Grupo Aeroportuario del Pacifico(PAC)

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Resolutions Adopted at the Annual General Ordinary and Extraordinary Shareholders’ Meeting for Grupo Aeroportuario del Pacifico on April 24, 2025
GlobeNewswire· 2025-04-25 01:18
Core Points - Grupo Aeroportuario del Pacífico (GAP) held its Annual General Ordinary Shareholders' Meeting with a quorum of 88.5% and approved several key resolutions regarding financial statements, dividend payments, and board member appointments [1][2][3]. Financial Resolutions - The financial statements for the fiscal year 2024 were approved on both unconsolidated and consolidated bases, adhering to MFRS and IFRS standards respectively [2]. - The net income for the fiscal year ended December 31, 2024, was reported as Ps. 8,279,790,417 (approximately 8.28 billion pesos), with the entire amount allocated to retained earnings without separating for legal reserves [3]. - A dividend of Ps. 16.84 per share was approved, to be paid from the retained earnings account totaling Ps. 18,864,285,272 (approximately 18.86 billion pesos) [4][6]. Share Repurchase and Board Appointments - The cancellation of outstanding amounts under the previous share repurchase program was approved, along with a new allocation of Ps. 2,500,000,000 (approximately 2.5 billion pesos) for share repurchases over the next 12 months [7]. - The board of directors was ratified, including the appointment of Laura Díez Barroso Azcárraga as Chairwoman and the designation of Claudia Laviada Díez Barroso as Alternate [8][10]. Compliance and Reporting - Reports regarding the company's compliance with tax obligations and the activities of the Audit and Corporate Practices Committee were presented, ensuring adherence to Mexican regulations [5][14]. - The company has implemented a whistleblower program to report suspected violations, enhancing corporate governance and compliance [17]. Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations, and has expanded its operations internationally [16].
Grupo Aeroportuario del Pacifico Announces Filing of 2024 Annual Report and Form 20-F
GlobeNewswire· 2025-04-24 04:23
Company Overview - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) 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 [3] - GAP's shares are listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under "GAP" [3] - The company acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L. in April 2015, which holds a majority stake in MBJ Airports Limited, operating Sangster International Airport in Jamaica [3] - GAP entered into a concession agreement for Norman Manley International Airport in Kingston, Jamaica, in October 2018 and took control of operations in October 2019 [3] Financial Reporting - GAP filed its annual report for the year ended December 31, 2024, with the Mexican National Banking and Securities Commission, the Mexican Stock Exchange, and the U.S. Securities and Exchange Commission [1] - The documents are accessible on the respective websites of BMV, BIVA, SEC, and GAP's corporate website [2] Compliance and Governance - GAP has implemented a "whistleblower" program in accordance with the Sarbanes-Oxley Act of 2002, allowing anonymous reporting of suspected criminal conduct or violations [6]
Grupo Aeroportuario del Pacifico(PAC) - 2024 Q4 - Annual Report
2025-04-23 22:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Table of Contents WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission File Number: 001-32751 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Pacific Airport Group United Mexican States (Translation of registrant's name into English) (Jurisdiction of incorporation or organization) Aveni ...
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 ...