GAP Sees Steady Growth in Passenger Traffic Amid Challenges
Passenger Traffic Growth for Grupo Aeroportuario del Pacífico
As we move through the busy travel seasons, Grupo Aeroportuario del Pacífico, S.A.B. de C.V., known as GAP, is showcasing encouraging developments in passenger traffic across its airports. In August, there was a notable increase in terminal passenger traffic of 3.4% when compared to the same month from the previous year, signaling recovery trends and positive momentum in the aviation sector.
Breakdown of Terminal Passenger Numbers
Across GAP’s 12 airports in Mexico, the overall figures reflect strong performance despite fluctuations at some locations. For instance, major airports like Puerto Vallarta, Guadalajara, and Los Cabos showcased increases of 5.5%, 4.1%, and 0.6% in passenger numbers respectively, contributing to the overall positive growth trend. However, Tijuana airport faced a slight drop of 1.6% during the same period.
Monthly Domestic Traffic Trends
The numbers paint a promising picture. Guadalajara's airport reported a rise in domestic terminal passengers, climbing from 1,050.5 thousand last year to 1,100.3 thousand this August, a significant increase of 4.7%. This equates to a deeper exploration into aviation and travel preferences as domestic tourism thrives.
International Traffic Insights
Internationally, trends remained mixed yet promising for GAP. For example, Montego Bay experienced a surge in passengers, with uplift figures showing a healthy increase of 5.3% compared to last year. This can reflect the growing attractiveness of travel destinations served by GAP airports and perhaps an uptick in international tourism across Mexico.
Highlights of August Traffic Figures
Another interesting aspect of the month's traffic figures is the operation of CBX (Cross Border Xpress), which likewise reported volumes indicative of a recovering travel industry. The available seats grew by 3.6% month-over-month, showing that airline capacity is returning as demand rises. Despite this, load factors dipped slightly from 84.3% last August to 84.0% this year.
Overview of GAP’s Operations
Grupo Aeroportuario del Pacífico operates 12 airports in Mexico, serving major urban centers and key tourist locations. With its strong foothold, the company plays a vital role in the country's economy and travel infrastructure. Notably, the firm made strides in recent years, expanding its operations with the acquisition of a controlling stake in MBJ Airports Limited, managing Sangster International Airport in Jamaica. This further solidifies its standing as a pivotal player in the airport management industry.
Company Contact Information
For more information or inquiries, you can reach out to:
Alejandra Soto
Investor Relations and Social Responsibility Officer
Email: asoto@aeropuertosgap.com.mx
Gisela Murillo
Investor Relations
Email: gmurillo@aeropuertosgap.com.mx
Phone: +52 33 3880 1100 ext. 20294
Frequently Asked Questions
What is the percentage increase in passenger traffic reported for GAP?
Grupo Aeroportuario del Pacífico reported a 3.4% increase in passenger traffic for August compared to the previous year.
Which airports showed significant growth in passenger numbers?
Puerto Vallarta, Guadalajara, and Los Cabos reported significant increases of 5.5%, 4.1%, and 0.6% respectively.
Has Tijuana airport experienced a decline?
Yes, Tijuana airport saw a decrease of 1.6% in passenger traffic compared to the same month last year.
What is the primary focus of Grupo Aeroportuario del Pacífico?
GAP focuses on managing and operating airports across Mexico's Pacific region, enhancing travel experiences and promoting tourism.
How can investors contact GAP for more information?
Investors can contact Alejandra Soto or Gisela Murillo via their provided emails for any investor-related inquiries.
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