Grupo Aeroportuario del Pacifico(PAC)

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Grupo Aeroportuario del Pacifico Reports in March 2025 a Passenger Traffic Increase of 5.6% Compared to 2024
GlobeNewswire· 2025-04-04 21:32
Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 7.0% increase in total terminal passenger traffic for March 2025 compared to March 2024, with significant growth at major airports like Guadalajara, Tijuana, and Los Cabos [2][3] Passenger Traffic Summary - Total terminal passengers at GAP's 12 airports reached 3,040.6 thousand in March 2025, up from 2,699.5 thousand in March 2024, marking a 12.6% increase [3][6] - Guadalajara airport saw the highest growth with an 18.0% increase in passenger traffic, totaling 1,088.8 thousand in March 2025 [3][6] - Tijuana and Puerto Vallarta airports reported increases of 5.3% and 12.8% respectively, while Los Cabos increased by 8.8% [3][6] - Montego Bay experienced a decline of 7.7% in passenger traffic, totaling 0.0 thousand in March 2025 [2][3] Domestic vs. International Passengers - Domestic terminal passengers decreased by 1.3% to 2,707.2 thousand in March 2025, while international terminal passengers also saw a decline of 1.3% [5][6] - Notable changes in international passenger traffic included a 3.7% decrease at Guadalajara and a 7.7% decrease at Montego Bay [5][6] Load Factors and Seat Availability - The number of available seats increased by 9.0% in March 2025 compared to March 2024, but the load factor decreased from 84.0% to 81.5% [9] New Routes - GAP has introduced new routes including Guanajuato to Monterrey and Puerto Vallarta to Sacramento, enhancing connectivity [12]
Grupo Aeroportuario del Pacifico Announces the Extension of a USD$60.0 Million Credit Line for Its Subsidiary MBJ Airports Limited (MBJA)
GlobeNewswire· 2025-04-01 02:48
This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of divide ...
Grupo Aeroportuario del Pacifico Announces Credit Line Refinancing for USD$40.0 Million
GlobeNewswire· 2025-03-21 23:47
Group 1 - The company, Grupo Aeroportuario del Pacífico (GAP), has successfully refinanced a credit facility of USD 40 million with Citibanamex, extending the maturity by 6 months [1] - The new interest rate for the credit facility is set at SOFR plus 25 basis points, with monthly payments and principal due on September 18, 2025 [1] Group 2 - GAP operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as tourist destinations such as Puerto Vallarta and Los Cabos [2] - The company was listed on the New York Stock Exchange in February 2006 and acquired a majority stake in MBJ Airports Limited in April 2015 [2] - GAP entered into a concession agreement for the Norman Manley International Airport in Jamaica in October 2018 and took control of operations in October 2019 [2]
Grupo Aeroportuario Del PacíFico: Undervalued Airport Stock Provides Opportunity
Seeking Alpha· 2025-03-21 13:42
Group 1 - The article highlights the performance of Grupo Aeroportuario del Pacífico (PAC), which has gained 15.8% since a buy rating was issued in September 2024, outperforming the S&P 500 [1] - The investing group, The Aerospace Forum, focuses on identifying investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed analysis [1] - The analyst, with a background in aerospace engineering, provides insights into industry developments and their potential impact on investment strategies [1] Group 2 - The report emphasizes the importance of data-informed analysis in driving investment ideas within the aerospace and defense industry [1]
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. General Ordinary Shareholders’ Meeting
GlobeNewswire· 2025-03-07 22:01
GUADALAJARA, Mexico, March 07, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced the following: Pursuant to a resolution adopted by our board of directors on February 24, 2025, and in accordance with Articles 180, 181, 182 and other applicable articles of the Mexican General Corporate Law and Article 35 of the Company’s by-laws, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. invites its shareholders to the General Ordinary S ...
Grupo Aeroportuario del Pacifico Reports in February 2025 a Passenger Traffic Increase of 1.6% Compared to 2024
GlobeNewswire· 2025-03-05 02:14
Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 2.6% increase in total terminal passenger traffic for February 2025 compared to February 2024, with notable increases at Guadalajara and Tijuana airports [2][3] - The overall passenger traffic for GAP's 12 airports rose to 2,597.1 thousand in February 2025 from 2,425.2 thousand in February 2024, marking a 7.1% increase [3][7] Passenger Traffic Summary - Guadalajara airport saw a significant increase in passenger traffic, rising by 10.6% from 837.2 thousand in February 2024 to 926.2 thousand in February 2025 [3][7] - Tijuana airport experienced a modest increase of 1.9%, with passenger numbers rising from 619.3 thousand to 631.3 thousand [3][7] - Puerto Vallarta and Los Cabos airports reported decreases in passenger traffic of 1.8% and 3.8%, respectively [2][3] - Montego Bay airport had a notable decline of 9.6% in passenger traffic compared to February 2024 [2][3] Domestic and International Passenger Breakdown - Domestic terminal passengers decreased by 4.1% from 2,375.3 thousand in February 2024 to 2,278.4 thousand in February 2025 [5] - International terminal passengers also saw a decline, with a total of 1,318.7 thousand in February 2025, down from 1,450.0 thousand in February 2024 [5] Load Factors and Capacity - The number of available seats increased by 2.8% in February 2025 compared to February 2024, while load factors decreased from 82.1% to 81.2% [11] - The company introduced new routes, including Montego Bay to Raleigh-Durham [11] Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations [10] - The company has been publicly traded since February 2006 on the New York Stock Exchange and the Mexican Stock Exchange [10]
Grupo Aeroportuario del Pacifico(PAC) - 2024 Q4 - Annual Report
2025-02-25 11:05
GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V. (PACIFIC AIRPORT GROUP) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number: 001-32751 (Translation of registrant's name into English) México (Jurisdiction of incorporation or organization) Avenida Mariano Otero No. 1249-B Torre Pacifico, Piso 6 Col. Rinconada del Bosque ...
