Grupo Aeroportuario del Pacifico Reports in August 2022 a Passenger Traffic Increase of 22.5% Compared to 2019 (Increase of 24.9% Compared to 2021)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a 19.8% increase in terminal passenger traffic for August 2022 compared to August 2019. Notable increases were seen in Tijuana (43.2%), Puerto Vallarta (37.3%), and Los Cabos (29.6%). Domestic passenger traffic rose by 12.9% year-to-date compared to 2019, while international traffic saw a 14.2% increase. The company also noted a 22.7% rise in available seats from August 2021, reflecting the growing demand and an improved load factor of 80.2% for the month.

Positive

• 19.8% increase in terminal passenger traffic compared to August 2019.
• Notable passenger traffic growth in key airports: Tijuana (43.2%), Puerto Vallarta (37.3%), Los Cabos (29.6%).
• Domestic passenger traffic increased by 12.9% year-to-date compared to 2019.
• International passenger traffic rose by 14.2% year-to-date.
• Seat availability increased by 22.7% compared to August 2021, with improved load factors at 80.2%.

Negative

• None.

GUADALAJARA, Mexico, Sept. 05, 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 August 2022, which includes comparisons with the 2019 and 2021 figures to facilitate the reading and understanding of the passenger traffic trend.

For August 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 19.8%, compared to the same period of 2019. Tijuana, Puerto Vallarta, Los Cabos and Guadalajara presented an increase in passenger traffic of 43.2%, 37.3%, 29.6% and 6.3% respectively, compared to August 2019.

