Grupo Aeroportuario del Pacifico Reports in May 2022 a Passenger Traffic Increase of 15.3% Compared to 2019 (Increase of 23.2% Compared to 2021)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a 13.7% increase in total terminal passenger traffic for May 2022 compared to May 2019. Key airports, including Puerto Vallarta and Tijuana, saw rises of 35.0% and 32.6% respectively. Year-to-date figures also improved, with total traffic up 11.8% year-on-year. Notably, the load factor increased from 77.1%% in May 2021 to 81.9%% in May 2022, indicating higher operational efficiency. New routes have been added, reflecting ongoing expansion in services.

Positive

• Terminal passenger traffic up 13.7% YoY compared to May 2019.
• Significant increases in passenger traffic at key airports: Puerto Vallarta (+35.0%), Tijuana (+32.6%).
• Total year-to-date passenger traffic up 11.8% compared to 2021.
• Load factor increased from 77.1% to 81.9% between May 2021 and May 2022.
• New routes introduced, enhancing operational capacity and service offerings.

Negative

• Montego Bay airport showed a slight decrease of 0.1% in passenger traffic compared to May 2019.
• Guanajuato airport saw a passenger traffic decrease of 24.5% compared to May 2019.

GUADALAJARA, Mexico, June 03, 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 May 2022, which includes comparisons with the 2019 and 2021 figures to facilitate the reading and understanding of the passenger traffic trend.

For May 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 13.7%, compared to the same period of 2019. Puerto Vallarta, Tijuana, Los Cabos and Guadalajara airports presented an increase in passenger traffic of 35.0%, 32.6%, 27.2% and 1.3%, respectively, compared to May 2019. On the other hand, it is important to highlight that the Montego Bay airport presented a passenger traffic decrease of only 0.1% compared to 2019.

Passenger traffic 2022 compared to 2019

Domestic Terminal Passengers (in thousands): 

Airport	May-19	May-22	% Change	Jan-May 19	Jan-May 22	% Change
Guadalajara	922.0	934.0	1.3%	4,205.5	4,181.5	(0.6%)
Tijuana*	528.5	690.5	30.6%	2,397.0	3,183.3	32.8%
Los Cabos	160.8	213.0	32.5%	717.5	939.9	31.0%
Puerto Vallarta	157.8	233.1	47.8%	660.6	959.7	45.3%
Montego Bay	0.9	0.0	(100.0%)	3.5	0.0	(100.0%)
Guanajuato	185.6	140.1	(24.5%)	818.0	659.2	(19.4%)
Hermosillo	164.9	163.0	(1.2%)	705.8	703.5	(0.3%)
Kingston	0.0	0.0	N/A	0.0	0.4	N/A
Mexicali	106.3	96.0	(9.7%)	473.5	488.2	3.1%
Morelia	39.2	56.2	43.5%	185.8	259.7	39.8%
La Paz	84.0	90.7	8.0%	379.4	422.7	11.4%
Aguascalientes	59.5	66.5	11.7%	257.7	293.1	13.7%
Los Mochis	33.8	36.7	8.7%	155.4	169.2	8.9%
Manzanillo	8.8	8.5	(3.4%)	41.0	40.3	(1.8%)
Total	2,452.0	2,728.3	11.3%	11,000.7	12,300.6	11.8%

International Terminal Passengers (in thousands): 

Airport	May-19	May-22	% Change	Jan-May 19	Jan-May 22	% Change
Guadalajara	368.3	372.8	1.2%	1,696.0	1,688.1	(0.5%)
Tijuana*	237.1	324.4	36.8%	1,133.9	1,585.2	39.8%
Los Cabos	299.9	372.9	24.3%	1,702.0	1,912.2	12.4%
Puerto Vallarta	204.5	255.9	25.2%	1,771.2	1,661.0	(6.2%)
Montego Bay	365.1	365.6	0.1%	2,125.2	1,695.9	(20.2%)
Guanajuato	56.3	59.3	5.2%	285.3	291.6	2.2%
Hermosillo	5.6	7.2	28.7%	28.2	31.8	12.7%
Kingston	0.0	115.2	N/A	0.0	499.9	N/A
Mexicali	0.6	0.5	(16.4%)	2.6	2.2	(16.1%)
Morelia	34.7	40.3	16.1%	169.6	194.0	14.4%
La Paz	1.1	1.5	40.0%	5.7	11.3	98.9%
Aguascalientes	18.2	19.1	4.6%	79.6	84.9	6.6%
Los Mochis	0.6	0.7	23.0%	2.8	3.1	10.2%
Manzanillo	3.6	4.5	26.8%	49.0	36.8	(24.8%)
Total	1,595.5	1,939.9	21.6%	9,051.1	9,698.0	7.1%

