Grupo Aeroportuario del Pacífico (GAP, NYSE: PAC) reported third-quarter passenger traffic of 18.4 million, down 1.4% year over year as international leisure demand weakened, while Guadalajara rose 8%. Revenue excluding construction grew 13.2%, helped by the consolidation of Cross Border Xpress and directly operated businesses, and EBITDA reached MXN 6.1 billion, up 19.2%, with a 67.8% margin. Puerto Vallarta traffic fell 11% amid security concerns, and Montego Bay dropped 23% after Hurricane Melissa hit hotel capacity and connectivity. Nonaeronautical revenue rose 37%, and cargo and bonded warehouse revenue grew 20.7% on electronics and AI manufacturing in Guadalajara. The company reiterated its 2026 passenger traffic guidance of negative 3% to 0% and declared a dividend of MXN 20.80 per share.
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- GAP ( PAC ) Q3 2026 Earnings Call Transcript
Grupo Aeroportuario del Pacífico (PAC) reported third-quarter passenger traffic of 18.4 million, down 1.4% on weak international leisure demand, while revenue excluding construction rose 13.2% on the consolidation of Cross Border Xpress and directly operated businesses. EBITDA reached MXN 6.1 billion, up 19.2%, and the EBITDA margin widened to 67.8% from 64.2%. Guadalajara traffic rose 8%, while Puerto Vallarta fell 11%, Los Cabos 6.8% and Montego Bay 23% after Hurricane Melissa affected hotel capacity and connectivity. Management reiterated 2026 passenger traffic guidance of negative 3% to 0% and announced a dividend of MXN 20.80 per share.
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