Grupo Aeroportuario del Pacifico SAB De CV ADRPAC
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Grupo Aeroportuario del Pacifico SAB De CV ADRGrupo Aeroportuario del Pacifico SAB De CV ADRGrupo Aeroportuario del Pacífico updated its 2026 guidance, now expecting passenger traffic to land between a 3% decline and flat growth, down from a prior range of 2% to 6% growth. The company projects aeronautical revenues to increase between 1% and 4%, non-aeronautical revenues to grow between 21% and 24%, and EBITDA to rise between 10% and 12%, with an EBITDA margin of approximately 67%, plus or minus 1%. The revised outlook reflects a gradual second-half recovery and does not assume a complete recovery at Puerto Vallarta and Montego Bay during 2026. Second-quarter passenger traffic fell 5.6% year-over-year, driven by a 27% drop in international passengers at Puerto Vallarta, while non-aeronautical revenues surged 23.9%, boosted by the consolidation of the Cross Border Express, which contributed 168 million pesos in revenue and 216 million pesos in EBITDA in May and June. Management cited resilience from its diversified portfolio, tariff implementation, and directly operated business lines, and expects to reach around 95% fulfillment of maximum tariffs by year-end.