Grupo Aeroport Stock Price, News & Analysis

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%.

Grupo Aeroportuario del Pacífico (PAC) has announced a capital reduction payment of Ps. 3.8230950615 per outstanding share, effective May 27, 2021. This payment marks the thirtieth such distribution to its shareholders, as approved in the General Extraordinary Shareholders’ Meeting on April 27, 2021. The funds will be distributed through S.D. INDEVAL, S.A. de C.V. The company operates 12 airports across Mexico's Pacific region, including major cities and tourist destinations.

Grupo Aeroportuario del Pacífico (PAC) announced the prepayment of loans totaling Ps. 2.0 billion to Scotiabank and BBVA, aimed at enhancing its financial position. The loan to Scotiabank, due July 2021, was repaid using resources from a recent bond issuance, while the payment to BBVA, due May 2022, utilized the company's own funds. Both loans were secured during the pandemic for general corporate purposes. This strategic move underscores PAC's commitment to maintaining sound financial management amid ongoing uncertainties in the aviation sector.

Grupo Aeroportuario del Pacifico (PAC) announced a capital reduction payment of Ps. 3.8230950615 per share, set for May 28, 2021. This follows the approval at the General Extraordinary Shareholders’ Meeting on April 27, 2021, marking the thirty such payment for the company. Grupo Aeroportuario del Pacifico operates 12 airports in Mexico's Pacific region, including significant cities and tourist destinations. Their shares are traded on the NYSE and BMV, and the company has been involved in international operations in Jamaica.