GAP Airports See Mixed Traffic Growth in July 2026 — Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

Event summary

GAP's 12 airports reported a 1.2% increase in total passenger traffic in July 2026 compared to July 2025.
Guadalajara and Tijuana airports saw significant growth (13.2% and 7.2%), while Puerto Vallarta and Los Cabos declined (-12.1% and -6.9%).
International passenger traffic decreased by 5.3% in July 2026, with Montego Bay experiencing a sharp 26.6% drop.
Domestic passenger traffic increased by 6.1% in July 2026, with Guadalajara leading the growth at 12.2%.
Seats available increased by 0.7%, and load factors improved slightly from 84.8% to 85.2%.

The big picture

GAP's mixed traffic results reflect broader trends in the aviation industry, where domestic travel is rebounding faster than international. The company's strategic focus on expanding routes and improving operational efficiency will be crucial in sustaining growth amid regional disparities. With a network spanning major Mexican cities and tourist destinations, GAP's performance offers insights into the resilience of Pacific region air travel.

What we're watching

Regional Disparities: How GAP will address the significant variations in passenger traffic growth across its airports, particularly the declines in tourist destinations like Puerto Vallarta and Los Cabos.
International Traffic Recovery: Whether the sharp decline in international passenger traffic, especially at Montego Bay, is a temporary anomaly or indicative of broader challenges in GAP's international operations.
Route Expansion Strategy: The pace at which new routes, such as those recently added to Santa Lucia, will contribute to overall passenger growth and load factor improvements.