Grupo Aeroportuario del Pacifico Sees 7.2% Decrease in Passengers
Passenger Traffic Results for Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) recently released its preliminary terminal passenger traffic figures for August 2024, revealing a 7.4% decrease from August 2023. This decline highlights the challenges faced by the company despite its robust airport operations in Mexico.
Traffic Changes at Major Airports
In August 2024, key airports within GAP’s portfolio experienced varying levels of impact on passenger traffic. Notably, Los Cabos, Tijuana, Puerto Vallarta, and Guadalajara witnessed declines of 11.1%, 8.4%, 5.9%, and 3.4% respectively. Additionally, Montego Bay reported a drop in passenger numbers of 9.4%, indicating a broader trend affecting regional travel.
Domestic Passenger Trends
The report delineates specific domestic passenger traffic statistics (in thousands) that provide deeper insights into the performance of each airport:
Guadalajara
Guadalajara airport experienced a decrease from 1,148.8 thousand passengers in August 2023 to 1,050.5 thousand in August 2024, marking a decline of 8.6%.
Tijuana
Tijuana's passenger traffic fell to 780.2 thousand—a significant drop of 11.5% from the previous year.
International Passenger Traffic Overview
When considering international terminal passengers, the figures mirrored similar trends. Guadalajara reported a notable increase from 457.7 thousand passengers in August 2023 to 501.7 thousand in the same month of 2024, reflecting a robust growth of 9.6%. Tijuana's international passengers, however, showed a slight decline of 0.7%.
CBX and Total Terminal Passengers
Highlights from CBX Usage
The number of passengers utilizing the Cross-Border Xpress (CBX) in Tijuana also indicated a subtle dip of 1.7%, reinforcing the challenges in maintaining passenger numbers across different airports.
Total Passenger Performance
The cumulative data for total terminal passengers revealed a decline from 5,654.3 thousand in August 2023 to 5,245.4 thousand in August 2024, equating to a decrease of 7.2%. This drop emphasizes the ongoing impact of external factors affecting travel and tourism.
Company Overview and Airport Operations
Grupo Aeroportuario del Pacífico operates 12 airports catering to major cities and tourist regions throughout Mexico, including Guadalajara and Tijuana. The company has been trading on the New York Stock Exchange since February 2006 and consistently seeks to enhance its services and reach.
Contact Information
For further inquiries, interested parties can contact:
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 caused the decline in passenger traffic for Grupo Aeroportuario del Pacífico?
The decline in passenger traffic was attributed to various external factors, including changes in travel habits and regional tourism fluctuations.
Which airports saw the largest decreases in passenger numbers?
Los Cabos, Tijuana, Puerto Vallarta, and Guadalajara experienced the largest declines, with specifically significant reductions noted in Los Cabos.
How does the August 2024 performance compare to past numbers?
Compared to August 2023, August 2024 saw a notable decrease of 7.2% in total terminal passengers across GAP’s airports.
What is Grupo Aeroportuario del Pacífico's approach to enhancing passenger experience?
The company continuously invests in improving services and infrastructure at its airports to promote a better travel experience.
Where can additional company information be found?
For additional details on operations and services, stakeholders can refer to the company's official communications or contact its Investor Relations team.
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