Grupo Aeroportuario del PacÃfico, S.A.B. de C.V., together with its subsidiaries, develops, manages, and operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (BajÃo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as two international airports in Jamaica. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.
IPO Year: 2006
Exchange: NYSE
Website: aeropuertosgap.com.mx
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | Neutral → Underweight | JP Morgan | |
| 8/28/2024 | Neutral → Buy | BofA Securities | |
| 10/24/2023 | Equal Weight → Overweight | Barclays | |
| 5/8/2023 | $205.00 → $215.00 | Hold → Buy | HSBC Securities |
| 3/1/2023 | $205.00 | Buy → Hold | HSBC Securities |
| 8/25/2022 | Hold → Buy | HSBC Securities | |
| 8/8/2022 | Underweight → Neutral | JP Morgan | |
| 1/28/2022 | Neutral → Sell | UBS | |
| 7/29/2021 | $124.00 | Sector Perform → Sector Outperform | Scotiabank |
| 7/8/2021 | Sell → Neutral | UBS |
GUADALAJARA, Mexico, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that today successfully completed the issuance of 56,481,343 (FIFTY-SIX MILLION FOUR HUNDRED EIGHTY ONE THOUSAND THREE HUNDRED FORTY-THREE) long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (ONE HUNDRED PESOS 00/100), for a total value of Ps. 5,648,134,300 (FIVE BILLION SIX HUNDRED FORTY-EIGHT MILLION ONE HUNDRED THIRTY-FOUR THOUSAND THREE HUNDRED PESOS 00/100 M.N.) with a five-year maturity. The order book reached an over-subscription of 1.2x over the original issuance amount. This
GUADALAJARA, Mexico, Sept. 04, 2024 (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 August 2024, compared with August 2023. For August 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 7.4%, compared to August 2023. Los Cabos, Tijuana, Puerto Vallarta and Guadalajara airports presented a decrease in passenger traffic of 11.1%, 8.4%, 5.9% and 3.4%, respectively, compared to August 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 9.4%. Domestic Terminal Passengers (in thousands):
GUADALAJARA, Mexico, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") that it has concluded the ordinary review process for the Master Development Program ("MDP") and Maximum Tariffs for its airports in Mexico, approved by the Ministry of Infrastructure, Communications and Transportation (Secretaría de Infraestructura, Comunicaciones y Transportes "SICT"), through the Federal Civil Aviation Agency (Agencia Federal de Aviación Civil "AFAC") for the 2025-2029 period. The maximum tariffs per workload unit for each airport were determined by the AFAC, based on projections for traffic, operating costs, and capita
GUADALAJARA, Mexico, Aug. 05, 2024 (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 July 2024, compared with July 2023. For July 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 4.9%, compared to July 2023. Tijuana, Los Cabos, and Puerto Vallarta airports presented a decrease in passenger traffic of 7.9%, 5.8%, and 3.3%, respectively, compared to July 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 13.7%. Domestic Terminal Passengers (in thousands): AirportJul-23Jul-24% ChangeJan- Jul 23Jan
GUADALAJARA, Mexico, July 30, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that today it published its Green Bond Report, following GAP's Green Bond Framework, which provides information on the allocation of resources and the impact of the projects financed with the Green Bond issued on October 15, 2021, with the ticker symbol GAP 21V for Ps. 1,500 million. This Green Bond Report can be consulted on GAP's website (www.aeropuertosgap.com.mx) in the "Investors" section. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, i
GUADALAJARA, Mexico, July 26, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") announces that it has signed amendments to the Concession Agreement with the Airports Authority of Jamaica ("AAJ") associated with the Montego Bay and Kingston Airports, derived from the effects suffered by the Concessionaires during the COVID-19 pandemic. The main amendments were the following: Montego Bay Airport: The Concession Period will expire thirty-one (31) years after the commencement date, in March 2034. This represents one additional year to the original Concession Period. Kingston Airport: Concession Fee changes from 62.
