GAP April passenger traffic falls 7.6% year over year
Grupo Aeroportuario del Pacífico reported that total terminal passenger traffic across its 12 Mexican and 2 Jamaican airports fell 7.6% in April 2026 versus April 2025, to 5,113.4 thousand passengers.
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Rhea-AI Filing Summary
Grupo Aeroportuario del Pacífico reported that total terminal passenger traffic across its 12 Mexican and 2 Jamaican airports fell 7.6% in April 2026 versus April 2025, to 5,113.4 thousand passengers. For January–April, total passengers declined 6.0% to 20,483.2 thousand.
Mexican airports saw a 6.3% drop in April, with Puerto Vallarta, Tijuana and Los Cabos down 17.0%, 10.5% and 8.1%, while Guadalajara grew 0.9%. In Jamaica, Montego Bay traffic fell 22.0% and Kingston 6.0%, with Montego Bay affected by Hurricane Melissa.
Available seats decreased 8.3% in April 2026, but the overall load factor improved from 80.8% to 81.5%, indicating fuller planes despite lower capacity and traffic.
Positive
- None.
Negative
- Total terminal passenger traffic fell 7.6% in April 2026 year-over-year, with notable double-digit declines at Puerto Vallarta, Tijuana, Los Cabos and Montego Bay, and a 6.0% drop in cumulative January–April traffic, signaling weaker volumes across several key leisure and cross-border markets.
Insights
GAP’s April traffic dropped 7.6% as capacity was cut but planes flew fuller.
Grupo Aeroportuario del Pacífico reported a 7.6% year-over-year decline in April 2026 terminal passengers to 5,113.4 thousand, with a 6.0% drop for January–April. Mexican leisure markets like Puerto Vallarta and Los Cabos and the Jamaican airports saw double-digit declines.
The company also reduced seats by 8.3%, yet the systemwide load factor edged up from 80.8% to 81.5%. This suggests airlines cut capacity faster than demand fell, partially protecting efficiency metrics even as absolute volumes weakened.
Montego Bay’s traffic contracted 22.0%, which GAP attributes to Hurricane Melissa, highlighting weather vulnerability at key Caribbean assets. Future disclosures in company filings may clarify whether these declines are temporary or indicate a longer-lasting demand shift in core tourist markets.
Key Figures
Key Terms
terminal passenger traffic financial
load factors financial
whistleblower program regulatory
Sarbanes-Oxley Act of 2002 regulatory
concession agreement financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did Grupo Aeroportuario del Pacífico (PAC) passenger traffic change in April 2026?
Which GAP airports saw the largest April 2026 traffic declines compared to 2025?
How were Grupo Aeroportuario del Pacífico’s Jamaican airports affected in April 2026?
What happened to GAP’s domestic and international passenger segments in April 2026?
How did capacity and load factors evolve for Grupo Aeroportuario del Pacífico in April 2026?
How did Tijuana’s CBX traffic trend for Grupo Aeroportuario del Pacífico in early 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.