Passenger traffic 2022 compared to 2019 Domestic Terminal Passengers (in thousands):
Airport	Aug-19	Aug-22	% Change	Jan-Aug 19	Jan-Aug 22	% Change
Guadalajara	890.4	978.8	9.9%	6,929.5	7,021.2	1.3%
Tijuana*	527.8	741.9	40.6%	3,960.1	5,316.1	34.2%
Los Cabos	201.3	260.2	29.2%	1,304.1	1,661.3	27.4%
Puerto Vallarta	191.4	261.1	36.4%	1,226.9	1,732.0	41.2%
Montego Bay	0.8	0.0	(100.0%)	6.1	0.0	(100.0%)
Guanajuato	176.9	163.0	(7.8%)	1,355.5	1,146.4	(15.4%)
Hermosillo	148.7	152.3	2.4%	1,174.0	1,192.1	1.5%
Kingston	0.0	0.2	N/A	0.0	0.7	N/A
Mexicali	101.1	110.8	9.6%	780.9	806.5	3.3%
Morelia	38.3	55.3	44.2%	306.1	424.9	38.8%
La Paz	95.8	93.5	(2.4%)	668.2	712.6	6.6%
Aguascalientes	53.7	54.1	0.8%	414.9	474.2	14.3%
Los Mochis	31.5	35.3	12.1%	254.1	275.9	8.6%
Manzanillo	7.4	9.2	23.2%	64.3	66.8	3.9%
Total	2,465.2	2,915.6	18.3%	18,444.7	20,830.6	12.9%
International Terminal Passengers (in thousands):
Airport	Aug-19	Aug-22	% Change	Jan-Aug 19	Jan-Aug 22	% Change
Guadalajara	390.9	383.0	(2.0%)	2,916.7	2,894.5	(0.8%)
Tijuana*	244.3	364.1	49.0%	1,931.7	2,761.3	42.9%
Los Cabos	260.5	338.3	29.8%	2,596.0	3,058.4	17.8%
Puerto Vallarta	155.4	215.0	38.4%	2,321.3	2,428.3	4.6%
Montego Bay	400.7	405.8	1.3%	3,359.2	2,925.1	(12.9%)
Guanajuato	61.3	69.6	13.5%	480.6	506.8	5.4%
Hermosillo	5.5	6.7	22.0%	46.4	52.7	13.6%
Kingston	0.0	184.3	N/A	0.0	991.4	N/A
Mexicali	0.6	0.5	(4.9%)	4.5	4.1	(8.8%)
Morelia	36.3	43.8	20.7%	284.3	325.3	14.4%
La Paz	0.9	2.0	112.9%	8.6	18.2	112.7%
Aguascalientes	21.8	22.3	2.3%	145.7	150.6	3.4%
Los Mochis	0.6	0.7	21.6%	4.8	5.2	6.7%
Manzanillo	2.8	4.1	44.9%	58.8	50.0	(15.0%)
Total	1,581.8	2,040.1	29.0%	14,158.6	16,171.9	14.2%
Total Terminal Passengers (in thousands):
Airport	Aug-19	Aug-22	% Change	Jan-Aug 19	Jan-Aug 22	% Change
Guadalajara	1,281.3	1,361.8	6.3%	9,846.2	9,915.8	0.7%
Tijuana*	772.1	1,106.0	43.2%	5,891.8	8,077.4	37.1%
Los Cabos	461.9	598.4	29.6%	3,900.1	4,719.6	21.0%
Puerto Vallarta	346.8	476.1	37.3%	3,548.2	4,160.3	17.3%
Montego Bay	401.5	405.8	1.1%	3,365.3	2,925.1	(13.1%)
Guanajuato	238.2	232.7	(2.3%)	1,836.1	1,653.2	(10.0%)
Hermosillo	154.2	159.0	3.1%	1,220.3	1,244.7	2.0%
Kingston	0.0	184.4	N/A	0.0	992.1	N/A
Mexicali	101.7	111.3	9.5%	785.3	810.6	3.2%
Morelia	74.6	99.0	32.8%	590.5	750.2	27.0%
La Paz	96.8	95.5	(1.3%)	676.8	730.8	8.0%
Aguascalientes	75.5	76.4	1.2%	560.5	624.8	11.5%
Los Mochis	32.1	36.0	12.3%	258.9	281.0	8.5%
Manzanillo	10.3	13.3	29.1%	123.2	116.9	(5.1%)
Total	4,047.0	4,955.7	22.5%	32,603.2	37,002.5	13.5%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
Airport	Aug-19	Aug-22	% Change	Jan-Aug 19	Jan-Aug 22	% Change
Tijuana	240.3	360.4	50.0%	1,900.1	2,739.3	44.2%
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	Aug-21	Aug-22	% Change	Jan-Aug 21	Jan-Aug 22	% Change
Guadalajara	746.3	978.8	31.2%	5,278.0	7,021.2	33.0%
Tijuana*	636.2	741.9	16.6%	4,439.3	5,316.1	19.8%
Los Cabos	191.4	260.2	35.9%	1,274.0	1,661.3	30.4%
Puerto Vallarta	181.5	261.1	43.8%	1,151.3	1,732.0	50.4%
Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
Guanajuato	135.9	163.0	19.9%	960.2	1,146.4	19.4%
Hermosillo	128.5	152.3	18.5%	881.9	1,192.1	35.2%
Kingston	0.0	0.2	400.0%	0.8	0.7	(17.7%)
Mexicali	98.8	110.8	12.1%	670.8	806.5	20.2%
Morelia	47.2	55.3	17.1%	354.0	424.9	20.0%
