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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC)

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Commodity Channel Index

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Previous Close91.90
Open92.52
Bid93.11 x 800
Ask93.27 x 800
Day's Range92.54 - 93.42
52 Week Range44.28 - 135.31
Volume4,301
Avg. Volume92,540
Market Cap5.201B
Beta (5Y Monthly)0.79
PE Ratio (TTM)20.98
EPS (TTM)4.44
Earnings DateN/A
Forward Dividend & Yield4.32 (4.89%)
Ex-Dividend DateNov 21, 2019
1y Target Est82.90
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  • GlobeNewswire

    Grupo Aeroportuario del Pacifico Reports Passenger Traffic Decrease of 38.3% for the Month of September

    GUADALAJARA, Mexico, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of September 2020, compared to traffic figures for September 2019. For September 2020, the total number of terminal passengers at GAP’s 14 airports decreased by 38.3%, compared to the same period of the previous year. Domestic passenger traffic decreased by 33.7%, while international passenger traffic decreased by 47.1%.Domestic Terminal Passengers – 13 airports (in thousands):           AirportSep-19 Sep-20 % ChangeJan-Sep 19Jan-Sep 20% Change Guadalajara836.3 489.0 (41.5%) 7,765.8 3,990.3 (48.6%)  Tijuana*490.9 418.2 (14.8%) 4,451.1 3,091.3 (30.5%)  Los Cabos143.6 115.1 (19.9%) 1,447.7 784.6 (45.8%)  Puerto Vallarta144.3 85.2 (40.9%) 1,371.2 632.5 (53.9%)  Montego Bay0.8 0.0 (100.0%) 6.9 1.0 (86.1%)  Guanajuato166.9 93.6 (43.9%) 1,522.3 722.0 (52.6%)  Hermosillo141.7 80.8 (43.0%) 1,315.7 649.1 (50.7%)  Mexicali90.2 54.7 (39.4%) 871.1 475.5 (45.4%)  Morelia36.6 29.7 (19.0%) 342.8 269.2 (21.5%)  La Paz72.2 45.2 (37.4%) 740.4 374.1 (49.5%)  Aguascalientes50.7 31.2 (38.5%) 465.6 245.3 (47.3%)  Los Mochis28.7 17.1 (40.4%) 282.8 135.7 (52.0%)  Manzanillo6.1 3.8 (37.7%) 70.5 34.3 (51.4%)  Total2,209.1 1,463.6 (33.7%) 20,653.8 11,404.9 (44.8%)                          International Terminal Passengers – 13 airports (in thousands):               AirportSep-19 Sep-20 % ChangeJan-Sep 19Jan-Sep 20% Change Guadalajara317.8 178.8 (43.7%) 3,234.5 1,646.2 (49.1%)  Tijuana*204.4 139.8 (31.6%) 2,136.1 1,207.1 (43.5%)  Los Cabos168.7 102.0 (39.6%) 2,764.7 1,259.4 (54.4%)  Puerto Vallarta96.9 45.2 (53.4%) 2,418.2 1,229.8 (49.1%)  Montego Bay256.1 48.0 (81.3%) 3,615.3 1,324.1 (63.4%)  Guanajuato47.5 25.6 (46.2%) 528.2 233.8 (55.7%)  Hermosillo5.3 3.0 (42.7%) 51.7 28.7 (44.4%)  Mexicali0.6 0.2 (72.0%) 5.1 1.6 (67.6%)  Morelia28.5 20.4 (28.6%) 312.9 162.1 (48.2%)  La Paz0.8 0.2 (71.5%) 9.4 4.7 (50.0%)  Aguascalientes18.7 9.3 (50.4%) 164.4 77.9 (52.6%)  Los Mochis0.6 0.1 (78.9%) 5.4 1.6 (69.6%)  Manzanillo1.9 0.9 (50.3%) 60.8 32.6 (46.4%)  Total1,147.9 573.5 (50.0%) 15,306.5 7,209.7 (52.9%)                          Total Terminal Passengers – 13 airports (in thousands):           AirportSep-19 Sep-20 % ChangeJan-Sep 19Jan-Sep 20% Change Guadalajara1,154.1 667.9 (42.1%) 11,000.3 5,636.5 (48.8%)  Tijuana*695.4 558.0 (19.8%) 6,587.2 4,298.4 (34.7%)  Los Cabos312.3 217.0 (30.5%) 4,212.4 2,044.0 (51.5%)  Puerto Vallarta241.2 130.4 (45.9%) 3,789.4 1,862.3 (50.9%)  Montego Bay256.9 48.0 (81.3%) 3,622.2 1,325.1 (63.4%)  Guanajuato214.4 119.2 (44.4%) 2,050.5 955.8 (53.4%)  Hermosillo147.0 83.8 (43.0%) 1,367.4 677.8 (50.4%)  Mexicali90.9 54.9 (39.6%) 876.2 477.2 (45.5%)  Morelia65.2 50.0 (23.2%) 655.7 431.3 (34.2%)  La Paz73.0 45.4 (37.8%) 749.8 378.8 (49.5%)  Aguascalientes69.4 40.5 (41.7%) 630.0 323.2 (48.7%)  Los Mochis29.3 17.2 (41.2%) 288.2 137.3 (52.4%)  Manzanillo8.0 4.8 (40.7%) 131.2 66.8 (49.1%)  Total3,357.1 2,037.1 (39.3%) 35,960.3 18,614.5 (48.2%)                *Passengers in Tijuana who use CBX in both directions are classified as international.             CBX Users (in thousands):  Sep-19 Sep-20 % ChangeJan-Sep 19Jan-Sep 20% Change Tijuana 200.8 139.2 (30.7%) 2,100.9 1,198.0 (43.0%)  Kingston Airport (in thousands): PassengersSep-19 Sep-20 % ChangeJan-Sep 19 Jan-Sep 20 % Change DomesticN/A 0.03 N/A N/A 1.3 N/A  InternationalN/A 33.4 N/A N/A 494.4 N/A  TotalN/A 33.4 N/A N/A 495.7 N/A                          Total Passengers – 14 airports (in thousands): PassengersSep-19 Sep-20 % ChangeJan-Sep 19 Jan-Sep 20 % Change Domestic2,209.1 1,463.7 (33.7%) 20,653.8 11,406.2 (44.8%)  International1,147.9 606.9 (47.1%) 15,306.5 7,704.0 (49.7%)  Total3,357.1 2,070.6 (38.3%) 35,960.3 19,110.2 (46.9%)  Highlights for the Period: * In September, total passenger traffic decreased by 38.3%; passenger traffic at the Mexican airports decreased by 35.8%, due to the gradual recovery of domestic passengers and an improvement in the trends for the international passengers. * The number of seats available during September 2020 declined by 20.7% compared to September 2019; load factors for the month went from 82.4% in September 2019 to 60.5% in September 2020. Kingston Airport:The Company assumed control of the Kingston Airport on October 10, 2019. Historical figures are presented for comparison purposes, for a total of 33.4 thousand passengers in September 2020, a 75.7% decline versus September 2019.Company DescriptionGrupo 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 operation of the Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport 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 actually 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 June involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.IR Contacts:  Saúl Villarreal, Chief Financial Officersvillarreal@aeropuertosgap.com.mx Alejandra Soto, IR and Financial Planning Managerasoto@aeropuertosgap.com.mx Gisela Murillo, Investor Relationsgmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294 Maria Barona, i-advize Corporate Communicationsmbarona@i-advize.com

