Grupo Aeroportuario Del Pacifico S.a.b. De Cv Stock Earnings Reports

GAP reported a solid start to 2026 despite a softer traffic environment. Key operational and financial highlights for Q1 2026: total passengers fell 5.5% (impacted by Hurricane Melissa in Jamaica and a security incident in Jalisco), total revenues rose 2.8% year-over-year, aeronautical revenues increased 3.9% (Mexico +9.3%), and EBITDA grew 6.4% to MXN 6.0 billion with a 68.3% margin. The company ended the quarter with strong liquidity (MXN 23.2 billion), supported by a historic MXN 10.7 billion bond issuance on March 31; proceeds are intended for the strategic acquisition of 25% of CBX and committed CapEx. Q1 CapEx deployment was MXN 1.8 billion under the Master Development Plan. Management expects to consolidate the CBX and the internalization of technical assistance services in the second quarter (targeting May). They propose a dividend of MXN 20.8 per share for the next 12 months. Near-term risks include traffic volatility from weather (Hurricane Melissa), a security-related demand shock in Mexico (Jalisco), and macro/geopolitical pressures and higher fuel prices that could prompt airline capacity adjustments. Management maintains full-year guidance but will review traffic assumptions for Q2.