Total Terminal Passengers (in thousands): 

Airport	May-19	May-22	% Change	Jan-May 19	Jan-May 22	% Change
Guadalajara	1,290.2	1,306.8	1.3%	5,901.5	5,869.6	(0.5%)
Tijuana*	765.6	1,014.9	32.6%	3,530.8	4,768.5	35.1%
Los Cabos	460.8	585.9	27.2%	2,419.5	2,852.1	17.9%
Puerto Vallarta	362.2	489.0	35.0%	2,431.8	2,620.7	7.8%
Montego Bay	365.9	365.6	(0.1%)	2,128.7	1,695.9	(20.3%)
Guanajuato	241.9	199.4	(17.6%)	1,103.3	950.8	(13.8%)
Hermosillo	170.5	170.2	(0.2%)	734.1	735.3	0.2%
Kingston	0.0	115.3	N/A	0.0	500.3	N/A
Mexicali	107.0	96.5	(9.7%)	476.1	490.4	3.0%
Morelia	73.9	96.6	30.6%	355.4	453.7	27.7%
La Paz	85.1	92.2	8.4%	385.1	434.1	12.7%
Aguascalientes	77.7	85.5	10.0%	337.4	377.9	12.0%
Los Mochis	34.3	37.4	8.9%	158.2	172.3	8.9%
Manzanillo	12.3	13.0	5.3%	90.0	77.1	(14.3%)
Total	4,047.5	4,668.1	15.3%	20,051.8	21,998.6	9.7%

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

CBX users (in thousands): 

Airport	May-19	May-22	% Change	Jan-May 19	Jan-May 22	% Change
Tijuana	232.9	321.8	38.1%	1,115.0	1,574.2	41.2%

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	May-21	May-22	% Change	Jan-May 21	Jan-May 22	% Change
Guadalajara	757.2	934.0	23.3%	3,023.3	4,181.5	38.3%
Tijuana*	622.8	690.5	10.9%	2,619.2	3,183.3	21.5%
Los Cabos	178.3	213.0	19.5%	712.7	939.9	31.9%
Puerto Vallarta	153.9	233.1	51.5%	595.0	959.7	61.3%
Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
Guanajuato	137.7	140.1	1.8%	548.6	659.2	20.2%
Hermosillo	122.1	163.0	33.5%	496.3	703.5	41.7%
Kingston	0.0	0.0	5.1%	0.2	0.4	130.3%
Mexicali	92.0	96.0	4.4%	369.0	488.2	32.3%
Morelia	52.0	56.2	8.1%	205.8	259.7	26.2%
La Paz	78.7	90.7	15.2%	319.8	422.7	32.2%
Aguascalientes	51.8	66.5	28.4%	193.9	293.1	51.1%
Los Mochis	31.9	36.7	15.0%	133.5	169.2	26.8%
Manzanillo	7.7	8.5	9.7%	32.2	40.3	24.9%
Total	2,286.1	2,728.3	19.3%	9,249.6	12,300.6	33.0%

International Terminal Passengers (in thousands): 

