Grupo Aeroportuario del Pacifico Reports in January 2022 a Passenger Traffic Increase of 0.1% Compared to 2019 (Increase of 56.6% Compared to 2021)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported preliminary passenger traffic for January 2022, indicating a 2.3% increase compared to January 2019. Tijuana and Los Cabos led growth with increases of 28.9% and 6.3%, respectively. In contrast, Guadalajara and Puerto Vallarta saw declines of 8.2% and 11.8%. Compared to January 2021, total traffic rose by 37.1%, with load factors improving from 53.3% to 68.7%.

The number of available seats increased by 28.6%, reflecting expanded capacity.

Positive

• Total terminal passenger traffic increased by 2.3% compared to January 2019.
• Tijuana and Los Cabos airports experienced significant passenger traffic growth of 28.9% and 6.3%, respectively.
• Total traffic compared to January 2021 rose by 37.1%.
• Load factors improved from 53.3% in January 2021 to 68.7% in January 2022.
• The number of available seats increased by 28.6%.

Negative

• Guadalajara and Puerto Vallarta airports reported decreases in passenger traffic of 8.2% and 11.8%, respectively.

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

For January 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 2.3%, compared to the same period of 2019. Tijuana and Los Cabos airports presented an increase in passenger traffic of 28.9% and 6.3%, respectively, while the Puerto Vallarta and Guadalajara airports presented a decrease of 11.8% and 7.3%, respectively.

Passenger traffic 2022 compared to 2019 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	Jan-19	Jan-22	% Change
Guadalajara	803.2	737.5	(8.2%)
Tijuana*	455.3	592.8	30.2%
Los Cabos	134.5	170.5	26.7%
Puerto Vallarta	122.4	162.2	32.5%
Montego Bay	0.6	0.0	(100.0%)
Guanajuato	163.4	128.4	(21.4%)
Hermosillo	126.2	122.5	(2.9%)
Mexicali	92.3	99.5	7.8%
Morelia	38.6	51.4	33.1%
Kingston	0.0	0.1	N/A
La Paz	72.2	74.7	3.5%
Aguascalientes	46.8	50.3	7.5%
Los Mochis	28.3	30.9	9.4%
Manzanillo	8.9	7.8	(12.4%)
Total	2,092.7	2,228.6	6.5%

International Terminal Passengers – 14 airports (in thousands):

Airport	Jan-19	Jan-22	% Change
Guadalajara	382.1	361.7	(5.3%)
Tijuana*	259.3	328.6	26.7%
Los Cabos	325.6	318.8	(2.1%)
Puerto Vallarta	409.1	306.8	(25.0%)
Montego Bay	439.2	267.3	(39.1%)
Guanajuato	66.1	67.8	2.6%
Hermosillo	6.6	6.7	1.4%
Mexicali	0.5	0.3	(32.4%)
Morelia	37.5	44.3	18.1%
Kingston	0.0	91.1	N/A
La Paz	1.0	2.3	127.8%
Aguascalientes	17.6	18.8	6.6%
Los Mochis	0.7	0.6	(7.9%)
Manzanillo	11.3	8.8	(22.5%)
Total	1,956.7	1,824.0	(6.8%)

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

Total Terminal Passengers – 14 airports (in thousands):

Airport	Jan-19	Jan-22	% Change
Guadalajara	1,185.3	1,099.2	(7.3%)
Tijuana*	714.6	921.4	28.9%
Los Cabos	460.2	489.2	6.3%
Puerto Vallarta	531.5	468.9	(11.8%)
Montego Bay	439.8	267.3	(39.2%)
Guanajuato	229.4	196.2	(14.5%)
Hermosillo	132.8	129.3	(2.7%)
Mexicali	92.7	99.8	7.6%
Morelia	76.2	95.7	25.7%
Kingston	0.0	91.2	N/A
La Paz	73.2	77.0	5.3%
Aguascalientes	64.5	69.1	7.2%
Los Mochis	28.9	31.5	8.9%
Manzanillo	20.2	16.6	(18.1%)
Total	4,049.4	4,052.6	0.1%

