GAP passenger traffic falls 5.5% in February
Grupo Aeroportuario del Pacífico reported that total terminal passenger traffic fell 5.5% in February 2026 versus February 2025, to 4.61 million passengers.
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Rhea-AI Filing Summary
Grupo Aeroportuario del Pacífico reported that total terminal passenger traffic fell 5.5% in February 2026 versus February 2025, to 4.61 million passengers. The 12 Mexican airports together saw a 3.2% decline, with Tijuana, Puerto Vallarta and Guadalajara down 7.4%, 5.3% and 1.6%, while Los Cabos grew 0.8%.
In Jamaica, Montego Bay and Kingston traffic dropped 31.4% and 2.1%, respectively, mainly due to Hurricane Melissa. Overall domestic passengers decreased 4.5% and international passengers declined 6.6%. Seats offered fell 3.4% and the load factor slipped from 81.2% to 79.4%, reflecting weaker demand and disruption.
The company also highlighted operational impacts from public-security events in Jalisco on February 22–23, 2026, which led to 120 flight cancellations in Guadalajara, 89 in Puerto Vallarta and several more in Manzanillo, further weighing on traffic.
Insights
February traffic fell 5.5%, driven by one-off weather and security disruptions.
Grupo Aeroportuario del Pacífico saw a 5.5% year-on-year drop in total February passengers, with domestic traffic down 4.5% and international down 6.6%. Montego Bay in Jamaica was hit hardest, with a 31.4% decline tied to Hurricane Melissa.
Mexican airports showed mixed performance: Tijuana and Puerto Vallarta posted mid-single-digit declines, while Los Cabos grew 0.8%. Capacity adjustments were modest, as seats decreased 3.4% and load factor eased from 81.2% to 79.4%, suggesting softer demand and operational disruption rather than an aggressive capacity cut.
Security-related events in Jalisco on February 22–23, 2026 caused significant flight cancellations, especially in Guadalajara and Puerto Vallarta. Subsequent disclosures in company reports may clarify whether these impacts remain temporary or signal more persistent pressure on regional travel patterns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did Grupo Aeroportuario del Pacífico (PAC) passenger traffic change in February 2026?
Total terminal passenger traffic at Grupo Aeroportuario del Pacífico fell 5.5% in February 2026 versus February 2025, to 4.61 million passengers. Domestic traffic declined 4.5%, while international traffic dropped 6.6% across the company’s Mexican and Jamaican airports.
How did GAP’s Mexican airports perform in February 2026 compared to 2025?
The 12 Mexican airports operated by GAP recorded a combined 3.2% decrease in total passenger traffic versus February 2025. Tijuana fell 7.4%, Puerto Vallarta 5.3%, Guadalajara 1.6%, while Los Cabos bucked the trend with a modest 0.8% increase.
What impact did Hurricane Melissa have on GAP’s Jamaican airports (PAC)?
Hurricane Melissa significantly affected GAP’s Jamaican operations. In February 2026, Montego Bay’s international passengers fell 31.4%, and Kingston’s total traffic declined 2.1%, with management directly attributing these drops to hurricane-related disruptions during the comparison period.
How did load factors and capacity evolve for Grupo Aeroportuario del Pacífico (PAC)?
In February 2026, seats available at GAP airports decreased 3.4% compared with February 2025. Load factors softened from 81.2% to 79.4%, indicating slightly weaker average occupancy per flight alongside the modest reduction in scheduled capacity.
Which specific airports showed notable growth or declines for GAP in February 2026?
For GAP, Tijuana’s total passengers fell 7.4%, Puerto Vallarta dropped 5.3%, and Mexicali declined 19.1%. In contrast, Los Cabos grew 0.8%, La Paz increased 5.2%, and Morelia posted a strong 13.4% rise in total passengers.
How were GAP’s operations in Jalisco affected by February 2026 security events?
Events in Jalisco on February 22–23, 2026 led to substantial cancellations at GAP airports. Guadalajara had 120 canceled flights on February 22, Puerto Vallarta 89, and Manzanillo several more, with additional cancellations reported the following day.
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