Recent Updates — GPAEF
Grupo Aeroportuario del Pacífico announces a cash dividend of Ps. 20.80 per outstanding share, payable on November 6, 2026. The distribution was approved by shareholders at the Annual General Ordinary Shareholders’ Meeting held on April 22, 2026. Payment is made upon presentation of coupon No. 42 of the corresponding share certificates. Grupo Aeroportuario del Pacífico operates a network of airports throughout Mexico’s Pacific region and holds interests in Jamaican airport operations.
Grupo Aeroportuario del Pacífico reported consolidated results for the third quarter ended September 30, 2026, showing a 19.2% increase in EBITDA to Ps. 6,064.6 million from Ps. 5,085.6 million in the prior year period. Net income rose 8.1% to Ps. 2,914.1 million, driven by a 21.8% increase in total revenues to Ps. 11,667.8 million and an 8.1% rise in operating income. The results include the consolidation of Cross Border Xpress (CBX) operations following a business combination effective May 1, 2026, which contributed Ps. 558.2 million to EBITDA. Passenger traffic across its 14 airports decreased by 1.4% year-over-year, while comprehensive income increased by 32.8%. The company operates airport infrastructure and services in Mexico's Pacific region and Jamaica.
Pacific Airport Group announced a 7.3% decline in total terminal passenger traffic for September 2026 compared to the same period in 2025, driven by reduced airline seat capacity and adverse weather from Hurricane Polo. Total passengers fell to 4.1 million from 4.4 million, with significant drops at Tijuana (-12.1%), Puerto Vallarta (-10.4%), and Los Cabos (-7.5%). The company operates 12 airports in Mexico's Pacific region and two in Jamaica.
Grupo Aeroportuario del Pacífico executed bank credit facilities totaling Ps. 8,000 million with Santander, BBVA, HSBC, J.P. Morgan, and Scotiabank. The funds will be drawn down gradually to refinance long-term debt certificates maturing in September and October 2026 and finance capital expenditures under the Master Development Program. Specifically, Ps. 4,258 million will repay GAP22L (Ps. 2,758 million) and GAP21-V (Ps. 1,500 million) certificates, while Ps. 3,742 million funds capital projects. The facilities carry terms of 6 to 12 months with an option for a six-month extension, priced at Funding TIIE plus 45 basis points. Grupo Aeroportuario del Pacífico operates airport infrastructure across Mexico's Pacific region and in Jamaica.