Grupo Aeroportuario del Pacifico reports Q1 results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
0mins
Should l Buy PAC?
Source: SeekingAlpha
Q1 Financial Performance: Grupo Aeroportuario del Pacífico reported a Q1 GAAP EPADS of Ps.2.72 and revenue of Ps.11.06 billion, reflecting a 30.1% year-over-year increase.
Passenger Growth and Future Outlook: The company noted a 7% rise in terminal passengers across its 12 Mexican airports in March and has initiated its fiscal year 2025 outlook following the Q4 results.
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Analyst Views on PAC
Wall Street analysts forecast PAC stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 283.870
Low
260.00
Averages
260.00
High
260.00
Current: 283.870
Low
260.00
Averages
260.00
High
260.00
About PAC
Grupo Aeroportuario del Pacifico SAB de CV is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GAP Reports 1.2% Increase in January 2026 Passenger Traffic
- Traffic Growth: In January 2026, GAP's 12 Mexican airports recorded a 1.2% increase in total passenger traffic compared to January 2025, indicating signs of market recovery, particularly with Guadalajara and Puerto Vallarta airports growing by 3.6% and 2.6%, respectively, which is expected to enhance overall company revenue.
- International Traffic Decline: Despite domestic traffic growth, international passenger numbers fell by 6.9%, primarily due to a significant 37.7% decrease at Jamaica's Montego Bay airport caused by Hurricane Melissa, which may exert short-term pressure on GAP's international operations.
- Seat and Load Factor Changes: Available seats increased by 3.0% in January 2026, yet the load factor dropped from 83.9% to 79.7%, indicating that while seat capacity has expanded, passenger demand has not kept pace, potentially impacting the company's profitability.
- Market Outlook: With the growth in domestic traffic and increased seating capacity, GAP may benefit in future market competition, especially against the backdrop of tourism recovery, which is expected to attract more domestic and international travelers, further driving revenue growth.
See More
Grupo Aeroportuario del Pacifico Refinances $95.5 Million Debt
- Successful Refinancing: Grupo Aeroportuario del Pacifico has successfully refinanced $95.5 million in debt, demonstrating strong performance in capital markets and enhancing its financial flexibility.
- Reduced Financial Costs: This refinancing is expected to lower the company's interest expenses, thereby improving overall financial health and providing more capital for future investments.
- Increased Market Confidence: This move not only boosts investor confidence in the company but may also attract more investors, potentially driving up stock prices further.
- Support for Strategic Development: Proceeds from the refinancing will be used to support the company's long-term strategic initiatives, ensuring competitiveness in future projects and achieving sustainable growth.
See More
Grupo Aeroportuario del Pacífico Refinances $95.5 Million Loan with Scotiabank
- Loan Refinancing: Grupo Aeroportuario del Pacífico successfully refinanced a $95.5 million bank loan with The Bank of Nova Scotia, establishing a new 12-month financing agreement that reflects the company's flexibility and stability in managing its financial obligations.
- Interest Payment Structure: The new loan will incur monthly interest payments with no additional fees, which will aid the company in optimizing cash flow management and reducing financial costs, thereby enhancing its competitive edge in airport operations.
- Strategic Development Context: Operating 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, this refinancing will support the company's ongoing expansion and service quality improvements, further solidifying its market position.
- Future Outlook: With a maturity date of January 19, 2027, and an option for early repayment, this loan structure provides the company with flexible financial strategies, allowing it to adjust capital usage based on market conditions and enhancing its ability to navigate future uncertainties.
See More
Grupo Aeroportuario del Pacifico (PAC) Stock Surpasses Analyst Target Price of $267.67
- Price Breakthrough: Grupo Aeroportuario del Pacifico's stock price reached $269.27, surpassing the analyst 12-month target price of $267.67, indicating increased market confidence and potentially attracting more investor interest.
- Analyst Reactions: Analysts may adjust their target prices based on fundamental changes, with current targets ranging from $250.00 to $280.00 and a standard deviation of $15.695, reflecting differing market expectations.
- Investor Signal: The stock's breach of the target price provides a signal for investors to reassess the company, prompting considerations of whether to hold or reduce positions, which could impact short-term market liquidity.
- Wisdom of Crowds: The average analyst target price embodies the
See More
GAP Reports 4.2% Increase in December 2025 Passenger Traffic
- Passenger Traffic Growth: In December 2025, GAP's 12 Mexican airports recorded a 4.2% increase in total passenger traffic compared to December 2024, indicating a positive recovery post-pandemic and enhancing the company's competitive position in the aviation market.
- Individual Airport Performance: Guadalajara and Puerto Vallarta airports achieved growth rates of 9.2% and 4.0%, respectively, reflecting a rebound in travel demand that further boosts the company's overall performance.
- International Route Adjustments: Due to Hurricane Melissa, passenger traffic at Jamaica's Montego Bay and Kingston airports decreased by 43.8% and 2.9%, respectively, highlighting the potential risks of natural disasters on the aviation industry and possibly impacting future revenue forecasts.
- Seat and Load Factor Changes: Available seats increased by 10.6% in December 2025, yet the load factor dropped from 85.5% to 77.4%, indicating a supply-demand imbalance in the market that may necessitate operational strategy adjustments to optimize revenue.
See More
GAP Shareholders Approve Merger with CBX, Issuing 90 Million New Shares
- Shareholder Support for Merger: With 88.1% of shareholders present, approximately 96% voted in favor of GAP's merger with Cross Border Xpress, marking a significant milestone in the company's new stage of development.
- New Share Issuance Plan: Following the merger, approximately 90 million new shares are expected to be issued, increasing total shares from about 505 million to approximately 595 million, thereby enhancing the company's capital structure to support future expansion.
