GAP Gale Pacific Limited

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 October 2020, compared to traffic figures for October 2019.

For October 2020, the total number of terminal passengers at GAP’s 14 airports decreased by 34.9%, compared to the same period of the previous year. Domestic passenger traffic decreased by 29.5%, while international passenger traffic decreased by 43.6%.

Domestic Terminal Passengers – 13 airports (in thousands):

Airport	Oct-19	Oct-20	% Change		Jan-Oct 19	Jan-Oct 20	% Change
Guadalajara	914.4	556.7	(39.1	%)	8,680.2	4,547.0	(47.6	%)
Tijuana*	514.8	485.4	(5.7	%)	4,965.9	3,576.7	(28.0	%)
Los Cabos	154.6	136.8	(11.5	%)	1,602.3	921.4	(42.5	%)
Puerto Vallarta	149.8	97.9	(34.6	%)	1,521.0	730.4	(52.0	%)
Montego Bay	0.8	0.0	(100.0	%)	7.7	1.0	(87.6	%)
Guanajuato	179.8	105.1	(41.6	%)	1,702.1	827.1	(51.4	%)
Hermosillo	168.9	98.4	(41.7	%)	1,484.6	747.5	(49.7	%)
Mexicali	105.3	63.5	(39.7	%)	976.4	539.0	(44.8	%)
Kingston	0.7	0.0	(97.9	%)	0.7	1.3	84.4	%
Morelia	40.4	32.9	(18.5	%)	383.2	302.1	(21.2	%)
La Paz	83.6	58.3	(30.3	%)	824.0	432.5	(47.5	%)
Aguascalientes	54.4	34.7	(36.2	%)	520.0	280.0	(46.2	%)
Los Mochis	33.6	22.8	(32.1	%)	316.4	158.5	(49.9	%)
Manzanillo	7.3	4.3	(40.6	%)	77.8	38.6	(50.4	%)
Total	2,408.5	1,696.9	(29.5	%)	23,062.3	13,103.0	(43.2	%)

 

International Terminal Passengers – 13 airports (in thousands):

Airport	Oct-19	Oct-20	% Change		Jan-Oct 19	Jan-Oct 20	% Change
Guadalajara	344.8	204.5	(40.7	%)	3,579.3	1,850.6	(48.3	%)
Tijuana*	220.8	160.7	(27.2	%)	2,356.9	1,367.8	(42.0	%)
Los Cabos	245.8	184.5	(25.0	%)	3,010.5	1,443.9	(52.0	%)
Puerto Vallarta	158.1	95.2	(39.8	%)	2,576.3	1,325.0	(48.6	%)
Montego Bay	287.0	75.6	(73.7	%)	3,902.3	1,399.7	(64.1	%)
Guanajuato	48.5	28.6	(41.0	%)	576.7	262.4	(54.5	%)
Hermosillo	5.9	4.3	(27.6	%)	57.5	33.0	(42.7	%)
Mexicali	0.5	0.2	(67.9	%)	5.6	1.8	(67.7	%)
Kingston	100.6	36.7	(63.6	%)	100.6	531.0	427.7	%
Morelia	31.9	23.0	(28.0	%)	344.7	185.1	(46.3	%)
La Paz	1.0	0.5	(54.4	%)	10.4	5.2	(50.4	%)
Aguascalientes	17.9	11.3	(36.6	%)	182.2	89.3	(51.0	%)
Los Mochis	0.5	0.2	(57.3	%)	5.9	1.9	(68.6	%)
Manzanillo	2.0	1.4	(29.2	%)	62.7	34.0	(45.8	%)
Total	1,465.3	826.5	(43.6	%)	16,771.8	8,530.6	(49.1	%)

Total Terminal Passengers – 13 airports (in thousands):

Airport	Oct-19	Oct-20	% Change		Jan-Oct 19	Jan-Oct 20	% Change
Guadalajara	1,259.2	761.2	(39.6	%)	12,259.5	6,397.7	(47.8	%)
Tijuana*	735.6	646.1	(12.2	%)	7,322.7	4,944.5	(32.5	%)
Los Cabos	400.4	321.3	(19.8	%)	4,612.8	2,365.3	(48.7	%)
Puerto Vallarta	307.9	193.1	(37.3	%)	4,097.3	2,055.4	(49.8	%)
Montego Bay	287.8	75.6	(73.7	%)	3,910.0	1,400.7	(64.2	%)
Guanajuato	228.3	133.7	(41.4	%)	2,278.7	1,089.4	(52.2	%)
Hermosillo	174.8	102.7	(41.3	%)	1,542.2	780.5	(49.4	%)
Mexicali	105.8	63.7	(39.8	%)	982.0	540.8	(44.9	%)
Kingston	101.4	36.7	(63.8	%)	101.4	532.4	425.2	%
Morelia	72.3	55.9	(22.7	%)	728.0	487.2	(33.1	%)
La Paz	84.6	58.8	(30.6	%)	834.4	437.6	(47.6	%)
Aguascalientes	72.2	46.0	(36.3	%)	702.2	369.2	(47.4	%)
Los Mochis	34.1	23.0	(32.4	%)	322.3	160.4	(50.2	%)
Manzanillo	9.3	5.8	(38.1	%)	140.5	72.6	(48.3	%)
Total	3,873.8	2,523.5	(34.9	%)	39,834.1	21,633.6	(45.7	%)

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX Users (in thousands):

Airport	Oct-19	Oct-20	% Change		Jan-Oct 19	Jan-Oct 20	% Change
Tijuana	217.0	159.6	(26.5	%)	2,317.9	1,357.6	(41.4	%)

 

Highlights for the Period:

• Traffic trends in the Mexican airports continue to strengthen during 2020, presenting a 30.8%, decrease in October, compared to the 35.8% in September. For the accumulated nine-month period, these airports declined by 45.0% compared to the same period of 2019. 
• The number of seats available during October 2020 declined by 23.5% compared to October 2019; load factors for the month went from 80.5% in October 2019 to 71.3% in October 2020. 
• The Company assumed control of the Kingston Airport on October 10, 2019; as such, the tables include this airport and present comparative figures for the ten months of 2020, and one month in 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 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 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