Tijuana Airport Flight Cancellations Drop Following Code-Share Audit; Passenger Traffic Remains Key Metric

Tijuana Airport Flight Cancellations Drop Following Code-Share Audit; Passenger Traffic Remains Key Metric

TIJUANA, August 3, 2026, 01:23 PDT — The volume of cancelled flights at Tijuana Airport has fallen since a review of code-share practices, but longer-term traveler numbers are expected to offer a clearer picture of underlying trends.

  • After excluding a code-share duplicate, two aircraft movements were reflected in three cancellation entries.
  • In June, 19.9% of Grupo Aeroportuario del Pacífico’s network passengers traveled through Tijuana.
  • Volaris rose 2.8% over the past week, while PAC increased by 0.5%.

A late Sunday update from Tijuana showed three cancelled flight numbers, with one appearing twice. Avianca’s AV6830 was listed as the code-share for Viva’s cancelled VB7401.

Stock chart for NYSE:PAC

This narrows the number of aircraft movements to two, resulting in a one-third reduction. The change lessens the apparent disruption compared to the unadjusted total.

Both August 2 updates reviewed roughly 200 flight logs. The more recent version retained three cancellations, with the number of recorded delays increasing to five.

The reports provided in the links were initial summaries.

August 2 revisionRecords reviewedCancelled entriesReported delays
Initial reportAbout 20031
Subsequent reportAbout 20035

Flight records link AV6830 with VB7401 on the Monterrey–Tijuana route. Another Viva service, VB4087, was cancelled on Tijuana–Monterrey.

Updating the released list to account for code-share duplication.

Listed flightRoleRouteAircraft movements
VB7401Flight operated by VivaMonterrey–Tijuana1
AV6830Avianca codeshare with VB7401Monterrey–TijuanaNo extra
VB4087Flight operated by VivaTijuana–Monterrey1
Adjusted total2

Both of the physical cancellations were managed by Viva. Volaris was not listed among those canceled flights. The July 27 report, however, identified Volaris flight Y4186 as arriving in Tijuana with a 27-minute delay.

The available evidence suggests the one-day disruption had a minor operational impact. For investors, the ongoing trend in passenger numbers remains more significant.

In June, Grupo Aeroportuario del Pacífico managed 976,800 passengers through Tijuana, marking a decrease of 4.6%. This figure represented 19.9% of the company’s total passenger traffic across its network, based on preliminary data provided by the company.

Initial passenger figures for June 2026.

MetricPassengersYear-on-yearCalculated ratio
Tijuana domestic637,500-3.4%
Tijuana international339,400-6.8%
Tijuana total976,800-4.6%19.9% of GAP network
Cross Border Xpress users333,000-6.6%34.1% of Tijuana total
GAP network total4,916,500-5.1%100%

Cross-border demand contributes a larger share to earnings. GAP finalized the acquisition of full ownership of Cross Border Xpress in May. From May to June, CBX generated revenue of 468.1 million pesos, equal to $26.8 million.

This amounts to about $42.80 for each passenger reported. CBX’s revenue covers tickets, parking, and additional services related to Tijuana traffic.

The airport operator maintained financial strength in the second quarter. Non-aeronautical revenue climbed by 23.9%, as aeronautical revenue declined by 3.2%. EBITDA rose 8.4%, resulting in a 69.3% margin excluding construction accounting.

Volaris presents another perspective. Passenger numbers in June increased by 11.2% to reach 2.68 million. The load factor was 83.6%, down 30 basis points.

Revenue increased by 24% in the second quarter, while average fuel expenses jumped 70%. The airline reported a net loss of $127 million. Chief Executive Enrique Beltranena stated that “every flight we operated in the second quarter generated positive cash contribution.” SEC

At the dateline, New York cash trading was yet to start. PAC closed last week with a 0.5% rise, and Volaris advanced 2.8%.

ADR results from the prior week.

ADRJuly 24 closeJuly 31 closeWeekly changeFriday change
PAC$216.28$217.35up 0.5%down 1.0%
VLRS$7.62$7.83rising 2.8%falling 1.5%

Focus this week is on the upcoming release of July traffic figures. As of early Monday, both investor portals continued to display June as their most recent monthly data.

For GAP, the focus is on whether the declines in Tijuana and CBX have moderated. For Volaris, investors will weigh capacity expansion against ongoing fuel cost challenges.

Risks: Flight-status updates are provisional and subject to rapid revision. Ongoing disruption may continue to impact airport spending, CBX traffic and airline profitability.

TS2 TECH • EXTENDED COVERAGE

Further analysis

Could Aena’s improved traffic forecast boost 2026 earnings more?
Aena lifted its 2026 passenger-growth outlook to 3% from 1.3%. Passenger traffic in Spain climbed 3.7% in the first half to 156.2 million. Revenue climbed 10% to €3.28 billion. Net profit advanced 12% to €1.0 billion. Results were in line with analyst expectations. The raised guidance is regarded as the new catalyst.
Is there significant share-price upside at Aena’s current valuation?
Shares of Aena changed hands near €26.84, equivalent to roughly 17.9 times trailing earnings. The stock offered a dividend yield close to 4.1%. The average price target from 23 analysts stood at €26.82, indicating negligible upside. Price targets ranged between €20 and €31.50. Analyst recommendations show 10 buys, 10 holds, and three sells.
What is the main international catalyst for Aena?
Aena secured Galeão's concession following a 2.9 billion-real offer. The agreement is valid until 2039, with the potential for a five-year extension. Galeão processed 18 million passengers, while its capacity stands at 37 million. For 2024, EBITDA was close to 500 million reais, producing a 48% margin. The airport held no debt.
Might increased regulation and substantial investment reduce future returns?
Aena has unveiled a €12.88 billion investment plan for 2027–2031, almost tripling its previous allocation. The company is seeking higher airport fees, a move that faces opposition from airlines. Seat capacity rose 6.5% between July and October, but passenger demand did not keep pace. Management cited limited visibility for the second half due to ongoing uncertainty in the Middle East.
Iwona Majkowska

Iwona Majkowska is a financial markets journalist at TS2.tech. She covers stocks, artificial intelligence and technology, with a focus on the stories moving U.S. and global markets. Before turning to financial journalism, she worked in equity research and financial analysis. She is a graduate of the Warsaw School of Economics. Follow Iwona Majkowska on Google News.

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