Hi. Good morning. Thanks for the call. Just a bit of an update about the issue of the Pratt & Whitney. Have you seen -- do you think that for this year, for the last quarters, capacity could be limited due to the engine failures, the engine maintenance? We saw about Volaris that -- yesterday said that most of -- the peak of the capacity will Thank you, Gabriel. It's Raul. I mean, when we present our original guidance, we consider around 200 days for the period of maintenance of each one of the grounded plan ...

Financial Data and Key Metrics Changes - The company achieved a record adjusted EBITDA of MXN 17.7 billion, up 9.7% compared to 2022 [29] - Cash increased significantly during 2023, reaching MXN 10 billion by year-end, with a net debt-to-EBITDA ratio of 1.7 times [30][28] - Passenger traffic reached a record 64 million, although a decrease of 3% to 5% is anticipated for 2024 due to various challenges [32][28] Business Line Data and Key Metrics Changes - Commercial revenue from car rentals saw significant growth, particularly due to billing processes at Los Cabos airport, with expectations for continued double-digit growth in 2024 [6] - Non-aeronautical revenues are expected to grow by 12% to 14% in 2024, driven by new commercial projects [56][99] Market Data and Key Metrics Changes - The company anticipates a slowdown in passenger traffic across its airport network due to the Pratt & Whitney engine inspections, which will impact aeronautical revenues by a decrease of 2% to 4% [32] - International passenger traffic at Guadalajara airport increased by 20.5% in January, indicating strong demand in international markets [62] Company Strategy and Development Direction - The company is focusing on cost control and efficiency improvements, with plans to freeze headcount growth except for new business lines [13][8] - Expansion projects are underway at Guadalajara, Los Cabos, and Puerto Vallarta airports, along with a mixed-use building project in Guadalajara [30][32] Management Comments on Operating Environment and Future Outlook - Management highlighted challenges such as regulatory changes, labor law adjustments, and increased concession fees, which are expected to pressure costs and profitability [52][33] - Despite these challenges, management remains confident in the underlying fundamentals of the business and its ability to navigate regulatory changes [58] Other Important Information - The company plans to propose a capital reimbursement of MXN 13.86 per share, subject to shareholder approval in April 2024 [93] - A significant capital expenditure of around MXN 9 billion is expected for the coming year, including investments in commercial projects and airport expansions [57] Q&A Session Summary Question: What is the company's strategy to manage salary pressures? - The company plans to freeze headcount growth, focusing on efficiency and technology to manage costs [13][120] Question: What are the expectations for tariffs and CapEx for the renegotiation of the MDP? - A 6% discount will be applied to nine airports for 2024, with CapEx expected to align with historical levels around MXN 100 per passenger [68][69] Question: How is the company addressing the impact of the Pratt & Whitney engine inspections on traffic? - Management noted a shift in airline operations towards more profitable routes, with an increase in international passengers at Guadalajara airport [60][39] Question: What is the outlook for commercial projects and their contribution to revenues? - The mixed-use building in Guadalajara is expected to start operations in April, significantly boosting parking revenue and overall commercial revenues [80][81] Question: How is the company managing regulatory changes and tariff adjustments? - The company is actively engaging with regulatory bodies to navigate changes and maintain shareholder value [52][84]

Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Maria Barona - Investor Relations Raul Revuelta - Chief Executive Officer Saul Villarreal - Chief Financial Officer Guilherme Mendes - JPMorgan Alberto Valerio - UBS Pablo Monsivais - Barclays Bruno Amorim - Goldman Sachs Jay Singh - Citi Ernst Anton Mortenkotter - GBM Juan Pablo Macedo Carrillo - GBM Pablo Coloma - MetLife Investment Management Ana Cecilia Reyes - Grupo Bal Marco Montan ...

But in the other hand, the wet cargo that are mainly fruit, vegetables, flowers, meat, all this kind of production is decreasing. But the interesting here is that you could not mix, wet and dry cargo in the same belly of a plane. So what is happening is that all the electronics that have a much higher yield for the cargo airlines is moving or changing the trend for offer of additional offer for wet cargo. What is interesting is that, when you receive or when do you review the results of the yields of the ca ...

Note that for a comparison purpose, when we look at January and February of 2022, the impact of the Omicron variant did affect passenger traffic, which was not the case in 2023. As a result, aeronautical revenues increased by 31%, driven by a passengers traffic recovery throughout GAP's network, as well as the maximum tariff increases, which fulfill almost 99% of the maximum tariff in our Mexican airports. It is important to note, that the benefit of the Jamaican airport consolidation is not fully reflected ...

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 April 2023 Commission File Number: 001-32751 GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V. (PACIFIC AIRPORT GROUP) (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 445 ...

