The EPS beat and margin expansion may drive near-term upside, but traders should monitor recovery in Jamaican airports and currency impacts; the new bond issuance supports growth but increases leverage ahead of the CBX transaction.
Price Chart
Executive Summary
Grupo Aeroportuario del Pacífico (PAC) reported strong Q1 2026 earnings with comprehensive income up 19.6% YoY to Ps.3.37B, beating EPS consensus of $3.26 with $3.39, driven by margin expansion and lower financial expenses despite a 5.5% passenger decline. The stock may react positively to the beat and improved profitability, though traffic weakness remains a concern.
Key Financial Metrics
Key Facts
- Reported comprehensive income of Ps.3.37B (19.6% YoY growth), beating EPS consensus of $3.26 with $3.39
- Total revenues increased 2.8% to Ps.11.37B, driven by 3.9% growth in aeronautical and 6.1% in non-aeronautical services
- Passenger traffic declined 5.5% YoY to 15.37M, led by 31.5% drop in Montego Bay and 13.1% in Puerto Vallarta international terminals
- EBITDA margin (ex-IFRIC-12) expanded to 68.3% from 67.1%, and operating income grew 7.7% on cost discipline
- Company issued Ps.10.7B in new bonds to fund CBX stake acquisition and development projects
Financial Impact
EPS beat by 4.0%, revenue growth of 2.8% ($314.4M) with strong margin expansion
Risk Factors
- Passenger traffic declined 5.5% YoY, particularly in key tourist destinations like Montego Bay and Puerto Vallarta
- Exposure to Mexican peso volatility, which affected revenue translation despite local growth
- Ongoing integration risk and execution uncertainty around the CBX business combination
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3277544 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | — | awaiting T+5 | — | — |
Oct 27, 2026 today | SC 13G/A | $228.16 | awaiting T+5 | — | $224.01 (−1.82%) |
Oct 20, 2026 7d ago | 6-K | $217.41 $224.01 | ▲ +3.04% | ▲ +2.96% | $224.01 (+3.04%) |
Oct 6, 2026 21d ago | 6-K | $201.41 $196.49 | ▲ +2.44% | ▲ +1.46% | $224.01 (−11.22%) |
Jul 14, 2026 15w ago | 6-K | $225.95 $217.12 | ▼ −3.91% | ▼ −2.61% | $224.01 (−0.86%) |
Jul 14, 2026 15w ago | Press Release | $225.95 $217.12 | ▼ −3.91% | ▼ −2.61% | $224.01 (−0.86%) |
Apr 20, 2026 27w ago | Press Release | $258.23 $254.67 | ▼ −1.38% | ▼ −2.46% | $224.01 (−13.25%) |
Apr 17, 2026 27w ago | Press Release | $250.43 $254.33 | ▲ +1.56% | ▲ +0.64% | $224.01 (−10.55%) |
US Market Status
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