Grupo Aeroportuario del Pacifico Reports in January 2025 a Passenger Traffic Increase of 5.4% Compared to 2024

Rhea-AI Summary

Grupo Aeroportuario del Pacifico (PAC) reported a 5.4% increase in total terminal passenger traffic for January 2025 compared to January 2024. The company's 12 Mexican airports saw a 6.3% increase in passenger traffic, with notable growth at major hubs: Guadalajara (+9.9%), Tijuana (+5.2%), Puerto Vallarta (+1.9%), and Los Cabos (+0.6%).

Domestic passenger traffic rose by 7.5% to 2,899,100 passengers, while international traffic increased by 2.9% to 2,747,000 passengers. The company's seats available increased by 2.3%, and load factors improved from 81.4% to 83.9%. However, Montego Bay airport experienced a 7.3% decrease in passenger traffic.

Alaska Airlines launched new routes connecting Puerto Vallarta to New York (JFK), Sacramento, Kansas City, and St. Louis, as well as Los Cabos to Sacramento.

Positive

• Total passenger traffic increased 5.4% year-over-year
• Domestic passenger traffic grew 7.5%
• International passenger traffic rose 2.9%
• Load factors improved from 81.4% to 83.9%
• Five new routes launched by Alaska Airlines

Negative

• Montego Bay airport traffic decreased 7.3%
• Mexicali airport traffic declined 9.6%

Insights

Aviation Industry Analyst

The January 2025 traffic results for Grupo Aeroportuario del Pacifico reveal a robust start to the year, with several noteworthy developments that signal positive momentum in both operational efficiency and market expansion.

The domestic segment showed particular strength with a 7.5% increase, outpacing international growth of 2.9%. This domestic resilience is especially evident in key markets like Guadalajara (10.4% growth) and Puerto Vallarta (14.1% growth), reflecting strong internal Mexican travel demand.

Strategic network expansion through Alaska Airlines' new routes from Puerto Vallarta to major U.S. markets (JFK, Sacramento, Kansas City and St. Louis) represents a significant development. These routes tap into both primary and secondary U.S. markets, diversifying revenue streams and reducing dependency on traditional routes. The Sacramento connection to both Puerto Vallarta and Los Cabos particularly strengthens GAP's presence in the California market, historically a strong feeder for Mexican leisure destinations.

The improved load factor of 83.9% (up from 81.4%) is especially impressive given the 2.3% increase in seat capacity. This indicates strong demand absorption and efficient capacity management, typically leading to better yield performance for airlines and potentially higher airport revenues through increased passenger fees.

However, the 7.3% decline in Montego Bay traffic requires monitoring, as it represents GAP's important Caribbean presence. This decline might reflect temporary seasonal factors or increased regional competition in the Caribbean leisure market.

The Cross Border Xpress (CBX) facility in Tijuana continues to demonstrate its strategic value, with a 7.4% increase in users, reinforcing its role as a vital U.S.-Mexico air travel corridor.

GUADALAJARA, Mexico, Feb. 05, 2025 (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 January 2025, compared with January 2024.

For January 2025, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 6.3%, compared to January 2024. Guadalajara, Tijuana, Puerto Vallarta, and Los Cabos airports presented an increase in passenger traffic of 9.9%, 5.2%, 1.9%, and 0.6%, respectively, compared to January 2024. On the other hand, Montego Bay presented a decrease in passenger traffic of 7.3%, compared to January 2024.

