Grupo Aeroportuario del Pacifico Reports in November 2021 a Passenger Traffic Increase of 0.1% Compared to 2019 (Increase of 52.6% Compared to 2020)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a 3.7% increase in terminal passenger traffic for November 2021 compared to November 2019, despite a 6.7% decline at Guadalajara airport. Key airports, Tijuana, Los Cabos, and Puerto Vallarta, saw significant traffic growth of 19.2%, 16.2%, and 7.8%, respectively. Year-to-date traffic figures for January-November 2021 showed an overall decrease of 8.9% against 2019 numbers. The company experienced a 25.1% rise in available seats and a load factor improvement to 78.9%. New routes were added to bolster connectivity.

Positive

• 3.7% increase in total terminal passenger traffic compared to November 2019.
• Significant growth in passenger traffic at Tijuana (19.2%), Los Cabos (16.2%), and Puerto Vallarta (7.8%).
• 25.1% increase in available seats compared to November 2020.
• Improved load factor from 66.3% (Nov 2020) to 78.9% (Nov 2021).

Negative

• 6.7% decline in passenger traffic at Guadalajara airport compared to November 2019.
• Overall year-to-date passenger traffic down 8.9% compared to 2019.

GUADALAJARA, Mexico, Dec. 06, 2021 (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 November 2021, which includes comparisons with the 2019 and 2020 figures to facilitate the reading and understanding of the passenger traffic trend.

For November 2021, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 3.7%, compared to the same period of 2019. Tijuana, Los Cabos and Puerto Vallarta airports presented an increase in passenger traffic of 19.2%, 16.2% and 7.8%, respectively, while the Guadalajara airport presented a decrease of 6.7%.

In relation to international travel restrictions, on November 26^th, the United States Government announced that, beginning on December 6^th, it will request all travelers to present a negative COVID-19 contagion test, taken no more than 24 hours prior their flight departure.

Passenger traffic 2021 compared to 2019 figures
Domestic Terminal Passengers – 14 airports (in thousands):
Airport	Nov-19	Nov-21	% Change		Jan - Nov 19	Jan - Nov 21	% Change
Guadalajara	904.0	826.5	(8.6	%)	9,584.2	7,638.9	(20.3	%)
Tijuana*	494.8	598.0	20.9	%	5,460.7	6,247.8	14.4	%
Los Cabos	152.0	188.0	23.7	%	1,754.2	1,822.6	3.9	%
Puerto Vallarta	152.1	182.6	20.0	%	1,673.1	1,649.3	(1.4	%)
Montego Bay	0.7	0.0	(100.0	%)	8.4	0.0	(100.0	%)
Guanajuato	172.5	126.6	(26.6	%)	1,874.5	1,340.9	(28.5	%)
