12 Best Airport Stocks to Invest in Now

5. Grupo Aeroportuario del Pacífico S.A.B. de C.V. (NYSE:PAC)

Number of Hedge Fund Holders: 8

Market capitalization as of February 12: $9.86 billion

Airport development, building, and operation in Mexico are the activities of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC). San Jose del Cabo, Montego Bay, Hermosillo, Guanajuato, Guadalajara, Tijuana, Puerto Vallarta, and other airports are also part of the company’s section. It derives the most revenue from the Guadalajara segment.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) released preliminary terminal passenger traffic numbers for January, compared to same period last year. In January 2025, GAP’s 12 Mexican airports reported a 6.3% YoY increase in terminal passengers overall. The passenger traffic at the airports in Guadalajara, Tijuana, Puerto Vallarta, and Los Cabos increased by 9.9%, 5.2%, 1.9%, and 0.6%, respectively, in comparison to January 2024. However, when compared to the same period last year, Montego Bay showed a 7.3% drop in passenger traffic.

In Q3 2024, the company’s overall revenues increased by 11.4% year over year, led by a 6.4% growth in aeronautical and non-aeronautical services revenues. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) noticed a 38.7% jump in non-aeronautical revenues, mainly from the consolidation of the cargo and free trade zone business at Guadalajara Airport in July 2024. Although there was an overall drop in aeronautical revenues due to lower passenger traffic, which was primarily caused by Pratt & Whitney A320neo and A321neo engine reviews that affected Volaris and VivaAerobus. The comprehensive income grew 2.7%, while EBITDA expanded 5.6%. By refinancing credit facilities and issuing long-term bonds in cash and cash equivalents, the company significantly improved liquidity and maintained a good financial position.

Jim Simons’s Renaissance Technologies was the largest stakeholder in the company from among the funds in Insider Monkey’s database at the end of Q3 2024. It owns 518,800 shares worth $90.28 million as of Q3.