Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in February 2026 of 5.5% Compared to 2025
Rhea-AI Summary
Grupo Aeroportuario del Pacífico (NYSE: PAC) reported a 5.5% decline in total terminal passengers in February 2026 versus February 2025, with total traffic of 4,608.2k passengers. International traffic fell 6.6% and domestic traffic fell 4.5%.
Key drivers included a 31.4% drop at Montego Bay due to Hurricane Melissa, a 19.1% decline in Mexicali, and multiple flight cancellations in Jalisco on February 22–23, 2026.
Positive
- Morelia total passengers +13.4% in Feb 2026
- Kingston domestic passengers +943.1% Jan–Feb (small base increase)
- La Paz international passengers +37.3% in Feb 2026
Negative
- Total terminal passengers -5.5% in Feb 2026 versus Feb 2025
- Montego Bay total passengers -31.4% in Feb 2026 (Hurricane Melissa)
- Mexicali total passengers -19.1% in Feb 2026
- Tijuana total passengers -7.4% in Feb 2026 and Jan–Feb total -6.0%
News Market Reaction – PAC
In the Mar 9 session, PAC declined 0.43%, 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 |
|---|---|---|---|---|
| Feb 23 | 4Q25 earnings | Negative | -5.3% | Revenue and EBITDA grew but comprehensive income fell sharply 34.3%. |
| Feb 05 | Traffic update | Negative | +4.1% | January 2026 total passengers down 2.2% with weaker international traffic. |
| Jan 20 | Debt refinancing | Positive | +2.6% | Refinanced USD $95.5m loan on 12‑month term at 1‑month SOFR +50 bps. |
| Jan 06 | Traffic update | Positive | +1.0% | December 2025 traffic up 0.1% and full‑year passengers up 2.5%. |
| Dec 11 | CBX combination | Positive | +6.6% | Shareholders approved CBX business combination with ~96% of votes cast in favor. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent traffic and earnings headlines often led to directionally consistent moves, except January’s traffic decline, which saw a positive price reaction.
Over the last few months PAC has regularly reported detailed traffic and financial updates. December 2025 traffic was essentially flat YoY at 5,874.0 thousand passengers, with full‑year volumes up 2.5%. January 2026 traffic fell 2.2%, yet the stock rose 4.08%. Fourth‑quarter 2025 results showed modest revenue and EBITDA growth but a 34.3% drop in comprehensive income, and the shares fell 5.26%. A bank debt refinancing of USD $95.5 million and approval of the CBX business combination both saw positive price reactions. Today’s broader 5.5% February traffic decline extends the recent softening trend.
Key Terms
terminal passenger traffic technical
load factors technical
forward-looking statements regulatory
whistleblower regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
GUADALAJARA, Mexico, March 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 February 2026, compared with February 2025.
During March 2026, the 12 Mexican airports operated by GAP recorded a
Domestic Terminal Passengers (in thousands):
| Airport | Feb-25 | Feb-26 | % Change | Jan - Feb 25 | Jan - Feb 26 | % Change |
| Guadalajara | 926.2 | 906.2 | ( | 1,932.4 | 1,972.5 | |
| Tijuana* | 631.4 | 584.7 | ( | 1,333.4 | 1,283.1 | ( |
| Puerto Vallarta | 192.6 | 186.5 | ( | 422.1 | 429.0 | |
| Los Cabos | 197.8 | 185.7 | ( | 430.1 | 404.8 | ( |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 158.4 | 151.3 | ( | 335.2 | 332.2 | ( |
| Hermosillo | 150.6 | 144.4 | ( | 319.9 | 304.8 | ( |
