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) has announced a General Ordinary and Extraordinary Shareholders’ Meeting scheduled for September 14, 2021. Key agenda items include a proposal to increase the share repurchase program by an additional Ps. 2 billion, on top of the previously approved Ps. 3 billion. The Extraordinary Meeting will address a proposal to reduce shareholders’ equity by Ps. 7.80 per share. Shareholders must register and obtain admission cards to participate, with a deadline of three business days prior to the meeting.

Grupo Aeroportuario del Pacífico (PAC) reported significant recovery metrics for 2Q21, with a 345.4% increase in revenues compared to 2Q20, totaling Ps. 4,895.7 million. Passenger traffic surged by 562.6% year-over-year, although it remains 23.4% below pre-pandemic levels. The company generated a positive EBITDA of Ps. 2,797.1 million, reflecting an EBITDA margin increase to 57.1%. Despite ongoing COVID-19 impacts, PAC's financial position remains stable with cash holdings of Ps. 15,503 million.

Grupo Aeroportuario del Pacífico (PAC) reported preliminary passenger traffic for June 2021, showing a 2.2% decrease from June 2019. Key airports, including Los Cabos, Tijuana, and Puerto Vallarta, saw increases in traffic of 14.9%, 10.4%, and 2.8%, respectively. Guadalajara and Guanajuato airports experienced significant declines of 14.3% and 14.4%. Notably, June 2021's load factor rose to 82.9%, up from 38.9% in June 2020, with a 98.3% increase in available seats. New routes were introduced, enhancing service connectivity.

Grupo Aeroportuario del Pacífico (PAC) reported preliminary passenger traffic data for May 2021, revealing a 4.6% decrease compared to May 2019 across its 12 airports in Mexico. Tijuana and Los Cabos airports showed positive trends with increases of 14.3% and 9.1%, respectively. However, Guadalajara and Puerto Vallarta airports experienced declines of 15.2% and 6.3%. Year-to-date, total passenger traffic improved by 27.6% compared to the same period in 2020, attributed to a significant increase in seat availability and load factors rising to 81.7%.

Grupo Aeroportuario del Pacífico (PAC) has announced a capital reduction payment of Ps. 3.8230950615 per outstanding share, effective May 27, 2021. This payment marks the thirtieth such distribution to its shareholders, as approved in the General Extraordinary Shareholders’ Meeting on April 27, 2021. The funds will be distributed through S.D. INDEVAL, S.A. de C.V. The company operates 12 airports across Mexico's Pacific region, including major cities and tourist destinations.

Grupo Aeroportuario del Pacífico (PAC) announced the prepayment of loans totaling Ps. 2.0 billion to Scotiabank and BBVA, aimed at enhancing its financial position. The loan to Scotiabank, due July 2021, was repaid using resources from a recent bond issuance, while the payment to BBVA, due May 2022, utilized the company's own funds. Both loans were secured during the pandemic for general corporate purposes. This strategic move underscores PAC's commitment to maintaining sound financial management amid ongoing uncertainties in the aviation sector.

Grupo Aeroportuario del Pacifico (PAC) announced a capital reduction payment of Ps. 3.8230950615 per share, set for May 28, 2021. This follows the approval at the General Extraordinary Shareholders’ Meeting on April 27, 2021, marking the thirty such payment for the company. Grupo Aeroportuario del Pacifico operates 12 airports in Mexico's Pacific region, including significant cities and tourist destinations. Their shares are traded on the NYSE and BMV, and the company has been involved in international operations in Jamaica.

Grupo Aeroportuario del Pacífico (PAC) announced the successful issuance of 45 million long-term bond certificates valued at Ps. 4.5 billion. This issuance includes 25 million four-year bonds under the ticker “GAP21” and 20 million seven-year bonds under “GAP21-2”. The issuance was significantly oversubscribed at 5.8 times the initial target. Proceeds will be used for commercial investments and to settle financial liabilities due in July 2021. Both bond issues received high credit ratings, with “Aaa.mx” from Moody’s and “MxAAA” from S&P.

Grupo Aeroportuario del Pacifico (PAC) reported a 15.7% decline in terminal passenger traffic for April 2021 compared to April 2019, with total passengers at 2.11 million. The Tijuana airport showed a 7.1% increase, while others like Puerto Vallarta saw a 32.9% decrease. Domestic traffic dropped by 19.4% year-on-year, but there was a significant recovery from April 2020, with overall growth reaching 654.1%. The report includes comparisons with 2019 and 2020 figures to highlight trends amid the pandemic's impact on air travel.