In addition, international issues Demand for some of our big destinations are affected by security concerns, including the security incident in Puerto Vallarta during the previous quarter, as well as various travel and battery issues by the U.S. government as a result.

Jul 15, 2026 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2026-07-15 | transcript eb64f467-206a-4472-a3e0-119d4d3e92ab | chars 3276-3545 | segment 3

We are actively partnering with airlines and regional tourist stakeholders to rebuild world connectivity and boost travel confidence in this area.

Jul 15, 2026 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2026-07-15 | transcript eb64f467-206a-4472-a3e0-119d4d3e92ab | chars 3675-3821 | segment 3

So what we saw is, I would say, a temporary effect of some passengers that didn't fly during the World Cup because of the airfares, for sure. And we just see some kind, I would say, a substitution Let me put it this way. The passenger, the business traffic that usually comes to Guadalajara or even Tijuana was in some way changed. The seat was changed or taken by fans or by people coming for all for the matches.

Jul 15, 2026 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2026-07-15 | transcript eb64f467-206a-4472-a3e0-119d4d3e92ab | chars 13395-13809 | segment 13

Tijuana was also, in fact, given its stronger reliance on a cross-border travel, as roughly 75% of CBX users are U.S.-based passengers accessing domestic flights to Mexican tourist destinations.

Apr 22, 2026 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2026-04-22 | transcript f6f0c2c2-23d7-48a3-90da-bb8bb162c6ba | chars 3011-3205 | segment 3

And secondly, you know, on the traffic outlook that you have, you know, there's a host of domestic global factors at play negatively impacting demand for travel. Just can you frame it a little bit in terms of your 2% to 6% guidance? I mean, you know, how you think about it and when do you think we could see a more meaningful recovery there?

Apr 22, 2026 / receipt, needs a key / Rodolfo Ramos, other | earnings call 2026-04-22 | transcript f6f0c2c2-23d7-48a3-90da-bb8bb162c6ba | chars 7784-8126 | segment 8

But the other part that I think we are still seeing is a summer that will come at least on the leisure with some additional seeds. While we are expecting that, on past years during some of these kind of geopolitical crisis, the U.S. passenger is trying to fly more over the neighborhood and the area of the neighborhood could be Cabos or Vallarta. Rather, they will go to Europe or other kind of more long-haul travel. So, what we are expecting in some ways, some additional seats for the summer on those markets.

Apr 22, 2026 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2026-04-22 | transcript f6f0c2c2-23d7-48a3-90da-bb8bb162c6ba | chars 9087-9600 | segment 9

Mainly, our concerns include the stricter U.S. migration and enforcement policies under the current administration, which tends to discourage travel among the BFI international passenger space.

Jul 23, 2025 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2025-07-23 | transcript 8994e759-f41c-4ccf-8075-ca93811ed697 | chars 3071-3264 | segment 3

Looking ahead, we remain cautiously optimistic, while peso volatility and U.S. macroeconomics conditions may impact discretionary travel.

Jul 23, 2025 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2025-07-23 | transcript 8994e759-f41c-4ccf-8075-ca93811ed697 | chars 6652-6789 | segment 6

Many Canadians are seeking new places to travel instead of the U.S., which could represent an opportunity to attract additional flights from Canada to our airports.

Apr 30, 2025 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2025-04-30 | transcript 5a673fb6-74cd-458d-ab45-14055f4074f4 | chars 6151-6315 | segment 6

As Canadian travelers distance themselves from the U.S. destinations such as Florida and California, For example, they might likely redirect their vacation plans toward Mexican beaches and the Caribbean, whereby the airlines would be inclined to rebalance their network.

Apr 30, 2025 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2025-04-30 | transcript 5a673fb6-74cd-458d-ab45-14055f4074f4 | chars 6419-6689 | segment 6

I would say that today we are working on consolidation of all these business of cargo facilities and fiscal areas. Let me begin with Alajara. We are working on how we consolidate this business. We are working how to, I would say, increase the margins and working on the cost. But in the other hand, we are also beginning to review other different opportunities related with this same kind of business. At the end of the day, the best way to understand this movement on the cargo facility business is related to have that gap has like a platform to increase or to generate new business related with logistics. On this year, we will work really hard to try to bring some additional optimization of the cost on this new business, but also we are working to the next movement through that acquisition, trying to bring new cargo terminal facilities on some of our work. I will say that we are reviewing for the moment, some opportunities that could come from Bajio, for instance, related with the automotive market. Also, we are reviewing some kind of opportunities for Tijuana. Even for the case of Puerto Vallarta and Cabos, that is a really specific market related with with the specific cargo related to hotels. So we are working on that.

Oct 23, 2024 / receipt, needs a key / Raul Revuelta, CEO | earnings call 2024-10-23 | transcript d93e9a06-eb25-423c-8169-239c14d871d4 | chars 14541-15778 | segment 14

Yes. This is Saul. Your questions about the cost side, as we explained already, we have some affectation in terms of labor law, not only in Mexico, but also in Jamaica. And we are having additional cost and pressure in terms of inflation. Besides that, once we have more spaces and more areas operating, that we have in Guadalajara airport with the different expansions, the cost will be increasing. The operation of the tail also implies a cost of operation. Just have in mind that the margin in the hotel is around 35%. So it's different at the margin that we have. So it dilutes the margin we have. And we have additional costs in maintenance and additional costs in terms of the electricity. So the tariffs are increasing in Mexico and also are increasing significantly in Jamaica. So we have pressure for all the sites in terms of the operation.

Jul 24, 2024 / receipt, needs a key / Raul, other | earnings call 2024-07-24 | transcript 7c896a9b-7265-4324-a044-a1b9555fa4f1 | chars 24492-25342 | segment 25

In 2025, all passengers were international travelers, of which 75% originated from the United States, 13% from Canada, 9% from Europe, and 3% from other countries.

filing / Apr 17, 2026 / receipt

A significant depreciation of the peso may impact our total passenger traffic volume by increasing travel costs for domestic passengers.

filing / Apr 17, 2026 / receipt

Villarreal was appointed as the CFO of our Company on February 25, 2015. He has been overseeing the administrative affairs of GAP since 2003 and has extensive experience and knowledge in financial management aspects of our business.

filing / Apr 17, 2026 / receipt

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, our disclosure controls and procedures were effective as of December 31, 2025.

filing / Apr 17, 2026 / receipt

Marketing of office space began in 2024, with approximately 2,900 square meters under lease as of year-end 2025. Approximately 80% of tenants are expected to be operating by 2026.

filing / Apr 17, 2026 / receipt

During the fourth quarter of 2025, construction of new office space and a coworking facility at Guadalajara International Airport was completed.

filing / Apr 17, 2026 / receipt