Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Increase in June 2025 of 0.6% Compared to 2024

Rhea-AI Summary

Grupo Aeroportuario del Pacifico (NYSE:PAC) reported a 0.6% increase in total terminal passengers for June 2025 compared to June 2024, reaching 5.18 million passengers. Among key airports, Los Cabos saw a 1.7% increase, while Tijuana, Guadalajara, and Puerto Vallarta experienced decreases of 2.3%, 1.1%, and 0.1% respectively.

The company's available seats increased by 2.1%, though load factors decreased from 83.4% to 82.2%. Domestic traffic grew by 1.7% to 2.92 million passengers, while international traffic declined by 0.8% to 2.26 million. Year-to-date figures show a 4.2% increase in total passengers across GAP's network.

Positive

• None.

Negative

• International passenger traffic decreased 0.8% to 2.26 million
• Load factors declined from 83.4% to 82.2%
• Major hubs showed traffic decline: Tijuana (-2.3%), Guadalajara (-1.1%)
• Montego Bay traffic decreased by 1.9% compared to June 2024

Insights

Transportation Infrastructure Analyst

GAP reports minimal June 2025 passenger growth of 0.6%, with mixed performance across airports amid challenging travel dynamics.

Grupo Aeroportuario del Pacifico (GAP) posted marginal passenger growth in June 2025, with total traffic increasing just 0.6% year-over-year across its 14 airports. This performance represents a significant deceleration from the 4.2% growth achieved year-to-date, signaling potential headwinds in the Mexican and Caribbean aviation markets.

The data reveals divergent performance across GAP's portfolio. While domestic traffic grew by 1.7%, international passenger volumes declined by 0.8%, creating a drag on overall performance. This mixed result came despite a 2.1% increase in available seats, leading to a load factor deterioration from 83.4% to 82.2% - indicating softer demand conditions.

GAP's four largest Mexican airports displayed concerning trends: Guadalajara traffic fell 1.1%, Tijuana decreased 2.3%, and Puerto Vallarta dipped 0.1%. Only Los Cabos showed improvement with 1.7% growth. Meanwhile, Montego Bay in Jamaica experienced a 1.9% decline in international visitors, continuing its challenging 5.1% year-to-date decrease.

The bright spots in GAP's network were primarily smaller domestic airports, with Los Mochis (27.9%), Mexicali (19.4%), and La Paz (14.2%) posting double-digit growth. Kingston airport in Jamaica also performed well with 5.3% growth, contrasting with Montego Bay's struggles.

The Cross Border Xpress (CBX) facility connecting San Diego with Tijuana airport saw minimal growth of 0.2% in June, though it maintains a healthier 6.4% year-to-date increase. This suggests the cross-border travel corridor remains resilient despite Tijuana airport's overall traffic decline.

The introduction of a new route between Montego Bay and Lisbon operated by World2Fly represents a strategic effort to diversify international connections, particularly important given Montego Bay's recent passenger traffic challenges.

GUADALAJARA, Mexico, July 03, 2025 (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 2025, compared with June 2024.

During this period, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 0.7%, compared to June 2024. Los Cabos airport presented an increase in passenger traffic of 1.7%, while Tijuana, Guadalajara, and Puerto Vallarta airports decreased 2.3%, 1.1%, and 0.1% respectively, compared to June 2024. On the other hand, Montego Bay presented a decrease in passenger traffic of 1.9%, compared to June 2024.

Domestic Terminal Passengers (in thousands):

Airport	Jun-24	Jun-25	% Change	Jan - Jun 24	Jan - Jun 25	% Change
Guadalajara	1,009.3	1,000.1	(0.9%)	5,666.5	6,112.1	7.9%
Tijuana*	686.3	660.1	(3.8%)	4,083.4	4,196.7	2.8%
Los Cabos	238.5	240.1	0.7%	1,328.3	1,408.6	6.0%
Puerto Vallarta	259.6	273.8	5.5%	1,317.4	1,484.0	12.6%
Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
Guanajuato	174.3	188.6	8.2%	998.2	1,092.3	9.4%
Hermosillo	168.3	176.6	4.9%	988.5	1,054.2	6.6%
Kingston	0.1	0.0	(52.0%)	1.1	0.2	(85.8%)
Morelia	51.9	53.6	3.2%	299.5	359.2	19.9%
La Paz	97.3	109.3	12.4%	559.4	608.7	8.8%
Mexicali	81.1	97.0	19.6%	514.6	598.8	16.4%
Aguascalientes	49.5	53.4	8.1%	308.6	319.2	3.4%
Los Mochis	42.7	54.8	28.2%	268.0	344.4	28.5%
Manzanillo	9.8	10.4	5.2%	66.2	66.1	(0.1%)
Total	2,868.7	2,917.8	1.7%	16,399.8	17,644.5	7.6%

