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Grupo Aeroportuario del Pacífico Master Development Update

Grupo Aeroportuario del Pacífico Master Development Update

Grupo Aeroportuario del Pacífico Unveils Master Development Program

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) has finalized its regular review process for the Master Development Program (MDP) along with the Maximum Tariffs that will apply to its airports in Mexico from 2025 to 2029. This review received approval from the Ministry of Infrastructure, Communications and Transportation via the Federal Civil Aviation Agency.

Determining Maximum Tariffs

The Federal Civil Aviation Agency (AFAC) has established the maximum tariffs per workload unit for each airport. These tariffs are based on comprehensive projections that consider expected traffic growth, operating expenses, and the capital investments detailed in the Master Development Program. The calculations adhere to the guidelines set forth in the Concession Agreements, which have been in place since late 2023.

Maximum Tariffs for Selected Airports

The maximum tariffs for the upcoming years are as follows:

  • Guadalajara: 2025: 349.44, 2026: 346.65, 2027: 343.87, 2028: 341.12, 2029: 338.39
  • Tijuana: 2025: 266.45, 2026: 264.31, 2027: 262.20, 2028: 260.10, 2029: 258.02
  • Los Cabos: 2025: 524.20, 2026: 520.01, 2027: 515.85, 2028: 511.72, 2029: 507.63
  • Puerto Vallarta: 2025: 522.06, 2026: 517.88, 2027: 513.74, 2028: 509.63, 2029: 505.55
  • Guanajuato: 2025: 349.61, 2026: 346.82, 2027: 344.04, 2028: 341.29, 2029: 338.56
  • Mexicali: 2025: 252.45, 2026: 250.43, 2027: 248.43, 2028: 246.44, 2029: 244.47
  • La Paz: 2025: 287.13, 2026: 284.83, 2027: 282.55, 2028: 280.29, 2029: 278.05
  • Morelia: 2025: 412.49, 2026: 409.19, 2027: 405.92, 2028: 402.67, 2029: 399.45
  • Hermosillo: 2025: 261.29, 2026: 259.20, 2027: 257.13, 2028: 255.07, 2029: 253.03
  • Aguascalientes: 2025: 270.36, 2026: 268.20, 2027: 266.05, 2028: 263.93, 2029: 261.81
  • Los Mochis: 2025: 296.10, 2026: 293.73, 2027: 291.38, 2028: 289.05, 2029: 286.74
  • Manzanillo: 2025: 357.18, 2026: 354.32, 2027: 351.49, 2028: 348.67, 2029: 345.88

Capital Investments for Airport Development

Aligned with the approved Master Development Programs, substantial investments are planned for each airport. These funds are represented in thousands of pesos, adjusted for purchasing power as of December 31, 2022. The amounts will also be updated in accordance with the National Producer Price Index for the construction sector as the projects progress.

The planned investments are structured as follows:

  • Guadalajara: 2025: 7,601,906, 2026: 4,211,520, 2027: 4,052,576, 2028: 1,152,143, 2029: 1,866,324
  • Tijuana: 2025: 1,319,298, 2026: 1,513,110, 2027: 1,737,794, 2028: 1,869,573, 2029: 1,530,802
  • Los Cabos: 2025: 392,758, 2026: 641,898, 2027: 1,385,112, 2028: 1,503,495, 2029: 1,690,881
  • Puerto Vallarta: 2025: 361,826, 2026: 125,201, 2027: 464,056, 2028: 724,774, 2029: 1,241,881
  • Guanajuato: 2025: 614,078, 2026: 263,857, 2027: 444,215, 2028: 353,710, 2029: 683,852
  • Mexicali: 2025: 236,434, 2026: 264,840, 2027: 213,180, 2028: 263,753, 2029: 339,901
  • La Paz: 2025: 34,599, 2026: 48,885, 2027: 117,597, 2028: 178,867, 2029: 483,348
  • Morelia: 2025: 36,598, 2026: 84,913, 2027: 130,706, 2028: 181,495, 2029: 418,526
  • Hermosillo: 2025: 87,518, 2026: 21,217, 2027: 102,148, 2028: 252,670, 2029: 388,066
  • Aguascalientes: 2025: 43,264, 2026: 39,150, 2027: 76,915, 2028: 156,982, 2029: 360,532
  • Los Mochis: 2025: 188,421, 2026: 53,522, 2027: 42,235, 2028: 108,879, 2029: 94,014
  • Manzanillo: 2025: 29,970, 2026: 92,704, 2027: 21,559, 2028: 105,752, 2029: 139,155

Contact Information

If you have any questions or need further information, please contact the following individuals:

  • Alejandra Soto, Investor Relations and Social Responsibility Officer: asoto@aeropuertosgap.com.mx
  • Gisela Murillo, Investor Relations: gmurillo@aeropuertosgap.com.mx

Frequently Asked Questions

What is the Master Development Program?

The Master Development Program outlines the future improvements and capital investments planned for the airports operated by Grupo Aeroportuario del Pacífico.

How are the maximum tariffs determined?

The maximum tariffs are calculated based on projections for traffic, operational costs, and investment requirements as detailed in the MDP.

Which airports are part of Grupo Aeroportuario del Pacífico?

GAP manages 12 airports across Mexico, including those located in major cities and popular tourist spots.

Why are the upcoming tariffs important?

The upcoming tariffs affect the operational expenses and financial sustainability of the airports, which in turn impacts travelers directly.

How can investors contact GAP?

Investors can use the provided contact information to address their inquiries and interests.

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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