Grupo Aeroportuario del Pacifico Reports in September 2021 a Passenger Traffic Increase of 1.2% Compared to 2019 (Increase of 64.1% Compared to 2020)

Rhea-AI Summary

In September 2021, Grupo Aeroportuario del Pacífico (PAC) reported a 1.0% increase in terminal passenger traffic across its 12 airports in Mexico compared to September 2019. Notable increases were observed at Los Cabos (30.3%), Tijuana (11.9%), and Puerto Vallarta (7.5%). Guadalajara's airport saw a decrease of 10.1%. Year-to-date figures reflected an 11.1% overall decline in passenger traffic versus 2019. Domestic passenger traffic rose by 46.9% compared to September 2020. The company has expanded available seats by 38.2% from the previous year, resulting in a load factor increase to 73.7%. New routes were also introduced.

Positive

• 1.0% increase in terminal passenger traffic compared to September 2019.
• Significant growth in passenger traffic at Los Cabos (30.3%), Tijuana (11.9%), and Puerto Vallarta (7.5%).
• 46.9% increase in domestic terminal passengers compared to September 2020.
• 38.2% increase in available seats compared to September 2020.
• Load factor increased to 73.7% in September 2021.

Negative

• 10.1% decrease in passenger traffic at Guadalajara airport compared to September 2019.
• Overall passenger traffic down 11.1% for year-to-date versus 2019.

GUADALAJARA, Mexico, Oct. 05, 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 September 2021, which includes comparisons with the 2019 and 2020 figures to facilitate the reading and understanding of the passenger traffic trend.

For September 2021, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 1.0%, compared to the same period of 2019. Los Cabos, Tijuana and Puerto Vallarta airports presented an increase in passenger traffic of 30.3%, 11.9% and 7.5%, respectively, while the Guadalajara airport presented a decrease of only 10.1%, which demonstrates a positive trend in our main airports in Mexico.

In relation to international travel restrictions, the United States requests that travelers must present a negative COVID-19 test for entry into that country; while, starting on September 7, Canada reopened non-essential flights, requesting among other conditions, to be fully vaccinated and a negative PCR test for COVID-19.

Passenger traffic 2021 compared to 2019 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	Sep-19	Sep-21	% Change		Jan - Sep 19	Jan - Sep 21	% Change
Guadalajara	836.3	720.2	(13.9	%)	7,765.8	5,998.2	(22.8	%)
Tijuana*	490.9	581.9	18.5	%	4,451.1	5,021.2	12.8	%
Los Cabos	143.6	171.4	19.4	%	1,447.7	1,445.4	(0.2	%)
Puerto Vallarta	144.3	142.8	(1.0	%)	1,371.2	1,294.2	(5.6	%)
Montego Bay	0.8	0.0	(100.0	%)	6.9	0.0	(100.0	%)
Guanajuato	166.9	122.6	(26.6	%)	1,522.3	1,082.7	(28.9	%)
Hermosillo	141.7	126.5	(10.8	%)	1,315.7	1,008.3	(23.4	%)
Mexicali	90.2	93.3	3.4	%	871.1	764.1	(12.3	%)
Morelia	36.6	40.1	9.4	%	342.8	394.1	15.0	%
La Paz	72.2	70.5	(2.3	%)	740.4	635.1	(14.2	%)
Kingston	0.0	0.2	N/A		0.0	1.0	N/A
Aguascalientes	50.7	48.2	(5.0	%)	465.6	404.7	(13.1	%)
Los Mochis	28.7	27.0	(6.0	%)	282.8	252.0	(10.9	%)
Manzanillo	6.1	5.4	(11.5	%)	70.5	61.0	(13.4	%)
Total	2,209.1	2,150.1	(2.7	%)	20,653.8	18,362.1	(11.1	%)

International Terminal Passengers – 14 airports (in thousands):

