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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 7, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) announced that it has finalized its combination with Cross Border Xpress (CBX), marking a significant corporate milestone. The deal was formally completed through the notarization of a merger agreement originally signed on April 30, 2026.

​Cross Border Xpress is a unique cross-border pedestrian bridge connecting a terminal in San Diego, California, directly to Tijuana International Airport. Management noted that it allows ticketed passengers to walk between the US and Mexico, bypassing traditional border crossing queues. It is a high-traffic, fee-generating facility that complements the company’s existing Tijuana airport operations.

​As part of the transaction, the company also completed the purchase of the remaining 25% stake in CBX that it did not already own, bringing its total ownership to 100%. This gives it full control over the business and its future earnings.

Grupo Aeroportuario del Pacífico SAB de CV (NYSE:PAC), also known as GAP, is a leading Mexican airport operator that manages 12 airports across the Pacific region of the country. The airports serve cities, metropolitan areas, and tourist destinations in the region. The company also generates revenue from non-aeronautical activities including commercial services, car parking, shops, hotels, restaurants, food and beverage, and VIP lounges.

While we acknowledge the potential of PAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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