APR 8·Stock Titan→
Hurricane-hit Montego Bay, Puerto Vallarta drag GAP traffic down 8.9%
Grupo Aeroportuario del Pacífico (GAP) reported an 8.9% decrease in total terminal passengers in March 2026 compared to March 2025, with international traffic falling by 14.6% and load factor down to 75.5%. This decline was primarily driven by significant drops in traffic at Puerto Vallarta (-24.4%) and Montego Bay (-25.7%), the latter attributed to disruptions from Hurricane Melissa. Despite some positive growth in other airports like La Paz, the overall trend reflects a softening in passenger demand.
MAR 23·Stock Titan→
Airport operator GAP swaps a Ps.1.12B bond for a 12-month bank loan
Grupo Aeroportuario del Pacífico (GAP) announced it paid off its Ps.1.12 billion GAP 23L bond using proceeds from a new Ps.1.12 billion, 12-month credit facility with Scotiabank Inverlat. This new facility features an interest rate of TIIE Funding +44 basis points, monthly interest payments, principal at maturity, and no fees or prepayment costs. The move continues GAP's strategy of active balance-sheet management and debt refinancing.