Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Sector
Industrials

(Current) $217.93
2.29 (1.06%) Open Price: 0.00

 

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP), established in November 1998 and headquartered in Guadalajara, operates a network of 14 airports—12 in Mexico’s central and northwestern Pacific region and two in Jamaica. It emerged during Mexico’s airport privatization wave and was publicly listed on the Mexican Stock Exchange and New York Stock Exchange in 2006. Over the years, GAP has grown to manage both major metropolitan hubs—like Guadalajara and Tijuana—and key tourist gateways, including Los Cabos, Puerto Vallarta, La Paz, and Manzanillo.

 

GAP’s core business centers on the operation, maintenance, and development of airports under long-term concession agreements. The group generates revenue through aeronautical fees charged to airlines and passengers, as well as non-aeronautical income from retail, parking, and commercial leases . Handling over 56 million passengers annually in Mexico and about 7 million in Jamaica, GAP ranks as Mexico’s largest airport operator by passenger traffic, with its top 5 Mexican terminals among the busiest in the country.

 

Known for its ongoing modernization efforts, GAP has gained recognition for strategic expansion programs. In 2024, it invested over MXN 52 billion (~USD 2.53 billion) to boost capacity across its Mexican airports through 2029. Flagship projects include new terminals at Guadalajara (adding ~69,000 m² by 2026), Puerto Vallarta (doubling capacity), and expansions in Tijuana and Los Cabos, with the overall plan expected to raise system capacity by approximately 50%.

 

GAP is pressing forward with transformative infrastructure and cargo initiatives. The acquisition of a 51.5% stake in Guadalajara World Trade Center in June 2024 enhances its air cargo and free-trade zone offerings, aligning with nearshoring trends. At Jamaica’s Sangster International Airport, a capital development plan from 2026–2030 has been approved with a projected US$118 million investment and structured tariff increases. With its aggressive growth agenda across passenger and cargo infrastructure, GAP is well-positioned to anchor future aviation connectivity and regional economic development across its markets.

 



 

 

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(06/24/25) $215.64
(06/24/25) (Qty.)115,155
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