Grupo Aeroportuario del Pacifico Reports in September 2022 a Passenger Traffic Increase of 27.4% Compared to 2019 (Increase of 25.9% Compared to 2021)

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) reported a 23.8% increase in total terminal passenger traffic for September 2022 compared to September 2019. Key airports such as Puerto Vallarta and Los Cabos experienced substantial growth, with 54.0% and 47.5% increases respectively. The total number of passengers across GAP’s 12 airports reached 2,656,900 in September 2022, reflecting a 20.3% rise compared to the same month in 2019. Additionally, new routes were announced, enhancing connectivity in Mexico’s Pacific region.

Positive

• Passenger traffic increased by 23.8% compared to September 2019.
• Total terminal passengers reached 2,656,900 in September 2022.
• New routes were introduced, improving connectivity.

Negative

• None.

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

For September 2022, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 23.8%, compared to the same period of 2019. Puerto Vallarta, Los Cabos, Tijuana and Guadalajara presented an increase in passenger traffic of 54.0%, 47.5%, 37.9% and 11.5% respectively, compared to September 2019.

Passenger traffic 2022 compared to 2019

Domestic Terminal Passengers (in thousands):

Airport	Sep-19	Sep-22	% Change	Jan-Sep 19	Jan-Sep 22	% Change
Guadalajara	836.3	948.2	13.4%	7,765.8	7,969.4	2.6%
Tijuana*	490.9	657.0	33.8%	4,451.1	5,973.1	34.2%
Los Cabos	143.6	208.6	45.3%	1,447.7	1,869.8	29.2%
Puerto Vallarta	144.3	212.0	47.0%	1,371.2	1,944.0	41.8%
Montego Bay	0.8	0.0	(100.0%)	6.9	0.0	(100.0%)
Guanajuato	166.9	154.3	(7.5%)	1,522.3	1,300.7	(14.6%)
Hermosillo	141.7	151.5	6.9%	1,315.7	1,343.6	2.1%
Kingston	0.0	0.3	N/A	0.0	1.0	N/A
Mexicali	90.2	112.1	24.2%	871.1	918.7	5.5%
Morelia	36.6	49.4	34.9%	342.8	474.3	38.4%
La Paz	72.2	74.2	2.7%	740.4	786.7	6.3%
Aguascalientes	50.7	50.6	(0.3%)	465.6	524.8	12.7%
Los Mochis	28.7	31.6	10.1%	282.8	307.5	8.7%
Manzanillo	6.1	7.2	16.7%	70.5	74.0	5.0%
Total	2,209.1	2,656.9	20.3%	20,653.8	23,487.5	13.7%

International Terminal Passengers (in thousands): 

Airport	Sep-19	Sep-22	% Change	Jan-Sep 19	Jan-Sep 22	% Change
Guadalajara	317.8	338.3	6.5%	3,234.5	3,232.8	(0.1%)
Tijuana*	204.4	302.0	47.7%	2,136.1	3,063.3	43.4%
Los Cabos	168.7	252.1	49.4%	2,764.7	3,310.5	19.7%
Puerto Vallarta	96.9	159.3	64.4%	2,418.2	2,587.6	7.0%
Montego Bay	256.1	300.6	17.4%	3,615.3	3,225.8	(10.8%)
Guanajuato	47.5	60.9	28.0%	528.2	567.7	7.5%
Hermosillo	5.3	5.8	10.3%	51.7	58.5	13.3%
Kingston	0.0	136.7	N/A	0.0	1,128.4	N/A
Mexicali	0.6	0.6	(8.6%)	5.1	4.6	(8.7%)
Morelia	28.5	39.0	36.6%	312.9	364.2	16.4%
La Paz	0.8	0.9	12.5%	9.4	19.2	103.9%
Aguascalientes	18.7	19.6	4.7%	164.4	170.2	3.6%
Los Mochis	0.6	0.7	11.4%	5.4	5.8	7.2%
Manzanillo	1.9	2.2	17.6%	60.8	52.3	(14.0%)
Total	1,147.9	1,618.7	41.0%	15,306.5	17,790.9	16.2%

