Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) reported a 1.2% increase in total passenger traffic across its 12 Mexican airports in January 2026 compared to January 2025, despite some airports experiencing declines due to external factors like Hurricane Melissa [2][3]. Passenger Traffic Summary - Total passenger traffic for January 2026 reached 2,965.3 thousand, up from 2,899.1 thousand in January 2025, marking a 2.3% increase [3]. - Guadalajara airport saw a significant increase of 6.0%, with passenger numbers rising from 1,006.2 thousand to 1,066.3 thousand [3]. - Puerto Vallarta reported a growth of 5.7%, increasing from 229.5 thousand to 242.5 thousand [3]. - In contrast, Tijuana and Los Cabos airports experienced declines of 0.5% and 5.6%, respectively [3]. International Passenger Traffic Summary - International passenger traffic decreased by 6.9%, from 2,747.0 thousand in January 2025 to 2,556.4 thousand in January 2026 [5]. - Montego Bay airport faced a drastic decline of 37.7%, with numbers dropping from 456.2 thousand to 284.2 thousand due to Hurricane Melissa [5][6]. - Morelia airport showed a notable increase of 25.6%, rising from 67.8 thousand to 85.2 thousand [5]. Load Factors and Capacity - The number of available seats increased by 3.0% in January 2026 compared to January 2025 [8]. - Load factors decreased from 83.9% in January 2025 to 79.7% in January 2026, indicating a drop in the efficiency of seat utilization [8]. 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 [9]. - The company has been publicly traded since February 2006 on the New York Stock Exchange and the Mexican Stock Exchange [9].

Core Insights - Allegiant Travel Company reported a year-over-year increase in passenger traffic for December 2025, with 1,616,339 passengers, representing a 4.6% growth compared to December 2024 [1] - The company also experienced significant growth in the fourth quarter of 2025, with a 13.3% increase in passengers compared to the same quarter in 2024 [1] - For the full year 2025, Allegiant saw a 10.5% increase in total passengers, reaching 18,518,653 [1] Scheduled Service – Year Over Year Comparison - December 2025 passengers: 1,616,339, up from 1,544,874 in December 2024, a 4.6% increase [1] - Revenue passenger miles for December 2025 were 1,490,748, a 3.4% increase from 1,441,734 in December 2024 [1] - Load factor decreased slightly to 81.2% in December 2025 from 81.4% in December 2024 [1] Fourth Quarter 2025 Performance - Total passengers for Q4 2025 reached 4,447,973, a 13.3% increase from 3,927,423 in Q4 2024 [1] - Revenue passenger miles for Q4 2025 were 4,043,244, up 12.0% from 3,609,892 in Q4 2024 [1] - Load factor improved to 81.2% in Q4 2025 from 80.2% in Q4 2024 [1] Full Year 2025 Performance - Total passengers for the full year 2025 were 18,518,653, a 10.5% increase from 16,765,283 in 2024 [1] - Revenue passenger miles for the full year 2025 reached 16,947,654, a 10.7% increase from 15,303,737 in 2024 [1] - Load factor decreased to 82.0% in 2025 from 83.6% in 2024 [1] Total System – Year Over Year Comparison - December 2025 total passengers were 1,624,448, a 4.4% increase from 1,555,292 in December 2024 [1] - Full year 2025 total passengers reached 18,737,151, a 10.3% increase from 16,982,836 in 2024 [1] - Average stage length remained stable at 887 miles for the full year 2025 [1] Financial Insights - Estimated average fuel cost per gallon for December 2025 was $2.48, while for Q4 2025 it was $2.61 [2] - The full-year 2025 estimated average fuel cost per gallon was $2.55 [2] - Allegiant focuses on connecting customers from small-to-medium cities to vacation destinations with low average fares [2]

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]

Core Insights - Allegiant Travel Company reported a significant increase in passenger traffic for November 2025, with a year-over-year growth of 10.6% in scheduled service passengers [2] - The company’s average fuel cost per gallon for November 2025 was estimated at $2.76, which is a critical factor for operational costs [3] Scheduled Service – Year Over Year Comparison - Total passengers in November 2025 reached 1,343,190, up from 1,214,205 in November 2024, marking a 10.6% increase [2] - Revenue passenger miles increased by 10.0%, from 1,108,281 (November 2024) to 1,218,668 (November 2025) [2] - Available seat miles rose by 9.5%, from 1,381,831 to 1,512,993 [2] - The load factor improved slightly to 80.5% from 80.2%, an increase of 0.3 percentage points [2] - Departures increased by 9.8%, from 8,821 to 9,684 [2] - The average stage length decreased by 1.7%, from 898 miles to 883 miles [2] Total System – Year Over Year Comparison - Total system passengers increased by 10.4%, from 1,247,401 in November 2024 to 1,377,037 in November 2025 [2] - Total system available seat miles grew by 9.1%, from 1,457,723 to 1,589,755 [2] - Total system departures rose by 9.4%, from 9,456 to 10,344 [2] - The average stage length for the total system also decreased by 1.7%, from 883 miles to 868 miles [2]

