Pacific Airport Group 6-K, filed Aug 6, 2024
Pacific Airport Group (PAC)
About this 6-K
Pacific Airport Group filed this 6-K on August 6, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2024
Commission File Number: 001-32751
GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V.
(PACIFIC AIRPORT GROUP)
(Translation of registrant's name into English)
México
(Jurisdiction of incorporation or organization)
Avenida Mariano Otero No. 1249-B
Torre Pacifico, Piso 6
Col. Rinconada del Bosque
44530 Guadalajara, Jalisco, México
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Grupo Aeroportuario del Pacifico Reports in July 2024 a Passenger Traffic Decrease of 5.6% Compared to 2023
GUADALAJARA, Mexico, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico,
S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic
figures for July 2024, compared with July 2023.
For July 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 4.9%, compared to July 2023. Tijuana, Los Cabos, and Puerto Vallarta airports presented a decrease in passenger traffic of 7.9%, 5.8%, and 3.3%, respectively, compared to July 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 13.7%.
Domestic Terminal Passengers (in thousands):
| Airport | Jul-23 | Jul-24 | % Change | Jan- Jul 23 | Jan- Jul 24 | % Change |
| Guadalajara | 1,136.6 | 1,085.2 | (4.5%) | 7,269.8 | 6,751.7 | (7.1%) |
| Tijuana* | 844.7 | 763.6 | (9.6%) | 5,148.0 | 4,847.0 | (5.8%) |
| Los Cabos | 301.7 | 293.5 | (2.7%) | 1,713.4 | 1,621.8 | (5.3%) |
| Puerto Vallarta | 302.5 | 306.8 | 1.4% | 1,700.1 | 1,624.2 | (4.5%) |
| Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
| Guanajuato | 226.6 | 185.4 | (18.2%) | 1,293.2 | 1,183.6 | (8.5%) |
| Hermosillo | 190.3 | 183.7 | (3.4%) | 1,185.9 | 1,172.2 | (1.2%) |
| Kingston | 0.2 | 0.4 | 163.6% | 0.7 | 1.6 | 109.2% |
| Morelia | 82.1 | 58.6 | (28.6%) | 470.1 | 358.1 | (23.8%) |
| La Paz | 116.3 | 116.6 | 0.2% | 626.9 | 676.0 | 7.8% |
| Mexicali | 159.8 | 95.1 | (40.5%) | 887.0 | 609.7 | (31.3%) |
| Aguascalientes | 58.4 | 53.3 | (8.7%) | 365.4 | 361.9 | (1.0%) |
| Los Mochis | 44.6 | 50.5 | 13.3% | 257.7 | 318.5 | 23.6% |
| Manzanillo | 9.9 | 10.4 | 5.1% | 62.7 | 76.7 | 22.2% |
| Total | 3,473.6 | 3,203.1 | (7.8%) | 20,980.9 | 19,602.9 | (6.6%) |
International Terminal Passengers (in thousands):
| Airport | Jul-23 | Jul-24 | % Change | Jan- Jul 23 | Jan- Jul 24 | % Change |
| Guadalajara | 507.8 | 560.4 | 10.4% | 3,014.5 | 3,420.5 | 13.5% |
| Tijuana* | 449.3 | 428.1 | (4.7%) | 2,609.9 | 2,362.2 | (9.5%) |
| Los Cabos | 427.5 | 393.2 | (8.0%) | 3,031.2 | 3,001.0 | (1.0%) |
| Puerto Vallarta | 264.6 | 241.5 | (8.7%) | 2,529.4 | 2,682.9 | 6.1% |
| Montego Bay | 513.7 | 443.4 | (13.7%) | 3,170.5 | 3,185.7 | 0.5% |
| Guanajuato | 85.4 | 108.2 | 26.8% | 503.5 | 597.5 | 18.7% |
| Hermosillo | 6.5 | 7.0 | 6.9% | 43.3 | 50.6 | 16.9% |
| Kingston | 181.7 | 177.6 | (2.3%) | 1,011.3 | 988.2 | (2.3%) |