Hermosillo	159.5	149.5	(6.3	%)	1,644.2	1,301.9	(20.8	%)
Mexicali	105.1	104.2	(0.8	%)	1,081.5	970.8	(10.2	%)
Morelia	43.7	46.8	7.0	%	426.9	484.0	13.4	%
La Paz	82.7	87.9	6.3	%	906.7	808.3	(10.9	%)
Kingston	1.0	0.1	(86.7	%)	1.7	1.1	(34.0	%)
Aguascalientes	58.2	58.8	1.0	%	578.2	516.0	(10.8	%)
Los Mochis	34.2	35.9	4.8	%	350.6	319.1	(9.0	%)
Manzanillo	8.9	8.8	(1.2	%)	86.7	76.8	(11.4	%)
Total	2,369.2	2,413.7	1.9	%	25,431.5	23,177.6	(8.9	%)
International Terminal Passengers – 14 airports (in thousands):
Airport	Nov-19	Nov-21	% Change		Jan - Nov 19	Jan - Nov 21	% Change
Guadalajara	343.7	338.2	(1.6	%)	3,923.0	3,328.1	(15.2	%)
Tijuana*	255.9	296.8	16.0	%	2,612.7	2,416.4	(7.5	%)
Los Cabos	321.1	361.6	12.6	%	3,331.7	3,144.9	(5.6	%)
Puerto Vallarta	282.7	286.2	1.2	%	2,859.0	1,934.2	(32.3	%)
Montego Bay	347.6	270.7	(22.1	%)	4,249.9	2,240.4	(47.3	%)
Guanajuato	52.8	59.3	12.3	%	629.4	562.4	(10.7	%)
Hermosillo	5.8	7.4	26.3	%	63.4	94.5	49.0	%
Mexicali	0.7	0.6	(15.7	%)	6.2	4.9	(21.8	%)
Morelia	31.4	35.2	12.0	%	376.2	363.6	(3.3	%)
La Paz	1.4	1.7	15.1	%	11.9	16.5	39.3	%
Kingston	132.2	77.9	(41.1	%)	232.8	720.7	209.5	%
Aguascalientes	19.0	19.1	0.6	%	201.2	189.0	(6.1	%)
Los Mochis	0.5	0.7	32.0	%	6.4	8.7	35.8	%
Manzanillo	6.4	5.7	(10.4	%)	69.2	38.3	(44.6	%)
Total	1,801.3	1,761.0	(2.2	%)	18,573.1	15,062.5	(18.9	%)
*Passengers in Tijuana who use CBX in both directions are classified as international.
Total Terminal Passengers – 14 airports (in thousands):
Airport	Nov-19	Nov-21	% Change		Jan - Nov 19	Jan - Nov 21	% Change
Guadalajara	1,247.7	1,164.7	(6.7	%)	13,507.2	10,967.0	(18.8	%)
Tijuana*	750.7	894.9	19.2	%	8,073.4	8,664.1	7.3	%
Los Cabos	473.1	549.5	16.2	%	5,085.9	4,967.5	(2.3	%)
Puerto Vallarta	434.8	468.8	7.8	%	4,532.1	3,583.5	(20.9	%)
Montego Bay	348.2	270.7	(22.3	%)	4,258.3	2,240.4	(47.4	%)
Guanajuato	225.2	185.9	(17.5	%)	2,504.0	1,903.3	(24.0	%)
Hermosillo	165.4	156.9	(5.1	%)	1,707.6	1,396.4	(18.2	%)
Mexicali	105.7	104.8	(0.9	%)	1,087.7	975.7	(10.3	%)
Morelia	75.1	82.0	9.1	%	803.1	847.6	5.5	%
La Paz	84.1	89.6	6.5	%	918.5	824.8	(10.2	%)
Kingston	133.2	78.0	(41.4	%)	234.5	721.8	207.8	%
Aguascalientes	77.2	77.9	0.9	%	779.4	705.0	(9.5	%)
Los Mochis	34.7	36.5	5.2	%	357.0	327.8	(8.2	%)
Manzanillo	15.3	14.5	(5.1	%)	155.8	115.1	(26.1	%)
Total	4,170.5	4,174.7	0.1	%	44,004.6	38,240.1	(13.1	%)
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX Users (in thousands):
Airport	Nov-19	Nov-21	% Change		Jan - Nov 19	Jan - Nov 21	% Change
Tijuana	251.6	294.2	16.9	%	2,569.5	2,386.7	(7.1	%)

