Grupo Aeroportuario del Pacífico reports a 3.4% increase in December 2024 passenger traffic compared to December 2023.
Quiver AI Summary
Grupo Aeroportuario del Pacífico (GAP) reported a 3.4% increase in terminal passenger traffic across its 12 airports in December 2024 compared to December 2023. Significant growth was seen at Guadalajara (8.2%) and Tijuana (2.7%), while Puerto Vallarta and Los Cabos experienced slight declines. Montego Bay also reported a 5.6% decrease. Overall, domestic passenger numbers showed a decrease of 5.3% for the year, while international passengers increased by 2.3%. Despite a 3.1% decrease in available seats, load factors improved to 85.5%. The company announced several new routes from Guadalajara and other airports.
Potential Positives
- Total terminal passenger traffic at GAP's 12 Mexican airports increased by 3.4% in December 2024 compared to December 2023, indicating growth in business activity.
- Guadalajara airport saw an impressive 8.2% rise in passenger traffic, showcasing its strong performance as a key hub.
- The overall load factor improved significantly from 80.4% in December 2023 to 85.5% in December 2024, reflecting better capacity utilization.
- GAP announced several new routes from Guadalajara, enhancing connectivity and potential revenue opportunities.
Potential Negatives
- Despite an overall increase in terminal passenger traffic of 3.4%, significant declines in passenger traffic were reported at Puerto Vallarta (1.8%), Los Cabos (0.9%), and Montego Bay (5.6%), indicating potential issues in these key markets.
- The company's total year-on-year increase in terminal passengers for January to December 2024 shows a decline of 5.3%, which could signal a longer-term downward trend in travel demand.
- The available seats decreased by 3.1% despite an increase in load factors, suggesting potential inefficiencies in capacity management that may affect future growth.
FAQ
What were the passenger traffic figures for GAP in December 2024?
GAP's passenger traffic increased by 3.4% compared to December 2023, totaling 3,084,700 passengers.
Which airports saw the highest increase in passenger traffic?
Guadalajara and Tijuana airports saw increases of 8.2% and 2.7%, respectively.
Did any airports experience a decrease in passenger traffic?
Yes, Puerto Vallarta, Los Cabos, and Montego Bay experienced decreases of 1.8%, 0.9%, and 5.6%, respectively.
What new routes were introduced by GAP in December 2024?
New routes include Guadalajara-Mexicali, Guadalajara-Ciudad Obregon, and Guadalajara-Tulum, among others.
How did load factors change in December 2024?
Load factors increased from 80.4% in December 2023 to 85.5% in December 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
GUADALAJARA, Mexico, Jan. 06, 2025 (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 December 2024, compared with December 2023.
For December 2024, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 3.4%, compared to December 2023. Guadalajara and Tijuana airports presented an increase in passenger traffic of 8.2% and 2.7% respectively, while Puerto Vallarta and Los Cabos airports presented a decrease of 1.8% and 0.9% respectively, compared to December 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 5.6%, compared to December 2023.
Domestic Terminal Passengers (in thousands): | ||||||
Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
Guadalajara | 1,030.4 | 1,083.7 | 5.2% | 12,502.9 | 11,939.5 | (4.5%) |
Tijuana* | 711.6 | 714.6 | 0.4% | 8,870.4 | 8,431.6 | (4.9%) |
Los Cabos | 252.9 | 251.4 | (0.6%) | 2,965.7 | 2,830.4 | (4.6%) |
Puerto Vallarta | 230.6 | 248.5 | 7.7% | 2,860.1 | 2,841.9 | (0.6%) |
Montego Bay | 0.0 | 0.0 | N/A | 0.0 | 0.0 | N/A |
Guanajuato | 190.9 | 190.7 | (0.1%) | 2,345.6 | 2,116.6 | (9.8%) |
