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.
Grupo Aeroportuario del Pacífico (PAC) reported robust Q3 2022 results, with total revenues up by 27.6% year-over-year, totaling Ps. 6,752.0 million. Aeronautical services revenues surged by 34.2%, while non-aeronautical services grew by 28.2%. EBITDA reached Ps. 4,085.0 million, reflecting a 31.8% increase. Cash and cash equivalents as of September 30, 2022, were Ps. 16,157.6 million, a 51.7% increase from the previous year. The company also opened new domestic and international routes, contributing to a 24.6% rise in passenger traffic compared to Q3 2021.
Grupo Aeroportuario del Pacífico (PAC) reported a 23.8% increase in total terminal passenger traffic for September 2022 compared to September 2019. Key airports such as Puerto Vallarta and Los Cabos experienced substantial growth, with 54.0% and 47.5% increases respectively. The total number of passengers across GAP’s 12 airports reached 2,656,900 in September 2022, reflecting a 20.3% rise compared to the same month in 2019. Additionally, new routes were announced, enhancing connectivity in Mexico’s Pacific region.
Grupo Aeroportuario del Pacífico (PAC) reported a 19.8% increase in terminal passenger traffic for August 2022 compared to August 2019. Notable increases were seen in Tijuana (43.2%), Puerto Vallarta (37.3%), and Los Cabos (29.6%). Domestic passenger traffic rose by 12.9% year-to-date compared to 2019, while international traffic saw a 14.2% increase. The company also noted a 22.7% rise in available seats from August 2021, reflecting the growing demand and an improved load factor of 80.2% for the month.
Grupo Aeroportuario del Pacífico (PAC) reported a significant increase in terminal passenger traffic for July 2022, with an 18.9% rise compared to July 2019. This growth is driven by strong performances in Tijuana (44.4%), Puerto Vallarta (39.9%), Los Cabos (25.1%), and Guadalajara (4.2%). Overall, total terminal passengers reached 3,026.6 thousand, representing a 15.9% increase since July 2019. The load factor improved to 82.8%, up from 77.9% in July 2021. New routes introduced include Guadalajara to Toluca and Los Cabos to Madrid, enhancing connectivity.
Grupo Aeroportuario del Pacífico (PAC) reported strong financial results for the second quarter of 2022, with total revenues increasing by 35.0% to Ps. 6,610.1 million compared to Q2 2021. Aeronautical and non-aeronautical services revenues rose by 43.0% and 44.7%, respectively. EBITDA surged by 45.9% to Ps. 4,081.7 million, resulting in an EBITDA margin of 61.7%. Passenger traffic showed positive trends, up 27.6% from Q2 2021. The company maintained a solid cash position with Ps. 13,489.6 million, despite a decrease of 13.0% year-over-year.
Grupo Aeroportuario del Pacífico (PAC) reported a 15.4% increase in total terminal passenger traffic for June 2022 compared to 2019, and an 18.6% rise compared to 2021. The total passengers across its 12 Mexican airports reached 4.67 million, with notable increases at Puerto Vallarta (36.3%), Tijuana (32.3%), and Los Cabos (24.0%). Domestic terminal passengers grew by 13.4% compared to June 2019. The company also saw improved load factors at 81.6% and a 23.7% increase in available seats year-over-year. New routes were added from Montego Bay to Austin and Tampa.
Grupo Aeroportuario del Pacífico (PAC) reported a 13.7% increase in total terminal passenger traffic for May 2022 compared to May 2019. Key airports, including Puerto Vallarta and Tijuana, saw rises of 35.0% and 32.6% respectively. Year-to-date figures also improved, with total traffic up 11.8% year-on-year. Notably, the load factor increased from 77.1%% in May 2021 to 81.9%% in May 2022, indicating higher operational efficiency. New routes have been added, reflecting ongoing expansion in services.
On May 17, 2022, Grupo Aeroportuario del Pacífico (PAC) announced a dividend payment of Ps.7.20 per share, following approval at the Annual General Ordinary Shareholders’ Meeting held on April 22, 2022. This marks the thirty-second dividend payment. The company operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations like Puerto Vallarta and Los Cabos.
Grupo Aeroportuario del Pacífico (PAC) reported April 2022 terminal passenger traffic showing a 14.6% increase compared to April 2019. Key airports like Tijuana and Puerto Vallarta saw significant growth with increases of 35.3% and 24.1%, respectively. Total terminal passengers rose to 2,659.7 thousand in April 2022, up 13.9% year-over-year, with a 12.0% increase for the January-April period. The number of available seats increased by 33.3%, pushing load factors up to 81.4%. GAP continues to expand, adding new routes for future growth.
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)?
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)?
What is Grupo Aeroportuario del Pacífico (GAP)?
Where is GAP headquartered?
Which airports are operated by GAP?
How does GAP generate its revenue?
What recent financial changes has GAP experienced?
How does GAP classify passenger traffic at Tijuana?
What accounting standards does GAP follow?
What are GAP's future plans?
How does GAP ensure compliance with legal and tax requirements?
What is the significance of GAP's international operations?