  • GlobeNewswire

    Grupo Aeroportuario del Pacifico Announces Long-Term Debt Financing at Montego Bay Airport

    GUADALAJARA, Mexico, Sept. 04, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced that on September 3, 2020 its subsidiary MBJ Airports Limited (“MBJA”) signed loan agreements with The Bank of Nova Scotia Jamaica Limited and The Bank of Nova Scotia, which were duly formalized today. The loan proceeds will be used to finance the airport’s Capital Development Program, as well for general corporate purposes. The loan amount of US$60.0 million is available for disbursement up to twenty-four months from the closing date.  Today Montego Bay Airport made the first drawdown of US$30.0 million.The loan has a 5-year term with a 2-year optional extension for up to US$54.0 million, with a monthly interest rate of Libor plus 310 basis points and principal payment of 10% due at the 54th month and the 90% due upon maturity. There is a disbursement fee of 50 basis points payable at closing plus a commitment fee of 55 basis points payable quarterly on any undrawn balance.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 Concesiones 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 operation of the Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport 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 actually 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 may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation. IR Contacts:  Saúl Villarreal, Chief Financial and Administrative Officersvillarreal@aeropuertosgap.com.mx Alejandra Soto, IR and Financial Planning Managerasoto@aeropuertosgap.com.mx Gisela Murillo, Investor Relationsgmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294 Maria Barona, i-advize Corporate Communicationsmbarona@i-advize.com

  • GlobeNewswire

    Grupo Aeroportuario del Pacifico Reports Passenger Traffic Decrease of 51.4% for the Month of August

