Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) - PAC STOCK NEWS

Grupo Aeroportuario del Pacífico (PAC) announced the resignation of Alfredo de Jesús Casar Pérez from its Board of Directors on November 5, 2021. The Nominations and Compensation Committee will start the process of finding a replacement for the Series 'B' shareholders. This decision is expected to be presented for approval at the General Shareholders’ Meeting. The company operates 12 airports in Mexico’s Pacific region and continues to focus on maintaining operational efficiency and stakeholder communication.

Grupo Aeroportuario del Pacífico (PAC) reported a 3.4% increase in total terminal passengers for October 2021 compared to October 2019, with significant growth at Los Cabos, Puerto Vallarta, and Tijuana airports.

However, Guadalajara airport saw a 7.8% decline in passenger traffic. The report also indicates an increase in available seats by 30.8% year-over-year, with load factors improving to 78.1% from 66.2%. The U.S. will implement new vaccination requirements for foreign travelers starting November 8, which may positively impact Tijuana airport traffic.

Grupo Aeroportuario del Pacífico (PAC) reported positive Q3 2021 results, showing revenue growth despite ongoing COVID-19 challenges. Total revenues rose by 72.5% compared to Q3 2020, reaching Ps. 5,292.8 million. EBITDA surged 183.4% to Ps. 3,098.4 million, with a margin increase to 58.5%. Passenger traffic improved significantly, up 105.1% year-over-year, indicating recovery momentum. However, cash and equivalents decreased 30.0% year-over-year to Ps. 10,650.8 million, raising concerns for future liquidity.

Grupo Aeroportuario del Pacífico (PAC) announced the successful issuance of 25 million long-term bond certificates in Mexico, totaling Ps. 2.5 billion. The bonds include Ps. 1.5 billion in 5-year green bonds and Ps. 1.0 billion for the reopening of a fixed-rate bond, both set to fund investments under GAP's Master Development Program and eligible green projects. With a subscription rate of 4.7x, the bonds received top credit ratings of Aaa.mx from Moody’s and MxAAA from S&P.

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.

Grupo Aeroportuario del Pacífico (PAC) has declared a capital stock reduction payment of Ps. 7.80 per share as of September 27, 2021. This payment was approved in an Extraordinary Shareholders’ Meeting on September 14, 2021, marking its thirty-first distribution to shareholders. The payment will be managed through S.D. INDEVAL, S.A. de C.V. GAP operates 12 airports in Mexico, including key cities like Guadalajara and Tijuana, and has expanded its operations internationally. The press release also mentions forward-looking statements regarding the company's future performance.

Grupo Aeroportuario del Pacífico (PAC) announced a capital reduction payment of Ps. 7.80 per share, set for September 28, 2021. This decision was made during an Extraordinary Shareholders' Meeting on September 14, 2021, marking the 31st such payment for the company. PAC operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as key tourist destinations.

On September 14, 2021, Grupo Aeroportuario del Pacífico (PAC) held its Ordinary and Extraordinary Shareholders’ Meetings with a quorum of 88.8% and 88.6%. Key resolutions included an approval for a share repurchase increase of Ps. 2 billion, in addition to the previously sanctioned Ps. 3 billion. The Extraordinary Meeting approved a capital reduction of Ps. 7.80 per share, amendments to the Acquisitions Committee rules, and the possibility of virtual Board meetings. These changes reflect GAP's commitment to enhancing shareholder value and governance.

Grupo Aeroportuario del Pacífico (PAC) reported a 1.9% decline in terminal passenger traffic for August 2021 compared to the same month in 2019. Despite this, Tijuana, Los Cabos, and Puerto Vallarta saw increases of 13.8%, 8.9%, and 2.0%, respectively. In contrast, Guadalajara and Guanajuato experienced declines of 13.0% and 15.0%. Year-to-date comparisons showed a notable recovery, with domestic traffic rising 12.1% and international traffic increasing 25.4% compared to 2019 levels. The company has noted an increase in available seats by 49.8% from August 2020, with load factors climbing to 77.5%.