AG˹ٷ

STOCK TITAN

Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Increase in July 2025 of 3.1% Compared to 2024

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Grupo Aeroportuario del Pacifico (NYSE:PAC) reported a 3.1% increase in total terminal passengers for July 2025 compared to July 2024, reaching 5.8 million passengers. The company's 12 Mexican airports saw domestic traffic grow by 4.0% and international traffic rise by 1.9%.

Notable performances include Montego Bay with a 15.2% increase in passenger traffic, while Tijuana experienced a 3.1% decrease. The company's available seats increased by 6.0%, though load factors decreased from 87.2% to 84.8%. GAP also launched multiple new routes across its network, particularly expanding connectivity for Morelia airport.

Grupo Aeroportuario del Pacífico (NYSE:PAC) ha riportato un aumento del 3,1% nel numero totale di passeggeri terminal per luglio 2025 rispetto a luglio 2024, raggiungendo 5,8 milioni di passeggeri. I 12 aeroporti messicani della compagnia hanno registrato una crescita del traffico nazionale del 4,0% e un incremento del traffico internazionale del 1,9%.

Tra le performance più rilevanti spicca Montego Bay con un aumento del 15,2% del traffico passeggeri, mentre Tijuana ha subito una diminuzione del 3,1%. I posti disponibili sono aumentati del 6,0%, sebbene il fattore di riempimento sia sceso dal 87,2%84,8%. GAP ha inoltre inaugurato numerose nuove rotte nella sua rete, espandendo in particolare la connettività per l’aeroporto di Morelia.

Grupo Aeroportuario del Pacífico (NYSE:PAC) reportó un aumento del 3,1% en el total de pasajeros terminales para julio de 2025 en comparación con julio de 2024, alcanzando 5,8 millones de pasajeros. Los 12 aeropuertos mexicanos de la compañía registraron un crecimiento del tráfico doméstico del 4,0% y un incremento del tráfico internacional del 1,9%.

Destacan los resultados de Montego Bay con un aumento del 15,2% en el tráfico de pasajeros, mientras que Tijuana experimentó una disminución del 3,1%. Los asientos disponibles aumentaron un 6,0%, aunque los factores de ocupación bajaron del 87,2% al 84,8%. GAP también lanzó múltiples nuevas rutas en su red, ampliando especialmente la conectividad para el aeropuerto de Morelia.

그루� 아에로푸에르투아리오 � 파시피코 (NYSE:PAC)� 2025� 7� � 터미� 승객 수가 2024� 7� 대� 3.1% 증가여 580� �� 달했다고 보고했습니다. 회사가 운영하 12개의 멕시� 공항에서� 국내 교통� 4.0% 증가했고 국제 교통� 1.9% 상승했습니다.

특히 몬테� 베이� 승객 수가 15.2% 증가했으�, 티후아나3.1% 감소했습니다. 이용 가능한 좌석 수 6.0% 늘었으나 탑승률은 87.2%에서 84.8%� 하락했습니다. GAP� 또한 네트워크 전반� 걸쳐 여러 신규 노선� 개설했으�, 특히 모렐리아 공항� 연결성을 확장했습니다.

Grupo Aeroportuario del Pacífico (NYSE:PAC) a annoncé une augmentation de 3,1% du nombre total de passagers en terminal pour juillet 2025 par rapport à juillet 2024, atteignant 5,8 millions de passagers. Les 12 aéroports mexicains de la société ont vu le trafic domestique croître de 4,0% et le trafic international augmenter de 1,9%.

Parmi les performances notables, Montego Bay a enregistré une hausse de 15,2% du trafic passagers, tandis que Tijuana a connu une baisse de 3,1%. Les sièges disponibles ont augmenté de 6,0%, bien que le taux de remplissage soit passé de 87,2% à 84,8%. GAP a également lancé plusieurs nouvelles routes à travers son réseau, élargissant notamment la connectivité de l’aéroport de Morelia.

Grupo Aeroportuario del Pacífico (NYSE:PAC) meldete für Juli 2025 im Vergleich zu Juli 2024 einen 3,1%igen Anstieg der Gesamtzahl der Terminalpassagiere und erreichte 5,8 Millionen Passagiere. Die 12 mexikanischen Flughäfen des Unternehmens verzeichneten ein Wachstum des Inlandsverkehrs um 4,0% und des internationalen Verkehrs um 1,9%.

