Grupo Aeroportuario del Pacifico(PAC)

Search documents
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
Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 7.4% decrease in total terminal passenger traffic for August 2024 compared to August 2023, with significant declines at major airports [2][5] - Domestic passenger traffic saw a decline of 10.8% in August 2024, while international passenger traffic decreased by 1.5% during the same period [5][4] Domestic Passenger Traffic Summary - Guadalajara airport experienced an 8.6% decrease in domestic passengers, totaling 1,050.5 thousand in August 2024 [3] - Tijuana airport saw a significant drop of 11.5%, with 780.2 thousand passengers [3] - Los Cabos and Puerto Vallarta airports reported decreases of 8.8% and 2.0%, respectively [3] - Guanajuato airport had the largest decline at 19.7%, totaling 187.6 thousand passengers [3] - Total domestic passengers from January to August 2024 decreased by 7.3% compared to the same period in 2023 [3] International Passenger Traffic Summary - Guadalajara airport recorded a 9.6% increase in international passengers, reaching 501.7 thousand in August 2024 [4] - Tijuana airport's international traffic remained relatively stable with a slight decrease of 0.7% [4] - Los Cabos and Puerto Vallarta airports experienced declines of 13.2% and 11.6%, respectively [4] - Total international passengers from January to August 2024 increased by 2.2% compared to the same period in 2023 [4] Overall Passenger Traffic Summary - The total number of terminal passengers across GAP's airports decreased by 10.8% in August 2024, totaling 3,117.7 thousand [5] - Year-to-date total terminal passengers from January to August 2024 decreased by 3.1% compared to the same period in 2023 [5] Operational Highlights - The number of available seats in August 2024 decreased by 10.4% compared to August 2023, while load factors improved from 81.4% to 84.3% [6] - The company operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations [7]
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 Amendments to the Concession Agreement of Jamaican Airports
GlobeNewswire News Room· 2024-07-26 21:13
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, as well as tourist destinations such as Puerto Vallarta and Los Cabos [6] - GAP's shares are listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under "GAP" [6] - In April 2015, GAP acquired a 100% stake in Desarrollo de Concessioner Aeroportuarias, S.L., which operates Sangster International Airport in Montego Bay, Jamaica [6] Recent Developments - GAP signed amendments to the Concession Agreement with the Airports Authority of Jamaica (AAJ) for Montego Bay and Kingston Airports due to impacts from the COVID-19 pandemic [4] - The concession fee for Kingston Airport has been reduced from 62.01% of Gross Revenues to 53.22%, effective September 11, 2023 [4] - Any excess amounts paid to AAJ will be reimbursed to the Concessionaire once the runway extension project begins, with the benefit recognized retroactively in the 2024 Income Statement [4] Regulatory Compliance - GAP has implemented a "whistleblower" program in accordance with the Sarbanes-Oxley Act of 2002, allowing anonymous reporting of suspected criminal conduct or violations [3]
Grupo Aeroportuario del Pacífico Announces Credit Line Refinancing for Ps. 1.0 Billion
GlobeNewswire News Room· 2024-07-10 23:45
GUADALAJARA, Mexico, July 10, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") announces that it completed the refinancing of the credit facility that matured today with Banco Nacional de México, S.A., ("Citibanamex") for Ps. 1.0 billion, extending the maturity by 12 additional months. The interest will be payable monthly at a variable rate of TIIE28 plus 18 basis points, without fees, and principal payment on July 10, 2025. Alejandra ...
Grupo Aeroportuario del Pacífico Announces Payment Date for the First Installment of the Capital Stock Reduction Approved at the Extraordinary Shareholders' Meeting
GlobeNewswire News Room· 2024-07-09 01:01
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under the ticker ...
Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races
CNBC· 2024-06-26 16:29
In this article Jakub Porzycki | Nurphoto | Getty Images Fairshake PAC, which supports candidates across the political spectrum whose positions align with the crypto industry's, will enter the general election campaign season with more than $100 million that it plans to spend to elect pro-crypto lawmakers to the House and Senate. U.S. Representative Jamal Bowman (D-NY) joins TikTok creators at a news conference to speak out against a possible ban of TikTok at the House Triangle at the United States Capitol ...
Grupo Aeroportuario del Pacifico Announces a Drawdown of a Credit Line for Ps. 875.0 Million
GlobeNewswire News Room· 2024-06-20 22:47
GUADALAJARA, Mexico, June 20, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") announces that yesterday drawdown of Ps. 875.0 million from a credit facility with BBVA México, S.A., at a 12-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 20 basis points, and principal payment due upon maturity on June 19, 2025, without fees. Proceeds from this loan will be allocated to pay and close the acquisition of 51. ...