Grupo Aeroport Stock Price, News & Analysis

Grupo Aeroportuario del Pacífico (PAC) has declared a capital stock reduction payment of Ps. 7.80 per share as of September 27, 2021. This payment was approved in an Extraordinary Shareholders’ Meeting on September 14, 2021, marking its thirty-first distribution to shareholders. The payment will be managed through S.D. INDEVAL, S.A. de C.V. GAP operates 12 airports in Mexico, including key cities like Guadalajara and Tijuana, and has expanded its operations internationally. The press release also mentions forward-looking statements regarding the company's future performance.

Grupo Aeroportuario del Pacífico (PAC) announced a capital reduction payment of Ps. 7.80 per share, set for September 28, 2021. This decision was made during an Extraordinary Shareholders' Meeting on September 14, 2021, marking the 31st such payment for the company. PAC operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as key tourist destinations.

On September 14, 2021, Grupo Aeroportuario del Pacífico (PAC) held its Ordinary and Extraordinary Shareholders’ Meetings with a quorum of 88.8% and 88.6%. Key resolutions included an approval for a share repurchase increase of Ps. 2 billion, in addition to the previously sanctioned Ps. 3 billion. The Extraordinary Meeting approved a capital reduction of Ps. 7.80 per share, amendments to the Acquisitions Committee rules, and the possibility of virtual Board meetings. These changes reflect GAP's commitment to enhancing shareholder value and governance.

Grupo Aeroportuario del Pacífico (PAC) reported a 1.9% decline in terminal passenger traffic for August 2021 compared to the same month in 2019. Despite this, Tijuana, Los Cabos, and Puerto Vallarta saw increases of 13.8%, 8.9%, and 2.0%, respectively. In contrast, Guadalajara and Guanajuato experienced declines of 13.0% and 15.0%. Year-to-date comparisons showed a notable recovery, with domestic traffic rising 12.1% and international traffic increasing 25.4% compared to 2019 levels. The company has noted an increase in available seats by 49.8% from August 2020, with load factors climbing to 77.5%.

Grupo Aeroportuario del Pacífico (PAC) reported July 2021 passenger traffic figures, showing a 1.6% decline from July 2019. Key airports like Puerto Vallarta, Los Cabos, and Tijuana saw increases of 14.4%, 11.1%, and 10.7%, respectively, while Guadalajara and Hermosillo faced decreases of 14.4% and 14.8%. Domestic and international passenger traffic rose significantly compared to July 2020, with load factors reaching 85.7%. New routes were announced from Puerto Vallarta to Dallas, Houston, Los Angeles, and Puebla, reflecting ongoing recovery trends amid international travel restrictions.

Grupo Aeroportuario del Pacífico (PAC) has announced a General Ordinary and Extraordinary Shareholders’ Meeting scheduled for September 14, 2021. Key agenda items include a proposal to increase the share repurchase program by an additional Ps. 2 billion, on top of the previously approved Ps. 3 billion. The Extraordinary Meeting will address a proposal to reduce shareholders’ equity by Ps. 7.80 per share. Shareholders must register and obtain admission cards to participate, with a deadline of three business days prior to the meeting.

Grupo Aeroportuario del Pacífico (PAC) reported significant recovery metrics for 2Q21, with a 345.4% increase in revenues compared to 2Q20, totaling Ps. 4,895.7 million. Passenger traffic surged by 562.6% year-over-year, although it remains 23.4% below pre-pandemic levels. The company generated a positive EBITDA of Ps. 2,797.1 million, reflecting an EBITDA margin increase to 57.1%. Despite ongoing COVID-19 impacts, PAC's financial position remains stable with cash holdings of Ps. 15,503 million.

Grupo Aeroportuario del Pacífico (PAC) reported preliminary passenger traffic for June 2021, showing a 2.2% decrease from June 2019. Key airports, including Los Cabos, Tijuana, and Puerto Vallarta, saw increases in traffic of 14.9%, 10.4%, and 2.8%, respectively. Guadalajara and Guanajuato airports experienced significant declines of 14.3% and 14.4%. Notably, June 2021's load factor rose to 82.9%, up from 38.9% in June 2020, with a 98.3% increase in available seats. New routes were introduced, enhancing service connectivity.

Grupo Aeroportuario del Pacífico (PAC) reported preliminary passenger traffic data for May 2021, revealing a 4.6% decrease compared to May 2019 across its 12 airports in Mexico. Tijuana and Los Cabos airports showed positive trends with increases of 14.3% and 9.1%, respectively. However, Guadalajara and Puerto Vallarta airports experienced declines of 15.2% and 6.3%. Year-to-date, total passenger traffic improved by 27.6% compared to the same period in 2020, attributed to a significant increase in seat availability and load factors rising to 81.7%.