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Grupo Aeroportuario del Pacifico Announces Results for the Third Quarter of 2024
GlobeNewswire News Room· 2024-10-22 02:05
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 ...
Grupo Aeroportuario Del Pacifico Reports in September 2024 a Passenger Traffic Decrease of 3.9% Compared to 2023
GlobeNewswire News Room· 2024-10-02 22:30
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 ...
Grupo Aeroportuario del Pacifico Announces Credit Line Refinancing for USD$40.0 Million
GlobeNewswire News Room· 2024-09-26 21:24
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]
Grupo Aeroportuario Del Pacífico: Short-Term Struggles, Long-Term Gains - Time To Buy?
Seeking Alpha· 2024-09-09 13:56
I 9 un Feverpitched In September 2023, I covered Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) ("GAP") for the first time with a buy rating. The stock performance has not been what we were looking for as stock prices declined around 5% while the markets returned over 20%. That underperformance is driven by higher concession fees and changes to the passenger fees that caused a steep drop to share prices of Mexican airport operators in October 2023 and most airport stocks have not been able to o ...
Grupo Aeroportuario del Pacifico Reports in August 2024 a Passenger Traffic Decrease of 7.2% Compared to 2023
GlobeNewswire News Room· 2024-09-04 23:14
GUADALAJARA, Mexico, Sept. 04, 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 August 2024, compared with August 2023. For August 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 7.4%, compared to August 2023. Los Cabos, Tijuana, Puerto Vallarta and Guadalajara airports presented a decrease in passenger traffic of 11.1%, 8.4%, 5.9% and ...
Grupo Aeroportuario del Pacifico Announces Master Development Program and Maximum Tariffs for Its Mexican Airports for the 2025-2029 Period
GlobeNewswire News Room· 2024-08-27 22:26
GUADALAJARA, Mexico, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") that it has concluded the ordinary review process for the Master Development Program ("MDP") and Maximum Tariffs for its airports in Mexico, approved by the Ministry of Infrastructure, Communications and Transportation (Secretaría de Infraestructura, Comunicaciones y Transportes "SICT"), through the Federal Civil Aviation Agency (Agencia Federal de Aviación ...
Grupo Aeroportuario del Pacifico Announces Publication of Green Bond Report
GlobeNewswire News Room· 2024-07-31 01:29
GUADALAJARA, Mexico, July 30, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC; BMV: GAP) ("the Company" or "GAP") informs that today it published its Green Bond Report, following GAP's Green Bond Framework, which provides information on the allocation of resources and the impact of the projects financed with the Green Bond issued on October 15, 2021, with the ticker symbol GAP 21V for Ps. 1,500 million. Company Description This press release may contain forward-looking s ...
Grupo Aeroportuario del Pacifico Announces Amendments to the Concession Agreement of Jamaican Airports
GlobeNewswire News Room· 2024-07-26 21:13
Montego Bay Airport: The Concession Period will expire thirty-one (31) years after the commencement date, in March 2034. This represents one additional year to the original Concession Period. Company Description In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the "Ley del Mercado de Valores", GAP has implemented a "whistleblower" program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The ...
Grupo Aeroportuario del Pacifico(PAC) - 2024 Q2 - Earnings Call Transcript
2024-07-25 01:47
Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Guilherme Mendes - JPMorgan Rodolfo Ramos - Bradesco BBI Jens Spiess - Morgan Stanley Fernanda Recchia - BTG Jay Singh - Citi Gabriel Himelfarb - Scotiabank Andressa Varotto - UBS Andreas Carrera - GBM Pablo Monsivais - Barclays Alan Macias - Bank of America Alejandra Soto Thank you, Maria, and thank you to our audience for joining us today. As always, we appreciate your continued support a ...
Grupo Aeroportuario del Pacifico Announces Results for the Second Quarter of 2024
GlobeNewswire News Room· 2024-07-23 01:36
Recent events | --- | --- | --- | --- | |------------------|------------------|---------------|-------| | 2Q23 \n260,242 | 2Q24 \n290,715 | Change \n11.7 | % | | 139,456 | 204,578 | 46.7 | % | | 195,434 | 183,384 | (6.2 | %) | | 184,636 | 159,927 | (13.4 | %) | | 88,315 | 120,804 | 36.8 | % | | 43,951 | 60,577 | 37.8 | % | | 59,020 | 55,367 | (6.2 | %) | | 47,684 | 46,676 | (2.1 | %) | | 29,893 | 27,559 | (7.8 | %) | | 1,048,632 | 1,149,586 | 9.6 | % | Operating costs decreased by Ps. 727.7 million, or 19.8 ...