Business Context and Reporting Period
Company: Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (Pacific Airport Group)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Preliminary passenger traffic data for April 2026 and the first four months of 2026 (January–April).
Date of Filing: May 5, 2026
Operations: The company operates 12 airports in Mexico's Pacific region and two airports in Jamaica (Montego Bay and Kingston).
Key Financial and Operational Metrics
Note: This filing contains operational traffic data only. No revenue, profit, cash flow, margin, debt, or liquidity figures are provided in this document.
Passenger Traffic (April 2026 vs. April 2025)
- Total Terminal Passengers: Decreased 7.6% to 5.11 million.
- Domestic Passengers: Decreased 5.0% to 2.98 million.
- International Passengers: Decreased 10.8% to 2.14 million.
- Seats Available: Decreased 8.3%.
- Load Factor: Increased from 80.8% to 81.5%.
Key Airport Performance (April 2026)
- Guadalajara: Total traffic increased 0.9%.
- Puerto Vallarta: Total traffic decreased 17.0%.
- Tijuana: Total traffic decreased 10.5%.
- Los Cabos: Total traffic decreased 8.1%.
- Montego Bay (Jamaica): Total traffic decreased 22.0%.
- Kingston (Jamaica): Total traffic decreased 6.0%.
Material Changes vs. Prior Period
The primary material change is a broad decline in passenger traffic across the portfolio, driven by specific regional factors:
- Hurricane Impact: Montego Bay traffic dropped 22.0% in April 2026 due to disruptions caused by Hurricane Melissa.
- YTD Performance (Jan–Apr 2026): Total traffic for the first four months decreased 6.0% compared to the same period in 2025.
- Capacity Reduction: Airlines reduced seat availability by 8.3% in April 2026, yet load factors improved slightly, indicating a tighter supply-demand balance despite lower absolute volumes.
Outlook, Risks, and Contingencies
Management Commentary: The filing attributes the significant decline in Montego Bay traffic directly to Hurricane Melissa. No specific forward-looking financial guidance or revenue projections are included in this report.
Risks and Contingencies:
- Natural Disasters: The filing highlights the vulnerability of operations to weather events, specifically citing the impact of Hurricane Melissa on Jamaican operations.
- Forward-Looking Statements: The document includes a standard disclaimer that future results may differ materially from current expectations due to economic conditions, industry trends, and operating factors.
Investor Verification Checklist
- Verify the extent of physical damage and recovery timeline for Montego Bay airport following Hurricane Melissa.
- Confirm whether the 8.3% reduction in seat capacity is a temporary airline adjustment or a structural shift in route networks.
- Review upcoming quarterly financial reports (Form 20-F or 10-Q) to quantify the revenue impact of the 7.6% traffic decline.
- Monitor the performance of Guadalajara airport, which was the only major hub to report growth in April 2026.
- Assess the impact of the CBX (Cross Border Xpress) passenger classification on Tijuana's international traffic metrics.