Pacific Airport Group Reports 2.2% Passenger Traffic Decrease in January, Impacted by Hurricane Melissa
Summary
Pacific Airport Group reported a 2.2% decrease in total passenger traffic for January 2026 compared to the prior year, primarily due to significant declines at its Jamaican airports following Hurricane Melissa, despite growth in its Mexican operations.
Key Events
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Overall Passenger Traffic Decline
Total terminal passenger traffic decreased by 2.2% in January 2026 compared to January 2025, reaching 5.52 million passengers.
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Jamaican Operations Severely Impacted
Jamaican airports, Montego Bay and Kingston, recorded significant passenger traffic decreases of 37.7% and 6.9% respectively, attributed to disruptions caused by Hurricane Melissa.
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Mexican Airports Show Growth
The 12 Mexican airports collectively experienced a 1.2% increase in total passenger traffic, with Guadalajara and Puerto Vallarta airports reporting growth of 3.6% and 2.6% respectively.
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Load Factors Decreased
Load factors for the month declined from 83.9% in January 2025 to 79.7% in January 2026, despite a 3.0% increase in available seats.
Analysis
This filing reveals a notable decline in overall passenger traffic for January, primarily driven by the severe impact of Hurricane Melissa on the company's Jamaican operations. While the Mexican airports demonstrated resilience with a collective increase, the overall negative trend, coupled with a decrease in load factors, suggests operational headwinds. Investors should monitor future reports to assess the recovery of Jamaican traffic and the sustained performance of Mexican airports, especially given the stock's current position near its 52-week high.
At the time of this filing, PAC was trading at $276.24 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $13.8B. The 52-week trading range was $168.62 to $287.15. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.