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 3.3% increase in total terminal passenger traffic across its 12 Mexican airports in August 2025 compared to August 2024 [2][3] - The total number of terminal passengers for August 2025 reached approximately 3.28 million, up from 3.12 million in August 2024 [3][6] - The year-to-date passenger traffic from January to August 2025 increased by 6.7% compared to the same period in 2024, totaling approximately 24.25 million passengers [3][6] Passenger Traffic by Airport - Guadalajara airport saw a 4.7% increase in passenger traffic, with 1.1 million passengers in August 2025 compared to 1.05 million in August 2024 [3][7] - Puerto Vallarta experienced the highest growth at 12.8%, with 314,000 passengers in August 2025 [3][7] - Tijuana airport reported a slight decrease of 1.6%, with 785,600 passengers in August 2025 [3][7] Domestic and International Passenger Trends - Domestic terminal passengers increased by 0.8% to approximately 2.15 million in August 2025 [5][6] - International terminal passengers decreased by 6.3% at Puerto Vallarta and 6.8% at Tijuana, while Montego Bay saw a 5.3% increase [5][6] Load Factors and Capacity - Available seats in August 2025 increased by 3.6% compared to August 2024, while load factors slightly decreased from 84.3% to 84.0% [9] - The overall capacity utilization remains stable despite the increase in available seats [9] 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 Insights - Allegiant Travel Company reported a significant increase in passenger traffic for July 2025, with a year-over-year growth of 10.3% in scheduled service passengers compared to July 2024 [2] - The total system passenger count also rose by 10.1%, indicating a strong demand for Allegiant's services [3] Scheduled Service – Year Over Year Comparison - Passengers increased to 2,092,740 in July 2025 from 1,897,963 in July 2024, marking a 10.3% rise [2] - Revenue passenger miles grew by 10.3%, reaching 1,856,141 thousand miles [2] - Available seat miles increased by 11.5% to 2,143,669 thousand miles [2] - The load factor slightly decreased by 0.9 percentage points to 86.6% [2] - Departures rose by 11.8% to 14,061 [2] - Average stage length remained relatively stable, decreasing slightly by 0.4% to 867 miles [2] Total System – Year Over Year Comparison - Total system passengers reached 2,100,774 in July 2025, up from 1,908,813 in July 2024, a 10.1% increase [3] - Available seat miles for the total system increased by 10.8% to 2,181,468 thousand miles [3] - Departures for the total system rose by 11.0% to 14,330 [3] - Average stage length for the total system decreased by 0.2% to 866 miles [3] Preliminary Financial Results - The estimated average fuel cost per gallon for July 2025 was $2.58 [5]

Core Insights - Allegiant Travel Company reported a significant increase in passenger traffic for June 2025, with a total of 2,005,932 passengers, representing a 9.6% year-over-year growth compared to June 2024 [2] - The company also experienced a rise in revenue passenger miles (RPM) by 9.8% to 1,771,111, and available seat miles (ASM) increased by 12.4% to 2,093,547 [2] - The load factor decreased by 2.0 percentage points to 84.6%, indicating a slight decline in seat occupancy [2] Passenger Traffic Summary - June 2025 saw 2,005,932 passengers compared to 1,830,067 in June 2024, marking a 9.6% increase [2] - Revenue passenger miles for June 2025 were 1,771,111, up from 1,612,782 in June 2024, a 9.8% increase [2] - Available seat miles rose to 2,093,547 from 1,862,875, reflecting a 12.4% increase [2] - The load factor for June 2025 was 84.6%, down from 86.6% in June 2024 [2] - Departures increased by 13.5% to 13,872 in June 2025 [2] Quarterly Performance Summary - For the second quarter of 2025, Allegiant reported 5,077,788 passengers, an 11.0% increase from 4,572,769 in the second quarter of 2024 [2] - Revenue passenger miles for the second quarter of 2025 were 4,610,321, up 12.2% from 4,108,288 in the same quarter of 2024 [2] - Available seat miles increased by 16.1% to 5,629,040 from 4,848,017 [2] - The load factor for the second quarter of 2025 was 81.9%, down from 84.7% in the previous year [2] - Departures rose by 15.8% to 36,056 in the second quarter of 2025 [2] Fuel Cost Insights - The estimated average fuel cost per gallon for June 2025 was $2.39 [3] - For the second quarter of 2025, the estimated average fuel cost per gallon was $2.42 [3] Company Overview - Allegiant Travel Company, based in Las Vegas, operates as an integrated travel company with a focus on connecting customers to various destinations through its airline services [4] - Since its inception in 1999, Allegiant Air has provided nonstop flights from small-to-medium cities to major vacation destinations, maintaining low average fares [4]

