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Grupo Aeroportuario del Pacifico Reports Passenger Traffic Decrease of 52.7% for the Month of February

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Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
·7 min read
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GUADALAJARA, Mexico, March 04, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of February 2021, compared to traffic figures for February 2020.

For February 2021, the total number of terminal passengers at GAP’s 14 airports decreased by 52.7%, compared to the same period of the previous year. Domestic passenger traffic decreased by 38.0%, while international passenger traffic decreased by 69.0%.

Domestic traffic continues to strengthen at our 12 Mexican airports as airlines continue to gradually increase their operations. However, international traffic declined due to new requirements put in place to enter the United States, as well as the suspension of flights from Mexico and the Caribbean by the government of Canada.

Domestic Terminal Passengers – 14 airports (in thousands):

Airport

Feb-20

Feb-21

% Change

Jan-Feb 20

Jan-Feb 21

% Change

Guadalajara

844.3

435.3

(48.4

%)

1,722.3

962.0

(44.1

%)

Tijuana*

490.9

406.3

(17.2

%)

1,001.6

874.8

(12.7

%)

Los Cabos

134.1

102.9

(23.3

%)

286.3

224.5

(21.6

%)

Puerto Vallarta

124.5

79.1

(36.5

%)

273.2

174.7

(36.0

%)

Guanajuato

149.3

76.6

(48.7

%)

317.4

176.1

(44.5

%)

Montego Bay

0.3

0.0

(100.0

%)

0.9

0.0

(100.0

%)

Hermosillo

138.3

69.5

(49.7

%)

287.1

149.6

(47.9

%)

Morelia

43.5

29.7

(31.7

%)

92.2

71.0

(23.0

%)

Mexicali

91.2

53.5

(41.4

%)

201.7

122.2

(39.4

%)

La Paz

73.7

46.6

(36.8

%)

153.0

104.3

(31.8

%)

Aguascalientes

48.7

27.4

(43.8

%)

102.4

62.1

(39.4

%)

Kingston

0.4

0.0

(96.7

%)

1.1

0.1

(94.0

%)

Los Mochis

30.2

18.7

(38.0

%)

62.4

43.6

(30.1

%)

Manzanillo

7.3

4.7

(36.2

%)

16.4

10.4

(36.5

%)

Total

2,176.7

1,350.3

(38.0

%)

4,517.8

2,975.3

(34.1

%)

International Terminal Passengers – 14 airports (in thousands):

Airport

Feb-20

Feb-21

% Change

Jan-Feb 20

Jan-Feb 21

% Change

Guadalajara

312.3

137.0

(56.1

%)

736.0

399.5

(45.7

%)

Tijuana*

232.0

103.5

(55.4

%)

532.4

257.5

(51.6

%)

Los Cabos

359.5

130.4

(63.7

%)

714.3

302.5

(57.7

%)

Puerto Vallarta

405.6

81.8

(79.8

%)

811.3

205.7

(74.6

%)

Guanajuato

48.8

18.3

(62.6

%)

115.6

57.6

(50.2

%)

Montego Bay

426.4

75.6

(82.3

%)

871.5

175.3

(79.9

%)

Hermosillo

6.9

5.4

(21.2

%)

14.7

12.4

(15.7

%)

Morelia

31.5

18.9

(40.2

%)

74.5

53.3

(28.5

%)

Mexicali

0.4

0.2

(51.4

%)

1.0

0.4

(59.0

%)

La Paz

1.2

0.9

(22.0

%)

2.2

2.2

(1.5

%)

Aguascalientes

15.9

6.9

(56.7

%)

37.1

22.8

(38.5

%)

Kingston

122.2

30.0

(75.4

%)

280.7

78.7

(72.0

%)

Los Mochis

0.4

0.4

12.4

%

1.0

1.0

(0.3

%)

Manzanillo

10.1

2.3

(77.5

%)

20.9

5.6

(73.0

%)

Total

1,973.1

611.6

(69.0

%)

4,213.3

1,574.5

(62.6

%)

Total Terminal Passengers – 14 airports (in thousands):

Airport

Feb-20

Feb-21

% Change

Jan-Feb 20

Jan-Feb 21

% Change

Guadalajara

1,156.6

572.3

(50.5

%)

2,458.3

1,361.5

(44.6

%)

Tijuana*

722.9

509.8

(29.5

%)

1,534.0

1,132.3

(26.2

%)

Los Cabos

493.6

233.3

(52.7

%)

1,000.6

527.0

(47.3

%)

Puerto Vallarta

530.1

160.9

(69.6

%)

1,084.5

380.4

(64.9

%)

Guanajuato

198.1

94.9

(52.1

%)

433.0

233.7

(46.0

%)

Montego Bay

426.7

75.6

(82.3

%)

872.4

175.3

(79.9

%)

Hermosillo

145.1

74.9

(48.4

%)

301.8

162.0

(46.3

%)

Morelia

75.0

48.6

(35.3

%)

166.6

124.2

(25.4

%)

Mexicali

91.6

53.7

(41.4

%)

202.6

122.6

(39.5

%)

La Paz

74.8

47.5

(36.6

%)

155.2

106.5

(31.4

%)

Aguascalientes

64.6

34.2

(47.0

%)

139.5

84.9

(39.1

%)

Kingston

122.6

30.1

(75.5

%)

281.9

78.8

(72.1

%)

Los Mochis

30.6

19.1

(37.4

%)

63.4

44.5

(29.7

%)

Manzanillo

17.4

6.9

(60.1

%)

37.4

16.1

(56.9

%)

Total

4,149.8

1,961.9

(52.7

%)

8,731.1

4,549.8

(47.9

%)

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX Users (in thousands):

CBX PARA BOLSA

Airport

Feb-20

Feb-21

% Change

Jan-Feb 20

Jan-Feb 21

% Change

Tijuana

229.9

102.5

(55.4

%)

527.1

255.2

(51.6

%)


Highlights for the Period:

  • The number of seats available during February 2021 declined by 13.2% compared to February 2020; load factors for the month went from 83.3% in February 2020 to 48.3% in February 2021.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that June involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

IR Contacts:

Saúl Villarreal, Chief Financial Officer

svillarreal@aeropuertosgap.com.mx

Alejandra Soto, IR and Financial Planning Manager

asoto@aeropuertosgap.com.mx

Gisela Murillo, Investor Relations

gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294

Maria Barona, i-advize Corporate Communications

mbarona@i-advize.com