GUADALAJARA, Mexico, May  07, 2026  (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) (&#34;the Company&#34; or &#34;GAP&#34;) informs that after completing several processes aimed at closing the

BMV:GAP

Grupo Aeroportuario del Pacifico Announces Completion of Business Combination Process of CBX and the Provision of Technical Assistance Services

GAP Completes Acquisition and Merger of Cross Border Xpress

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>GUADALAJARA, Mexico, May  07, 2026  (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) (&amp;#34;the Company&amp;#34; or &amp;#34;GAP&amp;#34;) informs that after completing several processes aimed at closing the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Grupo Aeroportuario del Pacífico has closed its merger with Cross Border Xpress, consolidating full ownership. This merger will enhance GAP’s airport service offerings and operational efficiency, likely improving future revenue streams.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GAP completed merger with Cross Border Xpress, enhancing service offerings.</li><li>Acquired remaining 25% of CBX, now controlling 100% of the business.</li><li>GAP issued nearly 90 million new shares, impacting total shares to 595 million.</li><li>Merger expected to enhance financial solidity and operational efficiency.</li><li>Financial consolidation of CBX starts in May 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cross Border Xpress (CBX)</strong>: Acquisition enhances GAP&#039;s service offerings significantly.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This development falls under &#039;Corporate Developments&#039;, as it involves strategic mergers and acquisitions that directly affect GAP&#039;s future performance, market positioning, and revenue growth.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>GAP&#039;s full control of CBX could improve revenue significantly from cross-border operations.</li><li>Increased share count may dilute existing shareholders if not offset by revenue gains.</li><li>The merger may lead to improved operational efficiencies and cost reductions.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>GAP now has 595,018,195 total shares outstanding.</li><li>GAP&#039;s merger with CBX was finalized on April 30, 2026.</li><li>The acquisition allows GAP to control 100% of CBX operations.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy BMV:GAP with a target timeframe of 6-12 months post-merger consolidation.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">GUADALAJARA, Mexico, May  07, 2026  (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PAC">PAC</a>, BMV:<a class="ticker" href="https://www.benzinga.com/quote/GAP">GAP</a>) ("the Company" or "GAP") informs that after completing several processes aimed at closing the operations approved by its Shareholders' Meeting, it has completed the combination of the businesses of Cross Border Xpress ("CBX") and the provision of technical assistance services and technology transfer, through the notarization of the merger agreement signed on April 30 of this year. Furthermore, the purchase agreement to acquire the remaining 25% of the CBX business has been completed, thereby consolidating 100% of the same.</p>  <p align="justify">Consequently, by virtue of the merger, GAP issued 89,740,731 new net shares, so to date it has 595,018,195 million shares outstanding, 519,226,576 Series B shares and 75,791,619 Series BB shares, and assumed control of the merged entities, beginning the financial consolidation of these businesses in May.</p>  <p><strong>Company Description</strong></p>  <p align="justify">Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under the ticker symbol "GAP". In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.</p>  <p align="justify" style="padding-left:4pt;">This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.</p>  <p align="justify">In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the "Ley del Mercado de Valores", GAP has implemented a "whistleblower" program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is <a href="https://www.globenewswire.com/Tracker?data=5zPxyQWgNvtx0Fgs5BumlfvT2E8vf1PrTHLdy1Z6HWTdc6PUMm-1p7ovIJZNnQi_U4wm6KQL1XUsG23pciCiC5Mj14orxmTt58BVMUDoT-6EdMX_iV7Of0MEmXJiwUFN" rel="nofollow" target="_blank">www.lineadedenunciagap.com</a> or by email at <a href="https://www.globenewswire.com/Tracker?data=PtfVRoXmpF5JOgCt89ySaP6eUeHsp3FRo8UuGSNyAq2zV82aa9Q9r6C_v7MUgrFRnE9JSNPAskYYV8aI7OdeDm-nXg50ZqD0H2E5EEDe59R5g-84vJ4kW3L2OPDmmBvi" rel="nofollow" target="_blank">denuncia@lineadedenunciagap.com</a>. GAP's Audit Committee will be notified of all complaints for immediate investigation.</p> <table align="left" style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:50%; width:50%; min-width:50%;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">Alejandra Soto Investor Relations and Social Responsibility Officer</td><td style="max-width:50%; width:50%; min-width:50%;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">asoto@aeropuertosgap.com.mx</td></tr><tr><td style="text-align: left ;  vertical-align: middle; "> </td><td style="text-align: left ;  vertical-align: middle; "> </td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; ">Gisela Murillo, Investor Relations</td><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; ">gmurillo@aeropuertosgap.com.mx<br></br>+52 33 3880 1100 ext. 20294</td></tr></table> <p align="justify"><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNTQ2MiM3NTg5MzcxIzIxMjMxOTM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWI4YWJlMjYtYmVkZC00NzY3LThlMmQtNTA5ZGIzYTI5MjQyLTExMzQ3NjQtMjAyNi0wNS0wNy1lbg==/tiny/Grupo-Aeroportuario-del-Pac-fi.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/a8b922ac-5cd6-4342-afd5-c5c2aea7213c"><img src="https://ml.globenewswire.com/media/a8b922ac-5cd6-4342-afd5-c5c2aea7213c/small/gap-logo-png.png" border="0" width="150" height="47" alt="Primary Logo"></img></a></p>

Grupo Aeroportuario del Pacífico has closed its merger with Cross Border Xpress, consolidating full ownership. This merger will enhance GAP’s airport service offerings and operational efficiency, likely improving future revenue streams.

Grupo Aeroportuario del Pacifico Announces Completion of Business Combination Process of CBX and the Provision of Technical Assistance Services

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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