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

CBX Users (in thousands):

Airport	Jan-19	Jan-22	% Change
Tijuana	255.5	327.0	28.0%

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 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	Jan-21	Jan-22	% Change
Guadalajara	526.7	737.5	40.0%
Tijuana*	468.6	592.8	26.5%
Los Cabos	121.6	170.5	40.2%
Puerto Vallarta	95.6	162.2	69.6%
Montego Bay	0.0	0.0	N/A
Guanajuato	99.4	128.4	29.2%
Hermosillo	80.1	122.5	53.0%
Mexicali	68.7	99.5	44.9%
Morelia	41.2	51.4	24.7%
Kingston	0.1	0.1	12.5%
La Paz	57.7	74.7	29.4%
Aguascalientes	34.7	50.3	45.0%
Los Mochis	24.9	30.9	24.3%
Manzanillo	5.8	7.8	34.9%
Total	1,625.0	2,228.6	37.1%

International Terminal Passengers – 14 airports (in thousands):

Airport	Jan-21	Jan-22	% Change
Guadalajara	262.5	361.7	37.8%
Tijuana*	154.0	328.6	113.4%
Los Cabos	172.0	318.8	85.3%
Puerto Vallarta	123.9	306.8	147.7%
Montego Bay	99.7	267.3	168.2%
Guanajuato	39.3	67.8	72.3%
Hermosillo	7.0	6.7	(4.1%)
Mexicali	0.2	0.3	48.1%
Morelia	34.4	44.3	28.8%
Kingston	48.7	91.1	87.3%
La Paz	1.3	2.3	81.3%
Aguascalientes	16.0	18.8	17.8%
Los Mochis	0.6	0.6	12.2%
Manzanillo	3.4	8.8	159.6%
Total	962.9	1,824.0	89.4%

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

Total Terminal Passengers – 14 airports (in thousands):

Airport	Jan-21	Jan-22	% Change
Guadalajara	789.2	1,099.2	39.3%
Tijuana*	622.5	921.4	48.0%
Los Cabos	293.6	489.2	66.6%
Puerto Vallarta	219.5	468.9	113.7%
Montego Bay	99.7	267.3	168.2%
Guanajuato	138.8	196.2	41.4%
Hermosillo	87.1	129.3	48.4%
Mexicali	68.9	99.8	44.9%
Morelia	75.7	95.7	26.6%
Kingston	48.7	91.2	87.3%
La Paz	59.0	77.0	30.5%
Aguascalientes	50.7	69.1	36.4%
Los Mochis	25.4	31.5	24.1%
Manzanillo	9.1	16.6	81.1%
Total	2,587.9	4,052.6	56.6%

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

CBX Users (in thousands):

Airport	Jan-21	Jan-22	% Change
Tijuana	152.7	327.0	114.1%

Highlights for the period:

• Seats and load factors: The number of seats available during January 2022 increased by 28.6% compared to January 2021; load factors for the month went from 53.3% in January 2021 to 68.7% in January 2022.
  
  
• New routes:
  
  
  • Los Cabos – Abbotsford (Canada): Swoop

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 are the January 2022 passenger traffic figures for PAC?

PAC reported a 2.3% increase in total terminal passenger traffic compared to January 2019.

Which airports saw significant growth in passenger traffic in January 2022?

Tijuana and Los Cabos airports saw growths of 28.9% and 6.3%, respectively.

How does January 2022 traffic compare to January 2021 for PAC?

Total traffic increased by 37.1% compared to January 2021.

What was the load factor for PAC in January 2022?

The load factor improved to 68.7% in January 2022 from 53.3% in January 2021.

Did all airports under PAC report passenger growth in January 2022?

No, Guadalajara and Puerto Vallarta reported decreases of 8.2% and 11.8%, respectively.