Airport	Sep-19	Sep-21	% Change		Jan - Sep 19	Jan - Sep 21	% Change
Guadalajara	317.8	317.4	(0.1	%)	3,234.5	2,643.2	(18.3	%)
Tijuana*	204.4	196.0	(4.1	%)	2,136.1	1,901.1	(11.0	%)
Los Cabos	168.7	235.5	39.6	%	2,764.7	2,462.1	(10.9	%)
Puerto Vallarta	96.9	116.5	20.3	%	2,418.2	1,457.9	(39.7	%)
Montego Bay	256.1	191.0	(25.4	%)	3,615.3	1,760.6	(51.3	%)
Guanajuato	47.5	51.3	7.8	%	528.2	447.3	(15.3	%)
Hermosillo	5.3	9.3	75.5	%	51.7	76.6	48.2	%
Mexicali	0.6	0.6	(11.0	%)	5.1	3.6	(28.7	%)
Morelia	28.5	33.6	17.8	%	312.9	292.9	(6.4	%)
La Paz	0.8	1.0	16.9	%	9.4	13.7	45.8	%
Kingston	0.0	74.7	N/A		0.0	566.8	N/A
Aguascalientes	18.7	17.5	(6.2	%)	164.4	152.0	(7.5	%)
Los Mochis	0.6	0.9	56.5	%	5.4	7.1	30.7	%
Manzanillo	1.9	1.6	(16.0	%)	60.8	29.7	(51.1	%)
Total	1,147.9	1,246.9	8.6	%	15,306.5	11,814.5	(22.8	%)

Total Terminal Passengers – 14 airports (in thousands):

Airport	Sep-19	Sep-21	% Change		Jan - Sep 19	Jan - Sep 21	% Change
Guadalajara	1,154.1	1,037.6	(10.1	%)	11,000.3	8,641.5	(21.4	%)
Tijuana*	695.4	778.0	11.9	%	6,587.2	6,922.3	5.1	%
Los Cabos	312.3	406.9	30.3	%	4,212.4	3,907.5	(7.2	%)
Puerto Vallarta	241.2	259.4	7.5	%	3,789.4	2,752.1	(27.4	%)
Montego Bay	256.9	191.0	(25.7	%)	3,622.2	1,760.6	(51.4	%)
Guanajuato	214.4	173.8	(18.9	%)	2,050.5	1,530.0	(25.4	%)
Hermosillo	147.0	135.8	(7.7	%)	1,367.4	1,084.9	(20.7	%)
Mexicali	90.9	93.9	3.3	%	876.2	767.8	(12.4	%)
Morelia	65.2	73.7	13.0	%	655.7	687.0	4.8	%
La Paz	73.0	71.5	(2.1	%)	749.8	648.8	(13.5	%)
Kingston	0.0	74.9	N/A		0.0	567.7	N/A
Aguascalientes	69.4	65.7	(5.3	%)	630.0	556.7	(11.6	%)
Los Mochis	29.3	27.9	(4.7	%)	288.2	259.1	(10.1	%)
Manzanillo	8.0	7.0	(12.5	%)	131.2	90.7	(30.9	%)
Total	3,357.1	3,397.0	1.2	%	35,960.3	30,176.6	(16.1	%)

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

CBX Users (in thousands):

Airport	Sep-19	Sep-21	% Change		Jan - Sep 19	Jan - Sep 21	% Change
Tijuana	200.8	191.6	(4.6	%)	2,100.9	1,878.2	(10.6	%)

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

Passenger traffic 2021 compared to 2020 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	Sep-20	Sep-21	% Change		Jan - Sep 20	Jan - Sep 21	% Change
Guadalajara	489.0	720.2	47.3	%	3,990.3	5,998.2	50.3	%
Tijuana*	418.2	581.9	39.2	%	3,091.3	5,021.2	62.4	%
Los Cabos	115.1	171.4	48.9	%	784.6	1,445.4	84.2	%
Puerto Vallarta	85.2	142.8	67.6	%	632.5	1,294.2	104.6	%
Montego Bay	0.0	0.0	0.0	%	1.0	0.0	(100.0	%)
Guanajuato	93.6	122.6	30.9	%	722.0	1,082.7	50.0	%
Hermosillo	80.8	126.5	56.5	%	649.1	1,008.3	55.4	%
Mexicali	54.6	93.3	70.8	%	475.5	764.1	60.7	%
Morelia	29.7	40.1	35.0	%	269.2	394.1	46.4	%
La Paz	45.2	70.5	56.1	%	374.1	635.1	69.7	%
Kingston	0.0	0.2	425.8	%	1.3	1.0	(28.1	%)
Aguascalientes	31.2	48.2	54.4	%	245.3	404.7	65.0	%
Los Mochis	17.1	27.0	57.8	%	135.7	252.0	85.8	%
Manzanillo	3.8	5.4	42.2	%	34.3	61.0	78.1	%
Total	1,463.6	2,150.1	46.9	%	11,406.1	18,362.1	61.0	%

International Terminal Passengers – 14 airports (in thousands):

