GUADALAJARA, Mexico, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“GAP”) announces that, during its Ordinary and Extraordinary General Shareholders’ Meeting, with a quorum of 88.1% of its shareholders, around 96% of the votes cast approved the business combination of the Cross Border Xpress (CBX) and the provision of technical assistance and technology transfer services. This business combination will be carried out through the merger of various e ...

GUADALAJARA, Mexico, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for November 2025, compared with November 2024. During this period, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 3.5%, compared to November 2024. Guadalajara and Puerto Vallarta airports presented an increase in passenger traffic of 6.7% and 4.5%, respectively, whil ...

Core Insights - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is considered one of the best Mexican stocks to invest in, with an upgrade from JPMorgan to Overweight from Neutral, and a price target adjustment to 460 Mexican pesos from 465 Mexican pesos [1][2] Company Overview - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. is a Mexican airport operator based in Guadalajara, managing 12 airports in central and northwestern Mexico, as well as two in Jamaica, making it the largest airport operator in Mexico by passenger traffic [3] Recent Performance - Preliminary terminal passenger traffic figures for October 2025 indicated a total of 4.87 million passengers, reflecting a 0.8% decrease from October 2024. However, for the January–October 2025 period, total terminal passengers reached 52.68 million, marking a 3.2% year-to-date increase compared to the same period in 2024, indicating overall traffic growth despite the decline in October [2]

Core Insights - Mexico is positioned as a significant trade partner for the USA and an attractive alternative for investment, with experts suggesting that 2025 is an exceptional year for Mexican assets [2][3] - The nearshoring trend is enhancing Mexico's role as a key manufacturing hub in North America, benefiting various sectors including petrochemicals, energy, pharmaceuticals, medical devices, semiconductors, and automotive [2][3] Investment Methodology - The list of the 10 Best Mexican Stocks was created using the Finviz stock screener and other platforms, focusing on companies with positive upside potential and substantial institutional backing as of November 21 [5][6] Stock Highlights - **CEMEX, S.A.B. de C.V. (NYSE:CX)**: - Hedge Fund Holders: 18 - Stock Upside Potential: 3.82% - Q3 2025 net sales reached $4.25 billion, a 2% increase from Q3 2024, with consolidated EBITDA rising by 19% year-over-year to $882 million [7][8][9] - **Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)**: - Hedge Fund Holders: 8 - Stock Upside Potential: 7.25% - Reported 4.87 million passengers in October 2025, a 0.8% decrease from October 2024, but a 3.2% year-to-date increase for January–October 2025 [10][11][12]

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 0.7% increase in total terminal passenger traffic across its 12 Mexican airports for October 2025 compared to October 2024 [2] - The company experienced mixed results at individual airports, with Guadalajara and Puerto Vallarta showing increases, while Tijuana and Los Cabos saw declines [2][3] Passenger Traffic Summary - Total terminal passengers increased from 2,951.8 thousand in October 2024 to 3,012.2 thousand in October 2025, marking a 2.0% growth [3] - Year-to-date (January to October) total passengers rose from 28,404.4 thousand to 30,083.8 thousand, reflecting a 5.9% increase [3] Domestic Passenger Traffic - Domestic terminal passengers decreased from 1,964.0 thousand in October 2024 to 1,862.5 thousand in October 2025, a decline of 5.2% [5] - Year-to-date domestic passengers slightly decreased from 22,648.7 thousand to 22,599.4 thousand, a change of -0.2% [5] International Passenger Traffic - International terminal passengers saw a decline from 2,951.8 thousand in October 2024 to 2,874.2 thousand in October 2025, a decrease of 2.6% [6] - Year-to-date international passengers increased from 28,404.4 thousand to 30,083.8 thousand, a growth of 5.9% [6] Airport-Specific Performance - Guadalajara Airport reported a 3.4% increase in passenger traffic, rising from 1,054.4 thousand to 1,090.7 thousand [3] - Tijuana Airport experienced a 2.3% decrease, with traffic falling from 711.8 thousand to 695.8 thousand [3] - Los Cabos Airport saw a significant drop of 7.4%, from 233.4 thousand to 216.2 thousand [3] - Puerto Vallarta Airport increased by 5.2%, from 231.6 thousand to 243.8 thousand [3] Impact of Hurricane Melissa - Hurricane Melissa significantly affected passenger traffic at Jamaican airports, with Montego Bay and Kingston experiencing declines of 17.6% and 13.0%, respectively [2][10] - Montego Bay Airport resumed operations on October 31, 2025, after sustaining considerable damage [11] Operational Highlights - The number of available seats increased by 6.0% in October 2025 compared to October 2024, while load factors decreased from 86.5% to 80.9% [9]

Core Insights - Grupo Aeroportuario del Pacífico's results indicate a focus on maturity as a strategy for strengthening the company [1] Company Analysis - The company is viewed through the lens of macroeconomic context and company-level valuation to identify long-term investment opportunities [1] - There is an emphasis on underfollowed or undervalued companies, as well as established leaders with emerging structural value [1]

