GAP reports a 2.8% decline in May 2026 passenger traffic across its 12 airports compared to May 2025.
Quiver AI Summary
Grupo Aeroportuario del Pacífico (GAP) reported a 2.8% decrease in total passenger traffic at its 12 Mexican airports for May 2026 compared to May 2025. While Guadalajara airport saw a 7.1% increase, other locations like Puerto Vallarta, Tijuana, and Los Cabos experienced significant drops of 14.4%, 9.8%, and 6.0% respectively. Additionally, GAP's Jamaican airports also reported declines, with Montego Bay down 19.1%. Overall, domestic passengers decreased by 1.3%, while international passenger numbers fell by 8.2%. Despite a reduction in available seats by 7.5%, the load factor increased from 81.1% in May 2025 to 84.1% in May 2026.
Potential Positives
- Guadalajara airport experienced a significant increase in passenger traffic of 7.1% compared to May 2025, indicating strong performance and demand in this key market.
- The overall load factor increased to 84.1% in May 2026 from 81.1% in May 2025, suggesting improved operational efficiency and better utilization of available seating capacity.
- The company reported a marginal decrease of only 1.3% in total passenger traffic year-over-year, which is relatively stable compared to broader industry trends.
Potential Negatives
- Total passenger traffic decreased by 2.8% compared to the same month last year, indicating a downward trend in demand.
- Several key airports, including Puerto Vallarta and Tijuana, reported significant decreases in passenger traffic (14.4% and 9.8%, respectively), which could impact revenue.
- The overall number of available seats decreased by 7.5%, suggesting potential cutbacks in operations or reduced airline confidence in the market.
FAQ
What was the total passenger traffic change for GAP in May 2026?
Grupo Aeroportuario del Pacífico reported a 2.8% decrease in total passenger traffic compared to May 2025.
Which airport saw the highest growth in passenger traffic?
Guadalajara airport recorded a 7.1% increase in passenger traffic compared to May 2025.
What was the trend in passenger numbers for Puerto Vallarta?
Puerto Vallarta experienced a significant decrease of 14.4% in passenger traffic compared to May 2025.
How did domestic passenger numbers change in GAP airports?
GAP's domestic terminal passengers fell by 1.3% in May 2026, compared to the previous year.
What are the overall trends for international passenger traffic?
The total international passenger traffic decreased by 8.2% in May 2026 compared to May 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
GUADALAJARA, Mexico, June 05, 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 May 2026, compared with May 2025.
During May 2026, the 12 Mexican airports operated by GAP recorded a 2.8% decrease in total passenger traffic compared to May 2025. Guadalajara airport reported an increase of 7.1%, while Puerto Vallarta, Tijuana and Los Cabos reported a decrease of 14.4%, 9.8%, and 6.0%, respectively, compared to May 2025. With respect to GAP’s airports in Jamaica, Montego Bay recorded a decrease of 19.1%, while Montego Bay recorded a decrease of 5.2%.
| Domestic Terminal Passengers (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Guadalajara | 1,023.4 | 1,085.9 | 6.1% | 5,112.0 | 5,187.7 | 1.5% |
| Tijuana* | 730.5 | 664.5 | (9.0%) | 3,536.6 | 3,304.7 | (6.6%) |
| Los Cabos | 245.0 | 247.0 | 0.8% | 1,168.5 | 1,116.2 | (4.5%) |
| Puerto Vallarta | 278.2 | 266.7 | (4.1%) | 1,210.2 | 1,166.5 | (3.6%) |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 194.1 | 181.3 | (6.6%) | 903.7 | 871.3 | (3.6%) |
