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):
International Terminal Passengers – 13 airports (in thousands):
Total Terminal Passengers – 13 airports (in thousands):
*Passengers in Tijuana who use CBX in both directions are classified as international.
CBX Users:
Kingston Airport (in thousands):
Total Passengers – 14 airports (in thousands):
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.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.
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