Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) is a publicly listed airport infrastructure company that operates, manages, and develops airports primarily in Mexico and Jamaica. The company operates within the transportation infrastructure and aviation services industries, focusing on the administration of passenger and cargo airport facilities under long-term government concessions. Its core purpose is to provide airport services to commercial airlines, passengers, and logistics operators while developing non-aeronautical commercial activities within airport premises.
PAC’s primary revenue drivers include aeronautical services such as passenger fees, aircraft landing and parking charges, and terminal usage, complemented by non-aeronautical income from retail concessions, food and beverage operations, parking, advertising, and real estate development. The company serves domestic and international airlines, leisure and business travelers, and logistics operators, with a strategic emphasis on airports in high-growth tourist and industrial regions. Founded in 1998 as part of Mexico’s airport privatization program, PAC began operations in 1999 and has since expanded its portfolio and diversified revenue streams, positioning itself as one of the leading airport operators in Latin America.
Business Operations
PAC operates a portfolio of 12 airports in Mexico and 2 airports in Jamaica, including major hubs such as Guadalajara International Airport and Tijuana International Airport. Its operations are organized around integrated airport management, combining aeronautical operations with commercial development. Revenue is generated through regulated aeronautical tariffs and market-driven commercial activities, providing a balanced and resilient business model tied to passenger traffic growth.
The company controls and manages critical airport infrastructure assets, including runways, terminals, cargo facilities, and ancillary real estate. PAC also operates the Cross Border Xpress (CBX) pedestrian bridge in Tijuana through a subsidiary structure, which directly connects the Tijuana airport with Southern California, representing a unique cross-border aviation asset. Its Jamaican operations are conducted through Aeropuertos Mexicanos del Pacífico Jamaica, a subsidiary responsible for managing the Sangster International Airport and Norman Manley International Airport.
Strategic Position & Investments
PAC’s strategic direction centers on disciplined capital investment to expand capacity, enhance passenger experience, and increase non-aeronautical revenue per passenger. The company regularly undertakes multi-year capital expenditure programs approved under its concession frameworks, focusing on terminal expansions, runway improvements, and digitalization of airport services. These investments are designed to accommodate long-term traffic growth driven by tourism, nearshoring, and cross-border travel.
The company has made notable investments in complementary airport-related assets, including the development and expansion of Cross Border Xpress, which strengthens PAC’s competitive positioning in the Southern California–Baja California travel corridor. PAC also emphasizes sustainability initiatives, operational efficiency, and selective commercial real estate development within airport zones. Exposure to emerging trends such as nearshoring-related cargo growth and increased international connectivity forms part of its long-term strategic outlook.
Geographic Footprint
PAC’s headquarters are located in Guadalajara, Jalisco, Mexico, and its operational footprint spans key regions across Western and Central Mexico, including Jalisco, Baja California, Los Cabos, Puerto Vallarta, Guanajuato, and Aguascalientes. These regions encompass major tourist destinations, industrial corridors, and high-density urban centers, providing diversified traffic sources.
Internationally, PAC has an established presence in the Caribbean, operating two of the most important airports in Jamaica, which serve as critical gateways for international tourism. Through these operations, PAC maintains influence across North America, Latin America, and transborder travel markets, with passenger flows closely linked to the United States, Canada, and key Latin American countries.
Leadership & Governance
PAC is led by an experienced management team with a focus on operational excellence, regulatory compliance, and long-term value creation. The company follows a governance model aligned with Mexican public company standards and international best practices, emphasizing transparency, capital discipline, and sustainable growth under its concession-based framework.
Key executives include:
- Raúl Revuelta Musalem – Chief Executive Officer
- Eduardo Sánchez Navarro – Chairman of the Board
Public disclosures confirm the CEO and Board leadership; however, consistent verification of additional executive roles across available public filings and disclosures is limited. Data inconclusive based on available public sources regarding other current executive officers.