Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 0.7% increase in total terminal passenger traffic across its 12 Mexican airports in June 2025 compared to June 2024 [2][3] - The total number of terminal passengers for the first half of 2025 increased by 7.6% compared to the same period in 2024 [3] Passenger Traffic Summary - Los Cabos airport saw a 1.7% increase in passenger traffic, while Tijuana, Guadalajara, and Puerto Vallarta experienced decreases of 2.3%, 1.1%, and 0.1% respectively [2] - Montego Bay airport reported a 1.9% decrease in passenger traffic compared to June 2024 [2] Detailed Passenger Statistics - Guadalajara: - June 2024: 1,009.3 thousand passengers - June 2025: 1,000.1 thousand passengers - Change: (0.9%) [3] - Tijuana: - June 2024: 686.3 thousand passengers - June 2025: 660.1 thousand passengers - Change: (3.8%) [3] - Los Cabos: - June 2024: 238.5 thousand passengers - June 2025: 240.1 thousand passengers - Change: 0.7% [3] - Puerto Vallarta: - June 2024: 259.6 thousand passengers - June 2025: 273.8 thousand passengers - Change: 5.5% [3] - Total terminal passengers for June 2025: 2,917.8 thousand, compared to 2,868.7 thousand in June 2024 [3] Domestic and International Passenger Trends - Domestic passengers decreased by 0.8% in June 2025 compared to June 2024, totaling 2,262.1 thousand [5] - International passengers decreased by 1.5% in Guadalajara, while Tijuana saw a slight increase of 0.6% [5] Load Factors and Capacity - The number of available seats increased by 2.1% in June 2025 compared to June 2024 [11] - Load factors decreased from 83.4% in June 2024 to 82.2% in June 2025 [11] Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations [9] - The company is listed on both the New York Stock Exchange and the Mexican Stock Exchange [9]

Core Insights - Kuehne & Nagel International Ag (KHNGY) is currently viewed as a better value opportunity compared to Grupo Aeroportuario del Pacifico (PAC) based on various financial metrics and outlooks [1][3]. Valuation Metrics - KHNGY has a forward P/E ratio of 19.09, while PAC's forward P/E is 20.13, indicating that KHNGY may be undervalued relative to PAC [5]. - The PEG ratio for KHNGY is 1.04, suggesting a more favorable growth outlook compared to PAC's PEG ratio of 2.32, which indicates a higher valuation relative to its growth [5]. - KHNGY's P/B ratio stands at 8.59, slightly lower than PAC's P/B of 8.71, further supporting KHNGY's position as a more attractive value option [6]. Investment Ratings - KHNGY holds a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to PAC, which has a Zacks Rank of 3 (Hold) [3]. - The Value grades reflect KHNGY's B rating versus PAC's D rating, highlighting KHNGY's superior valuation metrics and earnings outlook [6].

Summary of Key Points Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has completed the ordinary review process for maximum passenger tariffs and committed investments for the Capital Development Program at Montego Bay for the period 2026-2030 [1]. Group 1: Tariffs and Investments - The maximum passenger charges for Montego Bay airport are set to increase from $17.38 in 2026 to $19.07 in 2030, reflecting a gradual annual increase [1]. - The total committed investments for Montego Bay airport under the Capital Development Program amount to $118.1 million, with specific allocations of $38.4 million in 2026, $39.4 million in 2027, $18.4 million in 2028, $11.6 million in 2029, and $10.3 million in 2030 [1]. Group 2: Company Overview - Grupo Aeroportuario del Pacífico 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 [2]. - GAP 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 Montego Bay, Jamaica, in April 2015 [2]. - The company entered into a concession agreement for the Norman Manley International Airport in Kingston, Jamaica, in October 2018 and took control of operations in October 2019 [2].

Core Points - Grupo Aeroportuario del Pacífico (GAP) has completed the ordinary review process for maximum tariffs per passenger and committed investments for Kingston Airport for the 2026-2030 period [1] - The maximum passenger charges for Kingston Airport will increase from $38.18 in 2026 to $60.10 in 2030 [1] - The total committed investments under the Capital Development Program for Kingston Airport amount to $85.2 million, with scheduled investments of $45.8 million in 2026, $23.4 million in 2028, and smaller amounts in other years [1] Company Overview - Grupo Aeroportuario del Pacífico 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 [2] - The company was listed on the New York Stock Exchange in February 2006 and on the Mexican Stock Exchange [2] - GAP acquired a majority stake in MBJ Airports Limited in April 2015 and entered into a concession agreement for Norman Manley International Airport in Kingston, Jamaica, in October 2018 [2]

