Grupo Aeroportuario Pacifico, MX01GA000004

HSBC upgrades Grupo Aeroportuario Pacifico stock to Buy

Published on 10/12/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September traffic fell 7.30 percent to 4.08 million passengers. Grupo Aeroportuario Pacifico stock costs EUR 18.05 against a EUR 17.40 bid.

Key points in brief

HSBC upgraded Grupo Aeroportuario Pacifico from Hold to Buy and set a 480 peso target on October 5, 2026.
September passenger traffic fell 7.30 percent year over year to 4.08 million.
Lang & Schwarz showed EUR 18.05 on October 12, 2026 at 11:19 a.m. CEST.
The company is scheduled to report projected third-quarter results on October 19, 2026.

Grupo Aeroportuario Pacifico, MX01GA000004, Illustration mit AI erstellt.

Grupo Aeroportuario Pacifico (ISIN MX01GA000004) was upgraded from Hold to Buy by HSBC on October 5, 2026, with a 480 peso price target. The change came as the airport operator reported weaker September traffic, while improving capacity trends remained part of the analyst case.

Three traffic and funding milestones

On September 4, 2026, Grupo Aeroportuario Pacifico reported a 0.50 percent increase in August passenger traffic, according to MarketScreener. On September 11, 2026, the company announced MXN 8,000 million in credit facilities, including MXN 3,742 million for airport capital spending, the same source reported.

On October 6, 2026, the latest event in the sequence, the company reported September total terminal traffic of 4.0819 million passengers, down 7.30 percent from 4.4020 million a year earlier. GlobeNewswire said domestic traffic fell 9.50 percent, while international traffic declined 3.20 percent.

What does the traffic data mean?

The September figures show a sharp split between capacity and utilization. Available seats fell 7.20 percent year over year, but the load factor increased from 80.70 percent in September 2025 to 81.00 percent in September 2026, according to GlobeNewswire. That combination points to fewer available flights as the immediate pressure on passenger volumes rather than a broad collapse in seat occupancy.

For the first nine months of 2026, total traffic stood at 45.7926 million passengers, down 4.20 percent from 47.8085 million in the comparable period. The company also reported 266,200 Cross Border Xpress users in September, up 1.40 percent year over year, offering a concrete counterweight to the wider decline.

October dates set the next test

MarketBeat projected third-quarter 2026 results before the market opens on October 19, 2026, followed by a conference call on October 20, 2026. The same report cited a consensus of USD 2.68 in earnings per share and USD 665.00 million in revenue for the quarter.

The market backdrop is therefore defined by a recent traffic contraction, a higher load factor and a refinancing plan that directs MXN 3,742 million toward capital expenditure. HSBC's 480 peso target and Buy rating provide a separate valuation signal, but the September operating data will remain central to the next earnings update.

EUR 18.05 at Lang and Schwarz

Grupo Aeroportuario Pacifico was trading at EUR 18.05 at Lang and Schwarz on October 12, 2026 at 11:19 a.m. CEST. The quote showed a EUR 17.40 bid and a EUR 18.70 ask. The primary listing is on the New York Stock Exchange, where the finance quote last showed USD 201.50 on October 9, 2026 at 4:00 p.m. ET, with a market capitalization of USD 10.5 billion and a 52-week range of USD 193.11 to USD 300.41.

The further course of trading is shown by the continuously updated real-time quote of Grupo Aeroportuario Pacifico stock.