Grupo Aeroportuario del Pacifico Reports in July 2022 a Passenger Traffic Increase of 20.7% Compared to 2019

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a significant increase in terminal passenger traffic for July 2022, with an 18.9% rise compared to July 2019. This growth is driven by strong performances in Tijuana (44.4%), Puerto Vallarta (39.9%), Los Cabos (25.1%), and Guadalajara (4.2%). Overall, total terminal passengers reached 3,026.6 thousand, representing a 15.9% increase since July 2019. The load factor improved to 82.8%, up from 77.9% in July 2021. New routes introduced include Guadalajara to Toluca and Los Cabos to Madrid, enhancing connectivity.

Positive

• 18.9% increase in terminal passenger traffic compared to July 2019.
• 44.4% rise in passenger traffic at Tijuana airport.
• New routes established, improving regional connectivity.

Negative

• None.

(Increase of 23.3% Compared to 2021)

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

For July 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 18.9%, compared to the same period of 2019. Tijuana, Puerto Vallarta, Los Cabos and Guadalajara presented an increase in passenger traffic of 44.4%, 39.9%, 25.1% and 4.2% respectively, compared to July 2019.

Passenger traffic 2022 compared to 2019 figures
Domestic Terminal Passengers (in thousands):.
Airport	Jul-19	Jul-22	% Change	Jan-Jul 19	Jan-Jul 22	% Change
Guadalajara	944.8	1,008.2	6.7%	6,039.1	6,042.3	0.1%
Tijuana*	537.5	752.3	40.0%	3,432.4	4,574.2	33.3%
Los Cabos	217.3	256.7	18.2%	1,102.8	1,401.1	27.1%
Puerto Vallarta	204.2	280.3	37.3%	1,035.5	1,471.0	42.1%
Montego Bay	1.1	0.0	(100.0%)	5.3	0.0	(100.0%)
Guanajuato	184.3	174.1	(5.5%)	1,178.5	983.3	(16.6%)
Hermosillo	165.3	175.3	6.0%	1,025.3	1,039.8	1.4%
Kingston	0.0	0.0	N/A	0.0	0.5	N/A
Mexicali	110.4	104.9	(5.0%)	679.8	695.7	2.4%
Morelia	41.9	56.1	33.9%	267.8	369.6	38.0%
La Paz	106.0	106.4	0.4%	572.3	619.0	8.2%
Aguascalientes	55.9	66.5	18.9%	361.2	420.1	16.3%
Los Mochis	35.5	36.6	3.1%	222.6	240.6	8.1%
Manzanillo	7.7	9.2	19.6%	56.9	57.7	1.4%
Total	2,611.7	3,026.6	15.9%	15,979.4	17,914.9	12.1%
International Terminal Passengers (in thousands):
Airport	Jul-19	Jul-22	% Change	Jan-Jul 19	Jan-Jul 22	% Change
Guadalajara	449.0	443.9	(1.1%)	2,525.7	2,511.5	(0.6%)
Tijuana*	293.2	447.5	52.6%	1,687.3	2,397.2	42.1%
Los Cabos	316.2	410.7	29.9%	2,335.4	2,720.1	16.5%
Puerto Vallarta	195.3	278.4	42.6%	2,165.9	2,213.3	2.2%
Montego Bay	442.0	430.3	(2.6%)	2,958.5	2,519.3	(14.8%)
Guanajuato	74.2	80.0	7.8%	419.3	437.2	4.3%
Hermosillo	6.4	7.5	18.1%	40.9	46.0	12.5%
Kingston	0.0	176.3	N/A	0.0	806.9	N/A
Mexicali	0.6	0.6	10.8%	3.9	3.5	(9.3%)
Morelia	41.0	47.9	16.9%	248.1	281.5	13.5%
La Paz	1.0	2.5	145.8%	7.6	16.3	112.7%
Aguascalientes	24.5	23.3	(4.8%)	123.8	128.3	3.6%
Los Mochis	0.7	0.7	(3.4%)	4.2	4.4	4.6%
Manzanillo	3.7	4.7	28.1%	56.0	45.9	(18.0%)
Total	1,847.7	2,354.5	27.4%	12,576.8	14,131.5	12.4%
Total Terminal Passengers (in thousands):
Airport	Jul-19	Jul-22	% Change	Jan-Jul 19	Jan-Jul 22	% Change
Guadalajara	1,393.8	1,452.1	4.2%	8,564.9	8,553.8	(0.1%)
Tijuana*	830.6	1,199.7	44.4%	5,119.7	6,971.4	36.2%
Los Cabos	533.4	667.4	25.1%	3,438.2	4,121.2	19.9%
Puerto Vallarta	399.5	558.7	39.9%	3,201.4	3,684.2	15.1%
Montego Bay	443.1	430.3	(2.9%)	2,963.8	2,519.3	(15.0%)
