PAC slides as March passenger traffic falls 7.6% in Mexico, Montego Bay hit
Grupo Aeroportuario del Pacífico shares are sliding after a sharp March 2026 passenger-traffic decline, led by steep drops at Puerto Vallarta and Montego Bay. The company reported March total passenger traffic down 7.6% across its 12 Mexico airports, while Montego Bay fell 25.7% due to Hurricane Melissa disruptions.
1) What’s moving PAC today
Grupo Aeroportuario del Pacífico (PAC) is down about 3% as investors react to weaker passenger volumes, highlighted by a March 2026 traffic report showing broad declines across the company’s Mexico airports and a hurricane-related hit in Jamaica. The traffic print is pressuring sentiment because volumes are a key near-term driver for aeronautical and non-aeronautical revenue growth.
2) The key numbers investors are focusing on
In March 2026, the company’s 12 Mexico airports posted a 7.6% year-over-year decline in total passenger traffic. Among major airports, Puerto Vallarta fell 24.4%, Tijuana fell 8.7%, Los Cabos fell 6.9%, and Guadalajara fell 2.3%. In Jamaica, Kingston rose 1.0% while Montego Bay dropped 25.7%, with the company citing disruptions tied to Hurricane Melissa.
3) Why the market cares and what to watch next
For airport operators, passenger traffic is a fast-moving gauge that can foreshadow changes in retail, parking, and other commercial revenue as well as airline-driven aeronautical fees. Investors will be watching upcoming monthly traffic updates for stabilization in Mexico leisure destinations and for normalization at Montego Bay after the storm-related disruptions, alongside any commentary in subsequent quarterly disclosures about demand trends and yield/traffic mix.