up 11.3% to 696.8K
  • Multiple new routes launched in Aguascalientes, Guadalajara, Puerto Vallarta, Los Cabos, Tijuana and Montego Bay

Negative

  • Total system June 2026 passengers down 5.1% YoY to 4.92M
  • YTD 2026 total passengers down 5.6% YoY to 30.35M
  • International June passengers down 9.1% YoY; YTD down 9.5%
  • Montego Bay June passengers down 23.4% YoY; YTD down 26.7%
  • Puerto Vallarta June passengers down 18.7% YoY; YTD down 12.7%
  • Available seats in June 2026 decreased 4.9% versus June 2025

News Market Reaction – PAC

-6.78%
11 alerts
-6.78% Session close to close
-3.2% Trough in 6 hr 9 min
$15.10B Market Cap
0.9x Rel. Volume

In the Jul 7 session, PAC declined 6.78%, reflecting a notable negative market reaction. Argus tracked a trough of -3.2% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.8% in the session following this news. A sharp decline would be consistent with o...
Analysis

The stock moved -6.8% in the session following this news. A sharp decline would be consistent with ongoing volume softness, including a 5.1% June and 5.6% YTD passenger drop plus steep Jamaican weakness. With short interest relatively low, selling pressure would likely reflect fundamentals rather than forced covering.

Key Figures

Total passengers YoY change: -5.1% Mexico traffic YoY change: -3.5% Guadalajara traffic YoY: 6.0% +5 more
8 metrics
Total passengers YoY change -5.1% June 2026 vs June 2025 total terminal passengers across all airports
Mexico traffic YoY change -3.5% June 2026 vs June 2025 for 12 Mexican airports
Guadalajara traffic YoY 6.0% June 2026 vs June 2025 total passengers at Guadalajara airport
Montego Bay traffic YoY -23.4% June 2026 vs June 2025 total passengers at Montego Bay airport
Seats available change -4.9% Seats offered in June 2026 vs June 2025
Load factor June 2026 82.0% June 2026 load factor vs 82.2% in June 2025
YTD passengers change -5.6% Jan–Jun 2026 vs Jan–Jun 2025 total terminal passengers
CBX users change -6.6% Tijuana CBX users June 2026 vs June 2025

Historical Context

5 past events · Latest: Jun 23 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 23 CBX stake acquisition Positive -1.9% GAP acquired Equity Group Investments’ stake in Cross Border Xpress.
Jun 08 Sustainability report Neutral +0.5% Publication of 2025 Sustainability Report covering ESG performance.
Jun 05 May 2026 traffic Negative -1.9% Reported 4.1% year-over-year decline in May 2026 passenger traffic.
May 07 CBX merger completion Neutral +0.7% Completed CBX business combination and reached 100% ownership with new shares.
May 05 Apr 2026 traffic Negative -1.1% Announced 7.6% decline in April 2026 total terminal passengers.

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

Pattern Detected

Recent traffic-decline updates have generally coincided with mild share price declines, while corporate actions and ESG disclosures have seen neutral-to-positive reactions.

Key Terms

load factors, forward-looking statements, sarbanes-oxley act, whistleblower
4 terms
load factors technical
"The load factors for the month went from 82.2% in June 2025 to 82.0%"
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."
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.
sarbanes-oxley act regulatory
"In accordance with Section 806 of the Sarbanes-Oxley Act of 2002"
A federal law that requires publicly traded companies to follow strict procedures for keeping accurate financial records, performing internal checks, and keeping auditors independent so financial statements can be trusted. It matters to investors because it lowers the chance of fraud or misleading reports—like adding an extra set of locks and routine inspections to a safe—making it easier to judge a company's true financial health and investment risk.
whistleblower regulatory
"GAP has implemented a “whistleblower” program, which allows complainants"
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.

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

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GUADALAJARA, Mexico, July 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 June 2026, compared with June 2025.

During June 2026, the 12 Mexican airports operated by GAP recorded a 3.5% decrease in total passenger traffic compared to June 2025. Guadalajara airport reported an increase of 6.0%, while Puerto Vallarta, Los Cabos and Tijuana reported a decrease of 18.7%, 9.7%, and 4.6%, respectively, compared to June 2025. With respect to GAP’s airports in Jamaica, Montego Bay recorded a decrease of 23.4%, while Kingston recorded a decrease of 0.8%.

