Grupo Aeroportuario del Pacifico Reports Passenger Traffic Decrease of 62.3% for the Month of July
August 05 2020 - 6:53PM
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 July 2020, compared to
traffic figures for July 2019.
For July 2020, the total number of terminal
passengers at GAP’s 14 airports decreased by 62.3%, compared to the
same period of the previous year. Domestic passenger traffic
decreased by 56.4%, while international passenger traffic decreased
by 70.7%.
With regard to the operations of our airports in
Mexico, the Mexican Government has not issued any flight
restrictions and airlines continue to increase the frequencies of
their domestic and international flights. In the case of Jamaica,
flight restrictions were lifted on June 15, 2020, with strict
health safety protocols.
Domestic Terminal Passengers – 13 airports (in
thousands): |
Airport |
Jul-19 |
Jul-20 |
% Change |
Jan-Jul 19 |
Jan-Jul 20 |
% Change |
Guadalajara |
944.8 |
|
350.1 |
|
(62.9 |
%) |
6,039.1 |
|
3,080.4 |
|
(49.0 |
%) |
Tijuana* |
537.5 |
|
372.5 |
|
(30.7 |
%) |
3,432.4 |
|
2,252.8 |
|
(34.4 |
%) |
Puerto Vallarta |
204.2 |
|
63.7 |
|
(68.8 |
%) |
1,035.5 |
|
465.5 |
|
(55.0 |
%) |
Los Cabos |
217.3 |
|
83.6 |
|
(61.5 |
%) |
1,102.8 |
|
562.4 |
|
(49.0 |
%) |
Montego Bay |
1.1 |
|
0.0 |
|
(100.0 |
%) |
5.3 |
|
1.0 |
|
(81.9 |
%) |
Guanajuato |
184.3 |
|
67.2 |
|
(63.5 |
%) |
1,178.5 |
|
547.7 |
|
(53.5 |
%) |
Hermosillo |
165.3 |
|
50.2 |
|
(69.6 |
%) |
1,025.3 |
|
504.8 |
|
(50.8 |
%) |
Mexicali |
110.4 |
|
42.5 |
|
(61.5 |
%) |
679.8 |
|
366.4 |
|
(46.1 |
%) |
Morelia |
41.9 |
|
35.5 |
|
(15.3 |
%) |
267.8 |
|
207.4 |
|
(22.5 |
%) |
La Paz |
106.0 |
|
37.6 |
|
(64.5 |
%) |
572.3 |
|
284.7 |
|
(50.3 |
%) |
Aguascalientes |
55.9 |
|
27.0 |
|
(51.7 |
%) |
361.2 |
|
184.6 |
|
(48.9 |
%) |
Los Mochis |
35.5 |
|
7.4 |
|
(79.2 |
%) |
222.6 |
|
104.8 |
|
(52.9 |
%) |
Manzanillo |
7.7 |
|
2.6 |
|
(66.5 |
%) |
56.9 |
|
27.7 |
|
(51.4 |
%) |
Total |
2,611.7 |
|
1,139.9 |
|
(56.4 |
%) |
15,979.4 |
|
8,590.1 |
|
(46.2 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Terminal Passengers – 13 airports (in
thousands): |
Airport |
Jul-19 |
Jul-20 |
% Change |
Jan-Jul 19 |
Jan-Jul 20 |
% Change |
Guadalajara |
449.0 |
|
167.1 |
|
(62.8 |
%) |
2,525.7 |
|
1,284.8 |
|
(49.1 |
%) |
Tijuana* |
293.2 |
|
117.2 |
|
(60.0 |
%) |
1,687.3 |
|
942.2 |
|
(44.2 |
%) |
Puerto Vallarta |
195.3 |
|
35.4 |
|
(81.9 |
%) |
2,165.9 |
|
1,146.8 |
|
(47.1 |
%) |
Los Cabos |
316.2 |
|
84.2 |
|
(73.4 |
%) |
2,335.4 |
|
1,059.4 |
|
(54.6 |
%) |
Montego Bay |
442.0 |
|
58.8 |
|
(86.7 |
%) |
2,958.5 |
|
1,208.4 |
|
(59.2 |
%) |
Guanajuato |
74.2 |
|
18.5 |
|
(75.1 |
%) |
419.3 |
|
183.6 |
|
(56.2 |
%) |
Hermosillo |
6.4 |
|
3.0 |
|
(52.2 |
%) |
40.9 |
|
23.7 |
|
(42.0 |
%) |
Mexicali |
0.6 |
|
0.1 |
|
(86.7 |
%) |
3.9 |
|
1.4 |
|
(64.8 |
%) |
Morelia |
41.0 |
|
13.0 |
|
(68.4 |
%) |
248.1 |
|
121.9 |
|
(50.9 |
%) |
La Paz |
1.0 |
|
0.4 |
|
(59.7 |
%) |
7.6 |
|
4.2 |
|
(45.4 |
%) |
Aguascalientes |
24.5 |
|
4.4 |
|
(81.9 |
%) |
123.8 |
|
59.7 |
|
(51.8 |
%) |
Los Mochis |
0.7 |
|
0.1 |
|
(87.6 |
%) |
