Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in February 2026 of 5.5% Compared to 2025
MWN-AI** Summary
Grupo Aeroportuario del Pacífico (GAP) reported a significant 5.5% decrease in total passenger traffic for February 2026 compared to the same month in 2025. The company, which operates 12 airports in Mexico, observed a total of approximately 4.6 million passengers during the month, reflecting a decline from February 2025 when numbers reached nearly 5 million.
Key airports such as Tijuana and Puerto Vallarta experienced notable drops in passenger counts, with decreases of 7.4% and 5.3%, respectively. Guadalajara, one of the busiest airports in the network, reported a modest decrease of 1.6%. However, Los Cabos stood out with a slight increase of 0.8%. In Jamaica, the picture was less favorable; Montego Bay faced dramatic challenges, recording a staggering decline of 31.4%, largely attributed to disruptions from Hurricane Melissa.
GAP also noted that domestic passenger numbers dropped by 4.5%, while international traffic fell by 6.6%. The reduction in load factors from 81.2% to 79.4% was indicative of decreased demand in the aviation sector. The decline in available seats (down by 3.4%) further reinforced this trend.
The downturn was exacerbated by flight cancellations resulting from events in Jalisco, which impacted operations at Guadalajara and Puerto Vallarta Airports significantly. Despite the challenges, there were some positive signals in minor markets, notably in Morelia and La Paz, which saw increases in traffic.
As GAP navigates these headwinds, it continues to adapt its operational strategies in response to changing market conditions while remaining committed to maintaining safety and service standards across its airport network.
MWN-AI** Analysis
Grupo Aeroportuario del Pacífico (GAP) reported a concerning 5.5% decrease in passenger traffic for February 2026 compared to the same month in 2025. This trend is indicative of underlying challenges and could prompt investors to reassess their positions in GAP.
In-depth analysis reveals that the decline in traffic was chiefly driven by significant reductions at key airports like Tijuana and Puerto Vallarta, which experienced drops of 7.4% and 5.3%, respectively. Domestic traffic also showed an overall decline of 4.5%. Compounding this issue, the airports in Jamaica, particularly Montego Bay, were severely impacted by Hurricane Melissa, recording staggering decreases of 31.4%.
Despite these headwinds, it's worth noting that there are pockets of resilience; for instance, airports in Los Cabos posted a slight increase in traffic, and Guadalajara experienced only a minor reduction. This suggests that while the overall environment is challenging, certain markets continue to show potential.
Moreover, the negative shift in passenger load factors—from 81.2% in February 2025 to 79.4% in February 2026—highlights a shrinking operational efficiency that could pressurize margins going forward.
Given these factors, potential investors may want to adopt a cautious approach. Monitoring the company’s response strategies to enhance passenger volume and operational efficiency will be crucial. Furthermore, any updates on the recovery in Jamaica post-Hurricane Melissa and improvements in domestic traffic amid ongoing challenges in Jalisco could be key indicators of future performance.
In summary, while GAP's stock on the NYSE may present a value opportunity amidst declines, the deteriorating traffic figures suggest a wait-and-see stance could be prudent until clearer signs of recovery emerge.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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 3.2% decrease in total passenger traffic compared to February 2025. Tijuana, Puerto Vallarta, and Guadalajara reported a decrease of 7.4%, 5.3%, and 1.6%, respectively. In contrast, Los Cabos airport reported an increase of 0.8%. With respect to GAP’s airports in Jamaica, Montego Bay and Kingston recorded decreases of 31.4% and 2.1%, respectively, as a result of disruptions caused by Hurricane Melissa.
