Grupo Aeroport Stock Price, News & Analysis

Grupo Aeroportuario del Pacífico (NYSE: PAC) has announced the successful payment of its "GAP 21" debt securities on May 2, 2025. The payment covered 25 million long-term debt securities with a face value of Ps. 100.0 each, totaling Ps. 2,500.0 million. The company funded this payment using proceeds from a long-term debt securities issuance completed on February 4, 2025.

GAP operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Grupo Aeroportuario Del Pacifico (PAC) reported strong Q1 2025 results with total revenues increasing 30.1% to reach Ps. 11.1 billion. The company saw a 4.2% rise in total passenger traffic across its 14 airports, handling 16.3 million passengers.

Key financial highlights include:

• Aeronautical revenues up 20.9% to Ps. 6.0 billion
• Non-aeronautical revenues grew 41.3% to Ps. 2.4 billion
• EBITDA increased 21.1% to Ps. 5.6 billion
• Net income rose 15.7% to Ps. 2.9 billion

The company expanded its route network with 13 new routes, including 10 international connections primarily operated by Alaska Airlines. Notable growth was seen in domestic passenger traffic (+9.1%), while international traffic slightly decreased (-0.7%). The company maintained a strong financial position with Ps. 16.2 billion in cash and successfully issued Ps. 6.0 billion in long-term bonds for refinancing and capital investments.

Grupo Aeroportuario del Pacifico (NYSE: PAC) held its Annual General Shareholders' Meeting with 88.5% quorum, where several key resolutions were adopted. The company reported net income of Ps. 8.28 billion for fiscal year 2024, which will be allocated to retained earnings.

Shareholders approved a significant dividend of Ps. 16.84 per share, to be paid within 12 months after April 24, 2025. The company also renewed its share repurchase program with a maximum amount of Ps. 2.5 billion for the next 12-month period.

The meeting included the ratification of board members and committee positions, with Laura Díez Barroso Azcárraga confirmed as Chairwoman. The company's financial statements were approved both on an unconsolidated basis (MFRS) and consolidated basis (IFRS), along with the 2024 Sustainability Report.

Grupo Aeroportuario del Pacifico (NYSE: PAC) has announced the filing of its 2024 annual report with Mexican regulatory authorities and Form 20-F with the SEC. The company operates a network of 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, along with tourist destinations such as Puerto Vallarta and Los Cabos.

PAC also maintains international presence through its operation of two Jamaican airports: Sangster International Airport in Montego Bay (acquired in 2015) and Norman Manley International Airport in Kingston (operated since 2019). The company's shares trade on both the New York Stock Exchange (PAC) and Mexican Stock Exchange (GAP).

Grupo Aeroportuario del Pacifico (NYSE: PAC) reported a 5.6% increase in total terminal passengers for March 2025 compared to March 2024, reaching 5.7 million passengers across its network. Domestic traffic showed strong growth of 12.6%, while international traffic decreased by 1.3%.

Key airport performance:

• Guadalajara: +10.4% (1.56M passengers)
• Tijuana: +5.6% (1.07M passengers)
• Los Cabos: +3.5% (784.6K passengers)
• Montego Bay: -7.7% (482.6K passengers)

The company's available seats increased by 9.0% compared to March 2024, though load factors decreased from 84.0% to 81.5%. New routes were launched including Guanajuato-Monterrey (Volaris), Puerto Vallarta-Sacramento (Southwest), Los Cabos-Nashville (Southwest), and Los Cabos-Oakland (Volaris).

Grupo Aeroportuario del Pacifico (NYSE:PAC) has announced that its subsidiary, MBJ Airports (MBJA), has successfully extended its USD$60.0 million credit line with the Bank of Nova Scotia and Bank of Nova Scotia Jamaica The extension pushes the maturity date to October 4, 2029.

The credit facility features a monthly interest rate of SOFR plus 200 basis points and will be repaid through ten equal semi-annual installments of USD$6.0 million each. The extension process included a commission fee of USD$300,000.

Grupo Aeroportuario del Pacifico (NYSE: PAC) has successfully refinanced its USD$40.0 million credit facility with Citibanamex that matured on March 21, 2025. The refinancing extends the maturity by 6 months to September 18, 2025, maintaining the same financial institution.

The new terms include monthly interest payments at a variable rate of SOFR plus 25 basis points, with no additional fees. GAP operates a network of 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, along with tourist destinations such as Puerto Vallarta and Los Cabos. The company also manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Grupo Aeroportuario del Pacifico (NYSE: PAC) has announced its General Ordinary Shareholders' Meeting scheduled for April 24, 2025, at the Hilton Midtown Hotel in Guadalajara, Mexico. Key agenda items include:

- Review of 2024 financial results and sustainability report
- Approval of net income allocation of Ps. 8.28 billion to retained earnings
- Proposed dividend of Ps. 16.84 per share from retained earnings of Ps. 18.86 billion
- Renewal of share repurchase program for Ps. 2.5 billion

The meeting will also address board member appointments, compensation, and audit committee matters. Shareholders must register and obtain admission cards to attend, with the share registry closing three business days prior to the meeting.

Grupo Aeroportuario del Pacifico (NYSE: PAC) reported mixed passenger traffic results for February 2025. The company's 12 Mexican airports saw a total passenger increase of 2.6% compared to February 2024.

Key performance highlights include:

• Guadalajara airport: +5.8% passenger growth
• Tijuana airport: +2.7% growth
• Los Cabos airport: -3.8% decline
• Puerto Vallarta airport: -1.8% decline
• Montego Bay airport: -9.6% decline

Overall seat capacity increased by 2.8%, while load factors decreased from 82.1% to 81.2% year-over-year. A new route was established between Montego Bay and Raleigh-Durham operated by Avelo.