Revenue Sources - Approximately 25.3%, 27.3%, and 28.1% of total revenues in 2020, 2021, and 2022, respectively, were derived from passenger charges for international passengers [1098]. Currency Exposure - As of December 31, 2022, 21% of aeronautical and non-aeronautical revenues were denominated in U.S. dollars, while approximately 17.3% of consolidated costs and expenses were also in U.S. dollars [1098]. - Approximately 60.5%, 35.5%, and 57.0% of cash and marketable securities were denominated in U.S. dollars as of December 31 for the years 2020, 2021, and 2022, respectively [1099]. Debt Management - The company had U.S.$252.5 million in U.S. dollar-denominated debt as of December 31, 2022, down from U.S.$268.5 million in 2020 [1100]. - As of December 31, 2022, approximately Ps.19.3 billion of total debt was variable rate, while Ps.15.0 billion was fixed rate, indicating that 62% of total debt is fixed [1102]. - Interest expense for variable rate loans in 2022 was Ps.1,393.2 million, with an average TIIE-28 rate of 8.1% and an average Libor rate of 1.88% [1112]. - The company contracted interest rate swaps covering Ps.6.9 billion worth of risk for increased interest rates related to long-term debt securities [1102]. - The company expects to continue funding capital investments through debt issuances on the Mexican capital markets, subject to market conditions [1102]. Financial Instruments - The company recognized a gain of Ps.130.6 million in the reserve for the gain on cash flow hedges for the year ended December 31, 2022 [1114]. - As of December 31, 2022, the company had no outstanding forward foreign exchange contracts [1101].

Financial Data and Key Metrics Changes - Total revenues increased by 57% compared to 2019, supported by continued passenger traffic growth and a strong commercial revenue increase [105] - Net comprehensive income rose by MXN 2.2 billion compared to 2021, reflecting a 34% increase, while net income increased by 52% [12] - The effective tax rate increased from 23% in 2021 to 25% in 2022, primarily due to high inflation affecting the net financial liability position [13] Business Line Data and Key Metrics Changes - Aeronautical revenues increased by almost 65% versus 2019, driven by passenger traffic growth and increased maximum tariff inflation [115] - Commercial revenue increased by almost 30% compared to 2019, attributed to additional commercial spaces in Montego Bay, Los Cabos, and Guadalajara [107] - The company reported the highest EBITDA margin in its history, with expectations of maintaining around a 70% margin for 2023 [12][118] Market Data and Key Metrics Changes - The company transported almost 57 million passengers in 2022, a 60.4% increase over 2019, positioning it as the largest airport operator in Mexico [105] - The recovery of passenger traffic in Jamaica showed strong signs compared to 2019, with the company working closely with airlines to secure additional routes [114] Company Strategy and Development Direction - The company plans to expand airport capacity to accommodate additional flights, routes, and frequencies, including reopening all routes from China by the end of 2023 [5] - Committed CapEx for 2023 amounts to MXN 10 billion, with MXN 7.5 billion for mandatory CapEx and MXN 2.5 billion for commercial investments [89] - The company is focusing on commercial projects, including the construction of a mixed-use building in Guadalajara and expansions in various airports [42][108] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the growth of leisure destinations, particularly in Cabos and Vallarta, driven by increased hotel room availability [70][78] - The company anticipates sustainable passenger growth across its network of airports, expecting a 6% to 8% increase compared to the previous year [26] - Management noted the impact of nearshoring on operations, particularly in automotive areas, indicating potential for increased passenger traffic [99] Other Important Information - The company faced increased operating costs due to inflation, minimum wage increases, and additional concession fees, particularly in Jamaica [3][128] - The company is committed to maintaining a healthy leverage level, with a net debt to EBITDA ratio of 1.4 times [25] Q&A Session Summary Question: What are the expectations regarding the potential upgrade for maximization interests? - Management indicated that the federal government has a schedule for recovery in the first half of the year, with expectations for completion possibly in the third to fourth quarter [28] Question: Can you elaborate on the cost pressures faced in the fourth quarter? - Management acknowledged that the cost of services increased due to the opening of new operational areas and inflation-related pressures, particularly in maintenance and security [19][32] Question: What is the expected dividend payment considering CapEx commitments? - Management stated that they aim for optimal use of fiscal resources and will release specific numbers in the coming weeks [34] Question: Can you provide details on the CapEx deployment for 2022 and expectations for 2023? - Management confirmed that MXN 8.4 billion was deployed in 2022, with expectations to deploy around MXN 10 billion in 2023, focusing on both mandatory and commercial investments [86][89] Question: How is nearshoring impacting operations? - Management expressed optimism about the potential impact of nearshoring, particularly in automotive sectors, indicating a gradual increase in passenger traffic [99]

Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) Q3 2022 Earnings Conference Call October 25, 2022 11:00 AM ET Company Participants Maria Barona - IR Raul Revuelta - CEO Saul Villarreal - CFO Conference Call Participants Rodolfo Ramos - Bradesco BBI Alejandro Zamacona - Credit Suisse Pablo Monsivais - Barclays Filipe Nielsen - Citi Gabriel Himelfarb - Scotiabank Alan Macias - Bank of America Guilherme Mendes - JPMorgan Operator Good morning and welcome to GAP's Third Quarter 2022 Conference Call. ...

Financial Data and Key Metrics Changes - The company reported solid results in Q1 2022, reflecting a recovery in the Mexican travel industry, with nearly 30 million passengers served [6]. Business Line Data and Key Metrics Changes - Specific data on individual business lines was not provided in the available content. Market Data and Key Metrics Changes - The overall recovery in the Mexican travel industry positively impacted the company's performance, although detailed market data was not disclosed [6]. Company Strategy and Development Direction and Industry Competition - The company is focused on capitalizing on the recovery trend in the travel industry, indicating a strategic alignment with market conditions [6]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the recovery in the travel sector, which is expected to continue benefiting the company's operations [6]. Other Important Information - Forward-looking statements were made, cautioning that actual results may differ due to various factors affecting future performance [4]. Q&A Session Summary - No specific questions and answers were provided in the available content.