Grupo Aeroportuario del Pacifico Reports in March 2023 a Passenger Traffic Increase of 15.8% Compared to 2022

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a 14.2% increase in total terminal passenger traffic for March 2023, compared to the same month in 2022, across its 12 airports in Mexico. Key airports such as Guadalajara, Los Cabos, Puerto Vallarta, and Tijuana saw significant growth, with Guadalajara alone experiencing a 18.7% rise in domestic passengers. International traffic also rose by 17.1%, led by Montego Bay and Kingston, which reported 27.4% and 38.1% increases, respectively. Despite a 17.3% increase in available seats, the load factor slightly decreased to 79.7%.

Positive

• 14.2% increase in total terminal passenger traffic in March 2023 compared to March 2022.
• Guadalajara airport saw an 18.7% increase in domestic passenger traffic.
• International passenger traffic rose by 17.1% for the same period.
• Montego Bay and Kingston reported increases of 27.4% and 38.1%, respectively.

Negative

• Load factor decreased from 80.6% in March 2022 to 79.7% in March 2023.

GUADALAJARA, Mexico, April 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 March 2023, compared with the same period of 2022.

For March 2023, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 14.2%, compared to the same period in 2022. Guadalajara, Los Cabos, Puerto Vallarta, and Tijuana presented an increase in passenger traffic of 19.1%, 15.4%, 14.6%, and 8.0% respectively, compared to March 2022. On the other hand, Montego Bay increased by 27.4% and Kingston by 38.1%, compared to 2022.

	Domestic Terminal Passengers (in thousands):
	Airport	Mar-22	Mar-23	% Change	Jan - Mar 22	Jan - Mar 23	% Change
	Guadalajara	887.6	1,054.0	18.7%	2,360.4	2,958.8	25.4%
	Tijuana*	665.6	716.7	7.7%	1,820.9	2,066.4	13.5%
	Los Cabos	185.3	236.5	27.6%	512.8	670.6	30.8%
	Puerto Vallarta	191.9	230.0	19.9%	498.8	639.7	28.2%
	Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
	Guanajuato	139.1	175.6	26.2%	382.3	507.3	32.7%
	Hermosillo	150.5	174.5	16.0%	383.2	474.0	23.7%
	Kingston	0.1	0.1	46.6%	0.2	0.2	11.2%
	Mexicali	101.9	120.7	18.4%	290.2	346.6	19.4%
	Morelia	49.6	63.7	28.5%	147.6	186.8	26.6%
	La Paz	91.2	79.9	(12.3%)	238.2	226.6	(4.9%)
	Aguascalientes	61.4	51.4	(16.3%)	158.0	150.6	(4.6%)
	Los Mochis	35.5	32.2	(9.3%)	96.1	94.3	(1.8%)
	Manzanillo	8.4	9.4	12.0%	24.0	27.1	12.9%
	Total	2,568.1	2,944.7	14.7%	6,912.7	8,348.9	20.8%
	International Terminal Passengers (in thousands):
	Airport	Mar-22	Mar-23	% Change	Jan - Mar 22	Jan - Mar 23	% Change
	Guadalajara	331.8	397.9	19.9%	969.9	1,216.1	25.4%
	Tijuana*	320.2	348.5	8.8%	923.2	1,047.6	13.5%
	Los Cabos	463.9	512.4	10.5%	1,124.8	1,381.2	22.8%
	Puerto Vallarta	433.0	486.1	12.3%	1,061.0	1,378.1	29.9%
	Montego Bay	385.8	491.3	27.4%	928.1	1,351.0	45.6%
	Guanajuato	58.2	69.8	20.0%	175.5	207.4	18.2%
	Hermosillo	6.4	6.8	6.4%	18.6	19.1	2.5%
	Kingston	98.5	136.0	38.1%	268.3	394.1	46.9%
	Mexicali	0.5	0.6	23.7%	1.2	1.5	29.2%
	Morelia	37.3	49.4	32.4%	116.3	151.5	30.3%
	La Paz	2.8	1.4	(48.5%)	7.5	3.7	(50.7%)
	Aguascalientes	14.7	20.2	37.6%	47.1	60.2	27.7%
	Los Mochis	0.6	0.6	(2.6%)	1.7	1.8	1.2%
	Manzanillo	8.7	11.0	26.4%	25.6	30.8	20.0%
	Total	2,162.3	2,532.1	17.1%	5,668.9	7,244.1	27.8%
	Total Terminal Passengers (in thousands):
	Airport	Mar-22	Mar-23	% Change	Jan - Mar 22	Jan - Mar 23	% Change
	Guadalajara	1,219.4	1,451.9	19.1%	3,330.3	4,174.9	25.4%
	Tijuana*	985.9	1,065.2	8.0%	2,744.1	3,114.0	13.5%
	Los Cabos	649.2	748.9	15.4%	1,637.6	2,051.8	25.3%
	Puerto Vallarta	624.8	716.1	14.6%	1,559.8	2,017.8	29.4%
	Montego Bay	385.8	491.3	27.4%	928.1	1,351.0	45.6%
	Guanajuato	197.3	245.4	24.4%	557.9	714.7	28.1%
	Hermosillo	156.9	181.3	15.6%	401.8	493.1	22.7%
	Kingston	98.5	136.0	38.1%	268.4	394.3	46.9%
	Mexicali	102.5	121.3	18.4%	291.4	348.1	19.5%
	Morelia	86.9	113.1	30.2%	263.9	338.3	28.2%
	La Paz	94.0	81.4	(13.4%)	245.6	230.3	(6.3%)
	Aguascalientes	76.1	71.6	(5.9%)	205.1	210.8	2.8%
	Los Mochis	36.2	32.9	(9.2%)	97.8	96.1	(1.8%)
	Manzanillo	17.1	20.4	19.3%	49.6	57.9	16.6%
	Total	4,730.4	5,476.9	15.8%	12,581.5	15,593.0	23.9%
	*Passengers in Tijuana who use CBX in both directions are classified as international.
	CBX users (in thousands):
	Airport	Mar-22	Mar-23	% Change	Jan - Mar 22	Jan - Mar 23	% Change
	Tijuana	317.7	345.3	8.7%	917.4	1,039.4	13.3%

Highlights for the month:

• Seats and load factors: The number of seats available during March 2023 increased by 17.3%, compared to March 2022; load factors for the month went from 80.6% in March 2022 to 79.7% in March 2023.

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 June 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.

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

What was the passenger traffic growth for Grupo Aeroportuario del Pacífico (PAC) in March 2023?

Grupo Aeroportuario del Pacífico reported a 14.2% increase in total terminal passenger traffic in March 2023 compared to March 2022.

Which airport experienced the highest passenger traffic increase among PAC’s airports in March 2023?

Guadalajara airport experienced the highest increase in domestic passengers at 18.7%.

How did international passenger traffic for PAC change in March 2023?

International passenger traffic for Grupo Aeroportuario del Pacífico increased by 17.1% in March 2023 compared to the same month in 2022.

What was the load factor for PAC in March 2023?

The load factor for Grupo Aeroportuario del Pacífico in March 2023 was 79.7%, slightly down from 80.6% in March 2022.

What percentage increase did Montego Bay and Kingston airports see in March 2023?

Montego Bay airport saw a 27.4% increase, while Kingston airport recorded a 38.1% increase in passenger traffic in March 2023.