Pacific Airport Group operates 14 airports under long-term concessions mainly in Mexico’s Pacific region and Jamaica, generating regulated aeronautical revenues. The company’s revenue grew modestly in 2024 but faced a passenger traffic decline early in 2026, driven by external factors including weather disruptions and regional volatility. PAC is executing significant capital expenditures aligned with its Master Development Programs and has strategically refinanced debt to support growth. However, liquidity ratios remain below one, and regulatory changes impose uncertainties on pricing and profitability moving forward.