Grupo Aeroportuario del Pacifico Reports In April 2022 a Passenger Traffic Increase of 15.3% Compared to 2019 (Increase of 43.1% Compared to 2021)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported April 2022 terminal passenger traffic showing a 14.6% increase compared to April 2019. Key airports like Tijuana and Puerto Vallarta saw significant growth with increases of 35.3% and 24.1%, respectively. Total terminal passengers rose to 2,659.7 thousand in April 2022, up 13.9% year-over-year, with a 12.0% increase for the January-April period. The number of available seats increased by 33.3%, pushing load factors up to 81.4%. GAP continues to expand, adding new routes for future growth.

Positive

• Total terminal passengers increased by 14.6% compared to April 2019.
• Key airports like Tijuana and Puerto Vallarta saw passenger traffic growth of 35.3% and 24.1%, respectively.
• Available seats increased by 33.3%, improving load factors to 81.4%.
• Overall passenger traffic for January-April 2022 rose by 12.0%.

Negative

• Guadalajara's passenger traffic declined by 1.1% in January-April compared to 2019.
• Montego Bay saw a significant decrease in both international and domestic traffic (100% drop for domestic in April).
• Guanajuato experienced a 19.8% decline in domestic traffic in April 2022 compared to 2019.

GUADALAJARA, Mexico, May 04, 2022 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for the month of April 2022, which includes comparisons with the 2019 and 2021 figures to facilitate the reading and understanding of the passenger traffic trend.

For April 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 14.6%, compared to the same period of 2019. Tijuana, Puerto Vallarta, Los Cabos and Guadalajara airports presented an increase in passenger traffic of 35.3%, 24.1%, 23.8% and 2.5%, respectively, compared to April 2019.

Passenger traffic 2022 compared to 2019

Domestic Terminal Passengers (in thousands):

	.
Airport	Apr - 19	Apr- 22	% Change		Jan-Apr 19	Jan-Apr 22	% Change
Guadalajara	863.2	887.1	2.8	%	3,283.6	3,247.5	(1.1	%)
Tijuana*	507.3	671.9	32.5	%	1,868.5	2,492.9	33.4	%
Los Cabos	162.0	214.0	32.1	%	556.7	726.8	30.6	%
Puerto Vallarta	151.1	227.8	50.8	%	502.8	726.6	44.5	%
Montego Bay	0.8	0.0	(100.0	%)	2.6	0.0	(100.0	%)
Guanajuato	170.4	136.7	(19.8	%)	632.3	519.1	(17.9	%)
Hermosillo	155.9	157.2	0.8	%	540.9	540.5	(0.1	%)
Mexicali	101.1	102.0	0.8	%	367.1	392.2	6.8	%
Kingston	0.0	0.2	N/A		0.0	0.4	N/A
Morelia	36.4	55.9	53.5	%	146.6	203.5	38.8	%
La Paz	85.3	93.9	10.0	%	295.4	332.0	12.4	%
Aguascalientes	55.3	68.6	24.1	%	198.2	226.6	14.3	%
Los Mochis	37.9	36.4	(3.7	%)	121.6	132.5	8.9	%
Manzanillo	8.4	7.8	(6.8	%)	32.2	31.8	(1.4	%)
Total	2,335.1	2,659.7	13.9	%	8,548.7	9,572.3	12.0	%

 

 

International Terminal Passengers (in thousands):

Airport	Apr - 19	Apr- 22	% Change		Jan-Apr 19	Jan-Apr 22	% Change
Guadalajara	339.6	345.5	1.7	%	1,327.7	1,315.3	(0.9	%)
Tijuana*	238.7	337.6	41.4	%	896.8	1,260.8	40.6	%
Los Cabos	345.8	414.5	19.9	%	1,402.0	1,539.3	9.8	%
Puerto Vallarta	309.8	344.1	11.1	%	1,566.8	1,405.1	(10.3	%)
Montego Bay	423.9	401.3	(5.3	%)	1,760.1	1,329.4	(24.5	%)
Guanajuato	57.7	56.8	(1.5	%)	229.0	232.3	1.5	%
Hermosillo	5.6	6.0	8.8	%	22.7	24.6	8.8	%
Mexicali	0.6	0.5	(10.9	%)	2.0	1.7	(16.0	%)
Kingston	0.0	115.7	N/A		0.0	383.9	N/A
Morelia	33.6	37.3	11.1	%	134.8	153.6	13.9	%
La Paz	1.1	2.4	125.9	%	4.6	9.8	112.5	%
Aguascalientes	16.9	18.6	10.5	%	61.4	65.8	7.2	%
Los Mochis	0.6	0.6	8.2	%	2.2	2.4	7.0	%
Manzanillo	8.3	6.7	(19.4	%)	45.4	32.3	(28.9	%)
Total	1,782.0	2,087.6	17.2	%	7,455.6	7,756.5	4.0	%

