Welcome to our dedicated page for Grupo Aeroport news (Ticker: PAC), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroport stock.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP), traded on the NYSE under the symbol PAC, regularly publishes detailed operational and financial updates that form the basis of this news feed. The company operates 12 airports in Mexico’s Pacific region, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz and Manzanillo, as well as mid-sized cities such as Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. It is also involved in the operation of Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston, Jamaica.
News about PAC often focuses on monthly and quarterly passenger traffic figures, broken down by domestic and international terminal passengers at each airport. These releases highlight growth rates, route performance, and the contribution of facilities such as Cross Border Xpress (CBX) at Tijuana, whose users are classified as international passengers. Investors and analysts can follow how traffic trends evolve across Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Montego Bay, Kingston, and other locations.
Another major theme in GAP’s news is route development. The company discloses new domestic and international routes launched by airlines at its airports, including connections from Mexican cities to destinations in North America, South America, and Europe. These announcements provide context on network expansion and changing travel patterns through GAP’s airports.
GAP’s news flow also covers financial results and corporate actions, such as quarterly earnings prepared under IFRS, bond issuances, credit line refinancings, and shareholder decisions on corporate restructuring, including the business combination involving Cross Border Xpress and technical assistance and technology transfer services.
Operational resilience and risk events are another recurring topic. Multiple releases describe the impact of Hurricane Melissa on Jamaican airports, detailing temporary suspensions, phased resumption of humanitarian and commercial flights, and recovery efforts. Readers who follow PAC news gain insight into how the company manages its airport network under both normal conditions and during disruptions.
Grupo Aeroportuario Del Pacifico (PAC) reported strong Q1 2025 results with total revenues increasing 30.1% to reach Ps. 11.1 billion. The company saw a 4.2% rise in total passenger traffic across its 14 airports, handling 16.3 million passengers.
Key financial highlights include:
- Aeronautical revenues up 20.9% to Ps. 6.0 billion
- Non-aeronautical revenues grew 41.3% to Ps. 2.4 billion
- EBITDA increased 21.1% to Ps. 5.6 billion
- Net income rose 15.7% to Ps. 2.9 billion
The company expanded its route network with 13 new routes, including 10 international connections primarily operated by Alaska Airlines. Notable growth was seen in domestic passenger traffic (+9.1%), while international traffic slightly decreased (-0.7%). The company maintained a strong financial position with Ps. 16.2 billion in cash and successfully issued Ps. 6.0 billion in long-term bonds for refinancing and capital investments.
Grupo Aeroportuario del Pacifico (NYSE: PAC) held its Annual General Shareholders' Meeting with 88.5% quorum, where several key resolutions were adopted. The company reported net income of Ps. 8.28 billion for fiscal year 2024, which will be allocated to retained earnings.
Shareholders approved a significant dividend of Ps. 16.84 per share, to be paid within 12 months after April 24, 2025. The company also renewed its share repurchase program with a maximum amount of Ps. 2.5 billion for the next 12-month period.
The meeting included the ratification of board members and committee positions, with Laura Díez Barroso Azcárraga confirmed as Chairwoman. The company's financial statements were approved both on an unconsolidated basis (MFRS) and consolidated basis (IFRS), along with the 2024 Sustainability Report.
Grupo Aeroportuario del Pacifico (NYSE: PAC) has announced the filing of its 2024 annual report with Mexican regulatory authorities and Form 20-F with the SEC. The company operates a network of 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, along with tourist destinations such as Puerto Vallarta and Los Cabos.
PAC also maintains international presence through its operation of two Jamaican airports: Sangster International Airport in Montego Bay (acquired in 2015) and Norman Manley International Airport in Kingston (operated since 2019). The company's shares trade on both the New York Stock Exchange (PAC) and Mexican Stock Exchange (GAP).
Grupo Aeroportuario del Pacifico (NYSE: PAC) reported a 5.6% increase in total terminal passengers for March 2025 compared to March 2024, reaching 5.7 million passengers across its network. Domestic traffic showed strong growth of 12.6%, while international traffic decreased by 1.3%.
