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):

Airport	Jul-23	Jul-24	% Change	Jan- Jul 23	Jan- Jul 24	% Change
Guadalajara	1,136.6	1,085.2	(4.5%)	7,269.8	6,751.7	(7.1%)
Tijuana*	844.7	763.6	(9.6%)	5,148.0	4,847.0	(5.8%)
Los Cabos	301.7	293.5	(2.7%)	1,713.4	1,621.8	(5.3%)
Puerto Vallarta	302.5	306.8	1.4%	1,700.1	1,624.2	(4.5%)
Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
Guanajuato	226.6	185.4	(18.2%)	1,293.2	1,183.6	(8.5%)
Hermosillo	190.3	183.7	(3.4%)	1,185.9	1,172.2	(1.2%)
Kingston	0.2	0.4	163.6%	0.7	1.6	109.2%
Morelia	82.1	58.6	(28.6%)	470.1	358.1	(23.8%)
La Paz	116.3	116.6	0.2%	626.9	676.0	7.8%
Mexicali	159.8	95.1	(40.5%)	887.0	609.7	(31.3%)
Aguascalientes	58.4	53.3	(8.7%)	365.4	361.9	(1.0%)
Los Mochis	44.6	50.5	13.3%	257.7	318.5	23.6%
Manzanillo	9.9	10.4	5.1%	62.7	76.7	22.2%
Total	3,473.6	3,203.1	(7.8%)	20,980.9	19,602.9	(6.6%)

International Terminal Passengers (in thousands):

Airport	Jul-23	Jul-24	% Change	Jan- Jul 23	Jan- Jul 24	% Change
Guadalajara	507.8	560.4	10.4%	3,014.5	3,420.5	13.5%
Tijuana*	449.3	428.1	(4.7%)	2,609.9	2,362.2	(9.5%)
Los Cabos	427.5	393.2	(8.0%)	3,031.2	3,001.0	(1.0%)
Puerto Vallarta	264.6	241.5	(8.7%)	2,529.4	2,682.9	6.1%
Montego Bay	513.7	443.4	(13.7%)	3,170.5	3,185.7	0.5%
Guanajuato	85.4	108.2	26.8%	503.5	597.5	18.7%
Hermosillo	6.5	7.0	6.9%	43.3	50.6	16.9%
Kingston	181.7	177.6	(2.3%)	1,011.3	988.2	(2.3%)
Morelia	54.9	62.7	14.1%	349.8	376.6	7.7%
La Paz	1.0	0.9	(16.7%)	8.8	7.0	(20.0%)
Mexicali	0.7	0.7	(3.4%)	4.2	4.4	5.5%
Aguascalientes	29.5	32.1	8.9%	162.3	183.3	12.9%
Los Mochis	0.7	0.8	13.8%	4.2	4.8	14.3%
Manzanillo	2.4	3.5	43.2%	45.1	59.6	32.2%
Total	2,525.8	2,460.0	(2.6%)	16,487.9	16,924.4	2.6%

Total Terminal Passengers (in thousands):

Airport	Jul-23	Jul-24	% Change	Jan- Jul 23	Jan- Jul 24	% Change
Guadalajara	1,644.4	1,645.6	0.1%	10,284.3	10,172.1	(1.1%)
Tijuana*	1,294.0	1,191.8	(7.9%)	7,757.9	7,209.2	(7.1%)
Los Cabos	729.2	686.7	(5.8%)	4,744.6	4,622.8	(2.6%)
Puerto Vallarta	567.1	548.3	(3.3%)	4,229.5	4,307.1	1.8%
Montego Bay	513.7	443.4	(13.7%)	3,170.5	3,185.7	0.5%
Guanajuato	311.9	293.6	(5.9%)	1,796.7	1,781.1	(0.9%)
Hermosillo	196.8	190.7	(3.1%)	1,229.1	1,222.8	(0.5%)
Kingston	181.9	178.0	(2.1%)	1,012.0	989.8	(2.2%)
Morelia	137.0	121.3	(11.5%)	819.9	734.7	(10.4%)
La Paz	117.4	117.4	0.0%	635.7	683.0	7.4%
Mexicali	160.5	95.8	(40.3%)	891.2	614.1	(31.1%)
Aguascalientes	87.9	85.4	(2.8%)	527.7	545.2	3.3%
Los Mochis	45.3	51.3	13.3%	261.9	323.4	23.5%
Manzanillo	12.4	13.9	12.6%	107.8	136.3	26.4%
Total	5,999.4	5,663.1	(5.6%)	37,468.8	36,527.3	(2.5%)

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

CBX users (in thousands):

Airport	Jul-23	Jul-24	% Change	Jan- Jul 23	Jan- Jul 24	% Change
Tijuana	445.5	421.3	(5.4%)	2,588.2	2,328.9	(10.0%)

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.

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 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 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.

Alejandra Soto, Investor Relations and Social Responsibility Officer	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx/+52 33 3880 1100 ext. 20294