Grupo Aeroportuario Del Pacifico Reports In September 2023

Rhea-AI Summary

Grupo Aeroportuario del Pacífico reports a 6.2% increase in passenger traffic compared to 2022.

Positive

• Total number of terminal passengers at GAP's 12 Mexican airports increased by 6.5% in September 2023 compared to September 2022.

Negative

• None.

A Passenger Traffic Increase Of 6.2% Compared To 2022

GUADALAJARA, Mexico, Oct. 06, 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 September 2023, compared with the same period of 2022.

For September 2023, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 6.5%, compared to the same period in 2022. Tijuana, Guadalajara, and Los Cabos presented an increase in passenger traffic of 5.6%, 5.2%, and 2.7%, respectively, compared to September 2022.

Domestic Terminal Passengers (in thousands):
	Airport	Sep-22	Sep-23	% Change		Jan - Sep 22	Jan - Sep 23	% Change
	Guadalajara	948.0	976.4	3.0	%	7,969.3	9,395.0	17.9	%
	Tijuana*	657.0	721.6	9.8	%	5,973.1	6,751.6	13.0	%
	Los Cabos	208.6	227.1	8.9	%	1,869.8	2,244.2	20.0	%
	Puerto Vallarta	212.0	213.0	0.5	%	1,944.0	2,197.1	13.0	%
	Montego Bay	0.0	0.0	N/A		0.0	0.0	N/A
	Guanajuato	154.3	202.8	31.4	%	1,300.7	1,729.5	33.0	%
	Hermosillo	151.5	177.0	16.9	%	1,343.6	1,552.4	15.5	%
	Mexicali	112.1	134.3	19.8	%	918.7	1,174.8	27.9	%
	Kingston	0.3	0.1	(75.1	%)	1.0	1.3	35.8	%
	Morelia	49.4	61.8	25.1	%	474.3	609.1	28.4	%
	La Paz	74.2	79.1	6.7	%	786.7	814.2	3.5	%
	Aguascalientes	50.6	53.8	6.4	%	524.8	478.6	(8.8	%)
	Los Mochis	31.6	34.6	9.6	%	307.5	336.2	9.4	%
	Manzanillo	7.2	8.2	14.2	%	74.0	80.1	8.2	%
	Total	2,656.8	2,889.7	8.8	%	23,487.4	27,364.0	16.5	%
International Terminal Passengers (in thousands):
	Airport	Sep-22	Sep-23	% Change		Jan - Sep 22	Jan - Sep 23	% Change
	Guadalajara	338.3	376.6	11.3	%	3,232.8	3,848.9	19.1	%
	Tijuana*	302.0	291.5	(3.5	%)	3,063.3	3,254.5	6.2	%
	Los Cabos	252.1	246.0	(2.4	%)	3,310.4	3,603.1	8.8	%
	Puerto Vallarta	159.3	139.1	(12.7	%)	2,587.6	2,863.8	10.7	%
	Montego Bay	300.6	324.1	7.8	%	3,225.8	3,963.2	22.9	%
	Guanajuato	60.9	66.6	9.4	%	567.7	645.5	13.7	%
	Hermosillo	5.8	6.0	2.7	%	58.5	55.0	(6.0	%)
	Mexicali	0.6	0.6	(2.4	%)	4.6	5.3	14.7	%
	Kingston	136.7	132.1	(3.4	%)	1,128.4	1,338.9	18.7	%
	Morelia	39.0	42.9	10.0	%	364.2	444.0	21.9	%
	La Paz	0.9	0.8	(17.8	%)	19.2	10.3	(46.0	%)
	Aguascalientes	19.6	24.0	22.5	%	170.2	214.3	25.9	%
	Los Mochis	0.7	0.5	(21.5	%)	5.8	5.4	(7.6	%)
	Manzanillo	2.2	2.0	(9.5	%)	52.3	49.1	(6.0	%)
	Total	1,618.7	1,652.8	2.1	%	17,790.9	20,301.6	14.1	%
Total Terminal Passengers (in thousands):
	Airport	Sep-22	Sep-23	% Change		Jan - Sep 22	Jan - Sep 23	% Change
	Guadalajara	1,286.3	1,353.0	5.2	%	11,202.1	13,243.9	18.2	%
	Tijuana*	959.0	1,013.0	5.6	%	9,036.4	10,006.1	10.7	%
	Los Cabos	460.7	473.1	2.7	%	5,180.3	5,847.3	12.9	%
	Puerto Vallarta	371.4	352.1	(5.2	%)	4,531.7	5,060.9	11.7	%
	Montego Bay	300.6	324.1	7.8	%	3,225.8	3,963.2	22.9	%
	Guanajuato	215.2	269.4	25.2	%	1,868.4	2,375.0	27.1	%
	Hermosillo	157.3	183.0	16.3	%	1,402.1	1,607.5	14.6	%
	Mexicali	112.7	134.8	19.6	%	923.3	1,180.1	27.8	%
	Kingston	137.0	132.2	(3.5	%)	1,129.4	1,340.3	18.7	%
	Morelia	88.4	104.7	18.5	%	838.5	1,053.1	25.6	%
	La Paz	75.1	79.9	6.4	%	805.9	824.5	2.3	%
	Aguascalientes	70.1	77.8	10.9	%	695.0	692.9	(0.3	%)
	Los Mochis	32.2	35.1	8.9	%	313.3	341.6	9.0	%
	Manzanillo	9.4	10.2	8.6	%	126.3	129.2	2.3	%
	Total	4,275.5	4,542.5	6.2	%	41,278.3	47,665.6	15.5	%
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
	Airport	Sep-22	Sep-23	% Change		Jan - Sep 22	Jan - Sep 23	% Change
	Tijuana	299.2	288.8	(3.5	%)	3,038.5	3,226.9	6.2	%

Highlights for the month:

• Seats and load factors: The number of seats available during September 2023 increased by 6.5%, compared to September 2022; load factors for the month went from 78.0% in September 2022 to 77.8% in September 2023.
  
  
• New routes:
  
  
  • Guadalajara – Villahermosa: Volaris

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 involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. 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 percentage increase in passenger traffic for September 2023 compared to September 2022?

The passenger traffic at GAP's 12 Mexican airports increased by 6.5% in September 2023 compared to September 2022.

Which airports showed an increase in passenger traffic?

Tijuana, Guadalajara, and Los Cabos showed an increase in passenger traffic of 5.6%, 5.2%, and 2.7% respectively in September 2023 compared to September 2022.

How many total terminal passengers were there in September 2023?

There were a total of 2,889.7 thousand terminal passengers at GAP's 12 Mexican airports in September 2023.

What is the company's ticker symbol on the New York Stock Exchange?

The company's ticker symbol on the New York Stock Exchange is 'PAC'.

Does the company operate any airports in Jamaica?

Yes, the company operates Sangster International Airport in Montego Bay, Jamaica, and the Norman Manley International Airport in Kingston, Jamaica.