Grupo Aeroportuario del Pacífico Announces Filing of 2020 Annual Report and Form 20-F

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) has filed its annual report for the year ended December 31, 2020, with both the Mexican Stock Exchange and the U.S. SEC. This filing provides a comprehensive overview of the company's financial status and operational performance.

The company operates 12 airports across Mexico's Pacific region, serving key cities and tourist destinations. It also recently expanded its operations in Jamaica by acquiring interests in local airports.

Positive

• Successful filing of annual report demonstrates transparency.
• Continued operation of 12 airports enhances regional connectivity.
• Recent acquisitions in Jamaica expand market presence.

Negative

• Dependence on travel recovery post-COVID-19 poses risks.
• Potential impact of economic uncertainties on airport operations.

GUADALAJARA, Mexico, April 22, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) today announced the filing of its annual report, corresponding to the year ended December 31, 2020, with the Mexican Stock Exchange (“BMV”), as well as the filling of its Form 20-F with the U.S. Securities and Exchange Commission (“the SEC”). These documents can be accessed on following websites: for the BMV (www.bmv.com.mx), for the SEC (www.sec.gov), respectively, or on GAP’s corporate website at www.aeropuertosgap.com.mx under the “Investors” section.

Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

R Contacts:
Saúl Villarreal, Chief Financial Officer	svillarreal@aeropuertosgap.com.mx
Alejandra Soto, IRO and Corporate Finance Director	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294

FAQ

What recent filings did Grupo Aeroportuario del Pacífico (PAC) make?

Grupo Aeroportuario del Pacífico filed its annual report with the Mexican Stock Exchange and Form 20-F with the SEC for the year ended December 31, 2020.

What airports does Grupo Aeroportuario del Pacífico operate?

GAP operates 12 airports in Mexico, including in major cities like Guadalajara and Tijuana, as well as popular tourist destinations.

How has Grupo Aeroportuario del Pacífico expanded its operations recently?

GAP expanded its operations in Jamaica by acquiring stakes in Sangster International Airport and the Norman Manley International Airport.

What challenges does Grupo Aeroportuario del Pacífico (PAC) face moving forward?

PAC faces risks related to travel recovery post-COVID-19 and potential economic uncertainties impacting airport operations.