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 (GAP) operates 13 airports across Mexico's Pacific corridor and Jamaica, driving regional connectivity through strategic infrastructure management. This news hub provides investors and industry stakeholders with timely updates on operational developments, financial disclosures, and strategic initiatives shaping Latin America's aviation sector.
Key resources include: Earnings reports detailing aeronautical/non-aeronautical revenue streams, concession agreement updates, and expansion projects enhancing passenger capacity. Track infrastructure investments governed by IFRIC 12 standards and service improvements across key hubs like Guadalajara and Montego Bay.
Bookmark this page for verified updates on terminal expansions, cargo facility upgrades, and partnership announcements. Our curated news collection supports informed analysis of GAP's market position in Mexico's growing aviation sector and Caribbean expansion strategy.
Grupo Aeroportuario del Pacífico (PAC) reported a 19.8% increase in terminal passenger traffic for August 2022 compared to August 2019. Notable increases were seen in Tijuana (43.2%), Puerto Vallarta (37.3%), and Los Cabos (29.6%). Domestic passenger traffic rose by 12.9% year-to-date compared to 2019, while international traffic saw a 14.2% increase. The company also noted a 22.7% rise in available seats from August 2021, reflecting the growing demand and an improved load factor of 80.2% for the month.
Grupo Aeroportuario del Pacífico (PAC) reported a significant increase in terminal passenger traffic for July 2022, with an 18.9% rise compared to July 2019. This growth is driven by strong performances in Tijuana (44.4%), Puerto Vallarta (39.9%), Los Cabos (25.1%), and Guadalajara (4.2%). Overall, total terminal passengers reached 3,026.6 thousand, representing a 15.9% increase since July 2019. The load factor improved to 82.8%, up from 77.9% in July 2021. New routes introduced include Guadalajara to Toluca and Los Cabos to Madrid, enhancing connectivity.
Grupo Aeroportuario del Pacífico (PAC) reported strong financial results for the second quarter of 2022, with total revenues increasing by 35.0% to Ps. 6,610.1 million compared to Q2 2021. Aeronautical and non-aeronautical services revenues rose by 43.0% and 44.7%, respectively. EBITDA surged by 45.9% to Ps. 4,081.7 million, resulting in an EBITDA margin of 61.7%. Passenger traffic showed positive trends, up 27.6% from Q2 2021. The company maintained a solid cash position with Ps. 13,489.6 million, despite a decrease of 13.0% year-over-year.
Grupo Aeroportuario del Pacífico (PAC) reported a 15.4% increase in total terminal passenger traffic for June 2022 compared to 2019, and an 18.6% rise compared to 2021. The total passengers across its 12 Mexican airports reached 4.67 million, with notable increases at Puerto Vallarta (36.3%), Tijuana (32.3%), and Los Cabos (24.0%). Domestic terminal passengers grew by 13.4% compared to June 2019. The company also saw improved load factors at 81.6% and a 23.7% increase in available seats year-over-year. New routes were added from Montego Bay to Austin and Tampa.
Grupo Aeroportuario del Pacífico (PAC) reported a 13.7% increase in total terminal passenger traffic for May 2022 compared to May 2019. Key airports, including Puerto Vallarta and Tijuana, saw rises of 35.0% and 32.6% respectively. Year-to-date figures also improved, with total traffic up 11.8% year-on-year. Notably, the load factor increased from 77.1%% in May 2021 to 81.9%% in May 2022, indicating higher operational efficiency. New routes have been added, reflecting ongoing expansion in services.
On May 17, 2022, Grupo Aeroportuario del Pacífico (PAC) announced a dividend payment of Ps.7.20 per share, following approval at the Annual General Ordinary Shareholders’ Meeting held on April 22, 2022. This marks the thirty-second dividend payment. The company operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations like Puerto Vallarta and Los Cabos.
Grupo Aeroportuario del Pacífico (PAC) reported April 2022 terminal passenger traffic showing a 14.6% increase compared to April 2019. Key airports like Tijuana and Puerto Vallarta saw significant growth with increases of 35.3% and 24.1%, respectively. Total terminal passengers rose to 2,659.7 thousand in April 2022, up 13.9% year-over-year, with a 12.0% increase for the January-April period. The number of available seats increased by 33.3%, pushing load factors up to 81.4%. GAP continues to expand, adding new routes for future growth.
Grupo Aeroportuario del Pacífico (PAC) announced a dividend payment of Ps.14.40 per outstanding share, to be paid in installments. The first installment of Ps.7.20 per share will be distributed on May 16, 2022. This decision follows the resolution approved at the Annual General Ordinary Shareholders’ Meeting on April 22, 2022. GAP operates 12 airports in Mexico, including major cities like Guadalajara and Tijuana, and has expanded its international presence with holdings in Jamaican airports.
Grupo Aeroportuario del Pacífico (PAC) reported a strong recovery in its 1Q22 results, with passenger traffic up by 69.9% compared to 1Q21 and 5.8% versus 1Q19. Total revenues increased by 65.3%, totaling Ps. 6,012.6 million, driven by rising aeronautical and non-aeronautical revenues. EBITDA surged 111.0% to Ps. 3,708.4 million, reflecting a significant recovery in business performance. Cash and equivalents reached Ps. 16,899.9 million, up 14.7% from 2021. However, costs rose due to heightened operational activities. The company remains cautious about ongoing pandemic effects.
