GAP Moves Forward with MX$52 Billion Expansion, Shares Jump 9.34%

Grupo Aeroportuario del Pacífico (GAP) is advancing with its ambitious MX$52 billion (US$2.5 billion) expansion plan, securing financing through debt issuance and bank loans. The company’s shares have surged 9.34% in the last 40 days, reflecting investor confidence in its long-term strategy.

Initially announced in August 2024, GAP's investment represents the largest in its history, increasing by 173% from the previous five-year period. To fund the program, the company is issuing debt on the Mexican Stock Exchange (BMV) and securing credit lines. 

“The program is so extensive that we need multiple financing strategies, including debt issuance, bank credit, and internal resources,” said Raúl Revuelta, CEO, GAP.

The company expects significant improvements in capacity and efficiency across its 12 airports. “This investment ensures that our airport infrastructure keeps pace with increasing demand and enhances operational efficiency,” said Miguel Vallin, director, Federal Civil Aviation Agency (AFAC).

Analysts have responded positively, with Valores Mexicanos (Valmex) highlighting the clarity it brings to GAP’s financial roadmap. Monex Financial Group emphasized that the expansion, coupled with adjusted maximum tariffs, will strengthen the company’s cash flow.

Since the announcement, GAP’s stock has climbed to US$195.41 per share on the New York Stock Exchange.