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.0 million for June 2025, reflecting a decrease of 1.8% compared to June 2024 [1][2][4] Passenger Traffic Analysis - Colombia experienced a year-on-year increase of 1.7% in passenger traffic, driven by a 13.3% rise in international traffic, which offset a 1.4% decline in domestic traffic [2][4] - Mexico saw a decline of 2.8% in total passenger traffic, with international traffic decreasing by 3.4% and domestic traffic by 2.1% [2][4] - Puerto Rico reported a 3.3% decrease in total passenger traffic, with a 9.2% increase in international traffic and a 5.1% decline in domestic traffic [2][4] Detailed Traffic Figures - In June 2025, Mexico's total passenger traffic was 3,263,212, down from 3,357,243 in June 2024, with year-to-date figures showing a decrease of 3.4% [4][6] - Colombia's total passenger traffic for June 2025 was 1,474,224, up from 1,448,982 in June 2024, with a year-to-date increase of 3.6% [4][6] - San Juan, Puerto Rico, had a total passenger traffic of 1,254,753 in June 2025, down from 1,297,862 in June 2024, but year-to-date figures showed an increase of 6.8% [4][6] Company Overview - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia, with a significant presence in the Caribbean and Latin America [7] - The company is also a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico [7]

Core Insights - Allegiant Travel Company reported a 9.2% increase in scheduled service passengers for May 2025 compared to May 2024, totaling 1,545,033 passengers [2] - The company experienced a 10.2% rise in revenue passenger miles, reaching 1,391,969 thousand miles, while available seat miles increased by 16.3% to 1,732,505 thousand miles [2] - The load factor decreased by 4.5 percentage points to 80.3%, indicating a slight decline in seat occupancy [2] - Total system passengers also rose by 9.4% year-over-year, totaling 1,563,294 passengers, with available seat miles increasing by 16.5% [2] - The average fuel cost per gallon for May 2025 was estimated at $2.37 [4] Scheduled Service – Year Over Year Comparison - Passengers increased from 1,414,692 in May 2024 to 1,545,033 in May 2025, a change of 9.2% [2] - Revenue passenger miles rose from 1,263,087 thousand miles to 1,391,969 thousand miles, reflecting a 10.2% increase [2] - Available seat miles grew from 1,489,477 thousand miles to 1,732,505 thousand miles, marking a 16.3% increase [2] - The load factor decreased from 84.8% to 80.3%, a decline of 4.5 percentage points [2] - Departures increased from 9,615 to 11,174, a rise of 16.2% [2] - Average stage length remained relatively stable, increasing slightly from 882 miles to 884 miles [2] Total System – Year Over Year Comparison - Total system passengers increased from 1,428,599 in May 2024 to 1,563,294 in May 2025, a 9.4% increase [2] - Available seat miles for the total system rose from 1,538,208 thousand miles to 1,791,988 thousand miles, a 16.5% increase [2] - Departures for the total system increased from 9,976 to 11,641, a rise of 16.7% [2] - Average stage length for the total system increased slightly from 877 miles to 878 miles [2]

Core Insights - Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) reported a total passenger traffic of 5.7 million in May 2025, reflecting a year-on-year decrease of 2.2% compared to May 2024 [1][2][4] Passenger Traffic Summary - Passenger traffic in Puerto Rico increased by 1.3%, driven by a 10.5% rise in international traffic and a 0.2% increase in domestic traffic [2][4] - In Mexico, passenger traffic decreased by 3.0%, with international traffic down by 5.6% and domestic traffic down by 0.4% [2][4] - Colombia experienced a 3.4% decline in total passenger traffic, with a 6.7% increase in international traffic offset by a 6.1% decrease in domestic traffic [2][4] Detailed Traffic Data - For Mexico, total passenger traffic in May 2025 was 3,241,572, down from 3,341,200 in May 2024, with year-to-date figures showing a decrease of 3.5% [4][6] - San Juan, Puerto Rico, saw total passenger traffic of 1,151,279 in May 2025, up from 1,136,672 in May 2024, with year-to-date growth of 9.2% [4][6] - Colombia's total passenger traffic for May 2025 was 1,324,870, down from 1,371,343 in May 2024, with year-to-date figures showing an increase of 4.0% [4][6] Company Overview - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia, with a significant presence in the Caribbean and Latin America [7] - The company is a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico [7]