 

Total Terminal Passengers (in thousands):

Airport	Apr - 19	Apr- 22	% Change		Jan-Apr 19	Jan-Apr 22	% Change
Guadalajara	1,202.8	1,232.6	2.5	%	4,611.3	4,562.9	(1.1	%)
Tijuana*	746.0	1,009.6	35.3	%	2,765.3	3,753.7	35.7	%
Los Cabos	507.8	628.5	23.8	%	1,958.7	2,266.2	15.7	%
Puerto Vallarta	460.9	571.9	24.1	%	2,069.6	2,131.7	3.0	%
Montego Bay	424.7	401.3	(5.5	%)	1,762.7	1,329.4	(24.6	%)
Guanajuato	228.1	193.5	(15.1	%)	861.3	751.4	(12.8	%)
Hermosillo	161.5	163.3	1.1	%	563.6	565.1	0.3	%
Mexicali	101.7	102.5	0.8	%	369.2	393.9	6.7	%
Kingston	0.0	115.9	N/A		0.0	384.3	N/A
Morelia	70.0	93.2	33.2	%	281.5	357.1	26.9	%
La Paz	86.4	96.2	11.4	%	300.0	341.9	14.0	%
Aguascalientes	72.2	87.3	20.9	%	259.6	292.4	12.6	%
Los Mochis	38.4	37.1	(3.5	%)	123.9	134.9	8.9	%
Manzanillo	16.6	14.5	(13.1	%)	77.7	64.1	(17.5	%)
Total	4,117.1	4,747.3	15.3	%	16,004.3	17,328.8	8.3	%

 

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX users (in thousands):

						!
Airport	Apr - 19	Apr- 22	% Change		Jan-Apr 19	Jan-Apr 22	% Change
Tijuana	234.8	335.1	42.7	%	882.1	1,252.5	42.0	%

The Company took control of the Kingston airport on October 10, 2019, therefore there are no comparative figures from January 1st to October 9, 2019.

Passenger traffic 2022 compared to 2021

 

Domestic Terminal Passengers (in thousands):

Airport	Apr - 21	Apr - 22	% Change		Jan-Apr 21	Jan-Apr 22	% Change
Guadalajara	692.5	887.1	28.1	%	2,266.1	3,247.5	43.3	%
Tijuana*	585.7	671.9	14.7	%	1,996.4	2,492.9	24.9	%
Los Cabos	167.5	214.0	27.8	%	534.4	726.8	36.0	%
Puerto Vallarta	140.7	227.8	61.9	%	441.1	726.6	64.7	%
Montego Bay	0.0	0.0	N/A		0.0	0.0	N/A
Guanajuato	124.9	136.7	9.5	%	410.9	519.1	26.3	%
Hermosillo	116.6	157.2	34.8	%	374.2	540.5	44.4	%
Mexicali	86.8	102.0	17.5	%	277.0	392.2	41.6	%
Kingston	0.0	0.2	814.3	%	0.1	0.4	160.4	%
Morelia	44.7	55.9	25.0	%	153.8	203.5	32.3	%
La Paz	72.0	93.9	30.4	%	241.1	332.0	37.7	%
Aguascalientes	44.4	68.6	54.5	%	142.2	226.6	59.4	%
Los Mochis	30.7	36.4	18.9	%	101.6	132.5	30.5	%
Manzanillo	7.4	7.8	5.6	%	24.5	31.8	29.7	%
Total	2,113.9	2,659.7	25.8	%	6,963.4	9,572.3	37.5	%

International Terminal Passengers (in thousands): 

