Grupo Aeroport Stock Price, News & Analysis

Grupo Aeroportuario del Pacífico (PAC) reported a 30.0% increase in total terminal passenger traffic for January 2023 over January 2022, across its 12 Mexican airports.

Notable increases were observed in Puerto Vallarta (46.5%), Los Cabos (39.2%), Guadalajara (31.7%), and Tijuana (20.1%). International passenger traffic also surged by 38.8%, with Montego Bay showing a remarkable 67.6% increase.

New routes have been established, and overall seating capacity rose by 15.3%, leading to improved load factors which increased from 68.7% to 79.2%.

Grupo Aeroportuario del Pacífico (PAC) announced its 2023 guidance, projecting a 6%-8% increase in passenger traffic, 12%-14% growth in aeronautical revenue, and 13%-15% in non-aeronautical revenue. Total revenue is expected to rise by 12%-14%, with EBITDA forecasted to increase by 10%-12% while maintaining an EBITDA margin of 70% ± 1%. The company is allocating Ps. 10.2 billion for CAPEX investments under its development programs. These projections hinge on assumptions regarding industry growth, airline performance, and economic conditions, which may be subject to change due to external factors.

Grupo Aeroportuario del Pacífico (PAC) announced a drawdown of Ps. 1.0 billion from a credit facility with Citibanamex. The loan has an 18-month term with monthly interest payments at a variable rate of TIIE-28 plus 30 basis points, with principal due at maturity. Funds will be allocated for capital investments. GAP operates 12 airports in Mexico's Pacific region, including significant cities such as Guadalajara and Tijuana, and holds a stake in airports in Jamaica.

Grupo Aeroportuario del Pacífico (PAC) reported a 22.2% increase in terminal passenger traffic for December 2022 compared to pre-pandemic levels in December 2019. Major airports like Tijuana, Los Cabos, and Puerto Vallarta saw significant growth of 35.1%, 31.4%, and 28.9% respectively. Domestic traffic reached 3,093,126 passengers, while international traffic increased to 2,488,110 passengers, marking a 10.5% rise. For 2022, total terminal passengers were 5,581,218, up 18.8% from 2021.

Grupo Aeroportuario del Pacífico (PAC) announced a drawdown of Ps. 1.5 billion from Citibanamex for an 18-month loan. The funding will support capital investments, with interest payable monthly at a variable rate linked to TIIE-28 plus 38 basis points, and principal due upon maturity. The company operates 12 airports in Mexico's Pacific region and has expanded internationally.

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.