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 24.6% increase in terminal passenger traffic for November 2022 compared to November 2019, with total traffic at 2.93 million passengers. Major increases were noted in Tijuana (+49.0%), Puerto Vallarta (+31.1%), and Los Cabos (+26.4%). The company observed a 23.9% rise in available seats and an 80.3% load factor. International traffic also rose by 20.5%. GAP operates 12 airports across Mexico’s Pacific region. The report reflects recovery trends post-COVID-19 and the introduction of new routes, including Guadalajara to Orlando and Puerto Vallarta to Edmonton.
Grupo Aeroportuario del Pacífico (PAC) announced the payment of the final dividend installment of Ps.7.20 per share, following the approval at the Annual General Meeting on April 22, 2022. This is part of the ongoing commitment to return value to shareholders, marking the thirty-third dividend distribution.
GAP operates 12 airports in Mexico, including major cities like Guadalajara and Tijuana, and has expanded its holdings in Jamaica with the acquisition of Sangster and Norman Manley International Airports.
Grupo Aeroportuario del Pacífico (PAC) announced a drawdown of Ps. 1.5 billion from a credit facility with Scotiabank Inverlat, with a 12-month term and a possible 6-month extension. The variable interest rate is TIIE-28 plus 38 basis points, with principal due at maturity. The funds will finance capital investments and support general corporate purposes. GAP operates 12 airports in Mexico's Pacific region, enhancing its infrastructure and operational capacity to bolster growth opportunities.
Grupo Aeroportuario del Pacífico (PAC) reported a 22.6% increase in terminal passenger traffic for October 2022 compared to the same month in 2019. Major airports like Puerto Vallarta and Tijuana saw notable growth of 41.9% and 38.4%, respectively. Cumulatively, from January to October 2022, total passengers rose by 14.4% compared to the same period in 2019. The airline industry is witnessing a recovery, as evidenced by an 18.9% increase in available seats. Load factors also improved from 73.9% to 81.3% year-over-year.
Grupo Aeroportuario del Pacífico (PAC) announced the payment of Ps. 2,300 million for its "GAP 17-2" debt securities, totaling 23 million long-term securities. This payment was financed through proceeds from long-term debt securities issued on September 26, 2022. The company operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations. It's important to note that the release mentions potential risks associated with forward-looking statements regarding future operations and financial conditions.
Grupo Aeroportuario del Pacífico (PAC) is set to complete its final dividend payment of Ps. 7.20 per share on November 17, 2022. This payment fulfills the dividend distribution approved during the Annual General Ordinary Shareholders’ Meeting on April 22, 2022. With 12 airports in operation across Mexico and interests in international airports, GAP demonstrates its commitment to providing returns to shareholders. The WHISTLEBLOWER program enhances corporate governance, ensuring compliance and accountability.
Grupo Aeroportuario del Pacífico (PAC) reported robust Q3 2022 results, with total revenues up by 27.6% year-over-year, totaling Ps. 6,752.0 million. Aeronautical services revenues surged by 34.2%, while non-aeronautical services grew by 28.2%. EBITDA reached Ps. 4,085.0 million, reflecting a 31.8% increase. Cash and cash equivalents as of September 30, 2022, were Ps. 16,157.6 million, a 51.7% increase from the previous year. The company also opened new domestic and international routes, contributing to a 24.6% rise in passenger traffic compared to Q3 2021.
Grupo Aeroportuario del Pacífico (PAC) reported a 23.8% increase in total terminal passenger traffic for September 2022 compared to September 2019. Key airports such as Puerto Vallarta and Los Cabos experienced substantial growth, with 54.0% and 47.5% increases respectively. The total number of passengers across GAP’s 12 airports reached 2,656,900 in September 2022, reflecting a 20.3% rise compared to the same month in 2019. Additionally, new routes were announced, enhancing connectivity in Mexico’s Pacific region.
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.
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