PAC jumps as investors parse March traffic report and hurricane-disruption impacts

PACPAC

Grupo Aeroportuario del Pacífico (PAC) rose after releasing its March 2026 passenger-traffic update that detailed route additions and clarified event-driven disruptions in key markets. The company reported total March traffic down 8.9% year over year, with Jamaica’s Montego Bay hit by Hurricane Melissa-related disruptions.

1. What’s moving PAC today

Grupo Aeroportuario del Pacífico shares were higher in U.S. trading after the company published its latest monthly operating data for March 2026, giving investors fresh read-through on passenger volumes across its Mexico and Jamaica airports. The update included both the headline traffic change and specific airport-level drivers, alongside notes on capacity, load factors and new routes. (globenewswire.com)

2. Key numbers from the March 2026 traffic update

GAP reported total terminal passengers of 5.237 million in March 2026, down 8.9% versus March 2025. In Mexico, the 12 airports posted a 7.6% decline in total passengers, while Jamaica showed a split: Kingston rose 1.0% and Montego Bay fell 25.7%, with the Montego Bay decline attributed to disruptions tied to Hurricane Melissa. (globenewswire.com)

3. Where the weakness was concentrated

Tourist and cross-border-exposed airports were among the largest decliners: Puerto Vallarta fell 24.4% year over year, Tijuana fell 8.7%, Los Cabos fell 6.9%, and Guadalajara fell 2.3%. The report also flagged softer industry operating metrics in the month, with available seats down 4.5% and load factors dropping to 75.5% from 81.5% a year earlier. (globenewswire.com)

4. Why the stock can be up despite a traffic decline

Investors often trade airport operators on forward expectations for aeronautical and non-aeronautical revenue, capacity normalization, and the pace of recovery after one-off disruptions; the March release provided more granular context on what moved volumes and highlighted new routes being launched. The company listed multiple new routes starting during the period, including additions by Southwest and Volaris across Puerto Vallarta, Los Cabos, and Guadalajara that could support future throughput if sustained. (globenewswire.com)