Total Terminal Passengers (in thousands):

Airport	Sep-19	Sep-22	% Change	Jan-Sep 19	Jan-Sep 22	% Change
Guadalajara	1,154.1	1,286.5	11.5%	11,000.3	11,202.2	1.8%
Tijuana*	695.4	959.0	37.9%	6,587.2	9,036.4	37.2%
Los Cabos	312.3	460.7	47.5%	4,212.4	5,180.3	23.0%
Puerto Vallarta	241.2	371.4	54.0%	3,789.4	4,531.7	19.6%
Montego Bay	256.9	300.6	17.0%	3,622.2	3,225.8	(10.9%)
Guanajuato	214.4	215.2	0.4%	2,050.5	1,868.4	(8.9%)
Hermosillo	147.0	157.3	7.0%	1,367.4	1,402.1	2.5%
Kingston	0.0	137.0	N/A	0.0	1,129.4	N/A
Mexicali	90.9	112.7	24.0%	876.2	923.3	5.4%
Morelia	65.2	88.4	35.6%	655.7	838.5	27.9%
La Paz	73.0	75.1	2.8%	749.8	805.9	7.5%
Aguascalientes	69.4	70.1	1.0%	630.0	695.0	10.3%
Los Mochis	29.3	32.2	10.1%	288.2	313.3	8.7%
Manzanillo	8.0	9.4	16.9%	131.2	126.3	(3.8%)
Total	3,357.1	4,275.6	27.4%	35,960.3	41,278.4	14.8%

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

CBX users (in thousands):

Airport	Sep-19	Sep-22	% Change	Jan-Sep 19	Jan-Sep 22	% Change
Tijuana	200.8	299.2	49.0%	2,100.9	3,038.5	44.6%

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	Sep-21	Sep-22	% Change	Jan-Sep 21	Jan-Sep 22	% Change
Guadalajara	720.2	948.2	31.7%	5,998.2	7,969.4	32.9%
Tijuana*	581.9	657.0	12.9%	5,021.2	5,973.1	19.0%
Los Cabos	171.4	208.6	21.7%	1,445.4	1,869.8	29.4%
Puerto Vallarta	142.8	212.0	48.4%	1,294.2	1,944.0	50.2%
Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
Guanajuato	122.6	154.3	25.9%	1,082.7	1,300.7	20.1%
Hermosillo	126.5	151.5	19.8%	1,008.3	1,343.6	33.2%
Kingston	0.2	0.3	94.5%	1.0	1.0	1.5%
Mexicali	93.3	112.1	20.1%	764.1	918.7	20.2%
Morelia	40.1	49.4	23.3%	394.1	474.3	20.4%
La Paz	70.5	74.2	5.1%	634.9	786.7	23.9%
Aguascalientes	48.2	50.6	4.9%	404.7	524.8	29.7%
Los Mochis	27.0	31.6	17.1%	252.0	307.5	22.0%
Manzanillo	5.4	7.2	31.7%	61.0	74.0	21.2%
Total	2,150.1	2,656.9	23.6%	18,361.9	23,487.5	27.9%

 International Terminal Passengers (in thousands): 

Airport	Sep-21	Sep-22	% Change	Jan-Sep 21	Jan-Sep 22	% Change
Guadalajara	317.4	338.3	6.6%	2,643.2	3,232.8	22.3%
Tijuana*	196.0	302.0	54.1%	1,901.1	3,063.3	61.1%
Los Cabos	235.5	252.1	7.1%	2,462.1	3,310.5	34.5%
Puerto Vallarta	116.5	159.3	36.7%	1,457.9	2,587.6	77.5%
Montego Bay	191.0	300.6	57.4%	1,761.0	3,225.8	83.2%
Guanajuato	51.2	60.9	18.9%	447.3	567.7	26.9%
Hermosillo	9.3	5.8	(37.1%)	76.6	58.5	(23.6%)
Kingston	72.9	136.7	87.5%	565.0	1,128.4	99.7%
Mexicali	0.6	0.6	2.7%	3.6	4.6	28.1%
Morelia	33.6	39.0	16.0%	292.9	364.2	24.3%
La Paz	1.0	0.9	(3.7%)	13.7	19.2	39.9%
Aguascalientes	17.5	19.6	11.6%	152.0	170.2	12.0%
Los Mochis	0.9	0.7	(28.9%)	7.1	5.8	(18.0%)
Manzanillo	1.6	2.2	39.9%	29.7	52.3	76.1%
Total	1,245.0	1,618.7	30.0%	11,813.1	17,790.9	50.6%