| Morelia | 54.9 | 62.7 | 14.1% | 349.8 | 376.6 | 7.7% |
| La Paz | 1.0 | 0.9 | (16.7%) | 8.8 | 7.0 | (20.0%) |
| Mexicali | 0.7 | 0.7 | (3.4%) | 4.2 | 4.4 | 5.5% |
| Aguascalientes | 29.5 | 32.1 | 8.9% | 162.3 | 183.3 | 12.9% |
| Los Mochis | 0.7 | 0.8 | 13.8% | 4.2 | 4.8 | 14.3% |
| Manzanillo | 2.4 | 3.5 | 43.2% | 45.1 | 59.6 | 32.2% |
| Total | 2,525.8 | 2,460.0 | (2.6%) | 16,487.9 | 16,924.4 | 2.6% |
Total Terminal Passengers (in thousands):
| Airport | Jul-23 | Jul-24 | % Change | Jan- Jul 23 | Jan- Jul 24 | % Change |
| Guadalajara | 1,644.4 | 1,645.6 | 0.1% | 10,284.3 | 10,172.1 | (1.1%) |
| Tijuana* | 1,294.0 | 1,191.8 | (7.9%) | 7,757.9 | 7,209.2 | (7.1%) |
| Los Cabos | 729.2 | 686.7 | (5.8%) | 4,744.6 | 4,622.8 | (2.6%) |
| Puerto Vallarta | 567.1 | 548.3 | (3.3%) | 4,229.5 | 4,307.1 | 1.8% |
| Montego Bay | 513.7 | 443.4 | (13.7%) | 3,170.5 | 3,185.7 | 0.5% |
| Guanajuato | 311.9 | 293.6 | (5.9%) | 1,796.7 | 1,781.1 | (0.9%) |
| Hermosillo | 196.8 | 190.7 | (3.1%) | 1,229.1 | 1,222.8 | (0.5%) |
| Kingston | 181.9 | 178.0 | (2.1%) | 1,012.0 | 989.8 | (2.2%) |
| Morelia | 137.0 | 121.3 | (11.5%) | 819.9 | 734.7 | (10.4%) |
| La Paz | 117.4 | 117.4 | 0.0% | 635.7 | 683.0 | 7.4% |
| Mexicali | 160.5 | 95.8 | (40.3%) | 891.2 | 614.1 | (31.1%) |
| Aguascalientes | 87.9 | 85.4 | (2.8%) | 527.7 | 545.2 | 3.3% |
| Los Mochis | 45.3 | 51.3 | 13.3% | 261.9 | 323.4 | 23.5% |
| Manzanillo | 12.4 | 13.9 | 12.6% | 107.8 | 136.3 | 26.4% |
| Total | 5,999.4 | 5,663.1 | (5.6%) | 37,468.8 | 36,527.3 | (2.5%) |
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX users (in thousands):
| Airport | Jul-23 | Jul-24 | % Change | Jan- Jul 23 | Jan- Jul 24 | % Change |
| Tijuana | 445.5 | 421.3 | (5.4%) | 2,588.2 | 2,328.9 | (10.0%) |
Highlights for the month:
- Passenger traffic: The decrease in passenger traffic is primarily
a result of the preventive revision to the Pratt & Whitney engines of the A320neo and A321neo fleet. At the airports of Montego Bay
and Kingston in Jamaica, the decrease is mainly due to the preventive measures taken in response to Hurricane Beryl, which kept both
airports closed from July 2 at midnight, reactivating operations on July 4 in Montego Bay and on July 5 in Kingston.
- Seats and load factors: The seats available during July 2024 decreased by 8.7%, compared to July 2023. The load factors for the month went from 74.8% in July 2023 to 79.2% in July 2024.
- New routes:
- Tijuana – Beijing: Hainan Airlines
- Guadalajara – Tijuana: Aeroméxico
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.
| This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
| 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 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | ||
| (Registrant) | ||
| Date: August 5, 2024 | /s/ SAÚL VILLARREAL GARCÍA | |
| Saúl Villarreal García | ||
| Chief Financial Officer | ||