Grupo Aeroportuario del Pacifico Reports Passenger Traffic Decrease of 51.4% for the Month of August
September 03 2020 - 7:19PM
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):
Airport |
Aug-19 |
Aug-20 |
% Change |
Jan-Aug 19 |
Jan-Aug 20 |
% Change |
Guadalajara |
890.4 |
420.9 |
(52.7%) |
6,929.5 |
3,501.3 |
(49.5%) |
Tijuana* |
527.8 |
420.4 |
(20.3%) |
3,960.1 |
2,673.2 |
(32.5%) |
Los Cabos |
201.3 |
107.1 |
(46.8%) |
1,304.1 |
669.5 |
(48.7%) |
Puerto Vallarta |
191.4 |
81.8 |
(57.3%) |
1,226.9 |
547.3 |
(55.4%) |
Montego Bay |
0.8 |
0.0 |
(100.0%) |
6.1 |
1.0 |
(84.3%) |
Guanajuato |
176.9 |
80.7 |
(54.4%) |
1,355.5 |
628.4 |
(53.6%) |
Hermosillo |
148.7 |
63.5 |
(57.3%) |
1,174.0 |
568.3 |
(51.6%) |
Mexicali |
101.1 |
54.5 |
(46.1%) |
780.9 |
420.8 |
(46.1%) |
Morelia |
38.3 |
32.0 |
(16.4%) |
306.1 |
239.5 |
(21.8%) |
La Paz |
95.8 |
44.3 |
(53.8%) |
668.2 |
328.9 |
(50.8%) |
Aguascalientes |
53.7 |
29.5 |
(45.1%) |
414.9 |
214.1 |
(48.4%) |
Los Mochis |
31.5 |
13.8 |
(56.1%) |
254.1 |
118.6 |
(53.3%) |
Manzanillo |
7.4 |
2.8 |
(62.7%) |
64.3 |
30.4 |
(52.7%) |
Total |
2,465.2 |
1,351.2 |
(45.2%) |
18,444.7 |
9,941.2 |
(46.1%) |
International Terminal Passengers – 13 airports (in
thousands):
Airport |
Aug-19 |
Aug-20 |
% Change |
Jan-Aug 19 |
Jan-Aug 20 |
% Change |
Guadalajara |
390.9 |
182.6 |
(53.3%) |
2,916.7 |
1,467.3 |
(49.7%) |
Tijuana* |
244.3 |
125.0 |
(48.8%) |
1,931.7 |
1,067.2 |
(44.8%) |
Los Cabos |
260.5 |
98.0 |
(62.4%) |
2,596.0 |
1,157.5 |
(55.4%) |
Puerto Vallarta |
155.4 |
37.9 |
(75.6%) |
2,321.3 |
1,184.7 |
(49.0%) |
Montego Bay |
400.7 |
67.7 |
(83.1%) |
3,359.2 |
1,276.1 |
(62.0%) |
Guanajuato |
61.3 |
24.6 |
(59.9%) |
480.6 |
208.2 |
(56.7%) |
Hermosillo |
5.5 |
2.0 |
(63.7%) |
46.4 |
25.7 |
(44.6%) |
Mexicali |
0.6 |
0.1 |
(82.4%) |
4.5 |
1.5 |
(67.0%) |
Morelia |
36.3 |
19.9 |
(45.2%) |
284.3 |
141.8 |
(50.1%) |
La Paz |
0.9 |
0.3 |
(69.2%) |
8.6 |
4.5 |
(48.0%) |
Aguascalientes |
21.8 |
8.9 |
(59.2%) |
145.7 |
68.6 |
(52.9%) |
Los Mochis |
0.6 |
0.1 |
(82.5%) |
4.8 |
1.5 |
(68.4%) |
Manzanillo |
2.8 |
1.0 |
(63.0%) |
58.8 |
31.6 |
(46.3%) |
Total |
1,581.8 |
568.1 |
(64.1%) |
14,158.6 |
6,636.1 |
(53.1%) |
Total Terminal Passengers – 13 airports (in
thousands):
Airport |
Aug-19 |
Aug-20 |
% Change |
Jan-Aug 19 |
Jan-Aug 20 |
% Change |
Guadalajara |
1,281.3 |
603.4 |
(52.9%) |
9,846.2 |
4,968.6 |
(49.5%) |
Tijuana* |
772.1 |
545.4 |
(29.4%) |
5,891.8 |
3,740.4 |
(36.5%) |
Los Cabos |
461.9 |
205.1 |
(55.6%) |
3,900.1 |
1,827.0 |
(53.2%) |
Puerto Vallarta |
346.8 |
119.7 |
(65.5%) |
3,548.2 |
1,731.9 |
(51.2%) |
Montego Bay |
401.5 |
67.7 |
(83.1%) |
3,365.3 |
1,277.1 |
(62.1%) |
Guanajuato |
238.2 |
105.3 |
(55.8%) |
1,836.1 |
836.6 |
(54.4%) |
Hermosillo |
154.2 |
65.5 |
(57.5%) |
1,220.3 |
594.0 |
(51.3%) |
Mexicali |
101.7 |
54.6 |
(46.3%) |
785.3 |
422.3 |
(46.2%) |
Morelia |
74.6 |
51.9 |
(30.4%) |
590.5 |
381.2 |
(35.4%) |
La Paz |
96.8 |
44.6 |
(54.0%) |
676.8 |
333.4 |
(50.7%) |
Aguascalientes |
75.5 |
38.4 |
(49.2%) |
560.5 |
282.7 |
(49.6%) |
Los Mochis |
32.1 |
13.9 |
(56.6%) |
258.9 |
120.1 |
(53.6%) |
Manzanillo |
10.3 |
3.8 |
(62.8%) |
123.2 |
62.1 |
(49.6%) |
Total |
4,047.0 |
1,919.3 |
(52.6%) |
32,603.2 |
16,577.3 |
(49.2%) |
*Passengers in Tijuana who use CBX in both directions are
classified as international.
CBX Users:
|
Aug-19 |
Aug-20 |
% Change |
Jan-Aug 19 |
Jan-Aug 20 |
% Change |
Tijuana |
240.3 |
124.4 |
(48.2%) |
1,900.1 |
1,058.8 |
(44.3%) |
Kingston Airport (in thousands):
Passengers |
Aug-19 |
Aug-20 |
% Change |
Jan-Aug 19 |
Jan-Aug 20 |
% Change |
Domestic |
N/A |
0.0 |
N/A |
N/A |
1.3 |
N/A |
International |
N/A |
47.8 |
N/A |
N/A |
461.0 |
N/A |
Total |
N/A |
47.8 |
N/A |
N/A |
462.3 |
N/A |
Total Passengers – 14 airports (in
thousands):
Passengers |
Aug-19 |
Aug-20 |
% Change |
Jan-Aug 19 |
Jan-Aug 20 |
% Change |
Domestic |
2,465.2 |
1,351.2 |
(45.2%) |
18,444.7 |
9,942.5 |
(46.1%) |
International |
1,581.8 |
615.9 |
(61.1%) |
14,158.6 |
7,097.1 |
(49.9%) |
Total |
4,047.0 |
1,967.1 |
(51.4%) |
32,603.2 |
17,039.6 |
(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 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 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 |
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