Key airport performance:
- Guadalajara: +10.4% (1.56M passengers)
- Tijuana: +5.6% (1.07M passengers)
- Los Cabos: +3.5% (784.6K passengers)
- Montego Bay: -7.7% (482.6K passengers)
The company's available seats increased by 9.0% compared to March 2024, though load factors decreased from 84.0% to 81.5%. New routes were launched including Guanajuato-Monterrey (Volaris), Puerto Vallarta-Sacramento (Southwest), Los Cabos-Nashville (Southwest), and Los Cabos-Oakland (Volaris).
Grupo Aeroportuario del Pacifico (NYSE:PAC) has announced that its subsidiary, MBJ Airports (MBJA), has successfully extended its USD$60.0 million credit line with the Bank of Nova Scotia and Bank of Nova Scotia Jamaica The extension pushes the maturity date to October 4, 2029.
The credit facility features a monthly interest rate of SOFR plus 200 basis points and will be repaid through ten equal semi-annual installments of USD$6.0 million each. The extension process included a commission fee of USD$300,000.
Grupo Aeroportuario del Pacifico (NYSE: PAC) has successfully refinanced its USD$40.0 million credit facility with Citibanamex that matured on March 21, 2025. The refinancing extends the maturity by 6 months to September 18, 2025, maintaining the same financial institution.
The new terms include monthly interest payments at a variable rate of SOFR plus 25 basis points, with no additional fees. GAP operates a network of 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, along with tourist destinations such as Puerto Vallarta and Los Cabos. The company also manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.
Grupo Aeroportuario del Pacifico (NYSE: PAC) has announced its General Ordinary Shareholders' Meeting scheduled for April 24, 2025, at the Hilton Midtown Hotel in Guadalajara, Mexico. Key agenda items include:
- Review of 2024 financial results and sustainability report
- Approval of net income allocation of Ps. 8.28 billion to retained earnings
- Proposed dividend of Ps. 16.84 per share from retained earnings of Ps. 18.86 billion
- Renewal of share repurchase program for Ps. 2.5 billion
The meeting will also address board member appointments, compensation, and audit committee matters. Shareholders must register and obtain admission cards to attend, with the share registry closing three business days prior to the meeting.
Grupo Aeroportuario del Pacifico (NYSE: PAC) reported mixed passenger traffic results for February 2025. The company's 12 Mexican airports saw a total passenger increase of 2.6% compared to February 2024.
Key performance highlights include:
- Guadalajara airport: +5.8% passenger growth
- Tijuana airport: +2.7% growth
- Los Cabos airport: -3.8% decline
- Puerto Vallarta airport: -1.8% decline
- Montego Bay airport: -9.6% decline
Overall seat capacity increased by 2.8%, while load factors decreased from 82.1% to 81.2% year-over-year. A new route was established between Montego Bay and Raleigh-Durham operated by Avelo.
Grupo Aeroportuario del Pacífico (NYSE: PAC) reported its consolidated results for the fourth quarter of 2024 (4Q24). The company's total revenues increased by 5.4% to reach Ps. 9,667.1 million compared to 4Q23. EBITDA increased by 14.9% to Ps. 4,757.0 million, while comprehensive income rose by 16.2% to Ps. 2,274.3 million.
Key highlights include:
- Aeronautical and non-aeronautical services revenues combined increased by 16.4%
- Non-aeronautical revenues grew significantly by 32.7%, driven by the consolidation of cargo and free trade zone business at Guadalajara Airport
- Total passenger traffic across the company's 14 airports increased by 1.4% compared to 4Q23
- Operating income increased by 11.0% to Ps. 3,825.3 million
- EBITDA margin (excluding IFRIC-12 effects) was 66.9% in 4Q24 compared to 67.8% in 4Q23
For the full year 2024, the company reported a 1.2% increase in total revenues despite a 0.8% decrease in aeronautical services revenues. The company's cash position stood at Ps. 13,466.0 million as of December 31, 2024, and it refinanced its credit line with Santander for Ps. 1,500.0 million during the quarter.
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.