Grupo Aeroportuario del Pacifico Reports in January 2025 a Passenger Traffic Increase of 5.4% Compared to 2024
GlobeNewswire· 2025-02-05 21:37
Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) reported a 6.3% increase in total terminal passenger traffic across its 12 Mexican airports in January 2025 compared to January 2024, with notable growth in several key airports [2][3]. Passenger Traffic Summary - Total terminal passengers increased from 2,697.5 thousand in January 2024 to 2,899.1 thousand in January 2025, reflecting a 7.5% growth [3]. - Key airports with significant increases include: - Guadalajara: 10.4% increase from 911.7 thousand to 1,006.2 thousand [3]. - Puerto Vallarta: 14.1% increase from 201.1 thousand to 229.5 thousand [3]. - Hermosillo: 11.2% increase from 152.2 thousand to 169.3 thousand [3]. - Montego Bay experienced a decrease of 7.3% in passenger traffic [2]. Domestic and International Passenger Summary - Domestic terminal passengers totaled 2,747.0 thousand in January 2025, up 2.9% from 2,668.6 thousand in January 2024 [5]. - International terminal passengers saw a slight decline, totaling 2,899.1 thousand in January 2025, compared to 2,668.6 thousand in January 2024 [5]. Load Factors and New Routes - Available seats increased by 2.3% year-over-year, with load factors rising from 81.4% in January 2024 to 83.9% in January 2025 [12]. - New routes introduced by Alaska Airlines from Puerto Vallarta to New York (JFK), Sacramento, Kansas City, and St. Louis, as well as from Los Cabos to Sacramento [12].
Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 6.0 Billion
GlobeNewswire· 2025-02-04 22:26
Core Viewpoint - Grupo Aeroportuario del Pacífico successfully completed the issuance of 60 million long-term bond certificates totaling Ps. 6.0 billion, with significant oversubscription and high credit ratings from Moody's and S&P [1][2]. Group 1: Bond Issuance Details - The bond issuance was conducted in two tranches, with an initial amount of Ps. 5.0 billion and a greenshoe option of 20% exercised upon closing, resulting in an oversubscription of 3.4 times [1]. - The proceeds will be used to pay off existing debt certificates "GAP 20" and "GAP 21," totaling Ps. 5.5 billion, and to fund committed investments under the Master Development Program for the 2025 fiscal year [3]. Group 2: Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations such as Puerto Vallarta and Los Cabos [4]. - The company has expanded its operations internationally, acquiring stakes in airports in Jamaica, including Sangster International Airport and Norman Manley International Airport [4].
Grupo Aeroportuario del Pacifico Reports in December 2024 a Passenger Traffic Increase of 2.9% Compared to 2023
GlobeNewswire· 2025-01-06 23:28
Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 3.4% increase in total terminal passenger traffic for December 2024 compared to December 2023, with notable increases at Guadalajara and Tijuana airports [2][3] - The overall passenger traffic for the year 2024 showed a decline of 5.3% compared to 2023, indicating a mixed performance across different airports [3][5] Passenger Traffic Summary - Total terminal passengers in December 2024 reached 3,084.7 thousand, up from 3,027.3 thousand in December 2023, marking a 1.9% increase [3] - Guadalajara airport saw a significant increase of 5.2% in December 2024, while Tijuana airport had a modest increase of 0.4% [3][5] - Puerto Vallarta and Los Cabos airports experienced decreases of 1.8% and 0.6% respectively [2][3] Yearly Performance - For the full year 2024, total terminal passengers were 34,443.8 thousand, down 5.3% from 36,371.5 thousand in 2023 [3] - Guadalajara airport's annual traffic decreased by 4.5%, while Tijuana's traffic fell by 4.9% [3][5] International and Domestic Traffic - International terminal passengers increased by 4.1% in December 2024, totaling 2,782.3 thousand compared to 2,672.4 thousand in December 2023 [3] - Domestic terminal passengers also saw a slight increase of 2.9% in December 2024, reaching 5,867.1 thousand [5] Load Factors and Capacity - Available seats in December 2024 decreased by 3.1%, while load factors improved from 80.4% in December 2023 to 85.5% in December 2024, indicating better utilization of available capacity [6] New Routes - GAP announced several new routes from Guadalajara, including destinations such as Mexicali, Ciudad Obregon, and Oakland, which may enhance connectivity and passenger traffic in the future [7]