Passenger Traffic Results for Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) has recently published its preliminary passenger traffic figures for August 2024. The report shows a 7.4% decline compared to August 2023, highlighting the difficulties the company is facing despite its strong airport operations in Mexico.
Traffic Changes at Major Airports
In August 2024, the major airports in GAP’s network experienced different levels of passenger traffic changes. Specifically, Los Cabos saw a decline of 11.1%, while Tijuana, Puerto Vallarta, and Guadalajara reported drops of 8.4%, 5.9%, and 3.4%, respectively. Furthermore, Montego Bay also experienced a decrease in passenger numbers, with a drop of 9.4%, indicating a broader trend affecting regional travel.
Domestic Passenger Trends
The report provides specific statistics on domestic passenger traffic (in thousands), offering a closer look at each airport's performance:
Guadalajara
Guadalajara airport recorded a decrease from 1,148.8 thousand passengers in August 2023 to 1,050.5 thousand in August 2024, resulting in an 8.6% decline.
Tijuana
Tijuana's passenger traffic fell to 780.2 thousand, marking a significant drop of 11.5% compared to the previous year.
International Passenger Traffic Overview
Looking at international terminal passengers, the figures followed similar patterns. Guadalajara experienced a notable increase, rising from 457.7 thousand passengers in August 2023 to 501.7 thousand in August 2024, reflecting a strong growth of 9.6%. Conversely, Tijuana's international passengers showed a slight decline of 0.7%.
CBX and Total Terminal Passengers
Highlights from CBX Usage
The number of passengers using the Cross-Border Xpress (CBX) in Tijuana also saw a slight decrease of 1.7%, further underscoring the challenges in maintaining passenger numbers across various airports.
Total Passenger Performance
The overall data for total terminal passengers indicated a decline from 5,654.3 thousand in August 2023 to 5,245.4 thousand in August 2024, representing a decrease of 7.2%. This drop highlights the ongoing impact of external factors on travel and tourism.
Company Overview and Airport Operations
Grupo Aeroportuario del Pacífico operates 12 airports that serve major cities and tourist destinations throughout Mexico, including Guadalajara and Tijuana. The company has been listed on the New York Stock Exchange since February 2006 and is committed to enhancing its services and expanding its reach.
Contact Information
For further inquiries, interested parties 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 caused the decline in passenger traffic for Grupo Aeroportuario del Pacífico?
The decline in passenger traffic is attributed to various external factors, including shifts in travel habits and fluctuations in regional tourism.
Which airports saw the largest decreases in passenger numbers?
Los Cabos, Tijuana, Puerto Vallarta, and Guadalajara recorded the most significant declines, with Los Cabos experiencing particularly notable reductions.
How does the August 2024 performance compare to past numbers?
In comparison to August 2023, August 2024 exhibited a significant 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 is dedicated to continuously investing in service improvements and infrastructure at its airports to provide a better travel experience.
Where can additional company information be found?
For more information on operations and services, stakeholders can refer to the company's official communications or get in touch with its Investor Relations team.