Hermosillo | 183.5 | 190.9 | 4.0% | 2,114.3 | 2,074.4 | (1.9%) |
Kingston | 0.2 | 0.4 | 145.8% | 1.8 | 2.9 | 60.9% |
Morelia | 66.6 | 65.4 | (1.8%) | 795.8 | 645.9 | (18.8%) |
La Paz | 105.1 | 108.6 | 3.4% | 1,102.0 | 1,191.9 | 8.2% |
Mexicali | 147.1 | 104.0 | (29.3%) | 1,596.7 | 1,026.9 | (35.7%) |
Aguascalientes | 52.9 | 56.6 | 7.1% | 639.7 | 636.1 | (0.6%) |
Los Mochis | 43.8 | 57.8 | 32.0% | 463.8 | 577.4 | 24.5% |
Manzanillo | 11.8 | 12.2 | 3.2% | 112.8 | 128.3 | 13.7% |
Total | 3,027.3 | 3,084.7 | 1.9 % | 36,371.5 | 34,443.8 | (5.3 %) |
International Terminal Passengers (in thousands): | ||||||
Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
Guadalajara | 531.6 | 606.9 | 14.2% | 5,207.4 | 5,909.1 | 13.5% |
Tijuana* | 395.6 | 422.3 | 6.7% | 4,324.5 | 4,114.1 | (4.9%) |
Los Cabos | 448.0 | 443.1 | (1.1%) | 4,749.8 | 4,657.8 | (1.9%) |
Puerto Vallarta | 467.4 | 437.0 | (6.5%) | 3,927.6 | 3,961.6 | 0.9% |
Montego Bay | 495.0 | 467.4 | (5.6%) | 5,211.7 | 5,057.0 | (3.0%) |
Guanajuato | 83.6 | 109.5 | 31.0% | 875.2 | 1,052.4 | 20.2% |
Hermosillo | 7.3 | 6.9 | (6.0%) | 75.5 | 82.5 | 9.2% |
Kingston | 155.8 | 177.0 | 13.7% | 1,746.3 | 1,774.3 | 1.6% |
Morelia | 49.9 | 66.6 | 33.4% | 588.5 | 658.8 | 12.0% |
La Paz | 1.1 | 2.2 | 104.9% | 13.9 | 14.1 | 1.8% |
Mexicali | 0.5 | 0.6 | 18.8% | 6.9 | 7.3 | 4.4% |
Aguascalientes | 25.7 | 29.9 | 16.4% | 288.3 | 325.7 | 13.0% |
Los Mochis | 0.7 | 0.6 | (11.5%) | 6.9 | 7.8 | 13.0% |
Manzanillo | 10.2 | 12.3 | 20.4% | 67.7 | 90.1 | 33.1% |
Total | 2,672.4 | 2,782.3 | 4.1 % | 27,090.2 | 27,712.6 | 2.3 % |
Total Terminal Passengers (in thousands): | ||||||
Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
Guadalajara | 1,562.0 | 1,690.6 | 8.2% | 17,710.2 | 17,848.7 | 0.8% |
Tijuana* | 1,107.2 | 1,136.9 | 2.7% | 13,194.9 | 12,545.8 | (4.9%) |
Los Cabos | 700.9 | 694.5 | (0.9%) | 7,715.5 | 7,488.2 | (2.9%) |
Puerto Vallarta | 698.0 | 685.5 | (1.8%) | 6,787.7 | 6,803.5 | 0.2% |
Montego Bay | 495.0 | 467.4 | (5.6%) | 5,211.7 | 5,057.0 | (3.0%) |
Guanajuato | 274.5 | 300.1 | 9.4% | 3,220.8 | 3,169.0 | (1.6%) |
Hermosillo | 190.7 | 197.7 | 3.7% | 2,189.9 | 2,156.9 | (1.5%) |
Kingston | 155.9 | 177.4 | 13.8% | 1,748.1 | 1,777.1 | 1.7% |
Morelia | 116.5 | 132.0 | 13.3% | 1,384.3 | 1,304.6 | (5.8%) |
La Paz | 106.2 | 110.8 | 4.4% | 1,115.8 | 1,206.0 | 8.1% |
Mexicali | 147.7 | 104.6 | (29.2%) | 1,603.6 | 1,034.1 | (35.5%) |
Aguascalientes | 78.6 | 86.5 | 10.2% | 928.0 | 961.8 | 3.6% |
Los Mochis | 44.5 | 58.4 | 31.3% | 470.7 | 585.2 | 24.3% |
Manzanillo | 22.1 | 24.5 | 11.2% | 180.5 | 218.4 | 21.0% |
Total | 5,699.7 | 5,867.1 | 2.9 % | 63,461.7 | 62,156.4 | (2.1 %) |
*Passengers in Tijuana who use CBX in both directions are classified as international. | ||||||
CBX users (in thousands): | ||||||
Airport | Dec-23 | Dec-24 | % Change | Jan- Dec 23 | Jan- Dec 24 | % Change |
Tijuana | 391.5 | 414.3 | 5.8% | 4,288.0 | 4,048.6 | (5.6%) |
Highlights for the month:
Seats and load factors
:
The seats available during December 2024 decreased by 3.1%, compared to December 2023. The load factors for the month went from 80.4% in December 2023 to 85.5% in December 2024.
New routes:
Guadalajara – Mexicali: Viva
Guadalajara – Ciudad Obregon: Viva
Guadalajara – Torreon: Viva
Guadalajara – Puerto Escondido: Viva
Guadalajara – Tulum: Volaris
Guadalajara – Oakland: Viva
Guadalajara – Las Vegas: Viva
Guadalajara – San Antonio: Viva
Guadalajara – Fresno: Alaska
Guadalajara – Dallas-Fort Worth: Viva
Guadalajara – Las Vegas: Aeromexico
Guadalajara – Miami: Aeromexico
Guadalajara – Orlando: Aeromexico
Guadalajara – Denver: Aeromexico
Mexicali – Guadalajara: Viva
Manzanillo – Los Angeles: Aeromexico
Montego Bay – Lima: LATAM
Kingston – Fort Lauderdale: Caribbean Airlines
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 |
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