| Morelia | 57.3 | 59.1 | 122.5 | 132.2 | ||
| Kingston | 0.0 | 0.2 | 0.1 | 0.7 | ||
| La Paz | 85.4 | 89.0 | 182.1 | 194.7 | ||
| Mexicali | 88.8 | 71.8 | ( | 189.0 | 170.9 | ( |
| Aguascalientes | 46.2 | 41.8 | ( | 98.2 | 91.0 | ( |
| Los Mochis | 51.6 | 48.3 | ( | 108.6 | 107.0 | ( |
| Manzanillo | 10.9 | 10.4 | ( | 22.8 | 21.7 | ( |
| Total | 2,597.2 | 2,479.4 | (4.5%) | 5,496.3 | 5,444.6 | (0.9%) |
International Terminal Passengers (in thousands):
| Airport | Feb-25 | Feb-26 | % Change | Jan - Feb 25 | Jan - Feb 26 | % Change |
| Guadalajara | 430.1 | 428.8 | ( | 1,030.9 | 1,026.9 | ( |
| Tijuana* | 290.1 | 268.9 | ( | 670.1 | 607.6 | ( |
| Puerto Vallarta | 457.3 | 428.9 | ( | 941.2 | 918.1 | ( |
| Los Cabos | 410.5 | 427.8 | 837.2 | 865.7 | ||
| Montego Bay | 400.1 | 274.5 | ( | 856.3 | 559.0 | ( |
| Guanajuato | 72.4 | 71.7 | ( | 179.9 | 181.2 | |
| Hermosillo | 5.9 | 6.4 | 14.4 | 15.1 | ||
| Morelia | 51.3 | 64.0 | 119.1 | 149.3 | ||
| Kingston | 121.9 | 119.2 | ( | 288.9 | 274.2 | ( |
| La Paz | 2.8 | 3.8 | 5.5 | 8.1 | ||
| Mexicali | 0.7 | 0.6 | ( | 1.2 | 1.2 | |
| Aguascalientes | 21.2 | 22.9 | 50.3 | 53.1 | ||
| Los Mochis | 0.5 | 0.4 | ( | 1.3 | 1.2 | ( |
| Manzanillo | 13.5 | 11.0 | ( | 29.1 | 24.9 | ( |
| Total | 2,278.2 | 2,128.9 | (6.6%) | 5,025.2 | 4,685.5 | (6.8%) |
Total Terminal Passengers (in thousands):
| Airport | Feb-25 | Feb-26 | % Change | Jan - Feb 25 | Jan - Feb 26 | % Change |
| Guadalajara | 1,356.2 | 1,335.0 | ( | 2,963.3 | 2,999.4 | |
| Tijuana* | 921.5 | 853.5 | ( | 2,003.6 | 1,890.7 | ( |
| Puerto Vallarta | 649.9 | 615.4 | ( | 1,363.3 | 1,347.1 | ( |
| Los Cabos | 608.3 | 613.4 | 1,267.2 | 1,270.5 | ||
| Montego Bay | 400.1 | 274.5 | ( | 856.3 | 559.0 | ( |
| Guanajuato | 230.8 | 222.9 | ( | 515.0 | 513.4 | ( |
| Hermosillo | 156.5 | 150.8 | ( | 334.3 | 319.9 | ( |
| Morelia | 108.6 | 123.1 | 241.7 | 281.5 | ||
| Kingston | 121.9 | 119.4 | ( | 288.9 | 274.9 | ( |
| La Paz | 88.2 | 92.8 | 187.5 | 202.8 | ||
| Mexicali | 89.5 | 72.4 | ( | 190.2 | 172.2 | ( |
| Aguascalientes | 67.4 | 64.6 | ( | 148.4 | 144.1 | ( |
| Los Mochis | 52.1 | 48.8 | ( | 109.9 | 108.2 | ( |
| Manzanillo | 24.4 | 21.4 | ( | 51.9 | 46.6 | ( |
| Total | 4,875.4 | 4,608.2 | (5.5%) | 10,521.5 | 10,130.2 | (3.7%) |
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
| Airport | Feb-25 | Feb-26 | % Change | Jan - Feb 25 | Jan - Feb 26 | % Change |
| Tijuana | 285.9 | 265.8 | ( | 659.1 | 599.9 | ( |
Highlights for the month:
- Seats and load factors
The seats available during February 2026 decreased by3.4% , compared to February 2025. The load factors for the month went from81.2% in February 2025 to79.4% in February 2026.
- Information on airport operations in Jalisco
As a result of the events that took place in various locations of the State of Jalisco on February 22, 2026, and in light of the different alerts issued by the various levels of government, Guadalajara and Puerto Vallarta International Airports faced the following flight cancellations: on February 22, 120 cancellations were recorded at Guadalajara Airport, 89 at Puerto Vallarta Airport, and two at Manzanillo Airport. On February 23, there were 103 cancellations, 52 in Puerto Vallarta, and two in Manzanillo.
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 | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294 |