Domestic Terminal Passengers (in thousands):

AirportJun-25Jun-26% ChangeJan - Jun 25Jan - Jun 26% Change
Guadalajara1,000.11,033.93.4%6,112.16,221.61.8%
Tijuana*660.1637.5(3.4%)4,196.73,942.2(6.1%)
Los Cabos240.1235.4(1.9%)1,408.61,351.6(4.0%)
Puerto Vallarta273.8257.4(6.0%)1,484.01,424.0(4.0%)
Montego Bay0.00.0N/A0.00.0N/A
Guanajuato188.6173.4(8.1%)1,092.31,044.7(4.4%)
Hermosillo176.6152.1(13.9%)1,054.2977.8(7.2%)
Kingston0.00.08.3%0.20.8417.5%
Morelia53.657.87.9%359.2364.71.5%
La Paz109.3112.42.8%608.7671.510.3%
Mexicali97.087.2(10.2%)598.8524.3(12.4%)
Aguascalientes53.452.1(2.6%)319.2299.7(6.1%)
Los Mochis54.853.3(2.8%)344.4338.8(1.6%)
Manzanillo10.48.5(17.8%)66.161.3(7.3%)
Total2,917.82,860.9(1.9%)17,644.517,222.8(2.4%)


International Terminal Passengers (in thousands):

AirportJun-25Jun-26% ChangeJan - Jun 25Jan - Jun 26% Change
Guadalajara476.9531.911.5%2,894.22,991.13.3%
Tijuana*364.1339.4(6.8%)2,066.71,847.7(10.6%)
Los Cabos414.1355.4(14.2%)2,607.32,457.0(5.8%)
Puerto Vallarta237.3157.9(33.4%)2,321.61,897.9(18.2%)
Montego Bay438.9336.3(23.4%)2,603.61,909.3(26.7%)
Guanajuato88.178.0(11.5%)515.7480.0(6.9%)
Hermosillo6.46.74.6%40.143.37.9%
Kingston152.2151.0(0.8%)881.5850.2(3.6%)
Morelia50.264.127.7%330.1407.423.4%
La Paz2.83.422.4%17.625.344.1%
Mexicali0.70.7(9.3%)3.63.72.7%
Aguascalientes26.326.50.6%156.2162.23.9%
Los Mochis0.70.76.4%3.94.02.7%
Manzanillo3.53.89.3%62.253.0(14.7%)
Total2,262.12,055.6(9.1%)14,504.213,132.1(9.5%)


Total Terminal Passengers (in thousands):

AirportJun-25Jun-26% ChangeJan - Jun 25Jan - Jun 26% Change
Guadalajara1,477.01,565.86.0%9,006.39,212.72.3%
Tijuana*1,024.2976.8(4.6%)6,263.35,789.8(7.6%)
Los Cabos654.2590.8(9.7%)4,015.93,808.6(5.2%)
Puerto Vallarta511.1415.4(18.7%)3,805.63,321.9(12.7%)
Montego Bay438.9336.3(23.4%)2,603.61,909.3(26.7%)
Guanajuato276.7251.4(9.2%)1,608.11,524.6(5.2%)
Hermosillo183.0158.8(13.2%)1,094.31,021.1(6.7%)
Kingston152.2151.0(0.8%)881.7851.0(3.5%)
Morelia103.8121.917.5%689.3772.112.0%
La Paz112.1115.83.3%626.3696.811.3%
Mexicali97.887.8(10.2%)602.4528.0(12.4%)
Aguascalientes79.878.5(1.5%)475.3461.9(2.8%)
Los Mochis55.554.0(2.7%)348.3342.8(1.6%)
Manzanillo13.812.3(11.0%)128.3114.4(10.9%)
Total5,179.84,916.5(5.1%)32,148.730,354.9(5.6%)

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

CBX users (in thousands):

AirportJun-25Jun-26% ChangeJan - Jun 25Jan - Jun 26% Change
Tijuana356.6333.0(6.6%)2,029.61,822.2(10.2%)


