Grupo Aeroportuario del Pacifico Reports in December 2024 a Passenger Traffic Increase of 2.9% Compared to 2023
Rhea-AI Summary
Grupo Aeroportuario del Pacifico (PAC) reported a 2.9% increase in total terminal passengers for December 2024 compared to December 2023. Guadalajara and Tijuana airports showed growth of 8.2% and 2.7% respectively, while Puerto Vallarta and Los Cabos experienced decreases of 1.8% and 0.9%. Montego Bay saw a 5.6% decline.
The company's load factors improved from 80.4% to 85.5%, despite a 3.1% decrease in available seats. For the full year 2024, total passenger traffic decreased by 2.1% compared to 2023. Notable expansions included multiple new routes from Guadalajara to various domestic and international destinations, operated by carriers including Viva, Volaris, Alaska Airlines, and Aeromexico.
Positive
- Load factor improved from 80.4% to 85.5% in December 2024
- Monthly passenger traffic increased 2.9% in December 2024
- Significant route expansion with multiple new destinations from Guadalajara
- International passenger traffic grew 4.1% in December 2024
Negative
- Overall 2.1% decrease in total passenger traffic for full year 2024
- Available seats decreased by 3.1% in December 2024
- Montego Bay traffic declined 5.6% in December 2024
- Mexicali airport showed significant decline of 29.2% in December 2024
News Market Reaction – PAC
In the trading session that priced this news, PAC gained 2.13%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GUADALAJARA, Mexico, Jan. 06, 2025 (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 December 2024, compared with December 2023.
For December 2024, the total number of terminal passengers at GAP’s 12 Mexican airports increased by
| Domestic Terminal Passengers (in thousands): | ||||||
| Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
| Guadalajara | 1,030.4 | 1,083.7 | 12,502.9 | 11,939.5 | ( | |
| Tijuana* | 711.6 | 714.6 | 8,870.4 | 8,431.6 | ( | |
| Los Cabos | 252.9 | 251.4 | ( | 2,965.7 | 2,830.4 | ( |
| Puerto Vallarta | 230.6 | 248.5 | 2,860.1 | 2,841.9 | ( | |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 190.9 | 190.7 | ( | 2,345.6 | 2,116.6 | ( |
| Hermosillo | 183.5 | 190.9 | 2,114.3 | 2,074.4 | ( | |
| Kingston | 0.2 | 0.4 | 1.8 | 2.9 | ||
| Morelia | 66.6 | 65.4 | ( | 795.8 | 645.9 | ( |
| La Paz | 105.1 | 108.6 | 1,102.0 | 1,191.9 | ||
| Mexicali | 147.1 | 104.0 | ( | 1,596.7 | 1,026.9 | ( |
| Aguascalientes | 52.9 | 56.6 | 639.7 | 636.1 | ( | |
| Los Mochis | 43.8 | 57.8 | 463.8 | 577.4 | ||
| Manzanillo | 11.8 | 12.2 | 112.8 | 128.3 | ||
| Total | 3,027.3 | 3,084.7 | 1.9% | 36,371.5 | 34,443.8 | (5.3%) |
| International Terminal Passengers (in thousands): | ||||||
| Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
| Guadalajara | 531.6 | 606.9 | 5,207.4 | 5,909.1 | ||
| Tijuana* | 395.6 | 422.3 | 4,324.5 | 4,114.1 | ( | |
| Los Cabos | 448.0 | 443.1 | ( | 4,749.8 | 4,657.8 | ( |
| Puerto Vallarta | 467.4 | 437.0 | ( | 3,927.6 | 3,961.6 | |