Core Points - The company is proposing the integration of Cross Border Xpress and the internalization of the technical assessment agreement into Grupo Aeroportuario del Pacífico [1] - The presentation includes strategic, operational, and financial details regarding this initiative [1] Group 1 - Alejandra Soto Ayech serves as the Investor Relations & Social Responsibility Officer and Non-Independent Director [1] - Raul Revuelta is the Chief Executive Officer, and Saul Villarreal is the Chief Financial Officer, both involved in the presentation [1] Group 2 - The presentation may contain forward-looking statements about proposed transactions, expected synergies, future performance, and strategic initiatives [2] - These statements are based on current expectations and assumptions, subject to risks and uncertainties that may lead to actual results differing from projections [2]

Summary of Grupo Aeroportuario del Pacífico (GAP) Conference Call Company Overview - **Company**: Grupo Aeroportuario del Pacífico (GAP) - **Ticker**: NYSE:PAC - **Date of Call**: November 04, 2025 Key Industry and Company Insights Industry Context - The call discusses the integration of Cross Border Express (CBX) with Tijuana Airport, which is GAP's second-largest and fastest-growing airport, highlighting the strategic importance of cross-border travel between the U.S. and Mexico. Core Transaction Details - **Transaction Overview**: GAP is integrating CBX and internalizing a technical assistance agreement, which is seen as a pivotal milestone for the company [4][5][12]. - **Ownership Structure**: The transaction involves merging five intermediate holding entities into GAP, simplifying its ownership structure [8][12]. - **Financial Metrics**: The enterprise value to estimated 2026 EBITDA multiple is projected at 12.2x pre-synergies, and the transaction is expected to be immediately accretive on a free cash flow per share basis [12][36]. Financial Implications - **EBITDA Growth**: GAP anticipates mid-teens annual EBITDA growth over the next several years, driven by strong traffic and revenue growth, along with margin expansion [13][15]. - **Cost Savings**: The internalization of the technical assistance agreement is expected to yield annual savings of approximately $50.8 million, which is about 5% of the Mexican airport EBITDA [7][27][45]. - **Revenue Diversification**: The integration of CBX is expected to increase GAP's U.S. dollar-denominated revenues from 20% to 27% on a pro forma basis for 2024 [37]. CBX Specifics - **Passenger Traffic**: CBX has served over 20 million passengers since its inauguration in December 2015, with a significant portion of users coming from the U.S. [17][19]. - **Revenue Streams**: CBX's revenue mix includes 69% from ticket sales, 21% from parking, and 10% from ancillary services, all of which are unregulated [17][26]. - **Operational Efficiency**: CBX offers a fast crossing time of approximately 20 minutes, significantly lower than traditional border crossings, enhancing its attractiveness to travelers [22][32]. Strategic Growth Opportunities - **Future Development**: GAP plans to utilize approximately 60 acres of adjacent undeveloped land for future projects, including hospitality and parking facilities [42][43]. - **Market Expansion**: The company aims to capture traffic from alternative border crossings and expand its footprint through new infrastructure projects [41]. Shareholder Considerations - **Shareholder Meeting**: An extraordinary general shareholders meeting is anticipated in December to approve the transaction, requiring a majority vote [11][12]. - **Share Issuance**: GAP will issue approximately 90 million new Series B shares, increasing total shares outstanding by about 18% [9][78]. Additional Insights - **Technical Assistance Agreement**: The internalization of this agreement is expected to improve operational agility and control, aligning with global best practices [45][46]. - **Market Resilience**: Despite challenges such as the Pratt and Whitney engine issues affecting airlines, GAP remains optimistic about the recovery and growth potential of Tijuana Airport and CBX [96]. Conclusion The integration of CBX and the internalization of the technical assistance agreement represent a significant strategic move for GAP, aimed at enhancing growth, diversifying revenue streams, and simplifying its ownership structure. The anticipated financial benefits and operational efficiencies position GAP favorably for future growth in the cross-border travel market.

Integration of CBX and Technical Assistance Internalization November 3, 2025 1 Disclaimer and Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of applicable securities laws with respect to the proposed internalization of the Technical Assistance Agreement ("TAA") and the integration of Cross Border Xpress ("CBX") into Grupo Aeroportuario del Pacífico, S.A.B. de C.V. ("GAP," and together with the entities involved in the related mergers and transacti ...

Core Points - Grupo Aeroportuario del Pacífico (GAP) has resumed operations at Montego Bay International Airport for evacuation flights and humanitarian aid following Hurricane Melissa [1] - Limited commercial operations are expected to restart on November 1 at 7:00 a.m. local time, as the company works on restoring essential airport infrastructure and assessing damage [2] - GAP prioritizes the safety and well-being of passengers, employees, and business partners, ensuring all airport systems meet high safety standards before full commercial operations resume [3] Company Overview - GAP operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations such as Puerto Vallarta and Los Cabos [4] - The company was listed on the New York Stock Exchange in February 2006 and acquired a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, in April 2015 [4] - GAP entered into a concession agreement for the operation of Norman Manley International Airport in Kingston, Jamaica, in October 2018, taking control in October 2019 [4]