Grupo Aeroportuario Pacifico, MX01GA000004

GAP traffic falls 7.30 percent: HSBC targets Grupo Aeroportuario Pacifico stock

Published on 10/13/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September passenger count was 4.08 million, down 7.30 percent year over year. Grupo Aeroportuario Pacifico stock costs EUR 18.15 on October 13, 2026 at USD 10.5 billion market value.

GAP reported a 7.30 percent year-over-year passenger decline in September 2026 to 4.08 million.
HSBC upgraded the stock to Buy and set a USD 277.00 target on October 5, 2026.
The Lang & Schwarz quote was EUR 18.15 on October 13, 2026 at 11:00 a.m. CEST.
Third-quarter results are expected on October 19, 2026, followed by the earnings call on October 20, 2026.

Grupo Aeroportuario Pacifico, MX01GA000004, Illustration mit AI erstellt.

Grupo Aeroportuario Pacifico (MX01GA000004) reported a 7.30 percent year-over-year decline in September passenger traffic to 4.08 million, while HSBC had set a USD 277.00 price target on October 5, 2026. The Lang & Schwarz quote was EUR 18.15 on October 13, 2026 at 11:00 a.m. CEST.

Traffic declines across the network

According to GlobeNewswire on October 6, 2026, GAP recorded 4.0819 million total terminal passengers in September, down from 4.4020 million a year earlier. Its 12 Mexican airports reported a 6.70 percent decline, while passenger traffic in Jamaica also weakened.

The pressure was uneven. Tijuana traffic fell 12.10 percent, Puerto Vallarta declined 10.40 percent and Los Cabos dropped 7.50 percent year over year. Available seats fell 7.20 percent, but the load factor improved from 80.70 percent to 81.00 percent.

Chronology shows mixed operating signals

On September 4, 2026, GAP reported a 0.50 percent increase in August passenger traffic, according to GlobeNewswire. On September 11, 2026, the company announced bank credit facilities totaling MXN 8.0 billion in the same company release archive. The October 6, 2026 traffic update then showed the 7.30 percent decline.

What does traffic mean for revenue?

The operating weakness arrived alongside a previous quarterly earnings shortfall. MarketBeat reported on October 5, 2026 that quarterly earnings per share were USD 2.80 versus USD 3.10 expected, while revenue reached USD 645.23 million against a USD 732.26 million consensus estimate. That comparison makes passenger recovery and non-aeronautical revenue important indicators for the next report.

HSBC upgraded GAP from Hold to Buy and set a USD 277.00 target on October 5, 2026, according to MarketBeat. The same report listed five Buy ratings and four Hold ratings, with an average target of USD 259.00.

Results dates set the next test

MarketBeat said on October 12, 2026 that GAP is expected to report third-quarter 2026 results before the market opens on October 19, 2026. The earnings call is scheduled for October 20, 2026 at 11:00 a.m. ET, with consensus revenue of USD 665.00 million and earnings per share of USD 2.68.

The Lang & Schwarz quote was EUR 18.15 on October 13, 2026 at 11:00 a.m. CEST, with a USD 10.5 billion market capitalization in the latest primary-market context. The further course of trading is shown by the continuously updated real-time quote of Grupo Aeroportuario Pacifico stock.