Pacific Airport Group's stock price plummeted due to violent incidents involving drug trafficking gangs

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Investing.com – Pacific Airport Group (NYSE:PAC) stock price fell 7.6% on Tuesday after Guadalajara International Airport in Jalisco, Mexico, experienced operational disruptions due to violence by local drug cartels.

On Saturday, after Mexican military forces killed drug lord El Mencho, the airport canceled and rerouted multiple flights, leaving hundreds of passengers stranded.

The violence prompted the airport to strengthen security measures. The facility is operated by Pacific Airport Group.

The company confirmed that the airport is currently under the protection of the National Guard and military forces, and stated that no incidents occurred at the airport itself.

According to Pacific Airport Group, operations at Guadalajara and Puerto Vallarta airports have recovered to 95% capacity.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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