GAP Announces New Maximum Tariffs for Kingston Airport
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) is making noteworthy strides in enhancing airport services with its recent announcement regarding the approval of maximum tariffs for Kingston Airport. This announcement highlights the company's commitment to improving the passenger experience and investing in significant infrastructural developments over a set period from 2026 to 2030.
Details of the New Tariffs
The newly approved maximum charges per passenger at Kingston Airport are primarily set in U.S. dollars. Each year will witness a specific increment as part of the planned schedule. For instance, in 2026, the charge is set to be $38.18. This figure will increase annually, culminating at $60.10 by 2030, reflecting the airport's growth and the investments being made in its facilities.
Annual Passenger Charges Breakdown
As detailed in the approved structure, the maximum passenger charges for Kingston Airport transition as follows:
- 2026: $38.18
- 2027: $56.18
- 2028: $57.50
- 2029: $58.81
- 2030: $60.10
Investments Under the Capital Development Program
Alongside the tariffs, GAP has outlined a comprehensive Capital Development Program. This initiative embodies a series of strategic investments amounting to millions in U.S. dollars which will take place from 2026 through 2030. The planned allocations are meticulously structured, ensuring funds are deployed effectively to enhance airport infrastructure and passenger satisfaction.
Investment Distribution Over the Years
The investment distribution for Kingston Airport is as follows:
- 2026: $45.8 million
- 2027: $23.4 million
- 2028: $3.8 million
- 2029: $7.9 million
- 2030: $4.3 million
- Total: $85.2 million
About Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico plays a vital role in managing and operating 12 airports in Mexico's Pacific region, which encompasses major cities such as Guadalajara and Tijuana, along with popular tourist areas like Puerto Vallarta and Los Cabos. The company has consistently expanded its operations to enhance connectivity and improve travel experiences.
Since its shares were listed on the New York Stock Exchange under the ticker symbol "PAC" in February 2006, the company has taken substantial steps towards growth. A highlight includes GAP's acquisition of a majority stake in MBJ Airports Limited, which oversees the Sangster International Airport in Jamaica. Additionally, the concession for Norman Manley International Airport in Kingston was secured, allowing GAP to elevate the operational standards of this crucial airport.
Commitment to Transparency and Reporting
In line with its commitment to transparency, Grupo Aeroportuario del Pacífico has a comprehensive whistleblower program that permits individuals to report misconduct anonymously. They have established multiple channels, including phone services and website access, to facilitate confidential complaints. This initiative reflects GAP's dedication to upholding ethical standards and operational integrity.
Contact Information for Investor Relations
If you are interested in more information regarding this development or have queries about Grupo Aeroportuario del Pacífico, the Investor Relations team is available to assist:
- 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
Frequently Asked Questions
What are the new maximum tariffs for Kingston Airport?
The maximum tariffs for Kingston Airport will range from $38.18 in 2026 to $60.10 by 2030.
How much is being invested in Kingston Airport?
A total investment of $85.2 million is planned for Kingston Airport from 2026 to 2030 as part of the Capital Development Program.
Which airports does Grupo Aeroportuario del Pacífico manage?
Grupo Aeroportuario del Pacífico manages 12 airports in Mexico, including those in Guadalajara and Tijuana, as well as in tourist destinations like Puerto Vallarta and Los Cabos.
What is the purpose of the whistleblower program?
The whistleblower program allows individuals to report unethical practices or violations anonymously to promote accountability within the organization.
Who can I contact for more information regarding GAP?
For inquiries about Grupo Aeroportuario del Pacífico, you can contact Alejandra Soto or Gisela Murillo via their respective emails provided above.