La Paz	80.9	93.5	15.6%	564.3	712.6	26.3%
Aguascalientes	54.6	54.1	(0.9%)	356.5	474.2	33.0%
Los Mochis	30.9	35.3	14.1%	225.1	275.9	22.6%
Manzanillo	6.3	9.2	45.1%	55.6	66.8	20.2%
Total	2,338.6	2,915.6	24.7%	16,211.8	20,830.6	28.5%
International Terminal Passengers (in thousands):
Airport	Aug-21	Aug-22	% Change	Jan-Aug 21	Jan-Aug 22	% Change
Guadalajara	368.4	383.0	4.0%	2,325.8	2,894.5	24.5%
Tijuana*	242.3	364.1	50.2%	1,705.1	2,761.3	61.9%
Los Cabos	311.6	338.3	8.6%	2,226.6	3,058.4	37.4%
Puerto Vallarta	172.3	215.0	24.7%	1,341.4	2,428.3	81.0%
Montego Bay	294.1	405.8	38.0%	1,570.0	2,925.1	86.3%
Guanajuato	66.6	69.6	4.5%	396.1	506.8	28.0%
Hermosillo	10.0	6.7	(32.7%)	67.3	52.7	(21.7%)
Kingston	97.3	184.3	89.4%	492.1	991.4	101.5%
Mexicali	0.6	0.5	(17.8%)	3.1	4.1	32.7%
Morelia	39.5	43.8	10.8%	259.3	325.3	25.4%
La Paz	2.0	2.0	(0.2%)	12.7	18.2	43.2%
Aguascalientes	21.8	22.3	2.5%	134.4	150.6	12.1%
Los Mochis	1.1	0.7	(30.4%)	6.2	5.2	(16.3%)
Manzanillo	2.4	4.1	69.6%	28.1	50.0	78.2%
Total	1,630.0	2,040.1	25.2%	10,568.1	16,171.9	53.0%
Total Terminal Passengers (in thousands):
Airport	Aug-21	Aug-22	% Change	Jan-Aug 21	Jan-Aug 22	% Change
Guadalajara	1,114.7	1,361.8	22.2%	7,603.8	9,915.8	30.4%
Tijuana*	878.5	1,106.0	25.9%	6,144.4	8,077.4	31.5%
Los Cabos	503.0	598.4	19.0%	3,500.6	4,719.6	34.8%
Puerto Vallarta	353.9	476.1	34.5%	2,492.7	4,160.3	66.9%
Montego Bay	294.1	405.8	38.0%	1,570.0	2,925.1	86.3%
Guanajuato	202.6	232.7	14.9%	1,356.2	1,653.2	21.9%
Hermosillo	138.5	159.0	14.8%	949.1	1,244.7	31.1%
Kingston	97.3	184.4	89.5%	492.9	992.1	101.3%
Mexicali	99.4	111.3	11.9%	673.9	810.6	20.3%
Morelia	86.7	99.0	14.2%	613.3	750.2	22.3%
La Paz	82.9	95.5	15.3%	577.1	730.8	26.6%
Aguascalientes	76.4	76.4	0.1%	490.9	624.8	27.3%
Los Mochis	31.9	36.0	12.7%	231.2	281.0	21.5%
Manzanillo	8.7	13.3	51.9%	83.7	116.9	39.6%
Total	3,968.6	4,955.7	24.9%	26,779.8	37,002.5	38.2%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
Airport	Aug-21	Aug-22	% Change	Jan-Aug 21	Jan-Aug 22	% Change
Tijuana	237.3	360.4	51.9%	1,686.5	2,739.3	62.4%

Highlights for the month:

• Seats and load factors: The number of seats available during August 2022 increased by 22.7%, compared to August 2021; load factors for the month went from 77.5% in August 2021 to 80.2% in August 2022.
  
• New routes:
  
  • Guadalajara – Felipe Angeles: Aeromexico
    
  • Mexicali – Felipe Angeles: 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 were the passenger traffic figures for PAC in August 2022?

PAC reported a 19.8% increase in total terminal passenger traffic for August 2022 compared to August 2019.

Which airports showed the highest growth in passenger traffic for PAC?

Tijuana, Puerto Vallarta, and Los Cabos showed significant growth, with increases of 43.2%, 37.3%, and 29.6%, respectively.

How did PAC's passenger traffic perform year-to-date in 2022?

Year-to-date, PAC's domestic passenger traffic increased by 12.9% and international traffic rose by 14.2% compared to 2019.

What was the load factor for PAC in August 2022?

The load factor for PAC in August 2022 improved to 80.2%.

How has seat availability changed for PAC in August 2022?

Seat availability for PAC increased by 22.7% in August 2022 compared to August 2021.