Airport	May-21	May-22	% Change	Jan-May 21	Jan-May 22	% Change
Guadalajara	336.6	372.8	10.7%	1,183.8	1,688.1	42.6%
Tijuana*	252.1	324.4	28.7%	889.9	1,585.2	78.1%
Los Cabos	324.5	372.9	14.9%	1,135.0	1,912.2	68.5%
Puerto Vallarta	185.5	255.9	37.9%	706.3	1,661.0	135.2%
Montego Bay	214.9	365.6	70.1%	677.2	1,695.9	150.4%
Guanajuato	57.9	59.3	2.4%	179.0	291.6	62.9%
Hermosillo	8.3	7.2	(13.4%)	35.6	31.8	(10.6%)
Kingston	59.4	115.2	94.0%	219.7	499.9	127.5%
Mexicali	0.4	0.5	38.9%	1.3	2.2	65.2%
Morelia	36.5	40.3	10.5%	138.2	194.0	40.4%
La Paz	1.1	1.5	40.6%	6.0	11.3	89.1%
Aguascalientes	19.5	19.1	(2.3%)	68.4	84.9	24.0%
Los Mochis	0.7	0.7	(3.9%)	3.1	3.1	(0.4%)
Manzanillo	4.2	4.5	6.4%	17.1	36.8	115.2%
Total	1,501.6	1,939.9	29.2%	5,260.7	9,698.0	84.3%

Total Terminal Passengers (in thousands): 

Airport	May-21	May-22	% Change	Jan-May 21	Jan-May 22	% Change
Guadalajara	1,093.9	1,306.8	19.5%	4,207.1	5,869.6	39.5%
Tijuana*	874.9	1,014.9	16.0%	3,509.2	4,768.5	35.9%
Los Cabos	502.8	585.9	16.5%	1,847.7	2,852.1	54.4%
Puerto Vallarta	339.4	489.0	44.1%	1,301.3	2,620.7	101.4%
Montego Bay	214.9	365.6	70.1%	677.2	1,695.9	150.4%
Guanajuato	195.5	199.4	2.0%	727.6	950.8	30.7%
Hermosillo	130.4	170.2	30.5%	531.9	735.3	38.2%
Kingston	59.4	115.3	94.0%	219.9	500.3	127.5%
Mexicali	92.4	96.5	4.5%	370.4	490.4	32.4%
Morelia	88.5	96.6	9.1%	343.9	453.7	31.9%
La Paz	79.8	92.2	15.5%	325.8	434.1	33.2%
Aguascalientes	71.3	85.5	20.0%	262.3	377.9	44.1%
Los Mochis	32.6	37.4	14.6%	136.6	172.3	26.2%
Manzanillo	12.0	13.0	8.6%	49.4	77.1	56.2%
Total	3,787.7	4,668.1	23.2%	14,510.3	21,998.6	51.6%

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

CBX users (in thousands): 

Airport	May-21	May-22	% Change	Jan-May 21	Jan-May 22	% Change
Tijuana	250.0	321.8	28.7%	882.5	1,574.2	78.4%

Highlights for the month:

• Seats and load factors: The number of seats available during May 2022 increased by 24.3%, compared to May 2021; load factors for the month went from 77.1% in May 2021 to 81.9% in May 2022.
  
• New routes:
  
  • Guadalajara – Las Vegas: Frontier
    
  • Puerto Vallarta – Santa Lucia (Mexico City): Aeromexico
  • Montego Bay – Philadelphia: Spirit
  • Kingston – Miami: Frontier

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, CFO	svillarreal@aeropuertosgap.com.mx
Alejandra Soto, IRO & Corporate Finance Director	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext. 20294

FAQ

What were the passenger traffic figures for Grupo Aeroportuario del Pacífico (PAC) in May 2022?

In May 2022, Grupo Aeroportuario del Pacífico reported a 13.7% increase in total passenger traffic compared to May 2019.

Which airports contributed to the growth in passenger traffic for PAC in May 2022?

Puerto Vallarta, Tijuana, Los Cabos, and Guadalajara airports reported significant increases in passenger traffic, with Puerto Vallarta seeing a growth of 35.0%.

How did the load factor change for PAC from May 2021 to May 2022?

The load factor for Grupo Aeroportuario del Pacífico increased from 77.1%% in May 2021 to 81.9%% in May 2022.

What are the new routes announced by Grupo Aeroportuario del Pacífico in May 2022?

New routes announced include Guadalajara to Las Vegas, Puerto Vallarta to Santa Lucia, Montego Bay to Philadelphia, and Kingston to Miami.

What was the increase in total terminal passengers for PAC from January to May 2022?

Total terminal passengers for Grupo Aeroportuario del Pacífico increased by 11.8% year-on-year from January to May 2022.