Besonders hervorzuheben ist Montego Bay mit einem 15,2%igen Anstieg des Passagieraufkommens, während Tijuana einen Rückgang von 3,1% verzeichnete. Die verfügbaren Sitzplätze stiegen um 6,0%, jedoch sank die Auslastung von 87,2% auf 84,8%. GAP hat zudem mehrere neue Strecken im Netzwerk gestartet und dabei insbesondere die Anbindung des Flughafens Morelia ausgebaut.

Positive
  • Total passenger traffic increased 3.1% to 5.8 million passengers
  • Montego Bay airport showed strong growth with 15.2% increase in traffic
  • Domestic passenger traffic grew 4.0% across Mexican airports
  • Significant network expansion with multiple new routes added
  • Available seats capacity increased by 6.0%
Negative
  • Load factors decreased from 87.2% to 84.8%
  • Tijuana airport traffic declined 3.1%
  • CBX users at Tijuana decreased 11.8%
  • Puerto Vallarta international traffic decreased 5.1%

Insights

GAP reports 3.1% traffic growth with strong domestic performance, though international growth slowed with mixed airport results.

Grupo Aeroportuario del Pacífico's 3.1% passenger growth in July 2025 continues their recovery trajectory but reveals significant operational divergence across their airport portfolio. The 4.0% increase in domestic traffic substantially outperformed the modest 1.9% growth in international passengers, pointing to stronger local Mexican travel demand versus international tourism.

The standout performer was Montego Bay with 15.2% international growth, likely benefiting from new routes including Baltimore-Washington and Quito connections. This Jamaica asset is providing crucial diversification as Mexican airports showed mixed performance. Smaller regional airports like Mexicali (27.6%), Morelia (22.2%), and Los Mochis (22.0%) delivered exceptional growth, suggesting GAP's strategy of developing secondary markets is bearing fruit.

However, concerning signals emerged from Tijuana's 3.1% decline, particularly the 11.8% drop in CBX border crossing users which typically represent higher-yield passengers. The reduction suggests possible challenges in cross-border travel that could impact profitability despite overall traffic growth. This decline merits scrutiny as Tijuana represents approximately 20% of GAP's total passenger volume.

The decrease in load factors from 87.2% to 84.8% despite a 6.0% increase in seat capacity signals potential yield pressure. Airlines are adding capacity faster than passenger demand is growing, which typically leads to fare competition and potentially lower aeronautical revenues per passenger for GAP.

GAP's aggressive route development strategy is evident with 17 new routes launched, primarily enhancing connectivity for Morelia (8 new routes) and expanding international connectivity to the US. This network expansion should support continued traffic growth but may temporarily suppress load factors until demand fully materializes for these routes.

GUADALAJARA, Mexico, Aug. 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 July 2025, compared with July 2024.

During this period, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 1.8%, compared to July 2024. Guadalajara and Puerto Vallarta airports presented an increase in passenger traffic of 0.7% and 0.4%, respectively, while Los Cabos remained flat and Tijuana airport decreased 3.1%, compared to July 2024. On the other hand, Montego Bay presented an increase in passenger traffic of 15.2%, compared to July 2024.

Domestic Terminal Passengers (in thousands):

AirportJul-24Jul-25% ChangeJan - Jul 24Jan - Jul 25% Change
Guadalajara1,085.21,092.50.7%6,751.77,204.66.7%
Tijuana*763.8776.31.6%4,847.24,972.92.6%
Los Cabos293.5282.9(3.6%)1,621.81,691.54.3%
Puerto Vallarta306.8321.54.8%1,624.21,805.411.2%
Montego Bay0.00.0N/A0.00.0N/A
Guanajuato185.4204.010.1%1,183.61,296.49.5%
Hermosillo183.7195.66.5%1,172.21,249.86.6%
Kingston0.40.1(69.6%)1.60.3(81.3%)
Morelia58.576.330.3%358.0435.521.6%
La Paz116.6126.48.4%676.0735.18.8%
Mexicali95.1121.427.7%609.7720.218.1%
Aguascalientes53.359.511.6%361.9378.74.6%
Los Mochis50.561.722.2%318.5406.127.5%
Manzanillo10.411.611.1%76.777.71.4%
Total3,203.23,329.84.0%19,603.020,974.37.0%

International Terminal Passengers (in thousands):