Airport	Sep-20	Sep-21	% Change		Jan - Sep 20	Jan - Sep 21	% Change
Guadalajara	178.8	317.4	77.5	%	1,646.2	2,643.2	60.6	%
Tijuana*	139.8	196.0	40.2	%	1,207.1	1,901.1	57.5	%
Los Cabos	102.0	235.5	130.9	%	1,259.4	2,462.1	95.5	%
Puerto Vallarta	45.2	116.5	158.0	%	1,229.8	1,457.9	18.5	%
Montego Bay	48.0	191.0	298.2	%	1,324.1	1,760.6	33.0	%
Guanajuato	25.6	51.3	100.3	%	233.8	447.3	91.4	%
Hermosillo	3.0	9.3	206.4	%	28.7	76.6	166.5	%
Mexicali	0.2	0.6	218.3	%	1.6	3.6	120.1	%
Morelia	20.4	33.6	65.0	%	162.1	292.9	80.7	%
La Paz	0.2	1.0	309.8	%	4.7	13.7	191.7	%
Kingston	33.4	74.7	123.7	%	494.4	566.8	14.6	%
Aguascalientes	9.3	17.5	89.0	%	77.9	152.0	95.0	%
Los Mochis	0.1	0.9	643.5	%	1.6	7.1	329.7	%
Manzanillo	0.9	1.6	69.1	%	32.6	29.7	(8.9	%)
Total	606.9	1,246.9	105.4	%	7,704.0	11,814.5	53.4	%

Total Terminal Passengers – 14 airports (in thousands):

Airport	Sep-20	Sep-21	% Change		Jan - Sep 20	Jan - Sep 21	% Change
Guadalajara	667.9	1,037.6	55.4	%	5,636.5	8,641.5	53.3	%
Tijuana*	558.0	778.0	39.4	%	4,298.4	6,922.3	61.0	%
Los Cabos	217.0	406.9	87.5	%	2,044.0	3,907.5	91.2	%
Puerto Vallarta	130.4	259.4	98.9	%	1,862.3	2,752.1	47.8	%
Montego Bay	48.0	191.0	298.2	%	1,325.1	1,760.6	32.9	%
Guanajuato	119.2	173.8	45.8	%	955.8	1,530.0	60.1	%
Hermosillo	83.8	135.8	61.9	%	677.8	1,084.9	60.1	%
Mexicali	54.8	93.9	71.3	%	477.1	767.8	60.9	%
Morelia	50.0	73.7	47.2	%	431.3	687.0	59.3	%
La Paz	45.4	71.5	57.4	%	378.8	648.8	71.3	%
Kingston	33.4	74.9	124.0	%	495.7	567.7	14.5	%
Aguascalientes	40.5	65.7	62.3	%	323.2	556.7	72.2	%
Los Mochis	17.2	27.9	62.0	%	137.3	259.1	88.7	%
Manzanillo	4.8	7.0	47.5	%	66.8	90.7	35.7	%
Total	2,070.5	3,397.0	64.1	%	19,110.2	30,176.6	57.9	%

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

CBX Users (in thousands):

Airport	Sep-20	Sep-21	% Change		Jan - Sep 20	Jan - Sep 21	% Change
Tijuana	139.2	191.6	37.7	%	1,198.0	1,878.2	56.8	%

Highlights for the period:

• Seats and load factors: The number of seats available during September 2021 increased by 38.2% compared to September 2020; load factors for the month went from 62.0% in September 2020 to 73.7% in September 2021.
  
  
• New routes:
  

• La Paz – Puerto Vallarta: TAR
  
• La Paz – Culiacán: TAR
• Hermosillo – Puerto Vallarta: TAR
• Hermosillo – Monterrey: TAR

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

FAQ

What was the passenger traffic change for PAC in September 2021?

Grupo Aeroportuario del Pacífico reported a 1.0% increase in terminal passenger traffic compared to September 2019.

Which airports saw the highest traffic increases for PAC in September 2021?

Los Cabos, Tijuana, and Puerto Vallarta experienced increases of 30.3%, 11.9%, and 7.5%, respectively.

What is the current load factor for Grupo Aeroportuario del Pacífico?

The load factor for September 2021 increased to 73.7%.

How does PAC's passenger traffic compare year-to-date against 2019?

PAC reported an 11.1% decrease in overall passenger traffic year-to-date compared to 2019.

What new routes were introduced by PAC recently?

New routes include La Paz - Puerto Vallarta, La Paz - Culiacán, and Hermosillo - Puerto Vallarta.