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Grupo Aeroportuario del Pacifico Announces Refinancing of Bank Debt for USD$95.5 Million
Globenewswire· 2026-01-20 22:39
GUADALAJARA, Mexico, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced that today it refinanced the USD$95.5 million bank loan that matured on this date with Scotiabank Inverlat, S.A., through the execution of a new financing agreement with The Bank of Nova Scotia for a twelve-month term. The loan will accrue interest payable on a monthly basis at a variable rate equivalent to 1-month SOFR plus 50 basis points, with no ...
Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Increase in December 2025 of 0.1% Compared to 2024
Globenewswire· 2026-01-06 21:50
Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 4.2% increase in total passenger traffic across its 12 Mexican airports for December 2025 compared to December 2024, with notable growth in Guadalajara and Puerto Vallarta airports [2][3] Passenger Traffic Summary - Total passenger traffic for December 2025 reached 3,264.5 thousand, up from 3,084.7 thousand in December 2024, marking a 5.8% increase [3][6] - Guadalajara airport saw a significant increase of 12.0% in passenger traffic, totaling 1,214.3 thousand in December 2025 [3][7] - Puerto Vallarta airport reported a 7.9% increase, reaching 268.0 thousand passengers [3][7] - In contrast, Tijuana and Los Cabos airports experienced declines of 2.7% and 1.2%, respectively [2][3] International and Domestic Passenger Trends - International passenger traffic decreased by 6.2% in December 2025, totaling 2,609.6 thousand compared to 2,782.3 thousand in December 2024 [5][6] - Domestic passenger traffic increased slightly by 0.1%, reaching 5,874.0 thousand in December 2025 [7][6] - Montego Bay airport in Jamaica faced a drastic decline of 43.8% in international passengers due to Hurricane Melissa [2][5] Yearly Performance - For the full year 2025, total passenger traffic increased by 5.8% to 36,444.7 thousand compared to 34,443.8 thousand in 2024 [3][6] - Guadalajara airport's yearly traffic rose by 6.6%, while Tijuana's increased by 1.5% [3][7] Operational Highlights - The number of available seats in December 2025 increased by 10.6% compared to December 2024, but the load factor decreased from 85.5% to 77.4% [9]
Lockheed Martin and Department of War Advance Landmark Acquisition Transformation to Accelerate PAC-3® MSE Production
Prnewswire· 2026-01-06 12:45
Agreement supports new Department of War Acquisition Transformation Strategy DALLAS, Jan. 6, 2026 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) signed a landmark framework agreement with the U.S. Department of War to rapidly accelerate the production and delivery of PAC-3® Missile Segment Enhancement (MSE) interceptors. This transformative partnership, designed to deliver sustained production at scale, will increase annual capacity from approximately 600 to 2,000 in a seven-year agreement, supporting U.S. for ...
Grupo Aeroportuario del Pacifico Announces Shareholder Approval of the Business Combination of the Cross Border Xpress and Technical Assistance Services
Globenewswire· 2025-12-11 19:46
Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has received shareholder approval for the business combination with Cross Border Xpress (CBX), which includes technical assistance and technology transfer services, marking a significant step in the company's development strategy [1][3]. Company Overview - GAP operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as tourist destinations such as Puerto Vallarta and Los Cabos [4]. - The company was listed on the New York Stock Exchange in February 2006 and on the Mexican Stock Exchange in the same year [4]. - GAP has expanded its operations internationally, acquiring a majority stake in MBJ Airports Limited in Jamaica and entering into a concession agreement for the Norman Manley International Airport [4]. Shareholder Meeting Outcomes - During the Ordinary and Extraordinary General Shareholders' Meeting, 96% of the votes cast approved the merger, with a quorum of 88.1% of shareholders present [1]. - The merger will involve the issuance of approximately 90 million net new shares, increasing the total outstanding shares from approximately 505 million to about 595 million [2]. Governance and Transparency - The company emphasized adherence to high international standards of corporate governance throughout the proposal process, ensuring that the transaction was supported by the "majority of the minority" shareholders [3]. - An information statement regarding the transaction was provided to shareholders well in advance of legal requirements, promoting transparency in the decision-making process [3].
Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease in November 2025 of 2.0% Compared to 2024
Globenewswire· 2025-12-04 23:15
Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 3.5% increase in total terminal passenger traffic across its 12 Mexican airports in November 2025 compared to November 2024 [2] - The overall passenger traffic for the year-to-date (January to November) also showed a growth of 5.8% [3] Passenger Traffic Summary - **Total Terminal Passengers**: Increased from 2,954.7 thousand in November 2024 to 3,096.6 thousand in November 2025, marking a 4.8% rise [3] - **Guadalajara Airport**: Experienced a significant increase in passenger traffic, rising by 10.4% year-over-year for November [3] - **Puerto Vallarta Airport**: Noted a 7.0% increase in passenger traffic for November [3] - **Tijuana and Los Cabos Airports**: Reported slight decreases in passenger traffic of 1.0% and 4.1%, respectively [3] Domestic vs. International Passengers - **Domestic Passengers**: Total domestic passengers decreased by 10.8% in November 2025 compared to November 2024 [5] - **International Passengers**: Total international passengers decreased by 2.0% in November 2025 compared to November 2024 [6] Highlights and Operational Insights - **Seat Availability**: Increased by 6.8% in November 2025 compared to the same month in 2024 [9] - **Load Factors**: Decreased from 85.2% in November 2024 to 78.1% in November 2025 [9] - **Impact of Hurricane Melissa**: The hurricane significantly affected Montego Bay Airport, with a 73.4% decrease in passenger traffic due to operational disruptions and damage to tourism infrastructure [2][11][12] Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations [13][14]
JPMorgan Upgrades GAP Airports (PAC) to Overweight, Cuts Target to 460 Mexican Pesos
Yahoo Finance· 2025-11-24 14:47
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]
10 Best Mexican Stocks to Invest In
Insider Monkey· 2025-11-23 19:16
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]
Grupo Aeroportuario del Pacifico Reports a Passenger Traffic Decrease In October 2025 of 0.8% Compared to 2024
Globenewswire· 2025-11-07 23:22
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]
Grupo Aeroportuario del Pacifico: Q3 Confirms Quality, Yield, And Stability
Seeking Alpha· 2025-11-07 03:31
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]
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Discusses Integration of Cross Border Xpress and Internalization of Technical Assistance Agreement Transcript
Seeking Alpha· 2025-11-04 21:26
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]