Welcome to our dedicated page for Grupo Aeroport news (Ticker: PAC), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroport stock.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP), traded on the NYSE under the symbol PAC, regularly publishes detailed operational and financial updates that form the basis of this news feed. The company operates 12 airports in Mexico’s Pacific region, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz and Manzanillo, as well as mid-sized cities such as Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. It is also involved in the operation of Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston, Jamaica.
News about PAC often focuses on monthly and quarterly passenger traffic figures, broken down by domestic and international terminal passengers at each airport. These releases highlight growth rates, route performance, and the contribution of facilities such as Cross Border Xpress (CBX) at Tijuana, whose users are classified as international passengers. Investors and analysts can follow how traffic trends evolve across Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Montego Bay, Kingston, and other locations.
Another major theme in GAP’s news is route development. The company discloses new domestic and international routes launched by airlines at its airports, including connections from Mexican cities to destinations in North America, South America, and Europe. These announcements provide context on network expansion and changing travel patterns through GAP’s airports.
GAP’s news flow also covers financial results and corporate actions, such as quarterly earnings prepared under IFRS, bond issuances, credit line refinancings, and shareholder decisions on corporate restructuring, including the business combination involving Cross Border Xpress and technical assistance and technology transfer services.
Operational resilience and risk events are another recurring topic. Multiple releases describe the impact of Hurricane Melissa on Jamaican airports, detailing temporary suspensions, phased resumption of humanitarian and commercial flights, and recovery efforts. Readers who follow PAC news gain insight into how the company manages its airport network under both normal conditions and during disruptions.
Grupo Aeroportuario del Pacífico (PAC) has announced a General Ordinary Shareholders’ Meeting scheduled for May 22, 2023, at Hilton Hotel, Guadalajara. The agenda includes the designation and ratification of Board members and the appointment of special delegates for formalizing resolutions. Shareholders must be registered and present an admission card to attend. The share registry will close three business days before the meeting. Proxy representation is allowed, but proper verification via company forms is required. Additionally, shareholders are granted access to all relevant documents prior to the meeting. The company operates 12 airports in Mexico’s Pacific region and has international operations in Jamaica as well.
Grupo Aeroportuario del Pacífico (PAC) reported strong financial results for the first quarter of 2023, with total revenues up 38.7% year-over-year, reaching Ps. 8.34 billion. Aeronautical revenues increased by 30.5%, while non-aeronautical revenues grew by 25.9%. The company's EBITDA rose 26.6% to Ps. 4.70 billion, despite an EBITDA margin decline from 61.7% to 56.3%. Comprehensive income fell by 4.1%, totaling Ps. 2.15 billion, primarily due to foreign exchange losses. Passenger traffic surged by 23.9%, with 3 million additional passengers at its 14 airports. Cash and cash equivalents stood at Ps. 18.89 billion. However, total operating costs increased by 48.6%, significantly driven by costs associated with improvements to concession assets. The company also faced rising interest expenses due to higher debt levels.
Grupo Aeroportuario del Pacífico (PAC) held its Annual General and Extraordinary Shareholders’ Meetings on April 13, 2023, with a quorum exceeding 87%. Key approvals included the financial results for 2022, reporting a net income of Ps. 8.88 billion, with a dividend of Ps. 14.84 per share to be paid from the retained earnings. The company approved a share repurchase program with a budget of Ps. 2.5 billion for the upcoming year. Additionally, the establishment of a Sustainability Committee was approved to enhance strategic sustainability goals. Shareholders ratified the compensation for Board members and reaffirmed board appointments, including Laura Diez Barroso as Chairwoman. A total of 7,024,113 treasury shares will be canceled. Overall, the outcomes signify a commitment to shareholder returns and corporate governance.
Grupo Aeroportuario del Pacífico (PAC) filed its annual report for the year ended December 31, 2022, with the Mexican National Banking and Securities Commission, the Mexican Stock Exchange, and the SEC. The documents are accessible via respective websites, including the company’s corporate site. GAP operates 12 airports in Mexico's Pacific region and has expanded its operations internationally, notably in Jamaica. The press release highlights the company's commitment to transparency and regulatory compliance, including the implementation of a whistleblower program as per the Sarbanes-Oxley Act.
Grupo Aeroportuario del Pacífico (PAC) reported a 14.2% increase in total terminal passenger traffic for March 2023, compared to the same month in 2022, across its 12 airports in Mexico. Key airports such as Guadalajara, Los Cabos, Puerto Vallarta, and Tijuana saw significant growth, with Guadalajara alone experiencing a 18.7% rise in domestic passengers. International traffic also rose by 17.1%, led by Montego Bay and Kingston, which reported 27.4% and 38.1% increases, respectively. Despite a 17.3% increase in available seats, the load factor slightly decreased to 79.7%.
Grupo Aeroportuario del Pacífico (PAC) announced the successful issuance of 54 million bond certificates in Mexico, totaling Ps. 5.4 billion. The issuance was oversubscribed 3.2x, with two types of certificates offered: GAP23-L and GAP23-2L. The former issued 11.2 million certificates due in 2026 with variable interest, while the latter issued 42.8 million certificates due in 2030 with a fixed rate of 9.65%. Proceeds will cover maturing bonds and invest in capital projects. The bonds received top credit ratings of Aaa.mx and mxAAA, reflecting strong financial health.
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