| Hermosillo | 184.5 | 179.1 | (2.9%) | 877.6 | 825.7 | (5.9%) |
| Kingston | 0.0 | 0.1 | 140.0% | 0.1 | 0.8 | 489.7% |
| Morelia | 59.4 | 55.6 | (6.3%) | 305.6 | 306.9 | 0.4% |
| La Paz | 107.0 | 122.0 | 14.0% | 499.4 | 559.1 | 11.9% |
| Mexicali | 103.6 | 86.9 | (16.1%) | 501.8 | 437.1 | (12.9%) |
| Aguascalientes | 60.7 | 53.6 | (11.6%) | 265.8 | 247.7 | (6.8%) |
| Los Mochis | 58.1 | 61.5 | 5.8% | 289.6 | 285.5 | (1.4%) |
| Manzanillo | 10.3 | 10.0 | (2.4%) | 55.8 | 52.8 | (5.3%) |
| Total | 3,054.6 | 3,014.2 | (1.3 %) | 14,726.7 | 14,361.9 | (2.5 %) |
| International Terminal Passengers (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Guadalajara | 457.5 | 499.9 | 9.3% | 2,417.4 | 2,459.2 | 1.7% |
| Tijuana* | 336.6 | 297.9 | (11.5%) | 1,702.5 | 1,508.3 | (11.4%) |
| Los Cabos | 367.3 | 328.8 | (10.5%) | 2,193.2 | 2,101.6 | (4.2%) |
| Puerto Vallarta | 236.1 | 173.5 | (26.5%) | 2,084.3 | 1,740.0 | (16.5%) |
| Montego Bay | 395.4 | 320.1 | (19.1%) | 2,164.8 | 1,573.0 | (27.3%) |
| Guanajuato | 80.3 | 71.9 | (10.4%) | 427.7 | 402.0 | (6.0%) |
| Hermosillo | 6.7 | 7.7 | 14.7% | 33.7 | 36.6 | 8.5% |
| Kingston | 146.3 | 138.7 | (5.2%) | 729.3 | 699.2 | (4.1%) |
| Morelia | 49.7 | 62.6 | 25.9% | 279.9 | 343.3 | 22.7% |
| La Paz | 3.1 | 4.7 | 51.9% | 14.8 | 21.9 | 48.2% |
| Mexicali | 0.5 | 0.7 | 29.5% | 2.9 | 3.0 | 5.7% |
| Aguascalientes | 28.7 | 29.0 | 0.9% | 129.8 | 135.7 | 4.6% |
| Los Mochis | 0.7 | 0.7 | 6.4% | 3.2 | 3.3 | 1.9% |
| Manzanillo | 5.1 | 4.7 | (6.3%) | 58.7 | 49.3 | (16.1%) |
| Total | 2,113.9 | 1,940.9 | (8.2 %) | 12,242.2 | 11,076.4 | (9.5 %) |
| Total Terminal Passengers (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Guadalajara | 1,480.8 | 1,585.8 | 7.1% | 7,529.4 | 7,646.9 | 1.6% |
| Tijuana* | 1,067.1 | 962.4 | (9.8%) | 5,239.2 | 4,813.0 | (8.1%) |
| Los Cabos | 612.3 | 575.8 | (6.0%) | 3,361.7 | 3,217.8 | (4.3%) |
| Puerto Vallarta | 514.3 | 440.2 | (14.4%) | 3,294.5 | 2,906.5 | (11.8%) |
| Montego Bay | 395.4 | 320.1 | (19.1%) | 2,164.8 | 1,573.0 | (27.3%) |
| Guanajuato | 274.4 | 253.3 | (7.7%) | 1,331.4 | 1,273.3 | (4.4%) |
| Hermosillo | 191.2 | 186.8 | (2.3%) | 911.3 | 862.3 | (5.4%) |
| Kingston | 146.4 | 138.8 | (5.2%) | 729.5 | 700.0 | (4.0%) |
| Morelia | 109.0 | 118.2 | 8.4% | 585.5 | 650.2 | 11.0% |
| La Paz | 110.1 | 126.8 | 15.1% | 514.2 | 581.0 | 13.0% |
| Mexicali | 104.1 | 87.6 | (15.9%) | 504.6 | 440.2 | (12.8%) |
| Aguascalientes | 89.3 | 82.6 | (7.6%) | 395.6 | 383.4 | (3.1%) |
| Los Mochis | 58.7 | 62.1 | 5.9% | 292.8 | 288.8 | (1.4%) |
| Manzanillo | 15.4 | 14.8 | (3.7%) | 114.5 | 102.1 | (10.9%) |
| Total | 5,168.5 | 4,955.2 | (4.1 %) | 26,968.8 | 25,438.4 | (5.7 %) |
*Passengers in Tijuana who use CBX in both directions are classified as international.
| CBX users (in thousands): | ||||||
| Airport | May-25 | May-26 | % Change | Jan - May 25 | Jan - May 26 | % Change |
| Tijuana | 329.8 | 293.5 | (11.0%) | 1,673.0 | 1,489.2 | (11.0%) |
Highlights for the month:
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Seats and load factors
The seats available during May 2026 decreased by 7.5%, compared to May 2025. The load factors for the month went from 81.1% in May 2025 to 84.1% in May 2026.
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 [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
|
Alejandra Soto, Investor Relations and Social Responsibility Officer
Gisela Murillo, Investor Relations |
[email protected]
[email protected] +52 33 3880 1100 ext. 20294 |