Airport	Apr - 21	Apr - 22	% Change		Jan-Apr 21	Jan-Apr 22	% Change
Guadalajara	252.2	345.5	37.0	%	847.2	1,315.3	55.3	%
Tijuana*	213.1	337.6	58.4	%	637.9	1,260.8	97.7	%
Los Cabos	276.1	414.5	50.2	%	810.5	1,539.3	89.9	%
Puerto Vallarta	168.3	344.1	104.4	%	520.8	1,405.1	169.8	%
Montego Bay	157.6	401.3	154.6	%	462.4	1,329.4	187.5	%
Guanajuato	35.8	56.8	58.8	%	121.2	232.3	91.7	%
Hermosillo	7.4	6.0	(18.6	%)	27.3	24.6	(9.7	%)
Mexicali	0.3	0.5	87.6	%	1.0	1.7	75.5	%
Kingston	44.9	115.7	157.4	%	160.3	383.9	139.5	%
Morelia	26.6	37.3	40.3	%	101.6	153.6	51.1	%
La Paz	1.0	2.4	146.9	%	4.9	9.8	99.6	%
Aguascalientes	15.0	18.6	24.6	%	48.9	65.8	34.6	%
Los Mochis	0.8	0.6	(21.5	%)	2.4	2.4	0.6	%
Manzanillo	3.5	6.7	91.5	%	12.9	32.3	151.1	%
Total	1,202.6	2,087.6	73.6	%	3,759.2	7,756.5	106.3	%

Total Terminal Passengers (in thousands):

Airport	Apr - 21	Apr - 22	% Change		Jan-Apr 21	Jan-Apr 22	% Change
Guadalajara	944.7	1,232.6	30.5	%	3,113.3	4,562.9	46.6	%
Tijuana*	798.8	1,009.6	26.4	%	2,634.3	3,753.7	42.5	%
Los Cabos	443.6	628.5	41.7	%	1,344.9	2,266.2	68.5	%
Puerto Vallarta	309.1	571.9	85.1	%	961.9	2,131.7	121.6	%
Montego Bay	157.6	401.3	154.6	%	462.4	1,329.4	187.5	%
Guanajuato	160.7	193.5	20.4	%	532.1	751.4	41.2	%
Hermosillo	124.1	163.3	31.6	%	401.5	565.1	40.8	%
Mexicali	87.1	102.5	17.7	%	278.0	393.9	41.7	%
Kingston	45.0	115.9	157.7	%	160.4	384.3	139.5	%
Morelia	71.3	93.2	30.7	%	255.4	357.1	39.8	%
La Paz	73.0	96.2	31.9	%	246.1	341.9	38.9	%
Aguascalientes	59.4	87.3	47.0	%	191.0	292.4	53.0	%
Los Mochis	31.5	37.1	17.9	%	104.0	134.9	29.8	%
Manzanillo	10.9	14.5	33.0	%	37.4	64.1	71.5	%
Total	3,316.5	4,747.3	43.1	%	10,722.6	17,328.8	61.6	%

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX users (in thousands):

Airport	Apr - 21	Apr - 22	% Change		Jan-Apr 21	Jan-Apr 22	% Change
Tijuana	211.4	335.1	58.5	%	632.4	1,252.5	98.0	%

Highlights for the month:

• Seats and load factors: The number of seats available during April 2022 increased by 33.3%, compared to April 2021; load factors for the month went from 71.6% in April 2021 to 81.4% in April 2022.
  
  
• New routes:
  
  
  • Morelia- Cancun: Volaris

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 Concessioner 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 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 June 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.

IR 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 / +52-33-3880-1100 ext.20294

 

FAQ

What was the passenger traffic increase for Grupo Aeroportuario del Pacífico in April 2022?

Passenger traffic increased by 14.6% compared to April 2019.

How did Tijuana and Puerto Vallarta airports perform in April 2022?

Tijuana airport saw a 35.3% increase, while Puerto Vallarta experienced a 24.1% increase in passenger traffic compared to April 2019.

What is the total number of passengers for Grupo Aeroportuario del Pacífico in April 2022?

Total terminal passengers reached 2,659.7 thousand in April 2022.

What improvement was seen in load factors for Grupo Aeroportuario del Pacífico in April 2022?

Load factors improved to 81.4% in April 2022.

How does the passenger traffic from January to April 2022 compare to previous years for Grupo Aeroportuario del Pacífico?

Passenger traffic for January-April 2022 rose by 12.0% compared to the same period in 2019.