Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in April 2026 of 7.6% Compared to 2025
Rhea-AI Summary
Grupo Aeroportuario del Pacífico (NYSE: PAC) reported a 7.6% decrease in total terminal passengers in April 2026 versus April 2025, with totals of 5,113.4 thousand in Apr‑26 vs 5,531.0 thousand in Apr‑25. International traffic fell 10.8% and domestic total fell 5.0%.
Key airport moves: Guadalajara +0.9%, Puerto Vallarta -17.0%, Tijuana -10.5%, Los Cabos -8.1%, Montego Bay -22.0% (Hurricane Melissa effect). Seats available fell 8.3%; load factor rose to 81.5% from 80.8%.
Positive
- La Paz total passengers +11.4% (Apr 2026)
- Load factor increased 0.7 percentage points to 81.5%
Negative
- Total terminal passengers -7.6% (Apr 2026 vs Apr 2025)
- International terminal passengers -10.8% (Apr 2026)
- Seats available -8.3% in April 2026
- Puerto Vallarta total passengers -17.0% (Apr 2026)
- Montego Bay total passengers -22.0% (Apr 2026) due to Hurricane Melissa
News Market Reaction – PAC
In the May 6 session, PAC declined 1.11%, 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 |
|---|---|---|---|---|
| Apr 23 | Shareholder resolutions | Positive | +2.4% | Dividend approval, large buyback program and board ratifications. |
| Apr 20 | Quarterly earnings | Positive | +3.1% | 1Q26 revenue and comprehensive income growth despite softer traffic. |
| Apr 17 | Annual filings | Neutral | -0.3% | Filing of 2025 annual report and Form 20-F with regulators. |
| Apr 07 | Traffic update | Negative | +4.3% | Reported 8.9% March passenger decline with weaker international traffic. |
| Mar 31 | Debt issuance | Positive | +0.7% | Ps.10,718.0m bond issuance to fund CBX stake and capex. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent history shows PAC often trading positively around corporate and earnings updates, and once rallying despite negative traffic data, suggesting investors may look past short-term volume softness when financial metrics and strategy remain solid.
Over the last few weeks, PAC reported several milestones. The Mar 31 bond issuance of Ps.10,718.0m to fund CBX and capex was followed by a modest gain. On Apr 7, an 8.9% March traffic decline still saw a +4.31% move. Strong 1Q26 results on Apr 20 (revenues Ps.11,369.6m, comprehensive income Ps.3,365.8m) and shareholder approvals on Apr 23 (MXN 20.80 dividend, Ps.2,500m buyback) also coincided with positive price reactions. Today’s April traffic decline extends that soft-traffic narrative.
Key Terms
forward-looking statements regulatory
whistleblower program regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
GUADALAJARA, Mexico, May 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 April 2026, compared with April 2025.
During April 2026, the 12 Mexican airports operated by GAP recorded a
Domestic Terminal Passengers (in thousands):
| Airport | Apr-25 | Apr-26 | % Change | Jan - Apr 25 | Jan - Apr 26 | % Change |
| Guadalajara | 1,067.5 | 1,066.2 | ( | 4,088.6 | 4,101.8 | |
