Monitor Q2 2026 earnings (expected August) for first consolidated results including CBX revenue and operating income. The stock may re-rate if CBX synergies exceed expectations; watch for border crossing volume trends.
Price Chart
Executive Summary
Pacific Airport Group completed the acquisition of 100% of Cross Border Xpress (CBX) and internalized technical assistance services, issuing 89.7 million new shares. This closes a key strategic initiative previously approved by shareholders and telegraphed in the April 2026 20-F. The deal is expected to be accretive, though near-term EPS will face dilution from the share issuance.
Key Facts
- Completed business combination of CBX and technical assistance services, notarized April 30, 2026.
- Acquired remaining 25% of CBX, now consolidating 100%.
- Issued 89,740,731 new shares; total shares outstanding now 595,018,195.
- Financial consolidation of CBX begins in May 2026.
Financial Impact
Dilution from ~18% increase in shares outstanding (89.7M new shares vs 505.3M prior). No financial terms disclosed; prior 20-F noted $580M bond issuance for this acquisition.
Risk Factors
- Integration risk from merging CBX operations and technical services.
- Changes in US-Mexico border policy could affect CBX traffic and revenue.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-003120 |
| Document: 0001171843-26-003120-index-headers.html | 0001171843-26-003120 |
| Document: 0001171843-26-003120-index.html | 0001171843-26-003120 |
| Document: 0001171843-26-003120.txt | 0001171843-26-003120 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 7, 2026 24w ago | 6-K | $24.89 $24.63 | ▼ −1.04% | ▼ −2.55% | $22.28 (−10.47%) |
May 5, 2026 24w ago | 6-K | $24.89 $24.63 | ▲ +1.04% | ▲ +2.18% | $22.28 (+10.47%) |
Apr 23, 2026 26w ago | 6-K | $26.70 $24.89 | ▼ −6.80% | ▼ −7.71% | $22.28 (−16.55%) |
Apr 17, 2026 27w ago | 20-F | $24.56 $26.70 | ▲ +8.71% | ▲ +7.80% | $22.28 (−9.28%) |
Mar 31, 2026 29w ago | 6-K | $24.56 $24.56 | · 0.00% | ▼ −3.77% | $22.28 (−9.28%) |
US Market Status
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