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

Welcome to our dedicated page for Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) news (Ticker: PAC), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) stock.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP), headquartered in Guadalajara, Mexico, is a prominent airport operator engaged in the construction, development, and operation of airports across Mexico. Founded to streamline air travel infrastructure, GAP plays a crucial role in enhancing the connectivity and accessibility of key regions in Mexico and beyond.

GAP's portfolio includes major airports such as Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, and Guanajuato, among others. The Guadalajara segment stands as the company's primary revenue generator, contributing significantly to its financial health.

Recent reports highlight notable developments within the company. In 4Q23, the financial results saw a decrease of Ps. 99.7 million, or 13.3%, in net expense compared to 4Q22. This shift was driven by various factors including the consolidation of routes and preventive inspections of GTF engines. Additionally, the company's financial cost increased by Ps. 838.5 million, or 54.5%, from 2022 to 2023, primarily due to adjustments related to the adoption of IFRS accounting standards.

GAP has actively expanded its international footprint, with passenger traffic at Tijuana classified as international when using the Cross Border Xpress (CBX) in both directions. The company's strategic initiatives focus on enhancing passenger experiences, improving operational efficiencies, and maintaining stringent safety standards.

Financially, GAP continues to navigate through challenges by aligning its reporting practices with both Mexican Financial Reporting Standards (MFRS) and International Financial Reporting Standards (IFRS). The company ensures compliance with Mexican legal and tax requirements while delivering transparent and accurate financial information to its stakeholders.

Looking ahead, Grupo Aeroportuario del Pacífico remains committed to its mission of developing world-class airport facilities that support economic growth and regional development. Through continuous investment in infrastructure and technology, GAP aims to provide exceptional service to passengers and contribute to the overall advancement of the aviation industry.

News

Grupo Aeroportuario del Pacifico Announces Results for the Fourth Quarter of 2023

Rhea-AI Summary
Grupo Aeroportuario del Pacífico (PAC) reports positive financial results for Q4 2023, with total revenues increasing by 14.1%. Despite a 10.7% peso appreciation, aeronautical and non-aeronautical revenues grew. Passenger traffic increased by 2.5%, with new routes added. EBITDA decreased by 2.6%, and operating income margin dropped from 45.6% to 37.8%. Financial position remained strong with Ps. 10,055.2 million in cash and cash equivalents.
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Grupo Aeroportuario del Pacifico Reports in January 2024 a Passenger Traffic Decrease of 0.6% Compared to 2023

Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announces a 1.6% decrease in total terminal passengers at its 12 Mexican airports for January 2024 compared to January 2023. While Puerto Vallarta and Guadalajara saw an increase in passenger traffic, Tijuana and Los Cabos experienced a decrease. Montego Bay, however, presented a significant increase in passenger traffic. The company also reported a 3.7% decrease in seats available for January 2024 due to engine revisions, but an increase in load factors.
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Grupo Aeroportuario del Pacifico Announces Growth Guidance for the Full Year 2024

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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) announced its growth guidance for 2024, including traffic, aeronautical and non-aeronautical revenues, EBITDA, EBITDA margin, and CAPEX. The company expects a 5-3% decline in traffic, a 4-2% decline in aeronautical revenues, a 12-14% increase in non-aeronautical revenues, and a 0-2% increase in total revenues. EBITDA is expected to decrease by 7-5%, with a 65% EBITDA margin. The company plans to invest approximately 9.0 billion in CAPEX to meet airport service demand, infrastructure expansion, and quality service improvements. The figures are based on the company's current expectations and are subject to change based on external factors.
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Grupo Aeroportuario del Pacifico Reports in December 2023 a Passenger Traffic Increase of 2.2% Compared to 2022

Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) reports a 1.3% increase in total terminal passengers at its 12 Mexican airports for December 2023, compared to the same period in 2022. Puerto Vallarta, Los Cabos, and Guadalajara saw significant increases in passenger traffic, while Montego Bay experienced a notable 13.2% growth. The company also announced new routes and reported a 0.9% decrease in available seats during December 2023.
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Grupo Aeroportuario del Pacifico Reports in November 2023 a Passenger Traffic Increase of 0.7% Compared to 2022

Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announces a 0.4% increase in total terminal passengers at its 12 Mexican airports for November 2023 compared to the same period in 2022. Los Cabos and Puerto Vallarta experienced a growth in passenger traffic of 4.3% and 3.7%, respectively, while Montego Bay saw a 7.3% increase. The domestic terminal saw a 0.1% increase, and the international terminal saw a 1.6% increase in passenger traffic for the same period.
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Grupo Aeroportuario del Pacifico Announces the Payment Date of the Fourth and Final Installment of the Dividend Approved at the Ordinary Shareholder's Meeting

Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) will complete the fourth and final portion of the dividend payment on December 14th, 2023, equivalent to Ps. 3.71 per outstanding share. The company operates 12 airports in Mexico's Pacific region and has fully complied with dividend distributions approved at the Annual General Ordinary Shareholders’ Meeting. GAP's shares are listed on the NYSE under the ticker symbol 'PAC' and on the Mexican Stock Exchange under the ticker symbol 'GAP'. In 2015, GAP acquired Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, operating Sangster International Airport in Montego Bay, Jamaica. In 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in 2019.
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Grupo Aeroportuario del Pacifico Announces the Drawdown of Ps. 1.5 billion From a Credit Facility

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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) announces a drawdown of Ps. 1.5 billion from a credit facility with Banco Santander México, S.A. at a 12-month term. Interest payable monthly at a variable rate of TIIE-28 plus 38 basis points. The loan will be used to pay off a credit facility with Scotiabank Inverlat, S.A.
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Grupo Aeroportuario Del Pacifico Reports in October 2023 a Passenger Traffic Increase of 4.7% Compared to 2022

Rhea-AI Summary
Grupo Aeroportuario del Pacífico (GAP) announces that the total number of terminal passengers at its 12 Mexican airports increased by 4.7% in October 2023 compared to the same period in 2022. Tijuana and Guadalajara saw increases of 4.1% and 3.4%, respectively, while Montego Bay experienced a significant increase of 10.3%. The company also highlights new routes and an increase in seats and load factors.
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Grupo Aeroportuario del Pacifico Announces Results for the Third Quarter of 2023

Rhea-AI Summary
Grupo Aeroportuario del Pacífico (GAP) reports positive results for the third quarter of 2023, with increased revenues and income from operations. EBITDA also increased, while comprehensive income decreased. The company's financial position remains strong, with positive net cash flow and a significant amount of cash and cash equivalents. Passenger traffic at GAP's airports also saw an increase.
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Grupo Aeroportuario del Pacifico Announces Government Action to Amend the Rules for Tariff Regulation

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Grupo Aeroportuario del Pacífico notified of new document modifying Rules for Tariff Regulation. Changes will apply to tariffs starting on January 1, 2025.
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FAQ

What is the current stock price of Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC)?

The current stock price of Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC) is $181.12 as of December 20, 2024.

What is the market cap of Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC)?

The market cap of Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC) is approximately 9.3B.

What is Grupo Aeroportuario del Pacífico (GAP)?

GAP is a Mexican airport operator involved in the construction, development, and operation of airports across Mexico.

Where is GAP headquartered?

GAP is headquartered in Guadalajara, Mexico.

Which airports are operated by GAP?

GAP operates several airports including Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, and Guanajuato.

How does GAP generate its revenue?

GAP generates maximum revenue from the Guadalajara segment, with significant contributions from other key airports.

What recent financial changes has GAP experienced?

In 4Q23, GAP saw a decrease in net expense by Ps. 99.7 million, while financial costs increased by Ps. 838.5 million from 2022 to 2023.

How does GAP classify passenger traffic at Tijuana?

Passengers using the Cross Border Xpress (CBX) in Tijuana in both directions are classified as international.

What accounting standards does GAP follow?

GAP adheres to both Mexican Financial Reporting Standards (MFRS) and International Financial Reporting Standards (IFRS).

What are GAP's future plans?

GAP aims to invest in infrastructure and technology to enhance passenger experiences and support economic growth and regional development.

How does GAP ensure compliance with legal and tax requirements?

GAP prepares separate financial information under MFRS for Mexican legal and tax purposes while reporting consolidated financial statements under IFRS.

What is the significance of GAP's international operations?

GAP's international operations, such as the classification of Tijuana's CBX passenger traffic, highlight its expanding global footprint and strategic growth initiatives.

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

NYSE:PAC

PAC Rankings

#895 Ranked by Market Cap
N/A Ranked by Dividends

PAC Stock Data

9.26B
50.53M
15.8%
0.36%
Airports & Air Services
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United States of America
Guadalajara