Grupo Aeroportuario del Pacífico Addresses Hurricane Melissa Impact
GUADALAJARA, Mexico - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) has reported significant disruptions to airport operations in Jamaica resulting from Hurricane Melissa, a Category 5 storm. As the storm approached, airport operations were affected with Kingston Airport suspending services on October 25, followed by Montego Bay Airport on October 26. The decision to halt operations was made in alignment with advice from civil protection and aviation authorities due to severe weather conditions.
Immediate Response and Recovery Efforts
Currently, the focus is on safely resuming flight operations at both Jamaican airports to allow the flow of humanitarian aid to the affected communities. Grupo Aeroportuario del Pacífico is actively evaluating the infrastructural impact of the hurricane while collaborating closely with local authorities to restore normalcy as swiftly as possible.
Commitment to Safety
Raúl Revuelta Musalem, the CEO of Grupo Aeroportuario del Pacífico, emphasized the company’s unwavering commitment to safety. "We prioritize the well-being of our employees, their families, and all individuals within the airport community, including those stranded due to the hurricane's effects," he remarked. The team is implementing strategies to assess damage accurately in order to facilitate a safe reopening of the airports as weather conditions improve. Regular communication with emergency services and local authorities is vital to support the restoration of the airports.
Passenger Traffic Insights
In the first nine months of the current year, Jamaican airports accounted for 11.0% of Grupo Aeroportuario del Pacífico’s total passenger traffic and contributed 8.8% to the consolidated EBITDA. This highlights the significant role that these airports play not just for the local economy but also for the company’s overall performance.
Future Outlook and Operational Updates
As the situation develops, Grupo Aeroportuario del Pacífico will maintain a close watch on conditions at both Kingston and Montego Bay Airports. They are committed to providing regular updates regarding the assessment of damage, the timeline for resuming operations, and operating conditions as they unfold. Transparency during this recovery phase is crucial for stakeholders and the community at large.
Understanding Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico manages a total of 12 airports in Mexico’s Pacific region, including bustling cities such as Guadalajara and Tijuana, alongside vital tourist hubs like Puerto Vallarta and Los Cabos. The company’s growth is evident, especially since its shares have been traded on the New York Stock Exchange since February 2006 under the ticker symbol “PAC” and on the Mexican Stock Exchange as “GAP.” Furthermore, GAP’s acquisition of a majority stake in MBJ Airports Limited has strengthened its foothold in the Caribbean, particularly with their operations at Sangster International Airport in Montego Bay.
Contact for Investor Relations
For inquiries regarding investor relations or social responsibility, individuals can contact Alejandra Soto, Investor Relations and Social Responsibility Officer, via email at asoto@aeropuertosgap.com.mx. Additional support is available from Gisela Murillo in Investor Relations at gmurillo@aeropuertosgap.com.mx or by phone at +52 33 3880 1100 ext. 20294.
Frequently Asked Questions
What is the impact of Hurricane Melissa on GAP operations?
Hurricane Melissa has disrupted operations at GAP's Jamaican airports, with flights suspended due to severe weather conditions.
How is GAP responding to the situation?
GAP is focusing on the safety of personnel and evaluating damage, aiming to resume airport operations swiftly to facilitate humanitarian aid.
What percentage of GAP's passenger traffic comes from Jamaican airports?
Jamaican airports accounted for 11.0% of GAP’s total passenger traffic during the first nine months of the year.
Who can I contact for more information about GAP?
You can reach out to Alejandra Soto for investor relations or Gisela Murillo through their respective emails for further information.
What airports does Grupo Aeroportuario del Pacífico manage?
GAP operates 12 airports across Mexico’s Pacific region, including major cities and significant tourist destinations.
