Grupo Aeroportuario del Pacifico Reports in March 2022 a Passenger Traffic Increase of 10.2% Compared to 2019 (Increase of 65.6% Compared to 2021)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a 11.7% increase in terminal passenger traffic in March 2022 compared to 2019. Key airports, including Tijuana and Los Cabos, experienced significant increases of 37.1% and 17.7%, respectively. The total number of terminal passengers reached 4,730.3 thousand, marking a 10.2% increase in March compared to 2019. The company also noted a 48.7% growth in available seats year-over-year, with load factors rising to 77.4%.

Positive

• 11.7% increase in total terminal passenger traffic compared to March 2019.
• Tijuana airport saw a significant 37.1% increase in passenger traffic.
• Total terminal passengers reached 4,730.3 thousand in March 2022.
• 48.7% increase in available seats compared to March 2021.
• Load factors improved to 77.4% from 65.9% in March 2021.

Negative

• Some airports, like Puerto Vallarta and Guanajuato, showed declines in passenger traffic compared to 2019.

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

For March 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 11.7%, compared to the same period of 2019. Tijuana, Los Cabos, Puerto Vallarta and Guadalajara airports presented an increase in passenger traffic of 37.1%, 17.7%, 6.6% and 0.9%, respectively.

Passenger traffic 2022 compared to 2019 figures
Domestic Terminal Passengers (in thousands):
Airport	Mar - 19	Mar - 22	% Change	Jan-Mar 19	Jan-Mar 22	% Change
Guadalajara	882.2	887.6	0.6%	2,420.4	2,360.4	(2.5%)
Tijuana*	496.1	665.6	34.2%	1,361.2	1,820.9	33.8%
Los Cabos	140.9	185.3	31.5%	394.7	512.8	29.9%
Puerto Vallarta	126.3	191.9	52.0%	351.8	498.8	41.8%
Montego Bay	0.6	0.0	(100.0%)	1.8	0.0	(100.0%)
Guanajuato	163.7	139.1	(15.0%)	462.0	382.3	(17.2%)
Hermosillo	144.1	150.5	4.4%	385.0	383.2	(0.5%)
Mexicali	96.3	101.9	5.8%	266.0	290.2	9.1%
Kingston	0.0	0.1	N/A	0.0	0.2	N/A
Morelia	38.4	49.6	29.2%	110.2	147.6	33.9%
La Paz	74.9	91.2	21.8%	210.1	238.2	13.4%
Aguascalientes	53.0	61.4	15.8%	142.9	158.0	10.5%
Los Mochis	29.9	35.5	18.6%	83.8	96.1	14.7%
Manzanillo	7.8	8.4	8.6%	23.9	24.0	0.5%
Total	2,254.2	2,568.1	13.9%	6,213.6	6,912.7	11.3%
International Terminal Passengers (in thousands):
Airport	Mar - 19	Mar - 22	% Change	Jan-Mar 19	Jan-Mar 22	% Change
Guadalajara	326.3	331.8	1.7%	988.1	969.9	(1.8%)
Tijuana*	223.0	320.2	43.6%	658.1	923.2	40.3%
Los Cabos	410.8	463.9	12.9%	1,056.2	1,124.8	6.5%
Puerto Vallarta	459.8	432.9	(5.8%)	1,257.0	1,061.0	(15.6%)
Montego Bay	491.2	385.7	(21.5%)	1,336.2	928.1	(30.5%)
Guanajuato	57.0	58.2	2.0%	171.3	175.5	2.5%
Hermosillo	5.3	6.4	21.3%	17.1	18.6	8.8%
Mexicali	0.6	0.5	(7.4%)	1.4	1.2	(18.0%)
Kingston	0.0	98.4	N/A	0.0	268.2	N/A
Morelia	34.1	37.3	9.5%	101.3	116.3	14.9%
La Paz	1.6	2.8	77.6%	3.6	7.5	108.5%
Aguascalientes	14.1	14.7	3.9%	44.5	47.1	5.9%
Los Mochis	0.5	0.6	32.0%	1.6	1.7	6.6%
Manzanillo	13.5	8.7	(35.9%)	37.2	25.6	(31.0%)
Total	2,037.8	2,162.2	6.1%	5,673.6	5,668.7	-0.1
Total Terminal Passengers (in thousands):
Airport	Mar - 19	Mar - 22	% Change	Jan-Mar 19	Jan-Mar 22	% Change
Guadalajara	1,208.6	1,219.4	0.9%	3,408.5	3,330.3	(2.3%)
Tijuana*	719.1	985.9	37.1%	2,019.3	2,744.1	35.9%
Los Cabos	551.7	649.2	17.7%	1,450.9	1,637.6	12.9%
Puerto Vallarta	586.1	624.8	6.6%	1,608.7	1,559.8	(3.0%)