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 2.9% increase in total terminal passenger traffic for May 2025 compared to May 2024, with notable growth at several airports [2][3] - The total number of terminal passengers across GAP's 12 airports reached 3,054.5 thousand in May 2025, up from 2,917.0 thousand in May 2024, marking a 4.7% increase [3][6] Passenger Traffic Summary - Tijuana, Los Cabos, Puerto Vallarta, and Guadalajara airports saw increases in passenger traffic of 3.4%, 1.1%, 0.9%, and 1.1% respectively [2][3] - Montego Bay experienced a decrease in passenger traffic of 1.6% compared to May 2024 [2][3] Year-to-Date Performance - For the January to May 2025 period, total terminal passengers increased by 8.8% to 14,726.5 thousand from 13,531.1 thousand in the same period of 2024 [3][6] - Specific airports such as Puerto Vallarta and Mexicali showed significant year-to-date growth of 14.4% and 15.7% respectively [3][6] Domestic vs. International Passengers - Domestic terminal passengers slightly decreased by 0.2% to 2,113.9 thousand in May 2025 compared to May 2024 [5][6] - International terminal passengers saw a decline of 1.4% at Guadalajara and 9.1% at Los Cabos, while Tijuana experienced a 7.9% increase [5][6] Load Factors and Capacity - The available seats increased by 4.8% in May 2025 compared to May 2024, while load factors decreased from 82.8% to 81.1% [11] - New routes were introduced by Viva, enhancing connectivity between various cities [11] Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations [10] - The company has been publicly traded since February 2006 on both the New York Stock Exchange and the Mexican Stock Exchange [10]

Core Viewpoint - Grupo Aeroportuario del Pacifico (PAC) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Stock Performance - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - Changes in future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [5][7]. - For Grupo Aeroportuario del Pacifico, rising earnings estimates and the rating upgrade suggest an improvement in the company's underlying business, likely leading to higher stock prices [6]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Grupo Aeroportuario del Pacifico is expected to earn $11.38 per share, representing an 18.1% increase from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 0.2%, indicating a positive trend in earnings expectations [9]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade to Zacks Rank 2 places Grupo Aeroportuario del Pacifico in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10][11].

Group 1 - The article highlights a positive outlook for Grupo Aeroportuario del Pacifico (PAC), anticipating strong performance in 2025 [1] - The author, Ian Bezek, has extensive experience in Latin American markets, particularly in Mexico, Colombia, and Chile, focusing on high-quality growth stocks [2] - The article emphasizes the author's long position in PAC shares, indicating a personal investment interest [3]

Group 1 - The company Grupo Aeroportuario del Pacífico (GAP) has drawn down a credit facility of Ps. 3,375 million from Banamex with a five-year term, to be repaid by May 30, 2030 [1] - The interest on the credit facility will be paid monthly at a variable rate of TIIE-28 plus 54 basis points, with no fees [1] - The proceeds from this credit will be utilized to repay existing loans of Ps. 2,500 million from Banamex and Ps. 875 million from BBVA [1] Group 2 - 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 [2] - The company was listed on the New York Stock Exchange in February 2006 and on the Mexican Stock Exchange in the same year [2] - GAP acquired a majority stake in MBJ Airports Limited in April 2015, which operates Sangster International Airport in Jamaica, and entered into a concession agreement for Norman Manley International Airport in October 2018 [2]

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) announced a total dividend payment of Ps. 16.84 per outstanding share, to be paid in two installments following the resolution from the Annual General Ordinary Shareholders' Meeting held on April 24, 2025 [1][2]. Company Overview - Grupo Aeroportuario del Pacífico 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 [3]. - GAP's shares are listed on both the New York Stock Exchange (ticker symbol "PAC") and the Mexican Stock Exchange (ticker symbol "GAP") [3]. - The company has expanded its operations internationally, acquiring a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, and entering into a concession agreement for the Norman Manley International Airport in Kingston, Jamaica [3].

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) announced a total dividend payment of Ps. 16.84 per outstanding share, to be paid in two installments following the resolution from the Annual General Ordinary Shareholders' Meeting held on April 24, 2025 [1][2]. Company Overview - Grupo Aeroportuario del Pacífico 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 [3]. - GAP's shares are listed on both the New York Stock Exchange (ticker symbol "PAC") and the Mexican Stock Exchange (ticker symbol "GAP") [3]. - The company has expanded its operations internationally, acquiring a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, and entering into a concession agreement for the Norman Manley International Airport in Kingston, Jamaica [3].