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 ...

Core Viewpoint Grupo Aeroportuario del Pacífico (GAP) reported a mixed performance in its third quarter of 2024, with total revenues increasing by 11.4% year-over-year, driven by a significant rise in non-aeronautical revenues, while aeronautical revenues faced a decline due to reduced passenger traffic. Financial Performance - Total revenues increased by Ps. 839.7 million, or 11.4%, from Ps. 7,392.9 million in 3Q23 to Ps. 8,232.7 million in 3Q24 [1] - Aeronautical services revenues decreased by Ps. 184.7 million, or 3.8%, while non-aeronautical services revenues increased by Ps. 587.5 million, or 38.7% [11][12] - EBITDA increased by Ps. 237.8 million, or 5.6%, from Ps. 4,629.9 million in 3Q23 to Ps. 4,507.6 million in 3Q24 [1][10] - Comprehensive income rose by Ps. 69.1 million, or 2.7%, from Ps. 2,551.4 million in 3Q23 to Ps. 2,620.6 million in 3Q24 [2][21] Passenger Traffic - Total passengers at the Company's 14 airports decreased by 923.2 thousand, or 5.7%, compared to 3Q23 [4][5] - Domestic passenger traffic showed declines across several airports, with Guadalajara down 4.6% and Tijuana down 9.9% [4][7] - International passenger traffic at Guadalajara increased by 11.2%, while Tijuana saw a decrease of 2.4% [6][7] Revenue Breakdown - Non-aeronautical revenues were significantly boosted by the consolidation of cargo and free trade zone businesses, contributing Ps. 354.1 million starting July 2024 [3][12] - Revenues from improvements to concession assets increased by Ps. 436.9 million, or 41.1%, compared to 3Q23 [15][16] Cost Structure - Total operating costs increased by Ps. 769.5 million, or 20.6%, primarily due to higher costs associated with improvements to concession assets and the consolidation of new business lines [17][18] - The cost of services rose by Ps. 251.9 million, or 21.3%, with significant increases in employee costs and maintenance expenses [18][19] Financial Position - As of September 30, 2024, the Company reported cash and cash equivalents of Ps. 15,828.0 million [3] - The Company refinanced credit facilities totaling Ps. 1,000.0 million and USD$40.0 million during 3Q24 [3] Market Context - The decline in aeronautical revenues was attributed to reduced passenger traffic, particularly due to engine reviews affecting airlines like Volaris and VivaAerobus [3][11] - The peso's depreciation against the U.S. dollar contributed to increased revenues from Jamaican airports, despite a decrease in passenger traffic [11][13]

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]

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 ...

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]

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has completed the ordinary review process for the Master Development Program (MDP) and Maximum Tariffs for its airports in Mexico, approved for the 2025-2029 period by the Ministry of Infrastructure, Communications and Transportation [1] Tariff Summary - The maximum tariffs per workload unit for each airport were established by the Federal Civil Aviation Agency (AFAC) based on traffic projections, operating costs, and capital investments outlined in the MDP [2] - The applicable maximum tariffs per workload unit for the years 2025 to 2029 are as follows: - Guadalajara: 349.44 (2025), 346.65 (2027), 343.87 (2028), 341.12 (2029), 338.39 - Tijuana: 266.45, 264.31, 262.20, 260.10, 258.02 - Los Cabos: 524.20, 520.01, 515.85, 511.72, 507.63 - Puerto Vallarta: 522.06, 517.88, 513.74, 509.63, 505.55 - Guanajuato: 349.61, 346.82, 344.04, 341.29, 338.56 - Mexicali: 252.45, 250.43, 248.43, 246.44, 244.47 - La Paz: 287.13, 284.83, 282.55, 280.29, 278.05 - Morelia: 412.49, 409.19, 405.92, 402.67, 399.45 - Hermosillo: 261.29, 259.20, 257.13, 255.07, 253.03 - Aguascalientes: 270.36, 268.20, 266.05, 263.93, 261.81 - Los Mochis: 296.10, 293.73, 291.38, 289.05, 286.74 - Manzanillo: 357.18, 354.32, 351.49, 348.67, 345.88 [3][4] Investment Commitments - Committed investments according to the approved MDP are expressed in thousands of pesos as of December 31, 2022, and will be updated based on the National Producer Price Index (NPPI) for the construction sector: - Total committed investments for 2025-2029 amount to 43,184,959 thousand pesos, with significant allocations to Guadalajara (18,884,469), Tijuana (7,970,578), and Los Cabos (5,614,145) [5][6]