AirportJul-24Jul-25% ChangeJan - Jul 24Jan - Jul 25% Change
Guadalajara560.4563.90.6%3,420.53,458.11.1%
Tijuana*428.1379.1(11.5%)2,362.22,445.73.5%
Los Cabos393.2403.92.7%3,001.03,011.10.3%
Puerto Vallarta241.5229.1(5.1%)2,682.92,550.7(4.9%)
Montego Bay443.4510.615.2%3,185.73,114.2(2.2%)
Guanajuato108.2108.70.5%597.5624.54.5%
Hermosillo7.06.8(2.5%)50.647.0(7.1%)
Kingston177.6191.88.0%988.21,073.38.6%
Morelia62.771.914.7%376.6401.96.7%
La Paz0.92.5192.5%7.020.1186.9%
Mexicali0.70.812.7%4.44.4(1.5%)
Aguascalientes32.132.40.8%183.3188.52.8%
Los Mochis0.80.98.7%4.84.8(1.2%)
Manzanillo3.54.013.2%59.666.110.9%
Total2,460.02,506.21.9%16,924.417,010.40.5%

Total Terminal Passengers (in thousands):

AirportJul-24Jul-25% ChangeJan - Jul 24Jan - Jul 25% Change
Guadalajara1,645.61,656.40.7%10,172.110,662.74.8%
Tijuana*1,192.01,155.3(3.1%)7,209.47,418.72.9%
Los Cabos686.7686.80.0%4,622.84,702.71.7%
Puerto Vallarta548.3550.60.4%4,307.14,356.11.1%
Montego Bay443.4510.615.2%3,185.73,114.2(2.2%)
Guanajuato293.6312.86.5%1,781.11,920.87.8%
Hermosillo190.7202.56.1%1,222.81,296.76.0%
Kingston178.0191.97.8%989.81,073.68.5%
Morelia121.2148.122.2%734.6837.414.0%
La Paz117.4128.99.8%683.0755.310.6%
Mexicali95.8122.227.6%614.1724.618.0%
Aguascalientes85.491.87.5%545.2567.24.0%
Los Mochis51.362.622.0%323.4410.927.1%
Manzanillo13.915.611.6%136.3143.95.6%
Total5,663.35,836.03.1%36,527.437,984.74.0%

CBX users (in thousands):

AirportJul-24Jul-25% ChangeJan - Jul 24Jan - Jul 25% Change
Tijuana421.3371.6(11.8%)2,328.92,401.23.1%

Highlights for the month:

  • Seats and load factors: The seats available during July 2025 increased by 6.0%, compared to July 2024. The load factors for the month went from 87.2% in July 2024 to 84.8% in July 2025.
  • New routes:
    Aguascalientes � La Paz: TAR
    Guanajuato � Ontario, California: Volaris
    La Paz � Aguascalientes: TAR
    La Paz � Los Mochis: TAR
    Los Mochis � La Paz: TAR
    Morelia � Mexicali: Volaris
    Morelia � Puerto Vallarta: Volaris
    Morelia � Zihuatanejo: Volaris
    Morelia � Dallas-Fort Worth: Volaris
    Morelia � Houston (IAH): Volaris
    Morelia � Ontario, California: Volaris
    Morelia � Sacramento: Volaris
    Morelia � San Antonio: Volaris
    Mexicali � Morelia: Volaris
    Puerto Vallarta � Morelia: Volaris
    Los Cabos � Ontario, California: Volaris
    Montego Bay � Baltimore-Washington: Spirit
    Montego Bay � Quito: Aeroregional
    Montego Bay � Kingston: LIAT Air
    Kingston � Montego Bay: LIAT Air
    Guadalajara � Nueva York (EWR): Volaris

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[email protected]
Gisela Murillo, Investor Relations[email protected]
+52 33 3880 1100 ext. 20294



FAQ

What was PAC's total passenger traffic growth in July 2025?

Grupo Aeroportuario del Pacifico reported a 3.1% increase in total passenger traffic, reaching 5.8 million passengers in July 2025 compared to July 2024.

Which PAC airport showed the strongest growth in July 2025?

Montego Bay airport showed the strongest growth with a 15.2% increase in passenger traffic compared to July 2024.

How did PAC's domestic and international traffic perform in July 2025?

PAC's domestic traffic increased by 4.0% to 3.3 million passengers, while international traffic grew by 1.9% to 2.5 million passengers.

What were PAC's load factors in July 2025?

PAC's load factors decreased from 87.2% in July 2024 to 84.8% in July 2025, despite a 6.0% increase in available seats.

How many new routes did PAC announce in July 2025?

PAC announced 18 new routes across its network, with significant expansion particularly for Morelia airport, including connections to multiple U.S. destinations.
Grupo Aeroport

NYSE:PAC

PAC Rankings

PAC Latest News

PAC Latest SEC Filings

PAC Stock Data

11.55B
50.53M
15.31%
0.41%
Airports & Air Services
Industrials
Mexico
Guadalajara