- Technical Assistance and Support: The merger also includes technical assistance and technology transfer services aimed at improving GAP's operational efficiency and service quality, which will enhance its competitive position in the market.
- International Governance Standards: GAP adhered to the highest international corporate governance standards throughout the merger proposal process, ensuring compliance with the “majority of the minority” principle, thereby enhancing company transparency and shareholder trust.
See More
GAP Reports 1.2% Increase in January 2026 Passenger Traffic
- Traffic Growth: In January 2026, GAP's 12 Mexican airports recorded a 1.2% increase in total passenger traffic compared to January 2025, indicating signs of market recovery, particularly with Guadalajara and Puerto Vallarta airports growing by 3.6% and 2.6%, respectively, which is expected to enhance overall company revenue.
- International Traffic Decline: Despite domestic traffic growth, international passenger numbers fell by 6.9%, primarily due to a significant 37.7% decrease at Jamaica's Montego Bay airport caused by Hurricane Melissa, which may exert short-term pressure on GAP's international operations.
- Seat and Load Factor Changes: Available seats increased by 3.0% in January 2026, yet the load factor dropped from 83.9% to 79.7%, indicating that while seat capacity has expanded, passenger demand has not kept pace, potentially impacting the company's profitability.
- Market Outlook: With the growth in domestic traffic and increased seating capacity, GAP may benefit in future market competition, especially against the backdrop of tourism recovery, which is expected to attract more domestic and international travelers, further driving revenue growth.
See More
Grupo Aeroportuario del Pacifico Refinances $95.5 Million Debt
- Successful Refinancing: Grupo Aeroportuario del Pacifico has successfully refinanced $95.5 million in debt, demonstrating strong performance in capital markets and enhancing its financial flexibility.
- Reduced Financial Costs: This refinancing is expected to lower the company's interest expenses, thereby improving overall financial health and providing more capital for future investments.
- Increased Market Confidence: This move not only boosts investor confidence in the company but may also attract more investors, potentially driving up stock prices further.
- Support for Strategic Development: Proceeds from the refinancing will be used to support the company's long-term strategic initiatives, ensuring competitiveness in future projects and achieving sustainable growth.
See More
Grupo Aeroportuario del Pacífico Refinances $95.5 Million Loan with Scotiabank
- Loan Refinancing: Grupo Aeroportuario del Pacífico successfully refinanced a $95.5 million bank loan with The Bank of Nova Scotia, establishing a new 12-month financing agreement that reflects the company's flexibility and stability in managing its financial obligations.
- Interest Payment Structure: The new loan will incur monthly interest payments with no additional fees, which will aid the company in optimizing cash flow management and reducing financial costs, thereby enhancing its competitive edge in airport operations.
- Strategic Development Context: Operating 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, this refinancing will support the company's ongoing expansion and service quality improvements, further solidifying its market position.
- Future Outlook: With a maturity date of January 19, 2027, and an option for early repayment, this loan structure provides the company with flexible financial strategies, allowing it to adjust capital usage based on market conditions and enhancing its ability to navigate future uncertainties.
See More
Grupo Aeroportuario del Pacifico (PAC) Stock Surpasses Analyst Target Price of $267.67
- Price Breakthrough: Grupo Aeroportuario del Pacifico's stock price reached $269.27, surpassing the analyst 12-month target price of $267.67, indicating increased market confidence and potentially attracting more investor interest.
- Analyst Reactions: Analysts may adjust their target prices based on fundamental changes, with current targets ranging from $250.00 to $280.00 and a standard deviation of $15.695, reflecting differing market expectations.
- Investor Signal: The stock's breach of the target price provides a signal for investors to reassess the company, prompting considerations of whether to hold or reduce positions, which could impact short-term market liquidity.
- Wisdom of Crowds: The average analyst target price embodies the
See More
GAP Reports 4.2% Increase in December 2025 Passenger Traffic
- Passenger Traffic Growth: In December 2025, GAP's 12 Mexican airports recorded a 4.2% increase in total passenger traffic compared to December 2024, indicating a positive recovery post-pandemic and enhancing the company's competitive position in the aviation market.
- Individual Airport Performance: Guadalajara and Puerto Vallarta airports achieved growth rates of 9.2% and 4.0%, respectively, reflecting a rebound in travel demand that further boosts the company's overall performance.
- International Route Adjustments: Due to Hurricane Melissa, passenger traffic at Jamaica's Montego Bay and Kingston airports decreased by 43.8% and 2.9%, respectively, highlighting the potential risks of natural disasters on the aviation industry and possibly impacting future revenue forecasts.
- Seat and Load Factor Changes: Available seats increased by 10.6% in December 2025, yet the load factor dropped from 85.5% to 77.4%, indicating a supply-demand imbalance in the market that may necessitate operational strategy adjustments to optimize revenue.
See More
GAP Shareholders Approve Merger with CBX, Issuing 90 Million New Shares
- Shareholder Support for Merger: With 88.1% of shareholders present, approximately 96% voted in favor of GAP's merger with Cross Border Xpress, marking a significant milestone in the company's new stage of development.
- New Share Issuance Plan: Following the merger, approximately 90 million new shares are expected to be issued, increasing total shares from about 505 million to approximately 595 million, thereby enhancing the company's capital structure to support future expansion.
- Technical Assistance and Support: The merger also includes technical assistance and technology transfer services aimed at improving GAP's operational efficiency and service quality, which will enhance its competitive position in the market.
- International Governance Standards: GAP adhered to the highest international corporate governance standards throughout the merger proposal process, ensuring compliance with the “majority of the minority” principle, thereby enhancing company transparency and shareholder trust.
See More