Montego Bay	491.8	385.7	(21.6%)	1,338.0	928.1	(30.6%)
Guanajuato	220.8	197.3	(10.6%)	633.3	557.9	(11.9%)
Hermosillo	149.4	156.9	5.0%	402.1	401.8	(0.1%)
Mexicali	96.9	102.5	5.8%	267.4	291.4	8.9%
Kingston	0.0	98.4	N/A	0.0	268.3	N/A
Morelia	72.5	86.9	19.9%	211.5	263.9	24.8%
La Paz	76.4	94.0	23.0%	213.6	245.6	15.0%
Aguascalientes	67.1	76.1	13.3%	187.5	205.1	9.4%
Los Mochis	30.4	36.2	18.8%	85.4	97.8	14.5%
Manzanillo	21.3	17.1	(19.7%)	61.0	49.6	(18.6%)
Total	4,292.0	4,730.3	10.2%	11,887.2	12,581.4	5.8%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
Airport	Mar - 19	Mar - 22	% Change	Jan-Mar 19	Jan-Mar 22	% Change
Tijuana	219.4	317.7	44.8%	647.3	917.4	41.7%
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 2021 compared to 2020 figures
Domestic Terminal Passengers (in thousands):
Airport	Mar - 21	Mar - 22	% Change	Jan-Mar 21	Jan-Mar 22	% Change
Guadalajara	611.6	887.6	45.1%	1,573.6	2,360.4	50.0%
Tijuana*	535.9	665.6	24.2%	1,410.7	1,820.9	29.1%
Los Cabos	142.4	185.3	30.1%	366.9	512.8	39.8%
Puerto Vallarta	125.7	191.9	52.6%	300.4	498.8	66.0%
Montego Bay	0.0	0.0	0.0%	0.0	0.0	0.0%
Guanajuato	109.9	139.1	26.6%	286.0	382.3	33.7%
Hermosillo	108.0	150.5	39.4%	257.6	383.2	48.8%
Mexicali	68.1	101.9	49.7%	190.2	290.2	52.5%
Kingston	0.0	0.1	24.5%	0.1	0.2	46.6%
Morelia	38.9	49.6	27.4%	109.1	147.6	35.3%
La Paz	64.8	91.2	40.7%	169.1	238.2	40.8%
Aguascalientes	35.7	61.4	72.1%	97.7	158.0	61.6%
Los Mochis	27.4	35.5	29.8%	70.9	96.1	35.5%
Manzanillo	6.7	8.4	26.1%	17.1	24.0	40.1%
Total	1,875.1	2,568.1	37.0%	4,849.5	6,912.7	42.5%
International Terminal Passengers (in thousands):
Airport	Mar - 21	Mar - 22	% Change	Jan-Mar 21	Jan-Mar 22	% Change
Guadalajara	195.4	331.8	69.8%	595.0	969.9	63.0%
Tijuana*	167.3	320.2	91.4%	424.8	923.2	117.3%
Los Cabos	232.0	463.9	100.0%	534.4	1,124.8	110.5%
Puerto Vallarta	146.8	432.9	195.0%	352.5	1,061.0	201.0%
Montego Bay	129.4	385.7	198.1%	304.7	928.1	204.5%
Guanajuato	27.8	58.2	109.3%	85.4	175.5	105.5%
Hermosillo	7.4	6.4	(13.8%)	19.9	18.6	(6.3%)
Mexicali	0.3	0.5	74.2%	0.7	1.2	70.7%
Kingston	36.7	98.4	168.2%	115.4	268.2	132.4%
Morelia	21.8	37.3	71.3%	75.1	116.3	55.0%
La Paz	1.8	2.8	56.3%	4.0	7.5	88.0%
Aguascalientes	11.1	14.7	32.5%	33.9	47.1	39.0%
Los Mochis	0.6	0.6	11.4%	1.6	1.7	12.0%
Manzanillo	3.7	8.7	131.5%	9.4	25.6	173.2%
Total	982.0	2,162.2	120.2%	2,556.6	5,668.7	121.7%
Total Terminal Passengers (in thousands):
Airport	Mar - 21	Mar - 22	% Change	Jan-Mar 21	Jan-Mar 22	% Change
Guadalajara	807.0	1,219.4	51.1%	2,168.5	3,330.3	53.6%
Tijuana*	703.2	985.9	40.2%	1,835.5	2,744.1	49.5%
Los Cabos	374.4	649.2	73.4%	901.3	1,637.6	81.7%
Puerto Vallarta	272.5	624.8	129.3%	652.9	1,559.8	138.9%
Montego Bay	129.4	385.7	198.1%	304.7	928.1	204.5%
Guanajuato	137.7	197.3	43.3%	371.4	557.9	50.2%
Hermosillo	115.4	156.9	36.0%	277.4	401.8	44.8%
Mexicali	68.4	102.5	49.8%	190.9	291.4	52.6%
Kingston	36.7	98.4	168.0%	115.5	268.3	132.4%
Morelia	60.7	86.9	43.2%	184.1	263.9	43.3%
La Paz	66.6	94.0	41.1%	173.1	245.6	41.9%
Aguascalientes	46.8	76.1	62.7%	131.7	205.1	55.8%
Los Mochis	28.0	36.2	29.4%	72.5	97.8	34.9%
Manzanillo	10.4	17.1	63.9%	26.5	49.6	87.2%
Total	2,857.2	4,730.3	65.6%	7,406.1	12,581.4	69.9%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX
Airport	Mar - 21	Mar - 22	% Change	Jan-Mar 21	Jan-Mar 22	% Change
Tijuana	165.8	317.7	91.6%	421.0	917.4	117.9%

