PAC falls as March passenger traffic drops 8.9%, led by Puerto Vallarta and Montego Bay
Grupo Aeroportuario del Pacífico (PAC) is sliding after reporting an 8.9% year-over-year drop in March 2026 passenger traffic across its network, with steeper weakness in international volumes. The biggest pressure points were tourist-heavy Puerto Vallarta and Jamaica’s Montego Bay, where hurricane-related disruptions also hit load factors.
1. What’s moving the stock
Grupo Aeroportuario del Pacífico’s ADRs are lower as investors react to the latest monthly operating data showing softer demand. The company reported total terminal passenger traffic fell 8.9% in March 2026 versus March 2025, with a 7.6% decline across its 12 Mexican airports and mixed results in Jamaica (Kingston up slightly, Montego Bay sharply down due to Hurricane Melissa disruptions). (globenewswire.com)
2. The key numbers behind today’s decline
Tourist-exposed airports showed the steepest year-over-year drops in March: Puerto Vallarta fell 24.4% overall, while Tijuana fell 8.7% and Los Cabos fell 6.9%. The monthly release also flagged weaker industry fundamentals, with seats available down 4.5% and load factor falling to 75.5% from 81.5% a year earlier, adding to concerns about near-term aeronautical and commercial revenue momentum. (globenewswire.com)
3. Why it matters for the next quarter
Monthly passenger traffic is a primary near-term read-through for revenue at airport operators, and March’s declines concentrated in high-margin leisure and international corridors raise the bar for a rebound in upcoming months. With Puerto Vallarta and Montego Bay both showing large international declines, traders are increasingly focused on whether the post-hurricane normalization in Jamaica and spring travel patterns in Mexico can support a quick re-acceleration into April and May. (tipranks.com)