Guanajuato	258.4	254.1	(1.7%)	1,597.8	1,420.5	(11.1%)
Hermosillo	171.7	182.8	6.5%	1,066.1	1,085.8	1.8%
Kingston	0.0	176.3	N/A	0.0	807.4	N/A
Mexicali	111.0	105.5	(4.9%)	683.7	699.3	2.3%
Morelia	82.9	104.1	25.5%	515.9	651.1	26.2%
La Paz	107.0	108.8	1.7%	580.0	635.3	9.5%
Aguascalientes	80.4	89.9	11.7%	485.0	548.4	13.1%
Los Mochis	36.2	37.3	3.0%	226.9	245.0	8.0%
Manzanillo	11.4	13.9	22.4%	112.9	103.6	(8.2%)
Total	4,459.4	5,381.1	20.7%	28,556.2	32,046.4	12.2%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
Airport	Jul-19	Jul-22	% Change	Jan-Jul 19	Jan-Jul 22	% Change
Tijuana	288.9	444.3	53.8%	1,659.9	2,378.9	43.3%
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	Jul-21	Jul-22	% Change	Jan-Jul 21	Jan-Jul 22	% Change
Guadalajara	780.3	1,008.2	29.2%	4,531.7	6,042.3	33.3%
Tijuana*	619.1	752.3	21.5%	3,803.1	4,574.2	20.3%
Los Cabos	195.2	256.7	31.5%	1,082.6	1,401.1	29.4%
Puerto Vallarta	216.3	280.3	29.6%	969.8	1,471.0	51.7%
Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
Guanajuato	143.3	174.1	21.5%	824.2	983.3	19.3%
Hermosillo	134.8	175.3	30.0%	753.3	1,039.8	38.0%
Kingston	0.1	0.0	(54.5%)	0.8	0.5	(35.8%)
Mexicali	108.8	104.9	(3.6%)	572.0	695.7	21.6%
Morelia	51.1	56.1	9.8%	306.8	369.6	20.5%
La Paz	85.8	106.4	24.0%	483.5	619.0	28.0%
Aguascalientes	59.5	66.5	11.8%	301.9	420.1	39.1%
Los Mochis	31.6	36.6	16.0%	194.2	240.6	23.9%
Manzanillo	9.0	9.2	1.4%	49.3	57.7	17.0%
Total	2,434.9	3,026.6	24.3%	13,873.2	17,914.9	29.1%
International Terminal Passengers (in thousands):
Airport	Jul-21	Jul-22	% Change	Jan-Jul 21	Jan-Jul 22	% Change
Guadalajara	413.1	443.9	7.5%	1,957.4	2,511.5	28.3%
Tijuana*	300.2	447.5	49.1%	1,462.8	2,397.2	63.9%
Los Cabos	397.2	410.7	3.4%	1,915.0	2,720.1	42.0%
Puerto Vallarta	240.8	278.4	15.6%	1,169.1	2,213.3	89.3%
Montego Bay	314.5	430.3	36.9%	1,275.9	2,519.3	97.5%
Guanajuato	80.6	80.0	(0.8%)	329.4	437.2	32.7%
Hermosillo	11.5	7.5	(34.6%)	57.3	46.0	(19.8%)
Kingston	96.0	176.3	83.7%	394.8	806.9	104.4%
Mexicali	0.6	0.6	3.9%	2.4	3.5	46.0%
Morelia	43.0	47.9	11.5%	219.8	281.5	28.0%
La Paz	2.5	2.5	0.2%	10.8	16.3	51.2%
Aguascalientes	24.1	23.3	(3.2%)	112.7	128.3	13.9%
Los Mochis	1.1	0.7	(38.2%)	5.1	4.4	(13.4%)
Manzanillo	4.2	4.7	13.2%	25.7	45.9	79.0%
Total	1,929.4	2,354.5	22.0%	8,938.0	14,131.5	58.1%
Total Terminal Passengers (in thousands):
Airport	Jul-21	Jul-22	% Change	Jan-Jul 21	Jan-Jul 22	% Change
Guadalajara	1,193.4	1,452.1	21.7%	6,489.1	8,553.8	31.8%
Tijuana*	919.3	1,199.7	30.5%	5,265.9	6,971.4	32.4%
Los Cabos	592.4	667.4	12.7%	2,997.6	4,121.2	37.5%
Puerto Vallarta	457.1	558.7	22.2%	2,138.9	3,684.2	72.3%
Montego Bay	314.5	430.3	36.9%	1,275.9	2,519.3	97.5%
Guanajuato	223.9	254.1	13.5%	1,153.7	1,420.5	23.1%
Hermosillo	146.3	182.8	24.9%	810.6	1,085.8	33.9%
Kingston	96.1	176.3	83.6%	395.5	807.4	104.1%
Mexicali	109.4	105.5	(3.5%)	574.4	699.3	21.7%
Morelia	94.1	104.1	10.6%	526.6	651.1	23.6%
La Paz	88.3	108.8	23.3%	494.2	635.3	28.5%
Aguascalientes	83.6	89.9	7.4%	414.6	548.4	32.3%
Los Mochis	32.7	37.3	14.1%	199.3	245.0	23.0%
Manzanillo	13.2	13.9	5.1%	75.0	103.6	38.2%
Total	4,364.3	5,381.1	23.3%	22,811.2	32,046.4	40.5%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
Airport	Jul-21	Jul-22	% Change	Jan-Jul 21	Jan-Jul 22	% Change
Tijuana	296.6	444.3	49.8%	1,449.3	2,378.9	64.1%

