Pacific Airport Group's July Traffic Rebounds 1.2%, Snapping Two-Month Slide
PAC is trading near its 52-week low of $206.91 (5.1% above the low).
Summary
Pacific Airport Group reported a 1.2% increase in July passenger traffic, breaking a two-month streak of declines. Mexican airports led the rebound, while international tourist destinations remained weak.
Key Events · Earnings and Guidance · PAC
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July Traffic Turns Positive
Total terminal passengers rose 1.2% year-over-year to 5.91 million, reversing declines of 4.1% in May and 5.1% in June.
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Mexican Airports Drive Recovery
The 12 Mexican airports saw a 3.9% increase, led by Guadalajara (+13.2%) and Tijuana (+7.2%).
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International Weakness Persists
International passenger traffic fell 5.3%, with Puerto Vallarta down 29.8% and Montego Bay down 26.6%.
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Load Factors Improve
Load factors rose to 85.2% from 84.8% a year ago, indicating better capacity utilization.
Analysis · PAC · Energy & Transportation
After consecutive monthly declines of 4.1% in May and 5.1% in June, Pacific Airport Group's total passenger traffic turned positive in July, rising 1.2% year-over-year. The recovery was driven by a 3.9% increase at its Mexican airports, with Guadalajara surging 13.2% and Tijuana up 7.2%. International traffic remains a drag, down 5.3%, as resort destinations Puerto Vallarta and Montego Bay continue to struggle. The improvement in load factors to 85.2% suggests better capacity utilization. This data point is the first sign of stabilization after a weak second quarter and could influence the full-year outlook raised just three weeks ago.
At the time of this filing, PAC was trading at $217.52 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $12.9B. The 52-week trading range was $206.91 to $300.41. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.