| Montego Bay | 495.0 | 467.4 | ( | 5,211.7 | 5,057.0 | ( |
| Guanajuato | 83.6 | 109.5 | 875.2 | 1,052.4 | ||
| Hermosillo | 7.3 | 6.9 | ( | 75.5 | 82.5 | |
| Kingston | 155.8 | 177.0 | 1,746.3 | 1,774.3 | ||
| Morelia | 49.9 | 66.6 | 588.5 | 658.8 | ||
| La Paz | 1.1 | 2.2 | 13.9 | 14.1 | ||
| Mexicali | 0.5 | 0.6 | 6.9 | 7.3 | ||
| Aguascalientes | 25.7 | 29.9 | 288.3 | 325.7 | ||
| Los Mochis | 0.7 | 0.6 | ( | 6.9 | 7.8 | |
| Manzanillo | 10.2 | 12.3 | 67.7 | 90.1 | ||
| Total | 2,672.4 | 2,782.3 | 4.1% | 27,090.2 | 27,712.6 | 2.3% |
| Total Terminal Passengers (in thousands): | ||||||
| Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
| Guadalajara | 1,562.0 | 1,690.6 | 17,710.2 | 17,848.7 | ||
| Tijuana* | 1,107.2 | 1,136.9 | 13,194.9 | 12,545.8 | ( | |
| Los Cabos | 700.9 | 694.5 | ( | 7,715.5 | 7,488.2 | ( |
| Puerto Vallarta | 698.0 | 685.5 | ( | 6,787.7 | 6,803.5 | |
| Montego Bay | 495.0 | 467.4 | ( | 5,211.7 | 5,057.0 | ( |
| Guanajuato | 274.5 | 300.1 | 3,220.8 | 3,169.0 | ( | |
| Hermosillo | 190.7 | 197.7 | 2,189.9 | 2,156.9 | ( | |
| Kingston | 155.9 | 177.4 | 1,748.1 | 1,777.1 | ||
| Morelia | 116.5 | 132.0 | 1,384.3 | 1,304.6 | ( | |
| La Paz | 106.2 | 110.8 | 1,115.8 | 1,206.0 | ||
| Mexicali | 147.7 | 104.6 | ( | 1,603.6 | 1,034.1 | ( |
| Aguascalientes | 78.6 | 86.5 | 928.0 | 961.8 | ||
| Los Mochis | 44.5 | 58.4 | 470.7 | 585.2 | ||
| Manzanillo | 22.1 | 24.5 | 180.5 | 218.4 | ||
| Total | 5,699.7 | 5,867.1 | 2.9% | 63,461.7 | 62,156.4 | (2.1%) |
| *Passengers in Tijuana who use CBX in both directions are classified as international. | ||||||
| CBX users (in thousands): | ||||||
| Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
| Tijuana | 391.5 | 414.3 | 4,288.0 | 4,048.6 | ( | |
Highlights for the month:
- Seats and load factors: The seats available during December 2024 decreased by
3.1% , compared to December 2023. The load factors for the month went from80.4% in December 2023 to85.5% in December 2024.
- New routes:
- Guadalajara – Mexicali: Viva
- Guadalajara – Ciudad Obregon: Viva
- Guadalajara – Torreon: Viva
- Guadalajara – Puerto Escondido: Viva
- Guadalajara – Tulum: Volaris
- Guadalajara – Oakland: Viva
- Guadalajara – Las Vegas: Viva
- Guadalajara – San Antonio: Viva
- Guadalajara – Fresno: Alaska
- Guadalajara – Dallas-Fort Worth: Viva
- Guadalajara – Las Vegas: Aeromexico
- Guadalajara – Miami: Aeromexico
- Guadalajara – Orlando: Aeromexico
- Guadalajara – Denver: Aeromexico
- Mexicali – Guadalajara: Viva
- Manzanillo – Los Angeles: Aeromexico
- Montego Bay – Lima: LATAM
- Kingston – Fort Lauderdale: Caribbean Airlines
Company Description
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 symbol “GAP”. In April 2015, GAP acquired
| This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. | ||
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 telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
| Alejandra Soto, Investor Relations and Social Responsibility Officer | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx / +52 33 3880 1100 ext. 20294 |