Highlights for the month:

• Seats and load factors: The number of seats available during July 2022 increased by 27.4%, compared to July 2021; load factors for the month went from 77.9% in July 2021 to 82.8% in July 2022.
  
• New routes:
  
  • Guadalajara – Toluca: Volaris
    
  • Puerto Vallarta – Toluca: Volaris
  • Los Cabos – Toluca: Volaris
  • Tijuana – Toluca: Volaris
  • Tijuana – Puerto Escondido: Volaris
  • Los Cabos – Madrid: Iberojet

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 Grupo Aeroportuario del Pacífico's passenger traffic figures for July 2022?

Grupo Aeroportuario del Pacífico reported 3,026.6 thousand terminal passengers in July 2022, an 18.9% increase compared to July 2019.

How did passenger traffic in Tijuana perform in July 2022?

In July 2022, Tijuana saw a 44.4% increase in passenger traffic compared to July 2019.

What is the load factor for GAP in July 2022?

The load factor for Grupo Aeroportuario del Pacífico in July 2022 was 82.8%, up from 77.9% in July 2021.

Did GAP introduce any new routes in July 2022?

Yes, GAP introduced new routes including Guadalajara to Toluca and Los Cabos to Madrid.

What is the significance of the 15.9% increase in passenger traffic since July 2019?

The 15.9% increase in passenger traffic indicates a strong recovery and growth in travel demand for Grupo Aeroportuario del Pacífico's airports.