Grupo Aeroportuario del Pacífico Reports 32.8% Gain in Third-Quarter Income
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAP/B) delivered a 32.8% year-over-year increase in net and comprehensive income for the third quarter of 2026. Core net income for the airport operator grew 8.1% during the period despite tax headwinds. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 19.2% year-over-year, while the EBITDA margin excluding construction accounting effects expanded to 67.8% from 64.3%. Shares of the company traded at 373.6 MXN, down 0.79% for the session.
The profit expansion came even as total passenger traffic declined 1.4% year-over-year. High-margin contributions from Cross Border Xpress (CBX) helped shield profitability despite the lower volume. CBX generated 558.2 million Mexican pesos in EBITDA with a 72.0% margin, supporting overall earnings performance.
Investors will likely monitor whether passenger traffic can reaccelerate to protect core aeronautical revenue in future quarters. Upcoming performance may also depend on updates regarding post-merger fair value adjustments and operational guidance.
Key points
- Net and comprehensive income increased 32.8% year-over-year in the third quarter of 2026.
- EBITDA grew 19.2% year-over-year, with the EBITDA margin excluding construction effects rising to 67.8%.
- Total passenger traffic fell 1.4% compared to the prior-year period.
- Cross Border Xpress generated 558.2 million Mexican pesos in EBITDA at a 72.0% margin.
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How we writeDisclaimerQuestions and answers
How did Grupo Aeroportuario del Pacífico perform in 3Q26?
Net and comprehensive income rose 32.8% year-over-year, while EBITDA increased 19.2% and core net income grew 8.1%.
Why did profitability rise despite lower passenger traffic?
Contributions from Cross Border Xpress helped improve margins, with CBX generating 558.2 million Mexican pesos in EBITDA at a 72.0% margin.
What happened to passenger traffic for GAP in 3Q26?
Total passenger traffic dropped 1.4% year-over-year during the third quarter of 2026.