 

The Company took control of the Kingston airport on October 10, 2019, therefore there are no comparative figures from January to October 9, 2019.

Passenger traffic 2021 compared to 2020 figures
Domestic Terminal Passengers – 14 airports (in thousands):
Airport	Nov-20	Nov-21	% Change		Jan - Nov 20	Jan - Nov 21	% Change
Guadalajara	591.0	826.5	39.8	%	5,138.1	7,638.9	48.7	%
Tijuana*	503.7	598.0	18.7	%	4,080.4	6,247.8	53.1	%
Los Cabos	146.2	188.0	28.6	%	1,067.6	1,822.6	70.7	%
Puerto Vallarta	108.3	182.6	68.6	%	838.7	1,649.3	96.6	%
Montego Bay	0.0	0.0	N/A		1.0	0.0	(100.0	%)
Guanajuato	110.8	126.6	14.3	%	937.9	1,340.9	43.0	%
Hermosillo	94.8	149.5	57.7	%	842.3	1,301.9	54.6	%
Mexicali	72.5	104.2	43.7	%	611.5	970.8	58.8	%
Morelia	39.9	46.8	17.3	%	342.0	484.0	41.5	%
La Paz	66.0	87.9	33.2	%	498.4	808.3	62.2	%
Kingston	0.0	0.1	1063.6	%	1.4	1.1	(17.6	%)
Aguascalientes	37.2	58.8	58.3	%	317.1	516.0	62.7	%
Los Mochis	23.7	35.9	51.3	%	182.2	319.1	75.1	%
Manzanillo	5.0	8.8	76.6	%	43.6	76.8	76.2	%
Total	1,799.0	2,413.7	34.2	%	14,902.1	23,177.6	55.5	%
International Terminal Passengers – 14 airports (in thousands):
Airport	Nov-20	Nov-21	% Change		Jan - Nov 20	Jan - Nov 21	% Change
Guadalajara	220.5	338.2	53.4	%	2,071.1	3,328.1	60.7	%
Tijuana*	177.6	296.8	67.2	%	1,545.4	2,416.4	56.4	%
Los Cabos	206.6	361.6	75.0	%	1,650.5	3,144.9	90.5	%
Puerto Vallarta	124.5	286.2	129.9	%	1,449.5	1,934.2	33.4	%
Montego Bay	87.8	270.7	208.2	%	1,487.6	2,240.4	50.6	%
Guanajuato	32.4	59.3	83.2	%	294.7	562.4	90.8	%
Hermosillo	5.1	7.4	44.5	%	38.1	94.5	148.0	%
Mexicali	0.2	0.6	145.4	%	2.0	4.9	140.2	%
Morelia	27.3	35.2	28.8	%	212.4	363.6	71.2	%
La Paz	0.5	1.7	204.6	%	5.7	16.5	189.4	%
Kingston	39.4	77.9	97.5	%	570.5	720.7	26.3	%
Aguascalientes	12.9	19.1	48.4	%	102.1	189.0	85.1	%
Los Mochis	0.3	0.7	166.1	%	2.1	8.7	312.8	%
Manzanillo	1.4	5.7	315.6	%	35.4	38.3	8.3	%
Total	936.5	1,761.0	88.0	%	9,467.0	15,062.5	59.1	%
*Passengers in Tijuana who use CBX in both directions are classified as international.
Total Terminal Passengers – 14 airports (in thousands):
Airport	Nov-20	Nov-21	% Change		Jan - Nov 20	Jan - Nov 21	% Change
Guadalajara	811.5	1,164.7	43.5	%	7,209.2	10,967.0	52.1	%
Tijuana*	681.3	894.9	31.3	%	5,625.8	8,664.1	54.0	%
Los Cabos	352.8	549.5	55.8	%	2,718.1	4,967.5	82.8	%
Puerto Vallarta	232.8	468.8	101.4	%	2,288.2	3,583.5	56.6	%
Montego Bay	87.8	270.7	208.2	%	1,488.5	2,240.4	50.5	%
Guanajuato	143.1	185.9	29.9	%	1,232.6	1,903.3	54.4	%
Hermosillo	99.9	156.9	57.1	%	880.4	1,396.4	58.6	%
Mexicali	72.8	104.8	44.0	%	613.5	975.7	59.0	%
Morelia	67.2	82.0	21.9	%	554.4	847.6	52.9	%
La Paz	66.5	89.6	34.6	%	504.1	824.8	63.6	%
Kingston	39.5	78.0	97.7	%	571.8	721.8	26.2	%
Aguascalientes	50.0	77.9	55.8	%	419.3	705.0	68.2	%
Los Mochis	24.0	36.5	52.6	%	184.3	327.8	77.9	%
Manzanillo	6.3	14.5	128.5	%	78.9	115.1	45.8	%
Total	2,735.5	4,174.7	52.6	%	24,369.1	38,240.1	56.9	%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX Users (in thousands):
Airport	Nov-20	Nov-21	% Change		Jan - Nov 20	Jan - Nov 21	% Change
Tijuana	176.3	294.2	66.9	%	1,533.9	2,386.7	55.6	%

Highlights for the period:

• Seats and load factors: The number of seats available during November 2021 increased by 25.1% compared to November 2020; load factors for the month went from 66.3% in November 2020 to 78.9% in November 2021.
  
  
• New routes:
  

• Puerto Vallarta – Toronto: Swoop
  
  
• Puerto Vallarta – Austin: American Airlines
• Kingston – Philadelphia: American Airlines
• Montego Bay – Atlanta: Frontier
• Montego Bay – Orlando: Frontier
• Montego Bay – Frankfurt: EW Discover
• Montego Bay – Manchester: Virgin Atlantic
  

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, IR and Corporate Finance Director	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294

FAQ

What is the passenger traffic trend for Grupo Aeroportuario del Pacífico (PAC) in November 2021?

In November 2021, PAC saw a 3.7% increase in total terminal passenger traffic compared to November 2019.

How did Guadalajara airport perform in November 2021 compared to previous years?

Guadalajara airport experienced a 6.7% decline in passenger traffic compared to November 2019.

What is the load factor for PAC in November 2021?

The load factor for PAC improved to 78.9% in November 2021, up from 66.3% in November 2020.

Which airports contributed to the passenger traffic growth for PAC in November 2021?

Tijuana, Los Cabos, and Puerto Vallarta contributed significantly with increases of 19.2%, 16.2%, and 7.8%, respectively.

What are the traffic figures for PAC in the first 11 months of 2021?

Year-to-date passenger traffic for PAC is down 8.9% compared to 2019 figures.