Highlights for the month:

• Seats and load factors: The number of seats available during March 2022 increased by 48.7%, compared to March 2021; load factors for the month went from 65.9% in March 2021 to 77.4% in March 2022.
  
  
• New routes:
  
  
  • Santa Lucia (Mexico City) - Tijuana: Volaris
  • Santa Lucia (Mexico City) - Guadalajara: VivaAerobus
  • Los Cabos - Baltimore: Southwest

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.

R Contacts:
Saúl Villarreal, Chief Financial Officer	svillarreal@aeropuertosgap.com.mx
Alejandra Soto, IR and Financial Planning Manager	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294

FAQ

What were the passenger traffic trends for PAC in March 2022?

PAC reported an 11.7% increase in total terminal passenger traffic in March 2022 compared to March 2019.

Which PAC airports saw the highest traffic growth in March 2022?

The Tijuana airport led with a 37.1% increase, followed by Los Cabos with a 17.7% increase in passenger traffic.

How many total terminal passengers did PAC have in March 2022?

PAC had a total of 4,730.3 thousand terminal passengers in March 2022.

What was the change in available seats for PAC in March 2022?

Available seats increased by 48.7% compared to March 2021.

What was the load factor for PAC in March 2022?

PAC's load factor rose to 77.4% in March 2022.