Pacific Airport Group Reports 8.9% Drop in March Passenger Traffic, Citing Hurricane Impact in Jamaica
Summary
Pacific Airport Group announced a significant 8.9% year-over-year decrease in total terminal passenger traffic for March 2026. This decline was driven by a 7.6% reduction across its 12 Mexican airports and a substantial 25.7% drop at Montego Bay in Jamaica, which the company attributed to disruptions caused by Hurricane Melissa. The decrease in passenger volume, a core operational metric, directly impacts the company's revenue and profitability. Additionally, available seats decreased by 4.5%, and load factors fell from 81.5% to 75.5%, indicating reduced demand. Investors will closely monitor future monthly traffic reports for signs of recovery, particularly in the affected Jamaican operations, and any broader trends in air travel demand across its Mexican portfolio.
At the time of this announcement, PAC was trading at $240.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $168.62 to $300.41. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.