Grupo Aeroportuario del Pacifico Reports in July 2023 a Passenger Traffic Increase of 11.5% Compared to 2022

Rhea-AI Summary

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announces an 11.1% increase in terminal passenger traffic for July 2023 compared to the same period in 2022. Guadalajara, Los Cabos, Tijuana, and Puerto Vallarta saw passenger traffic increases of 13.2%, 9.3%, 7.9%, and 1.5% respectively. The company also opened 43 new routes and increased seats available by 9.6%.

Positive

• 11.1% increase in terminal passenger traffic signals positive growth for the company.
• Opening of 43 new routes reflects a commitment to expanding operations and reaching new markets.

Negative

• None.

GUADALAJARA, Mexico, Aug. 04, 2023 (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 2023, compared with the same period of 2022.

For July 2023, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 11.1%, compared to the same period in 2022. Guadalajara, Los Cabos, Tijuana, and Puerto Vallarta presented an increase in passenger traffic of 13.2%, 9.3%, 7.9%, and 1.5% respectively, compared to June 2022. On the other hand, Montego Bay increased by 19.4%, compared to 2022.

Domestic Terminal Passengers (in thousands):

	Airport	Jul-22	Jul-23	% Change		Jan - Jul 22	Jan - Jul 23	% Change
	Guadalajara	1,008.3	1,136.7	12.7	%	6,042.4	7,269.9	20.3	%
	Tijuana*	752.3	844.7	12.3	%	4,574.2	5,148.0	12.5	%
	Los Cabos	256.7	301.7	17.5	%	1,401.1	1,713.4	22.3	%
	Puerto Vallarta	280.3	302.5	7.9	%	1,471.0	1,700.1	15.6	%
	Montego Bay	0.0	0.0	N/A		0.0	0.0	N/A
	Guanajuato	174.1	226.6	30.1	%	983.3	1,293.2	31.5	%
	Hermosillo	175.3	190.3	8.6	%	1,039.8	1,185.9	14.0	%
	Kingston	0.0	0.2	440.0	%	0.5	0.7	52.3	%
	Mexicali	104.9	159.8	52.3	%	695.7	887.0	27.5	%
	Morelia	56.1	82.1	46.2	%	369.6	470.1	27.2	%
	La Paz	106.4	116.3	9.4	%	619.0	626.9	1.3	%
	Aguascalientes	66.5	58.4	(12.3	%)	420.1	365.4	(13.0	%)
	Los Mochis	36.6	44.6	21.8	%	240.6	257.7	7.1	%
	Manzanillo	9.2	9.9	8.5	%	57.7	62.7	8.8	%
	Total	3,026.7	3,473.7	14.8	%	17,915.1	20,981.0	17.1	%

International Terminal Passengers (in thousands):

	Airport	Jul-22	Jul-23	% Change		Jan - Jul 22	Jan - Jul 23	% Change
	Guadalajara	443.9	507.8	14.4	%	2,511.5	3,014.5	20.0	%
	Tijuana*	447.5	449.3	0.4	%	2,397.2	2,609.9	8.9	%
	Los Cabos	410.7	427.5	4.1	%	2,720.1	3,031.2	11.4	%
	Puerto Vallarta	278.4	264.6	(5.0	%)	2,213.3	2,529.4	14.3	%
	Montego Bay	430.4	513.7	19.4	%	2,519.3	3,170.5	25.8	%
	Guanajuato	80.0	85.4	6.7	%	437.2	503.5	15.2	%
	Hermosillo	7.5	6.5	(12.8	%)	46.0	43.3	(5.9	%)
	Kingston	176.6	181.7	2.9	%	807.2	1,011.2	25.3	%
	Mexicali	0.6	0.7	10.3	%	3.5	4.2	18.9	%
	Morelia	47.9	54.9	14.5	%	281.5	349.8	24.3	%
	La Paz	2.5	1.0	(57.9	%)	16.3	8.8	(46.1	%)
	Aguascalientes	23.3	29.5	26.4	%	128.3	162.3	26.5	%
	Los Mochis	0.7	0.7	2.7	%	4.4	4.2	(4.4	%)
	Manzanillo	4.7	2.4	(48.6	%)	45.9	45.1	(1.8	%)
	Total	2,354.8	2,525.9	7.3	%	14,131.7	16,488.0	16.7	%

Total Terminal Passengers (in thousands): 