Domestic Terminal Passengers (in thousands):
| Airport | Feb-25 | Feb-26 | % Change | Jan - Feb 25 | Jan - Feb 26 | % Change |
| Guadalajara | 926.2 | 906.2 | (2.2%) | 1,932.4 | 1,972.5 | 2.1% |
| Tijuana* | 631.4 | 584.7 | (7.4%) | 1,333.4 | 1,283.1 | (3.8%) |
| Puerto Vallarta | 192.6 | 186.5 | (3.2%) | 422.1 | 429.0 | 1.6% |
| Los Cabos | 197.8 | 185.7 | (6.2%) | 430.1 | 404.8 | (5.9%) |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 158.4 | 151.3 | (4.5%) | 335.2 | 332.2 | (0.9%) |
| Hermosillo | 150.6 | 144.4 | (4.1%) | 319.9 | 304.8 | (4.7%) |
| Morelia | 57.3 | 59.1 | 3.1% | 122.5 | 132.2 | 7.9% |
| Kingston | 0.0 | 0.2 | 351.4% | 0.1 | 0.7 | 943.1% |
| La Paz | 85.4 | 89.0 | 4.2% | 182.1 | 194.7 | 7.0% |
| Mexicali | 88.8 | 71.8 | (19.1%) | 189.0 | 170.9 | (9.6%) |
| Aguascalientes | 46.2 | 41.8 | (9.6%) | 98.2 | 91.0 | (7.3%) |
| Los Mochis | 51.6 | 48.3 | (6.3%) | 108.6 | 107.0 | (1.4%) |
| Manzanillo | 10.9 | 10.4 | (4.7%) | 22.8 | 21.7 | (5.0%) |
| 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 | (0.3%) | 1,030.9 | 1,026.9 | (0.4%) |
| Tijuana* | 290.1 | 268.9 | (7.3%) | 670.1 | 607.6 | (9.3%) |
| Puerto Vallarta | 457.3 | 428.9 | (6.2%) | 941.2 | 918.1 | (2.5%) |
| Los Cabos | 410.5 | 427.8 | 4.2% | 837.2 | 865.7 | 3.4% |
| Montego Bay | 400.1 | 274.5 | (31.4%) | 856.3 | 559.0 | (34.7%) |
| Guanajuato | 72.4 | 71.7 | (1.1%) | 179.9 | 181.2 | 0.8% |
| Hermosillo | 5.9 | 6.4 | 8.5% | 14.4 | 15.1 | 4.8% |
| Morelia | 51.3 | 64.0 | 24.8% | 119.1 | 149.3 | 25.3% |
| Kingston | 121.9 | 119.2 | (2.2%) | 288.9 | 274.2 | (5.1%) |
| La Paz | 2.8 | 3.8 | 37.3% | 5.5 | 8.1 | 47.1% |
| Mexicali | 0.7 | 0.6 | (13.7%) | 1.2 | 1.2 | 2.3% |
| Aguascalientes | 21.2 | 22.9 | 8.0% | 50.3 | 53.1 | 5.6% |
| Los Mochis | 0.5 | 0.4 | (12.2%) | 1.3 | 1.2 | (9.2%) |
| Manzanillo | 13.5 | 11.0 | (18.2%) | 29.1 | 24.9 | (14.4%) |
| 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 | (1.6%) | 2,963.3 | 2,999.4 | 1% |
| Tijuana* | 921.5 | 853.5 | (7.4%) | 2,003.6 | 1,890.7 | (6%) |
| Puerto Vallarta | 649.9 | 615.4 | (5.3%) | 1,363.3 | 1,347.1 | (1%) |
| Los Cabos | 608.3 | 613.4 | 0.8% | 1,267.2 | 1,270.5 | 0% |
| Montego Bay | 400.1 | 274.5 | (31.4%) | 856.3 | 559.0 | (35%) |
| Guanajuato | 230.8 | 222.9 | (3.4%) | 515.0 | 513.4 | (0%) |
| Hermosillo | 156.5 | 150.8 | (3.6%) | 334.3 | 319.9 | (4%) |
| Morelia | 108.6 | 123.1 | 13.4% | 241.7 | 281.5 | 16% |
| Kingston | 121.9 | 119.4 | (2.1%) | 288.9 | 274.9 | (5%) |
| La Paz | 88.2 | 92.8 | 5.2% | 187.5 | 202.8 | 8% |
| Mexicali | 89.5 | 72.4 | (19.1%) | 190.2 | 172.2 | (9.5%) |
| Aguascalientes | 67.4 | 64.6 | (4.1%) | 148.4 | 144.1 | (3%) |
| Los Mochis | 52.1 | 48.8 | (6.4%) | 109.9 | 108.2 | (2%) |
| Manzanillo | 24.4 | 21.4 | (12.2%) | 51.9 | 46.6 | (10%) |
| 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 | (7.0%) | 659.1 | 599.9 | (9.0%) |
Highlights for the month:
- Seats and load factors
The seats available during February 2026 decreased by 3.4%, compared to February 2025. The load factors for the month went from 81.2% in February 2025 to 79.4% 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 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**
How does the decrease in passenger traffic at Guadalajara airport impact Grupo Aeroportuario Del Pacifico S.A. B. de C.V. (PAC) in terms of revenue and future growth projections?
What specific measures is Grupo Aeroportuario Del Pacifico S.A. B. de C.V. (PAC) taking to address the reported flight cancellations at Guadalajara and improve service reliability?
Considering the recent declines in international passenger traffic, what strategies does Grupo Aeroportuario Del Pacifico S.A. B. de C.V. (PAC) plan to implement to attract more travelers to Guadalajara airport?
How does Grupo Aeroportuario Del Pacifico S.A. B. de C.V. (PAC) plan to recover from the decreased load factors reported in February 2026 at Guadalajara airport and other locations in its network?
**MWN-AI FAQ is based on asking OpenAI questions about Grupo Aeroportuario Del Pacifico S.A. B. de C.V. de C.V. (NYSE: PAC).
NASDAQ: PAC
PAC Trading
3.56% G/L:
$240.3975 Last:
68,071 Volume:
$235.90 Open:
