On its third-quarter 2026 earnings call, held on Oct. 20, 2026, Grupo Aeroportuario del Pacífico (NYSE:PAC) announced that revenue excluding construction services increased 13% year over year. Passenger traffic declined 1% during the same period. This resilience demonstrates that expanding non-aeronautical revenue streams like cargo and commercial services can protect profitability during traffic slowdowns. Three things management said stand out. Grupo Aeroportuario del Pacífico is shifting its revenue model toward business lines it directly controls, such as cargo logistics, convenience stores, and VIP lounges. These non-aeronautical services, which are commercial activities outside standard flight landing fees, grew rapidly and offset lower passenger traffic. The full integration of Cross Border Xpress, a pedestrian bridge linking Tijuana Airport to California, gives Grupo Aeroportuario del Pacífico high-margin revenue and pricing flexibility. Management plans to introduce seasonal pricing and open new food and beverage options to boost spending per traveler.
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