| Tijuana* | 748.6 | 671.7 | ( | 2,806.1 | 2,640.2 | ( |
| Los Cabos | 254.6 | 240.9 | ( | 923.5 | 869.2 | ( |
| Puerto Vallarta | 278.4 | 255.1 | ( | 932.0 | 899.9 | ( |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 194.0 | 179.1 | ( | 709.6 | 689.9 | ( |
| Hermosillo | 184.4 | 166.0 | ( | 693.1 | 646.6 | ( |
| Kingston | 0.0 | 0.0 | ( | 0.1 | 0.7 | |
| Morelia | 60.2 | 58.3 | ( | 246.3 | 251.2 | |
| La Paz | 111.8 | 123.2 | 392.4 | 437.0 | ||
| Mexicali | 105.0 | 90.5 | ( | 398.2 | 350.2 | ( |
| Aguascalientes | 53.3 | 55.1 | 205.1 | 194.0 | ( | |
| Los Mochis | 66.5 | 60.8 | ( | 231.6 | 224.1 | ( |
| Manzanillo | 10.7 | 9.9 | ( | 45.5 | 42.8 | ( |
| Total | 3,135.2 | 2,976.9 | (5.0%) | 11,672.0 | 11,347.7 | (2.8%) |
International Terminal Passengers (in thousands):
| Airport | Apr-25 | Apr-26 | % Change | Jan - Apr 25 | Jan - Apr 26 | % Change |
| Guadalajara | 452.9 | 467.2 | 1,959.9 | 1,959.3 | ( | |
| Tijuana* | 351.1 | 312.8 | ( | 1,366.0 | 1,210.4 | ( |
| Los Cabos | 442.9 | 400.1 | ( | 1,825.8 | 1,772.8 | ( |
| Puerto Vallarta | 375.7 | 287.5 | ( | 1,848.2 | 1,566.4 | ( |
| Montego Bay | 430.4 | 335.6 | ( | 1,769.4 | 1,252.9 | ( |
| Guanajuato | 84.3 | 72.2 | ( | 347.4 | 330.1 | ( |
| Hermosillo | 6.1 | 6.9 | 27.0 | 28.9 | ||
| Kingston | 155.0 | 145.7 | ( | 583.0 | 560.5 | ( |
| Morelia | 56.0 | 64.9 | 230.2 | 280.7 | ||
| La Paz | 3.0 | 4.6 | 11.7 | 17.2 | ||
| Mexicali | 0.6 | 0.6 | ( | 2.4 | 2.4 | |
| Aguascalientes | 27.5 | 29.5 | 101.1 | 106.8 | ||
| Los Mochis | 0.7 | 0.7 | 2.6 | 2.6 | ||
| Manzanillo | 9.8 | 8.2 | ( | 53.7 | 44.5 | ( |
| Total | 2,395.8 | 2,136.5 | (10.8%) | 10,128.3 | 9,135.5 | (9.8%) |
Total Terminal Passengers (in thousands):
| Airport | Apr-25 | Apr-26 | % Change | Jan - Apr 25 | Jan - Apr 26 | % Change |
| Guadalajara | 1,520.4 | 1,533.4 | 6,048.5 | 6,061.1 | ||
| Tijuana* | 1,099.7 | 984.5 | ( | 4,172.0 | 3,850.6 | ( |
| Los Cabos | 697.5 | 641.0 | ( | 2,749.3 | 2,642.0 | ( |
| Puerto Vallarta | 654.1 | 542.6 | ( | 2,780.2 | 2,466.3 | ( |
| Montego Bay | 430.4 | 335.6 | ( | 1,769.4 | 1,252.9 | ( |
| Guanajuato | 278.4 | 251.3 | ( | 1,057.0 | 1,020.0 | ( |
| Hermosillo | 190.5 | 173.0 | ( | 720.1 | 675.5 | ( |
| Kingston | 155.0 | 145.7 | ( | 583.1 | 561.2 | ( |
| Morelia | 116.2 | 123.2 | 476.5 | 532.0 | ||
| La Paz | 114.8 | 127.8 | 404.1 | 454.2 | ||
| Mexicali | 105.6 | 91.0 | ( | 400.5 | 352.6 | ( |
| Aguascalientes | 80.7 | 84.7 | 306.2 | 300.8 | ( | |
| Los Mochis | 67.2 | 61.5 | ( | 234.1 | 226.6 | ( |
| Manzanillo | 20.5 | 18.1 | ( | 99.2 | 87.3 | ( |
| Total | 5,531.0 | 5,113.4 | (7.6%) | 21,800.3 | 20,483.2 | (6.0%) |
| *Passengers in Tijuana who use CBX in both directions are classified as international. | ||||||
CBX users (in thousands):
| Airport | Apr-25 | Apr-26 | % Change | Jan - Apr 25 | Jan - Apr 26 | % Change | ||
| Tijuana | 345.0 | 309.4 | ( | 1,343.2 | 1,195.7 | ( | ||
Highlights for the month:
- Seats and load factors
The seats available during April 2026 decreased by
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.
