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 Pacifico (GAP), listed on NYSE as PAC, announced the acquisition of 51.5% of the shares of Guadalajara World Trade Center (GWTC) for Ps. 875.5 million. GWTC consists of seven companies specializing in international cargo services at Guadalajara and Puebla Airports. In 2023, GWTC generated revenues exceeding Ps. 1 billion with an EBITDA margin of around 40%, and no financial debt. The transaction, expected to close by June 25, will be financed either through a bank loan or the company's resources. This acquisition helps GAP gain expertise in the cargo business and leverage nearshoring opportunities in the region.

Grupo Aeroportuario del Pacífico (NYSE: PAC; BMV: GAP) has refinanced a maturing credit facility with Banco Nacional de México, S.A. (Citibanamex) for Ps. 1.5 billion. The new agreement extends the maturity by 18 months with interest payable monthly at a variable rate of TIIE-28 plus 24 basis points and a principal payment due on December 5, 2025. GAP operates 12 airports in Mexico's Pacific region and holds stakes in airports in Jamaica. GAP is listed on both the New York and Mexican Stock Exchanges.

Grupo Aeroportuario del Pacífico (NYSE: PAC; BMV: GAP) reported a 2.3% decrease in total terminal passenger traffic in May 2024 compared to May 2023. Specific airports experienced varied changes: Puerto Vallarta saw a 3.2% increase, while Tijuana, Guadalajara, and Los Cabos saw decreases of 5.2%, 2.7%, and 1.7% respectively. Montego Bay also saw a minor decrease of 0.3%.

On a year-to-date basis from January to May, overall passenger traffic decreased by 1.9%. The number of available seats dropped by 7.2% year-over-year, but load factors improved from 78.8% to 82.9%. New routes were launched including Guadalajara to Vancouver by Flair Airlines and Los Cabos to Phoenix by Frontier.

Domestic and international passenger traffic at various airports showed mixed results, with some increases and notable declines. Guadalajara and Tijuana saw significant declines in both domestic and international traffic.

Grupo Aeroportuario del Pacifico reported a 7.3% decrease in passenger traffic in April 2024 compared to 2023, affecting various airports in Mexico. The company highlighted factors such as decreased seat availability due to engine revisions and the impact of the Holy Week Holiday. Despite introducing new routes, the overall passenger traffic declined, impacting both domestic and international terminals.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announced the filing of its 2023 annual report and Form 20-F with regulatory authorities. The company operates 12 airports in Mexico, including major cities and tourist destinations. GAP's shares are listed on NYSE and BMV. The press release contains references to EBITDA as a financial performance measure.

Grupo Aeroportuario del Pacifico announces resolutions adopted at the Annual General Ordinary and Extraordinary Shareholders’ Meeting on April 25, 2024. The Company approved financial statements, allocation of net income, cancellation of share repurchase program, and ratification of Board of Directors. The Chairwoman and compensation for Board members were also approved. Additional resolutions include reduction of shareholders' equity, amendments to by-laws, and approval of special delegates.

Grupo Aeroportuario del Pacifico (PAC) reports its first quarter 2024 results showing a 1.9% increase in total revenues, with a decrease in aeronautical services but an increase in non-aeronautical services revenue. Operating costs rose by 5.8%, leading to a 2.3% decrease in income from operations and a 1.0% decrease in EBITDA. Despite a 0.7% increase in comprehensive income, net income decreased by 3.7%. The company maintained positive cash flow from operating activities and issued long-term bond certificates worth Ps. 3,000.0 million. Passenger traffic increased slightly by 0.1% compared to the same period last year.

Grupo Aeroportuario del Pacífico (PAC) reports a 1.2% decrease in total terminal passengers at Mexican airports in March 2024 compared to March 2023. While Puerto Vallarta and Los Cabos saw an increase in passenger traffic, Tijuana and Guadalajara experienced a decline. Montego Bay showed a significant increase in passenger traffic. The company also highlights new routes and changes in seat availability and load factors.

Grupo Aeroportuario del Pacífico (PAC) successfully completes a Ps. 3.0 billion bond issuance in Mexico. The issuance was oversubscribed by 2.4x, generating significant interest. The proceeds will be used to pay off previous bond certificates. The bond certificates were issued under two ticker symbols, 'GAP24-L' and 'GAP24-2L', with different interest rates and maturity dates. GAP also introduced Sustainability Performance Targets linked to the bond issuance, aiming to reduce greenhouse gas emissions and achieve airport certification levels. The issuance received top credit ratings in Mexico from Moody's and S&P, indicating strong financial stability and credibility.