Pacific Airport Group Reports 5.5% Passenger Traffic Decrease in February, Citing Hurricane and Local Disruptions
Summary
Pacific Airport Group announced a 5.5% year-over-year decrease in total terminal passenger traffic for February 2026, driven by declines across its Mexican airports and significant drops in Jamaica due to Hurricane Melissa and local events in Jalisco.
Key Events
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Total Passenger Traffic Decline
Overall terminal passenger traffic decreased by 5.5% in February 2026 compared to February 2025.
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Mexican Airport Performance
The 12 Mexican airports saw a 3.2% decrease, with Tijuana (-7.4%), Puerto Vallarta (-5.3%), and Guadalajara (-1.6%) leading the declines.
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Jamaican Airport Disruptions
Montego Bay experienced a significant 31.4% decrease, and Kingston a 2.1% decrease, both attributed to disruptions from Hurricane Melissa.
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Local Event Impact
Guadalajara and Puerto Vallarta airports faced numerous flight cancellations on February 22-23 due to "events" in the State of Jalisco.
Analysis
This 6-K details a notable decline in a key operational metric for Pacific Airport Group, with total passenger traffic down 5.5% year-over-year in February. The decrease is broad-based across its Mexican airports, with major hubs like Tijuana and Guadalajara experiencing declines. The significant 31.4% drop at Montego Bay, Jamaica, due to Hurricane Melissa, and flight cancellations in Jalisco due to unspecified local events, highlight specific headwinds impacting the company's operations. Investors should monitor future traffic reports for signs of recovery, especially in affected regions, and assess the potential impact on upcoming financial results.
At the time of this filing, PAC was trading at $237.35 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $12.3B. The 52-week trading range was $168.62 to $300.41. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.