Grupo Aeroportuario del Pacifico Reports in July 2024 a Passenger Traffic Decrease of 5.6% Compared to 2023

GUADALAJARA, Mexico, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for July 2024, compared with July 2023.

For July 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 4.9%, compared to July 2023. Tijuana, Los Cabos, and Puerto Vallarta airports presented a decrease in passenger traffic of 7.9%, 5.8%, and 3.3%, respectively, compared to July 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 13.7%.

Domestic Terminal Passengers (in thousands):

International Terminal Passengers (in thousands):

Total Terminal Passengers (in thousands):

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

CBX users (in thousands):

Highlights for the month:

• Passenger traffic: The decrease in passenger traffic is primarily a result of the preventive revision to the Pratt & Whitney engines of the A320neo and A321neo fleet. At the airports of Montego Bay and Kingston in Jamaica, the decrease is mainly due to the preventive measures taken in response to Hurricane Beryl, which kept both airports closed from July 2 at midnight, reactivating operations on July 4 in Montego Bay and on July 5 in Kingston.
  

• Seats and load factors: The seats available during July 2024 decreased by 8.7%, compared to July 2023. The load factors for the month went from 74.8% in July 2023 to 79.2% in July 2024.

• New routes:
  
  • Tijuana – Beijing: Hainan Airlines
  • Guadalajara – Tijuana: Aeroméxico
    

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 Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

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 involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.