4.2 |
|
1.4 |
|
(66.4 |
%) |
Manzanillo |
3.7 |
|
1.0 |
|
(71.8 |
%) |
56.0 |
|
30.6 |
|
(45.4 |
%) |
Total |
1,847.7 |
|
503.2 |
|
(72.8 |
%) |
12,576.8 |
|
6,068.0 |
|
(51.8 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Terminal Passengers – 13 airports (in
thousands): |
Airport |
Jul-19 |
Jul-20 |
% Change |
Jan-Jul 19 |
Jan-Jul 20 |
% Change |
Guadalajara |
1,393.8 |
|
517.1 |
|
(62.9 |
%) |
8,564.9 |
|
4,365.2 |
|
(49.0 |
%) |
Tijuana* |
830.6 |
|
489.7 |
|
(41.0 |
%) |
5,119.7 |
|
3,195.0 |
|
(37.6 |
%) |
Puerto Vallarta |
399.5 |
|
99.2 |
|
(75.2 |
%) |
3,201.4 |
|
1,612.3 |
|
(49.6 |
%) |
Los Cabos |
533.4 |
|
167.8 |
|
(68.5 |
%) |
3,438.2 |
|
1,621.8 |
|
(52.8 |
%) |
Montego Bay |
443.1 |
|
58.8 |
|
(86.7 |
%) |
2,963.8 |
|
1,209.3 |
|
(59.2 |
%) |
Guanajuato |
258.4 |
|
85.7 |
|
(66.8 |
%) |
1,597.8 |
|
731.3 |
|
(54.2 |
%) |
Hermosillo |
171.7 |
|
53.2 |
|
(69.0 |
%) |
1,066.1 |
|
528.5 |
|
(50.4 |
%) |
Mexicali |
111.0 |
|
42.5 |
|
(61.7 |
%) |
683.7 |
|
367.7 |
|
(46.2 |
%) |
Morelia |
82.9 |
|
48.5 |
|
(41.5 |
%) |
515.9 |
|
329.3 |
|
(36.2 |
%) |
La Paz |
107.0 |
|
38.0 |
|
(64.4 |
%) |
580.0 |
|
288.8 |
|
(50.2 |
%) |
Aguascalientes |
80.4 |
|
31.5 |
|
(60.9 |
%) |
485.0 |
|
244.4 |
|
(49.6 |
%) |
Los Mochis |
36.2 |
|
7.5 |
|
(79.4 |
%) |
226.9 |
|
106.2 |
|
(53.2 |
%) |
Manzanillo |
11.4 |
|
3.6 |
|
(68.2 |
%) |
112.9 |
|
58.2 |
|
(48.4 |
%) |
Total |
4,459.4 |
|
1,643.1 |
|
(63.2 |
%) |
28,556.2 |
|
14,658.0 |
|
(48.7 |
%) |
*Passengers in Tijuana who use CBX in both directions are
classified as international. |
CBX Users: |
Airport |
Jul-19 |
Jul-20 |
% Change |
Jan-Jul 19 |
Jan-Jul 20 |
% Change |
Tijuana |
288.9 |
|
116.6 |
|
(59.6 |
%) |
1,659.9 |
|
934.3 |
|
(43.7 |
%) |
Kingston |
Passengers |
Jul-19 |
|
Jul-20 |
|
%
Change |
Jan-Jul 19 |
|
Jan-Jul 20 |
|
% Change |
Domestic |
N/A |
|
0.0 |
|
N/A |
|
N/A |
|
1.3 |
|
N/A |
|
International |
N/A |
|
38.1 |
|
N/A |
|
N/A |
|
413.2 |
|
N/A |
|
Total |
N/A |
|
38.1 |
|
N/A |
|
N/A |
|
414.5 |
|
N/A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Passengers – 14 airports (in
thousands): |
Passengers |
Jul-19 |
|
Jul-20 |
|
%
Change |
Jan-Jul 19 |
|
Jan-Jul 20 |
|
% Change |
Domestic |
2,611.7 |
|
1,139.9 |
|
(56.4 |
%) |
15,979.4 |
|
8,591.4 |
|
(46.2 |
%) |
International |
1,847.7 |
|
541.3 |
|
(70.7 |
%) |
12,576.8 |
|
6,481.2 |
|
(48.5 |
%) |
Total |
4,459.4 |
|
1,681.2 |
|
(62.3 |
%) |
28,556.2 |
|
15,072.5 |
|
(47.2 |
%) |
Highlights for the Period:The
number of seats available during July 2020 declined 36.4% compared
to July 2019; while load factors for the month went from 88.4% in
July 2019 to 50.7% in July 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 38.1 thousand passengers at July 2020, an 81.0% decline
versus July 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 and Financial Planning Manager |
|
asoto@aeropuertosgap.com.mx |
Gisela Murillo, Investor Relations |
|
gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294 |
Maria Barona, i-advize Corporate Communications |
|
mbarona@i-advize.com |
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