Total Terminal Passengers (in thousands):

Airport	Sep-21	Sep-22	% Change	Jan-Sep 21	Jan-Sep 22	% Change
Guadalajara	1,037.6	1,286.5	24.0%	8,641.5	11,202.2	29.6%
Tijuana*	778.0	959.0	23.3%	6,922.3	9,036.4	30.5%
Los Cabos	406.9	460.7	13.2%	3,907.5	5,180.3	32.6%
Puerto Vallarta	259.4	371.4	43.2%	2,752.1	4,531.7	64.7%
Montego Bay	191.0	300.6	57.4%	1,761.0	3,225.8	83.2%
Guanajuato	173.8	215.2	23.9%	1,530.0	1,868.4	22.1%
Hermosillo	135.8	157.3	15.9%	1,084.9	1,402.1	29.2%
Kingston	73.0	137.0	87.5%	565.9	1,129.4	99.6%
Mexicali	93.9	112.7	20.0%	767.8	923.3	20.3%
Morelia	73.7	88.4	20.0%	687.0	838.5	22.1%
La Paz	71.5	75.1	5.0%	648.6	805.9	24.3%
Aguascalientes	65.7	70.1	6.7%	556.7	695.0	24.8%
Los Mochis	27.9	32.2	15.6%	259.1	313.3	20.9%
Manzanillo	7.0	9.4	33.6%	90.7	126.3	39.2%
Total	3,395.1	4,275.6	25.9%	30,175.0	41,278.4	36.8%

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

CBX users (in thousands):

Airport	Sep-21	Sep-22	% Change	Jan-Sep 21	Jan-Sep 22	% Change
Tijuana	191.6	299.2	56.1%	1,878.2	3,038.5	61.8%

Highlights for the month:

• Seats and load factors: The number of seats available during September 2022 increased by 20.1%, compared to September 2021; load factors for the month went from 73.7% in September 2021 to 78.3% in September 2022.
  
  
• New routes:
  
  
  • Guadalajara – Felipe Angeles: Aeromexico
    
  • Mexicali – Felipe Angeles: Volaris
  • Guadalajara – Felipe Angeles: Volaris
  • Los Cabos – Felipe Angeles: Volaris
  • Puerto Vallarta – Felipe Angeles: Volaris
  • La Paz – Felipe Angeles: Volaris
  • Aguascalientes – Mexico City: Aeromar
  • Morelia – Mexico City: Aeromar
  • La Paz – Puerto Peñasco: Calafia
  • La Paz – Chihuahua: Calafia

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

FAQ

What were Grupo Aeroportuario del Pacífico's passenger traffic figures for September 2022?

In September 2022, PAC reported a 23.8% increase in total terminal passengers compared to September 2019.

Which airports showed the highest passenger traffic growth in September 2022?

Puerto Vallarta and Los Cabos had notable increases of 54.0% and 47.5% respectively.

What was the total number of passengers at PAC's airports in September 2022?

The total number of terminal passengers reached 2,656,900 in September 2022.

How does PAC's September 2022 passenger traffic compare to 2021?

Passenger traffic in September 2022 increased significantly, with a 31.7% rise compared to September 2021.

What new routes did PAC announce recently?

PAC announced new routes from Guadalajara, Mexicali, Los Cabos, and Puerto Vallarta to Felipe Angeles and other destinations.