	Domestic Terminal Passengers (in thousands):
	Airport	Jan-24	Jan-25	% Change
	Guadalajara	911.7	1,006.2	10.4%
	Tijuana*	678.8	702.1	3.4%
	Puerto Vallarta	201.1	229.5	14.1%
	Los Cabos	221.4	232.2	4.9%
	Montego Bay	0.0	0.0	N/A
	Guanajuato	174.0	176.8	1.6%
	Hermosillo	152.2	169.3	11.2%
	Kingston	0.1	0.0	(73.3%)
	Morelia	56.2	65.2	16.1%
	Mexicali	110.8	100.2	(9.6%)
	La Paz	88.5	96.6	9.2%
	Aguascalientes	46.8	51.9	11.0%
	Los Mochis	44.0	57.0	29.5%
	Manzanillo	11.9	12.0	0.3%
	Total	2,697.5	2,899.1	7.5%
	International Terminal Passengers (in thousands):
	Airport	Jan-24	Jan-25	% Change
	Guadalajara	550.4	600.8	9.2%
	Tijuana*	349.6	380.0	8.7%
	Puerto Vallarta	498.8	483.8	(3.0%)
	Los Cabos	433.6	426.7	(1.6%)
	Montego Bay	491.9	456.2	(7.3%)
	Guanajuato	89.6	107.4	20.0%
	Hermosillo	9.0	8.5	(5.4%)
	Kingston	148.3	167.0	12.6%
	Morelia	55.8	67.8	21.5%
	Mexicali	0.6	0.5	(5.6%)
	La Paz	0.9	2.7	194.6%
	Aguascalientes	26.4	29.1	10.1%
	Los Mochis	0.8	0.8	1.6%
	Manzanillo	12.9	15.6	21.4%
	Total	2,668.6	2,747.0	2.9%
	Total Terminal Passengers (in thousands):
	Airport	Jan-24	Jan-25	% Change
	Guadalajara	1,462.1	1,607.1	9.9%
	Tijuana*	1,028.4	1,082.1	5.2%
	Puerto Vallarta	699.8	713.3	1.9%
	Los Cabos	655.0	658.9	0.6%
	Montego Bay	491.9	456.2	(7.3%)
	Guanajuato	263.6	284.3	7.9%
	Hermosillo	161.2	177.8	10.3%
	Kingston	148.4	167.0	12.5%
	Morelia	112.1	133.1	18.8%
	Mexicali	111.4	100.7	(9.6%)
	La Paz	89.4	99.4	11.1%
	Aguascalientes	73.2	81.0	10.7%
	Los Mochis	44.8	57.8	29.0%
	Manzanillo	24.8	27.6	11.2%
	Total	5,366.1	5,646.1	5.2%
	*Passengers in Tijuana who use CBX in both directions are classified as international.
	CBX users (in thousands):
	Airport	Jan-24	Jan-25	% Change
	Tijuana	347.5	373.2	7.4%

Highlights for the month:

• Seats and load factors: The seats available during January 2025 increased by 2.3%, compared to January 2024. The load factors for the month went from 81.4% in January 2024 to 83.9% in January 2025.
  

• New routes:
  • Puerto Vallarta – New York (JFK): Alaska Airlines
  • Puerto Vallarta – Sacramento: Alaska Airlines
  • Puerto Vallarta – Kansas City: Alaska Airlines
  • Puerto Vallarta – St. Louis: Alaska Airlines
  • Los Cabos – Sacramento: Alaska Airlines

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

What was PAC's total passenger growth rate in January 2025?

PAC reported a 5.4% increase in total terminal passenger traffic in January 2025 compared to January 2024.

Which PAC airports showed the strongest passenger growth in January 2025?

Guadalajara showed the strongest growth among major airports with a 9.9% increase, followed by Tijuana (+5.2%), Puerto Vallarta (+1.9%), and Los Cabos (+0.6%).

What new routes did Alaska Airlines add to PAC airports in January 2025?

Alaska Airlines added five new routes: Puerto Vallarta to New York (JFK), Sacramento, Kansas City, and St. Louis, plus Los Cabos to Sacramento.

How did PAC's load factors change in January 2025?

Load factors improved from 81.4% in January 2024 to 83.9% in January 2025.

What was the performance of PAC's international passenger traffic in January 2025?

International passenger traffic increased by 2.9% to 2,747,000 passengers in January 2025.