	Airport	Jul-22	Jul-23	% Change		Jan - Jul 22	Jan - Jul 23	% Change
	Guadalajara	1,452.3	1,644.5	13.2	%	8,554.0	10,284.4	20.2	%
	Tijuana*	1,199.7	1,294.0	7.9	%	6,971.4	7,757.9	11.3	%
	Los Cabos	667.4	729.2	9.3	%	4,121.2	4,744.6	15.1	%
	Puerto Vallarta	558.7	567.1	1.5	%	3,684.2	4,229.5	14.8	%
	Montego Bay	430.4	513.7	19.4	%	2,519.3	3,170.5	25.8	%
	Guanajuato	254.1	311.9	22.8	%	1,420.5	1,796.7	26.5	%
	Hermosillo	182.8	196.8	7.7	%	1,085.8	1,229.1	13.2	%
	Kingston	176.6	181.9	3.0	%	807.7	1,012.0	25.3	%
	Mexicali	105.5	160.5	52.1	%	699.3	891.2	27.4	%
	Morelia	104.1	137.0	31.6	%	651.1	819.9	25.9	%
	La Paz	108.8	117.4	7.9	%	635.3	635.7	0.1	%
	Aguascalientes	89.9	87.9	(2.2	%)	548.4	527.7	(3.8	%)
	Los Mochis	37.3	45.3	21.4	%	245.0	261.9	6.9	%
	Manzanillo	13.9	12.4	(11.0	%)	103.6	107.8	4.1	%
	Total	5,381.5	5,999.6	11.5	%	32,046.8	37,469.0	16.9	%

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

CBX users (in thousands):

	Airport	Jul-22	Jul-23	% Change		Jan - Jul 22	Jan - Jul 23	% Change
	Tijuana	444.3	445.5	0.3	%	2,378.9	2,588.2	8.8	%

Highlights for the month:

• Seats and load factors: The number of seats available during July 2023 increased by 9.6%, compared to July 2022; load factors for the month went from 82.9% in July 2022 to 74.7% in July 2023.
  
  
• Opening of 43 new routes:

Origin	Destination	Airline
Guadalajara	Loreto	Volaris
	Cozumel	Volaris
	Huatulco	Volaris
Guanajuato	Ciudad Obregon	Volaris
	Culiacan	Volaris
	Los Mochis	Volaris
	Torreon	Volaris
	Tuxtla Gutierrez	Volaris
	La Paz	Volaris
	Oaxaca	Volaris
	Veracruz	Volaris
	Acapulco	Volaris
	Mazatlan	Volaris
	Zihuatanejo	Volaris
	Hermosillo	Volaris
Hermosillo	Mexicali	Volaris
	Guanajuato	Volaris
	Cancun	Volaris
	Ciudad Juarez	Volaris
	Culiacan	Volaris
	Felipe Angeles	Volaris
La Paz	Mazatlan	Volaris
	Guanajuato	Volaris
	Monterrey	Volaris
Los Cabos	Ciudad Juarez	Viva Aerobus
	Queretaro	Viva Aerobus
	Torreon	Viva Aerobus
	Queretaro	Volaris
	Mexicali	Volaris
Los Mochis	Chihuahua	Volaris
	Hermosillo	Volaris
Mexicali	Chihuahua	Volaris
	Hermosillo	Volaris
	Ciudad Juarez	Volaris
	Oaxaca	Volaris
	Queretaro	Volaris
	Los Mochis	Volaris
	Tuxtla Gutierrez	Volaris
	Los Cabos	Volaris
	Puerto Vallarta	Volaris
Puerto Vallarta	Mexicali	Volaris
	Culiacan	Volaris
Tijuana	Villahermosa	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 Norman Manley International Airport operation 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 involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 01 800 563 00 47. The website is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation. 

Contact:

Alejandra Soto, Investor Relations and Social Responsibility Officer
asoto@aeropuertosgap.com.mx 

Gisela Murillo, Investor Relations
gmurillo@aeropuertosgap.com.mx / +52 33 3880 1100 ext. 20294

FAQ

How much did terminal passenger traffic increase in July 2023 compared to July 2022?

Terminal passenger traffic at GAP's 12 Mexican airports increased by 11.1% in July 2023 compared to the same period in 2022.

What are the significant passenger traffic increases at specific airports?

Guadalajara, Los Cabos, Tijuana, and Puerto Vallarta saw passenger traffic increases of 13.2%, 9.3%, 7.9%, and 1.5% respectively in July 2023.

How many new routes did the company open?

The company opened 43 new routes in July 2023.

What was the percentage change in available seats from July 2022 to July 2023?

The number of seats available during July 2023 increased by 9.6% compared to July 2022.