Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 2.5% increase in total terminal passenger traffic across its 12 Mexican airports for November 2024 compared to November 2023 [2] - Notable increases in passenger traffic were observed at Tijuana (5.3%), Guadalajara (5.0%), while Montego Bay experienced a decline of 7.4% [2] Domestic Terminal Passengers - Domestic terminal passengers totaled 2,954.4 thousand in November 2024, a 0.6% increase from 2,937.6 thousand in November 2023 [4] - Guadalajara saw a slight increase of 0.6% in domestic passengers, while Tijuana experienced a significant rise of 6.7% [3] - Los Cabos and Puerto Vallarta had decreases of 6.2% and 0.1% respectively [3] International Terminal Passengers - International terminal passengers increased by 3.5% to 2,282.1 thousand in November 2024 from 2,205.1 thousand in November 2023 [4] - Guadalajara reported a significant increase of 15.6% in international passengers, while Montego Bay saw a decrease of 7.4% [4] Overall Passenger Traffic - Total terminal passengers for November 2024 reached 5,236.5 thousand, reflecting a 1.8% increase from 5,142.6 thousand in November 2023 [4] - Year-to-date figures showed a decline in total passengers from 57,762.0 thousand in January-November 2023 to 56,289.6 thousand in the same period of 2024, a decrease of 2.5% [4] Load Factors and Seat Availability - Available seats decreased by 1.0% in November 2024 compared to November 2023, while load factors improved from 82.8% to 85.2% [5] New Routes - GAP announced new routes including Hermosillo to Monterrey, La Paz to Los Angeles, and Los Cabos to Frankfurt among others [6]

Core Viewpoint - Lockheed Martin Corp. has secured a $129.7 million contract to provide technical assistance for the PAC-3 missile system, reflecting the growing demand for advanced missile technology amid rising geopolitical tensions [1][2][3]. Company Summary - The contract is expected to be completed by November 30, 2027, with work taking place in multiple countries including Bahrain, Kuwait, and Poland [2]. - Lockheed Martin's missile offerings include a range of advanced systems such as air-to-air missiles, anti-armor missiles, and hit-to-kill air defense systems, which are critical for military arsenals [5][6]. - The PAC-3 missile is highlighted as a next-generation system designed to counter advanced threats, enhancing Lockheed's competitive position in the defense sector [6][7]. Industry Summary - The global missiles and missile defense system market is projected to grow at a CAGR of 5% from 2024 to 2029, driven by increased defense spending due to geopolitical tensions [4]. - Other defense contractors, such as Northrop Grumman and RTX Corp., are also positioned to benefit from this market growth, with Northrop Grumman showing a long-term earnings growth rate of 19.1% and RTX Corp. planning a significant facility expansion [8][10][11]. - Lockheed Martin's stock has performed well, increasing by 14.7% over the past year, contrasting with a 5.6% decline in the industry [13].

Group 1 - The article highlights the features of Ian's Insider Corner, which includes access to initiation reports, a chat room, weekly updates, and direct responses to member inquiries [1] - Ian Bezek, a former hedge fund analyst, has extensive experience in Latin American markets and specializes in identifying high-quality growth stocks at reasonable prices [2] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or industries [3][4]

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) will complete the second and final installment of its capital reduction payment on November 26, 2024, amounting to Ps. 6.93 per outstanding share, fulfilling the capital reduction approved in April 2024 [1][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 [3]. - GAP's shares have been listed on the New York Stock Exchange since February 2006 and on the Mexican Stock Exchange since the same time [3]. - The company acquired a majority stake in MBJ Airports Limited in April 2015 and entered into a concession agreement for the Norman Manley International Airport in Jamaica in October 2018 [3].

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a slight decrease of 0.4% in total terminal passenger traffic for October 2024 compared to October 2023, with variations across different airports [2][5]. Passenger Traffic Summary - Total terminal passengers at GAP's 12 airports in October 2024 were 4,915.9 thousand, down from 4,953.8 thousand in October 2023, reflecting a decrease of 0.8% [5]. - Domestic terminal passengers decreased by 3.0% to 2,951.8 thousand in October 2024 from 3,042.7 thousand in October 2023 [3][5]. - International terminal passengers increased by 2.8% to 1,964.1 thousand in October 2024 compared to 1,911.1 thousand in October 2023 [4][5]. Airport-Specific Performance - Guadalajara airport saw a 3.4% increase in total passengers, reaching 1,525.0 thousand in October 2024 [5]. - Los Cabos airport experienced a 2.6% increase in total passengers, totaling 557.6 thousand in October 2024 [5]. - Tijuana and Puerto Vallarta airports reported decreases of 1.6% and 0.8%, respectively, in total passenger traffic [5]. - Montego Bay airport had a significant decrease of 8.8% in passenger traffic [2]. Year-to-Date Performance - For the year-to-date period (January to October 2024), total terminal passengers decreased by 3.0% to 51,053.1 thousand compared to 52,619.4 thousand in the same period of 2023 [5]. - Domestic passenger traffic for the year-to-date period decreased by 6.6% to 28,404.4 thousand [3][5]. - International passenger traffic for the year-to-date period increased slightly by 2.0% to 22,648.8 thousand [4][5]. Load Factors and Capacity - Available seats in October 2024 decreased by 5.9% compared to October 2023, while load factors improved from 82.0% to 86.5% [6]. New Routes - New routes introduced include Guadalajara to San Jose, Costa Rica, and Tijuana to Las Vegas, among others [7].

