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Grupo Aeroportuario Del Pacifico SAB de CV - PAC STOCK NEWS

Welcome to our dedicated news page for Grupo Aeroportuario Del Pacifico SAB de CV (Ticker: PAC), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroportuario Del Pacifico SAB de CV.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grupo Aeroportuario Del Pacifico SAB de CV's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grupo Aeroportuario Del Pacifico SAB de CV's position in the market.

Rhea-AI Summary
Grupo Aeroportuario del Pacífico (PAC) successfully completes a Ps. 3.0 billion bond issuance in Mexico. The issuance was oversubscribed by 2.4x, generating significant interest. The proceeds will be used to pay off previous bond certificates. The bond certificates were issued under two ticker symbols, 'GAP24-L' and 'GAP24-2L', with different interest rates and maturity dates. GAP also introduced Sustainability Performance Targets linked to the bond issuance, aiming to reduce greenhouse gas emissions and achieve airport certification levels. The issuance received top credit ratings in Mexico from Moody's and S&P, indicating strong financial stability and credibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) reports a 1.1% increase in terminal passenger traffic at its 12 Mexican airports in February 2024 compared to February 2023. Puerto Vallarta, Guanajuato, Los Cabos, and Guadalajara saw passenger traffic growth, while Montego Bay showed a significant increase. The company also highlights new routes and load factor improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico (PAC) announces General Ordinary and Extraordinary Shareholders' Meeting to discuss financial reports, net income allocation, share repurchase program, board member designations, and legal amendments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
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none
Rhea-AI Summary
Grupo Aeroportuario del Pacífico (PAC) reports positive financial results for Q4 2023, with total revenues increasing by 14.1%. Despite a 10.7% peso appreciation, aeronautical and non-aeronautical revenues grew. Passenger traffic increased by 2.5%, with new routes added. EBITDA decreased by 2.6%, and operating income margin dropped from 45.6% to 37.8%. Financial position remained strong with Ps. 10,055.2 million in cash and cash equivalents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
earnings
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announces a 1.6% decrease in total terminal passengers at its 12 Mexican airports for January 2024 compared to January 2023. While Puerto Vallarta and Guadalajara saw an increase in passenger traffic, Tijuana and Los Cabos experienced a decrease. Montego Bay, however, presented a significant increase in passenger traffic. The company also reported a 3.7% decrease in seats available for January 2024 due to engine revisions, but an increase in load factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) announced its growth guidance for 2024, including traffic, aeronautical and non-aeronautical revenues, EBITDA, EBITDA margin, and CAPEX. The company expects a 5-3% decline in traffic, a 4-2% decline in aeronautical revenues, a 12-14% increase in non-aeronautical revenues, and a 0-2% increase in total revenues. EBITDA is expected to decrease by 7-5%, with a 65% EBITDA margin. The company plans to invest approximately 9.0 billion in CAPEX to meet airport service demand, infrastructure expansion, and quality service improvements. The figures are based on the company's current expectations and are subject to change based on external factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) reports a 1.3% increase in total terminal passengers at its 12 Mexican airports for December 2023, compared to the same period in 2022. Puerto Vallarta, Los Cabos, and Guadalajara saw significant increases in passenger traffic, while Montego Bay experienced a notable 13.2% growth. The company also announced new routes and reported a 0.9% decrease in available seats during December 2023.
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Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announces a 0.4% increase in total terminal passengers at its 12 Mexican airports for November 2023 compared to the same period in 2022. Los Cabos and Puerto Vallarta experienced a growth in passenger traffic of 4.3% and 3.7%, respectively, while Montego Bay saw a 7.3% increase. The domestic terminal saw a 0.1% increase, and the international terminal saw a 1.6% increase in passenger traffic for the same period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) will complete the fourth and final portion of the dividend payment on December 14th, 2023, equivalent to Ps. 3.71 per outstanding share. The company operates 12 airports in Mexico's Pacific region and has fully complied with dividend distributions approved at the Annual General Ordinary Shareholders’ Meeting. GAP's shares are listed on the NYSE under the ticker symbol 'PAC' and on the Mexican Stock Exchange under the ticker symbol 'GAP'. In 2015, GAP acquired Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, operating Sangster International Airport in Montego Bay, Jamaica. In 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in 2019.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
dividends
Rhea-AI Summary
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) announces a drawdown of Ps. 1.5 billion from a credit facility with Banco Santander México, S.A. at a 12-month term. Interest payable monthly at a variable rate of TIIE-28 plus 38 basis points. The loan will be used to pay off a credit facility with Scotiabank Inverlat, S.A.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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Grupo Aeroportuario Del Pacifico SAB de CV

NYSE:PAC

PAC Rankings

PAC Stock Data

8.24B
409.49M
13.66%
0.21%
Scheduled Passenger Air Transportation
Transportation and Warehousing
Link
Mexico
Guadalajara

About PAC

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., known as GAP, is a Mexican airport operator headquartered in Guadalajara, Mexico.