    GUADALAJARA, Mexico, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of August 2020, compared to traffic figures for August 2019. For August 2020, the total number of terminal passengers at GAP’s 14 airports decreased by 51.4%, compared to the same period of the previous year. Domestic passenger traffic decreased by 45.2%, while international passenger traffic decreased by 61.1%. Domestic Terminal Passengers – 13 airports (in thousands):AirportAug-19Aug-20% ChangeJan-Aug 19Jan-Aug 20% Change Guadalajara890.4420.9(52.7%)6,929.53,501.3(49.5%) Tijuana*527.8420.4(20.3%)3,960.12,673.2(32.5%) Los Cabos201.3107.1(46.8%)1,304.1669.5(48.7%) Puerto Vallarta191.481.8(57.3%)1,226.9547.3(55.4%) Montego Bay0.80.0(100.0%)6.11.0(84.3%) Guanajuato176.980.7(54.4%)1,355.5628.4(53.6%) Hermosillo148.763.5(57.3%)1,174.0568.3(51.6%) Mexicali101.154.5(46.1%)780.9420.8(46.1%) Morelia38.332.0(16.4%)306.1239.5(21.8%) La Paz95.844.3(53.8%)668.2328.9(50.8%) Aguascalientes53.729.5(45.1%)414.9214.1(48.4%) Los Mochis31.513.8(56.1%)254.1118.6(53.3%) Manzanillo7.42.8(62.7%)64.330.4(52.7%) Total2,465.21,351.2(45.2%)18,444.79,941.2(46.1%) International Terminal Passengers – 13 airports (in thousands): AirportAug-19Aug-20% ChangeJan-Aug 19Jan-Aug 20% Change Guadalajara390.9182.6(53.3%)2,916.71,467.3(49.7%) Tijuana*244.3125.0(48.8%)1,931.71,067.2(44.8%) Los Cabos260.598.0(62.4%)2,596.01,157.5(55.4%) Puerto Vallarta155.437.9(75.6%)2,321.31,184.7(49.0%) Montego Bay400.767.7(83.1%)3,359.21,276.1(62.0%) Guanajuato61.324.6(59.9%)480.6208.2(56.7%) Hermosillo5.52.0(63.7%)46.425.7(44.6%) Mexicali0.60.1(82.4%)4.51.5(67.0%) Morelia36.319.9(45.2%)284.3141.8(50.1%) La Paz0.90.3(69.2%)8.64.5(48.0%) Aguascalientes21.88.9(59.2%)145.768.6(52.9%) Los Mochis0.60.1(82.5%)4.81.5(68.4%) Manzanillo2.81.0(63.0%)58.831.6(46.3%) Total1,581.8568.1(64.1%)14,158.66,636.1(53.1%) Total Terminal Passengers – 13 airports (in thousands): AirportAug-19Aug-20% ChangeJan-Aug 19Jan-Aug 20% Change Guadalajara1,281.3603.4(52.9%)9,846.24,968.6(49.5%) Tijuana*772.1545.4(29.4%)5,891.83,740.4(36.5%) Los Cabos461.9205.1(55.6%)3,900.11,827.0(53.2%) Puerto Vallarta346.8119.7(65.5%)3,548.21,731.9(51.2%) Montego Bay401.567.7(83.1%)3,365.31,277.1(62.1%) Guanajuato238.2105.3(55.8%)1,836.1836.6(54.4%) Hermosillo154.265.5(57.5%)1,220.3594.0(51.3%) Mexicali101.754.6(46.3%)785.3422.3(46.2%) Morelia74.651.9(30.4%)590.5381.2(35.4%) La Paz96.844.6(54.0%)676.8333.4(50.7%) Aguascalientes75.538.4(49.2%)560.5282.7(49.6%) Los Mochis32.113.9(56.6%)258.9120.1(53.6%) Manzanillo10.33.8(62.8%)123.262.1(49.6%) Total4,047.01,919.3(52.6%)32,603.216,577.3(49.2%) *Passengers in Tijuana who use CBX in both directions are classified as international. CBX Users: Aug-19Aug-20% ChangeJan-Aug 19Jan-Aug 20% Change Tijuana240.3124.4(48.2%)1,900.11,058.8(44.3%) Kingston Airport (in thousands): PassengersAug-19Aug-20% ChangeJan-Aug 19Jan-Aug 20% Change DomesticN/A0.0N/AN/A1.3N/A InternationalN/A47.8N/AN/A461.0N/A TotalN/A47.8N/AN/A462.3N/A Total Passengers – 14 airports (in thousands): PassengersAug-19Aug-20% ChangeJan-Aug 19Jan-Aug 20% Change Domestic2,465.21,351.2(45.2%)18,444.79,942.5(46.1%) International1,581.8615.9(61.1%)14,158.67,097.1(49.9%) Total4,047.01,967.1(51.4%)32,603.217,039.6(47.7%) Highlights for the Period: * While total traffic in August fell 51.4% for all 14 airports in the network, GAP’s Mexican airports experienced a decrease of 49.7%, with a gradual recovery in domestic traffic. * The number of seats available during August 2020 declined by 32.8% compared to August 2019; load factors for the month went from 83.3% in August 2019 to 60.1% in August 2020.Kingston:The Company assumed control of the Kingston Airport on October 10, 2019. Historical figures are presented for comparison purposes, for a total of 47.8 thousand passengers at August 2020, a 76.1% decline versus August 2019. 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 Concesiones 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 operation of the Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport 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 actually 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 June involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.IR Contacts:   Saúl Villarreal, Chief Financial Officer svillarreal@aeropuertosgap.com.mx Alejandra Soto, IR, Finance and Financial Planning Manager asoto@aeropuertosgap.com.mx Gisela Murillo, Investor Relations gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext. 20294 Maria Barona, i-advize Corporate Communications mbarona@i-advize.com