Grupo Aeroportuario del Pacifico reports mixed Q2 results with revenue growth outpacing earnings amid higher service revenues.
Grupo Aeroportuario del Pacifico posted Q2 GAAP earnings per share of $2.36, missing expectations by $0.62, while revenue surged to $11.29 billion, beating estimates by $10.69 billion.
Aeronautical and non-aeronautical service revenues rose by 4.9%, or 399.0 million pesos, contributing to a 3.7% increase in total revenue, which climbed by 407.7 million pesos year-over-year.
The company attributed the revenue growth to higher passenger traffic and expanded service offerings, though earnings lagged due to elevated operational costs.