Jamaica’s two major international airports, operated by Grupo Aeroportuario del Pacífico (GAP), reported an estimated $60.64 million in revenue during the third quarter of 2025. This financial performance was driven by the processing of 1.77 million passengers across both facilities. Sangster International Airport (SIA), managed by MBJ Airports Limited, saw a 9% revenue increase to $41.46 million, largely attributed to higher aeronautical service fees, including passenger, landing, and bridge fees, which rose 9% to $26.25 million. Passenger traffic at SIA grew by 7.7% to 1.24 million, recovering from the impact of Hurricane Beryl in the previous period, though it remained below the 1.31 million passengers recorded in Q3 2024. Operating expenses for both airports surged by 22% ($10.24 million) due to increased concession fees, improvement costs, and depreciation charges. Despite this, SIA’s operating profit improved by 1.7% to $13.17 million, with EBITDA rising 2.5% to $17.64 million. GAP’s quarterly report highlighted a 200-basis-point decline in the operating income margin for Jamaican airports to 43.3%, or 52.5% excluding concession asset improvement costs. Operating profit increased by $23.04 million (11.5%) compared to Q3 2024, while net profit rose by $38.25 million (36%). However, comprehensive income fell by $8.73 million (6.2%) due to foreign currency translation losses. Over the first nine months of 2025, Jamaican airports generated $178.14 million in revenue, with MBJ Airports reporting a 14.6% increase to $126.25 million. Operating profit surged by $118.52 billion (19.7%) despite a 17.9% rise in expenses. GAP plans $203.30 million in investments to enhance both airports between 2026 and 2030, supported by newly approved aeronautical rate increases. SIA’s rates will rise from $17.38 in 2026 to $19.07 in 2030, while Kingston’s rates will increase from $38.18 to $60.10. GAP remains optimistic about Jamaica’s long-term tourism growth, citing planned hotel expansions and increased tourist arrivals.