Financial Data and Key Metrics Changes - The company reported a 6% increase in overall revenue despite a 3.8% decline in aeronautical revenue due to lower passenger traffic and only reaching 94% of the maximum tariff [9][10] - Operational expenses increased by 21%, primarily due to the consolidation of the cargo facility, employee-related expenses, and inflationary pressures [10] - EBITDA margin, excluding IFRIC-12 effect, remained solid at 67%, reflecting strategic investments in infrastructure and services [10] Business Line Data and Key Metrics Changes - Non-aeronautical revenues saw a remarkable 39% increase driven by strategic expansions and business acquisitions, with non-aeronautical revenues per passenger reaching MXN120 [8][9] - The cargo facility consolidation contributed MXN354 million to non-aeronautical revenue, showcasing the effectiveness of the company's strategy [8] Market Data and Key Metrics Changes - Passenger traffic declined by 5.7% in the quarter, attributed to ongoing inspections of Pratt & Whitney engines, expected to continue until 2025 [6][7] - International traffic, particularly in leisure destinations like Los Cabos and Puerto Vallarta, saw a decrease of 11% compared to the previous year, primarily due to a reduction in available seats [19] Company Strategy and Development Direction - The company is focused on a Master Development Plan (MDP) for 2025-2029, committing MXN43.2 billion for infrastructure improvements across 12 airports, with significant investments in terminal buildings and security checkpoints [4][5] - The new tariff methodology will be gradually implemented over the next 15 months, with the intention to fully implement by January 2026 [6][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate market challenges and emphasized the importance of diversifying revenue streams for sustainable growth [3][11] - The company anticipates a 5% growth in passenger traffic for the next year, contingent on the return of grounded aircraft and new deliveries [14] Other Important Information - The company maintains a healthy balance sheet with cash and cash equivalents totaling MXN15.8 billion and a net debt-to-EBITDA ratio of 1.8 times [10][11] - The company is exploring additional opportunities for cargo terminal facilities and potential acquisitions to enhance its logistics capabilities [22][23] Q&A Session Summary Question: Details on the new tariff implementation - Management indicated that the new tariff will be gradually implemented, with changes expected in January and July of the upcoming years, aiming for full implementation by January 2026 [12][15] Question: Expectations on traffic recovery - Management expects to see an increase in passenger numbers starting summer 2025, as grounded planes return to service and new deliveries are added to airline fleets [16][14] Question: Impact of U.S. elections on international traffic - Management noted a decrease in leisure destination traffic but indicated that demand remains strong, with double-digit growth in business-related travel to Guadalajara [19][20] Question: Future of cargo business revenue - Management anticipates that the cargo business will maintain or improve revenue levels observed in the third quarter, with an EBITDA margin of 50-55% [17] Question: Changes in U.S. originated tourism due to currency fluctuations - Management stated it is too early to assess the impact of the Mexican peso's depreciation against the U.S. dollar on tourism and business travel [24] Question: Synergies from GWTC platform - Management confirmed that GWTC's EBITDA margin is around 55%, with expectations for significant revenue growth and cost control improvements [26][27]

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 October 2024 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 4 ...

GUADALAJARA, Mexico, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports its consolidated results for the third quarter ended September 30, 2024 (3Q24). Figures are unaudited and prepared following International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). Summary of Results 3Q24 vs. 3Q23 The sum of aeronautical and non-aeronautical services revenues increased b ...

GUADALAJARA, Mexico, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") announces preliminary terminal passenger traffic figures for September 2024, compared with September 2023. For September 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 3.6%, compared to September 2023. Guadalajara airport presented an increase in passenger traffic of 4.1%, while Los Cabos, Tijuana, and Puerto Vallarta ...

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has successfully refinanced a credit facility of USD 40 million with Citibanamex, extending the maturity by 6 months and establishing a variable interest rate [1] Company Overview - Grupo Aeroportuario del Pacífico 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] - GAP's shares are listed on both the New York Stock Exchange (ticker: PAC) and the Mexican Stock Exchange (ticker: GAP) [2] - The company acquired a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, and entered into a concession agreement for the Norman Manley International Airport in Kingston, Jamaica [2]