International Terminal Passengers (in thousands):

Airport	Jun-24	Jun-25	% Change	Jan - Jun 24	Jan - Jun 25	% Change
Guadalajara	484.4	476.9	(1.5%)	2,860.0	2,894.2	1.2%
Tijuana*	361.9	364.1	0.6%	1,934.0	2,066.7	6.9%
Los Cabos	404.8	414.1	2.3%	2,607.8	2,607.3	(0.0%)
Puerto Vallarta	251.8	237.3	(5.8%)	2,441.5	2,321.6	(4.9%)
Montego Bay	447.4	438.9	(1.9%)	2,742.4	2,603.7	(5.1%)
Guanajuato	91.2	88.1	(3.5%)	489.3	515.7	5.4%
Hermosillo	6.7	6.4	(3.5%)	43.6	40.1	(7.9%)
Kingston	144.4	152.2	5.3%	810.6	881.5	8.7%
Morelia	54.0	50.2	(7.2%)	313.9	330.1	5.1%
La Paz	0.9	2.8	197.4%	6.1	17.6	186.1%
Mexicali	0.8	0.7	(8.9%)	3.8	3.6	(4.0%)
Aguascalientes	27.5	26.3	(4.3%)	151.2	156.2	3.3%
Los Mochis	0.6	0.7	8.9%	4.0	3.9	(3.2%)
Manzanillo	4.0	3.5	(13.7%)	56.1	62.2	10.8%
Total	2,280.5	2,262.1	(0.8%)	14,464.4	14,504.2	0.3%

Total Terminal Passengers (in thousands):

Airport	Jun-24	Jun-25	% Change	Jan - Jun 24	Jan - Jun 25	% Change
Guadalajara	1,493.7	1,477.0	(1.1%)	8,526.5	9,006.3	5.6%
Tijuana*	1,048.2	1,024.2	(2.3%)	6,017.4	6,263.3	4.1%
Los Cabos	643.3	654.2	1.7%	3,936.2	4,015.9	2.0%
Puerto Vallarta	511.5	511.1	(0.1%)	3,758.9	3,805.6	1.2%
Montego Bay	447.4	438.9	(1.9%)	2,742.4	2,603.7	(5.1%)
Guanajuato	265.5	276.7	4.2%	1,487.5	1,608.1	8.1%
Hermosillo	174.9	183.0	4.6%	1,032.0	1,094.3	6.0%
Kingston	144.5	152.2	5.3%	811.8	881.7	8.6%
Morelia	106.0	103.8	(2.1%)	613.4	689.3	12.4%
La Paz	98.2	112.1	14.2%	565.6	626.3	10.7%
Mexicali	81.9	97.8	19.4%	518.4	602.4	16.2%
Aguascalientes	77.0	79.8	3.6%	459.8	475.3	3.4%
Los Mochis	43.4	55.5	27.9%	272.0	348.3	28.0%
Manzanillo	13.8	13.8	(0.2%)	122.4	128.3	4.9%
Total	5,149.2	5,179.9	0.6%	30,864.2	32,148.7	4.2%

CBX users (in thousands):

Airport	Jun-24	Jun-25	% Change	Jan - Jun 24	Jan - Jun 25	% Change
Tijuana	355.8	356.6	0.2%	1,907.6	2,029.6	6.4%

Highlights for the month:

• Seats and load factors: The seats available during June 2025 increased by 2.1%, compared to June 2024. The load factors for the month went from 83.4% in June 2024 to 82.2% in June 2025.

• New route:
  Montego Bay – Lisboa: World2Fly

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	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294

FAQ

What was PAC's total passenger traffic growth in June 2025?

PAC reported a 0.6% increase in total passenger traffic for June 2025, reaching 5.18 million passengers.

How did PAC's major airports perform in June 2025?

Los Cabos grew 1.7%, while Tijuana decreased 2.3%, Guadalajara fell 1.1%, and Puerto Vallarta declined 0.1%.

What was PAC's domestic vs international traffic performance in June 2025?

Domestic traffic increased 1.7% to 2.92 million passengers, while international traffic decreased 0.8% to 2.26 million passengers.

How did PAC's load factors change in June 2025?

Load factors decreased from 83.4% in June 2024 to 82.2% in June 2025, despite a 2.1% increase in available seats.

What is PAC's year-to-date passenger growth for 2025?

PAC's year-to-date total passenger traffic grew 4.2% to 32.15 million passengers compared to the same period in 2024.