GRUPO Aeroportuario del Pacífico, S.A.B. de C.V (Pacific Airport Group or GAP) has disclosed that it will cost US$20 million ($3.16 billion) to repair the damage to Sangster International Airport (SIA) after Hurricane Melissa.

This was revealed by its parent company Grupo Aeroportuario del Pacífico, S.A.B. de C.V (Pacific Airport Group or GAP) in its 2025 annual report (20-F filing). The Montego Bay airport was closed for six days before it reopened for operations. The solar car park was significantly damaged from the Category 5 hurricane, while gates one to seven were closed due to the aftermath of the storm.

“On October 28, 2025 Hurricane Melissa hit the island of Jamaica, affecting Montego Bay Airport’s infrastructure which suffered some damage to the terminal building, its equipment, and operational areas. The effects caused by the hurricane did not substantially affect the airport’s operations so they did not pose a risk to business continuity,” GAP stated on the airport which is operated by MBJ Airports Limited.

Despite the damage incurred, SIA’s repairs and replacements are expected to be recovered through the insurance policy in 2026. SIA has a US$353-million insurance policy for property damage and business interruption, with a sub-limit of US$100 million for catastrophic risks. There is also a US$750-million annual policy covering personal injury and property damage to third parties. The scale of the insurance package reflects the significance of the airport which handles more than 70 per cent of tourist arrivals into Jamaica.

MBJ is scheduled to make a total of US$118.1 million in capital investments to Sangster International between 2026 to 2030, with US$38.4 million scheduled for 2026. MBJ focused its investments during 2025 on expanding the solar photovoltaic power plant and battery energy storage system which was set to reach 6MW.

“In 2025, MBJA made investments of US$22.1 million in capital expenditures, primarily for the capital expenditure were primarily allocated to the continued execution of master plan projects, including immigration and security expansions, landside development works, expansion of the east concourse and check-in hall, as well as technology upgrades aimed at improving operational efficiency,” GAP noted.

The hurricane also resulted in total passengers slipping by 46 per cent during the fourth quarter from 1.16 million to 624,700. The full year saw a 12 per cent reduction in traffic to 4.47 million passengers passing through SIA. SIA remained the third-busiest airport in the Caribbean region, excluding Cuba. MBJ is run by CEO Shane Munroe.

“The hurricane caused widespread disruption throughout the country. Many hotels were damaged and were subsequently forced to close, with some having reopening dates for 2026. This has resulted in a corresponding decline in traffic and revenues,” GAP added.

MBJ generated MXN$1.8 billion (US$93.59 million) in aeronautical revenue from airlines in 2025. American Airlines paid MXN$362.9 million to MBJ, with passenger charges or tariffs totalling MXN$274.1 million.

Non-aeronautical services brought in MXN$848.8 million (US$44.13 million) in revenue for MBJ during 2025. MBJ’s biggest commercial customer was Dufry Jamaica Limited, which paid US$14 million in 2025, followed by VIP Attractions Limited paying US$3.1 million, and Express Catering Limited paying US$4.7 million. Non-aeronautical revenue comes from different sources such as car rental companies, VIP lounges, travel agencies and ground transportation.

MBJ reported a slight dip in total revenue to MXN$2.92 billion (US$151.67 million), with EBITDA (earnings before interest, tax, depreciation and amortisation) of MXN$1.01 billion (US$52.78 million). MBJ paid US$44.2 million as concession taxes to Airport Authorities of Jamaica (AAJ). Profit before tax dipped three per cent to MXN$717.93 million, with net profit down two per cent to MXN$541.94 million (US$2.82 million).

MBJ’s total assets increased eight per cent to MXN$3.51 billion (US$182.52 million), with total liabilities down 60 per cent to MXN$1.18 billion. Cash flow from operations was MXN$1.25 billion (US$65.09 million). MBJ Airports paid a total of US$60 million in dividends during 2025, with US$15.3 million being paid to Vantage Airport Group Limited which owns 25.5 per cent of MBJ.

MBJ’s total revenue for the first quarter (January to March) declined 35 per cent, from MXN$878.94 million to MXN$574.57 million (US$32.72 million), as passenger traffic through the airport declined 31 per cent to 917,400 passengers. Although operating income declined 37.8 per cent to MXN$212.91 million, EBITDA came in at MXN$295.58 million (US$16.83 million).

“During 1Q26, total aeronautical revenues increased compared to 1Q25, primarily driven by the airports in Mexico. This growth was partially offset by lower passenger traffic in Jamaica where the impact of Hurricane Melissa in 4Q25 continued to weigh on the recovery of hotel capacity along the tourist corridor between Negril and Ocho Ríos; as a result, passenger traffic has not yet fully recovered,” GAP noted in the quarterly report.