Highlights for the month:

  • Seats and load factors
    The seats available during June 2026 decreased by 4.9%, compared to June 2025. The load factors for the month went from 82.2% in June 2025 to 82.0% in June 2026.
  • New routes
    • Aguascalientes – Monterrey: Aerus
    • Aguascalientes - Santa Lucia: Viva
    • Aguascalientes – Puebla: Volaris
    • Aguascalientes - Puerto Vallarta: Volaris
    • Guanajuato – Puebla: Volaris
    • Guadalajara – Queretaro: Volaris
    • Guadalajara – Reynosa: Volaris
    • Guadalajara - San Luis Potosi: Volaris
    • Guadalajara – Zacatecas: Volaris
    • Guadalajara – Detroit: Volaris
    • Guadalajara - Salt Lake City: Volaris
    • Puerto Vallarta – Puebla: Volaris
    • Puerto Vallarta – Aguascalientes: Volaris
    • Puerto Vallarta - San Luis Potosi: Volaris
    • Los Cabos – Puebla: Volaris
    • Los Cabos - Las Vegas: Southwest
    • Tijuana – Merida: Volaris
    • Tijuana - Puerto Escondido: Volaris
    • Montego Bay – Medellin: 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 Officerasoto@aeropuertosgap.com.mx
  
Gisela Murillo, Investor Relationsgmurillo@aeropuertosgap.com.mx
+52 33 3880 1100 ext. 20294



FAQ

How did Grupo Aeroportuario del Pacifico (PAC) passenger traffic change in June 2026 versus June 2025?

Passenger traffic for GAP fell 5.1% year-over-year in June 2026, to 4.92 million total passengers. According to the company, Mexican airports declined 3.5%, while overall international terminal passengers decreased 9.1% compared with June 2025, reflecting softer demand on several leisure and cross-border routes.

What were Guadalajara airport’s June 2026 passenger results for Grupo Aeroportuario del Pacifico (PAC)?

Guadalajara airport reported 6.0% year-over-year growth in June 2026 total passengers, reaching about 1.57 million. According to the company, domestic traffic rose 3.4% while international traffic increased 11.5%, and year-to-date total passengers were up 2.3% versus the same period in 2025.

How did Grupo Aeroportuario del Pacifico’s Jamaica airports perform in June 2026 (PAC)?

GAP’s Jamaica airports saw traffic declines in June 2026. According to the company, Montego Bay passengers dropped 23.4% year-over-year, while Kingston fell 0.8%. Year-to-date, Montego Bay decreased 26.7% and Kingston 3.5%, highlighting continued weakness in those international markets.

What is Grupo Aeroportuario del Pacifico’s year-to-date 2026 passenger traffic compared with 2025 (PAC)?

Year-to-date through June 2026, GAP handled 30.35 million passengers, a 5.6% decline versus 32.15 million a year earlier. According to the company, domestic passengers fell 2.4% and international passengers fell 9.5%, indicating broader softness across the network in the first half.

How did seats and load factors change for Grupo Aeroportuario del Pacifico in June 2026 (PAC)?

Available seats in June 2026 decreased 4.9% compared with June 2025, while load factor slipped slightly from 82.2% to 82.0%. According to the company, this suggests airlines reduced capacity modestly, with demand largely tracking those adjustments across the airport network.

Which new routes did Grupo Aeroportuario del Pacifico add around June 2026 (PAC), and why is this important?

GAP added new routes linking Aguascalientes, Guanajuato, Guadalajara, Puerto Vallarta, Los Cabos, Tijuana and Montego Bay with cities in Mexico and the United States. According to the company, these routes by Volaris, Aerus, Southwest and Wingo expand connectivity and may support future traffic growth.

How did key tourist airports of Grupo Aeroportuario del Pacifico perform in June 2026 (PAC)?

Tourist airports recorded notable declines in June 2026. According to the company, Puerto Vallarta total passengers fell 18.7% year-over-year, Los Cabos decreased 9.7%, and Montego Bay dropped 23.4%, indicating weaker demand at several major leisure destinations compared with June 2025.