GUADALAJARA, Mexico, July 10, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") announces that it completed the refinancing of the credit facility that matured today with Banco Nacional de México, S.A., ("Citibanamex") for Ps. 1.0 billion, extending the maturity by 12 additional months. The interest will be payable monthly at a variable rate of TIIE-28 plus 18 basis points, without fees, and principal payment on July 10, 2025. 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
GUADALAJARA, Mexico, July 08, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) (the "Company" or "GAP") announces that following the resolution approved in the Extraordinary Shareholders' Meeting held on April 25th, 2024, regarding the capital reduction payment of Ps.13.86 (THIRTEEN PESOS 86/100 M.N.) per each outstanding share, the Company decided to make the payment in two installments. The first installment of the capital reduction payment will be equivalent to Ps. 6.93 (SIX PESOS 93/100 M.N.) per each outstanding share and will be paid on July 23, 2024. The capit
GUADALAJARA, Mexico, July 05, 2024 (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 June 2024, compared with June 2023. For June 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 2.1%, compared to June 2023. Puerto Vallarta and Guadalajara airports presented an increase in passenger traffic of 0.7% and 0.5%, respectively, while Tijuana and Los Cabos airports presented a decrease in passenger traffic of 5.8% and 0.4% respectively, compared to June 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of
GUADALAJARA, Mexico, July 04, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that yesterday, July 3, the Montego Bay and Kingston airports were in a preventive emergency due to the passage of Hurricane Beryl in Jamaica. Both airports remained closed from Tuesday, July 2 midnight through Wednesday, July 3. The Montego Bay airport did not present any major damage that would prevent its operation, so operations resumed today at 6:00 p.m. Kingston Airport suffered minor roof damage to the passenger boarding area; given these effects, the airport must remain closed this July 4 to implement corrective measures, reo
GUADALAJARA, Mexico, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that today successfully completed the issuance of 56,481,343 (FIFTY-SIX MILLION FOUR HUNDRED EIGHTY ONE THOUSAND THREE HUNDRED FORTY-THREE) long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (ONE HUNDRED PESOS 00/100), for a total value of Ps. 5,648,134,300 (FIVE BILLION SIX HUNDRED FORTY-EIGHT MILLION ONE HUNDRED THIRTY-FOUR THOUSAND THREE HUNDRED PESOS 00/100 M.N.) with a five-year maturity. The order book reached an over-subscription of 1.2x over the original issuance amount. This
GUADALAJARA, Mexico, Sept. 04, 2024 (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 August 2024, compared with August 2023. For August 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 7.4%, compared to August 2023. Los Cabos, Tijuana, Puerto Vallarta and Guadalajara airports presented a decrease in passenger traffic of 11.1%, 8.4%, 5.9% and 3.4%, respectively, compared to August 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 9.4%. Domestic Terminal Passengers (in thousands):
GUADALAJARA, Mexico, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") that it has concluded the ordinary review process for the Master Development Program ("MDP") and Maximum Tariffs for its airports in Mexico, approved by the Ministry of Infrastructure, Communications and Transportation (Secretaría de Infraestructura, Comunicaciones y Transportes "SICT"), through the Federal Civil Aviation Agency (Agencia Federal de Aviación Civil "AFAC") for the 2025-2029 period. The maximum tariffs per workload unit for each airport were determined by the AFAC, based on projections for traffic, operating costs, and capita
GUADALAJARA, Mexico, Aug. 05, 2024 (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 July 2024, compared with July 2023. For July 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 4.9%, compared to July 2023. Tijuana, Los Cabos, and Puerto Vallarta airports presented a decrease in passenger traffic of 7.9%, 5.8%, and 3.3%, respectively, compared to July 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 13.7%. Domestic Terminal Passengers (in thousands): AirportJul-23Jul-24% ChangeJan- Jul 23Jan
GUADALAJARA, Mexico, July 30, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that today it published its Green Bond Report, following GAP's Green Bond Framework, which provides information on the allocation of resources and the impact of the projects financed with the Green Bond issued on October 15, 2021, with the ticker symbol GAP 21V for Ps. 1,500 million. This Green Bond Report can be consulted on GAP's website (www.aeropuertosgap.com.mx) in the "Investors" section. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, i
GUADALAJARA, Mexico, July 26, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") announces that it has signed amendments to the Concession Agreement with the Airports Authority of Jamaica ("AAJ") associated with the Montego Bay and Kingston Airports, derived from the effects suffered by the Concessionaires during the COVID-19 pandemic. The main amendments were the following: Montego Bay Airport: The Concession Period will expire thirty-one (31) years after the commencement date, in March 2034. This represents one additional year to the original Concession Period. Kingston Airport: Concession Fee changes from 62.
GUADALAJARA, Mexico, July 10, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") announces that it completed the refinancing of the credit facility that matured today with Banco Nacional de México, S.A., ("Citibanamex") for Ps. 1.0 billion, extending the maturity by 12 additional months. The interest will be payable monthly at a variable rate of TIIE-28 plus 18 basis points, without fees, and principal payment on July 10, 2025. 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
GUADALAJARA, Mexico, July 08, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) (the "Company" or "GAP") announces that following the resolution approved in the Extraordinary Shareholders' Meeting held on April 25th, 2024, regarding the capital reduction payment of Ps.13.86 (THIRTEEN PESOS 86/100 M.N.) per each outstanding share, the Company decided to make the payment in two installments. The first installment of the capital reduction payment will be equivalent to Ps. 6.93 (SIX PESOS 93/100 M.N.) per each outstanding share and will be paid on July 23, 2024. The capit
GUADALAJARA, Mexico, July 05, 2024 (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 June 2024, compared with June 2023. For June 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 2.1%, compared to June 2023. Puerto Vallarta and Guadalajara airports presented an increase in passenger traffic of 0.7% and 0.5%, respectively, while Tijuana and Los Cabos airports presented a decrease in passenger traffic of 5.8% and 0.4% respectively, compared to June 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of
GUADALAJARA, Mexico, July 04, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that yesterday, July 3, the Montego Bay and Kingston airports were in a preventive emergency due to the passage of Hurricane Beryl in Jamaica. Both airports remained closed from Tuesday, July 2 midnight through Wednesday, July 3. The Montego Bay airport did not present any major damage that would prevent its operation, so operations resumed today at 6:00 p.m. Kingston Airport suffered minor roof damage to the passenger boarding area; given these effects, the airport must remain closed this July 4 to implement corrective measures, reo
Revised Guidance In accordance with the results as of June 30, 2024, as well as traffic growth expectations, the Company updates the growth guidance for the year 2024: GUIDANCE 2024 vs 2023 Passenger traffic (5%) - (3%) Aeronautical revenues (4%) - (2%) Non-aeronautical revenues 20% - 22% Total Revenue 2% - 4% EBITDA (1%) - 1% Margin EBITDA 67% +- 1% CAPEX Ps. 9.0 billion
Grupo Aeroportuario del (NYSE:PAC) reported quarterly earnings of $3.46 per share which beat the analyst consensus estimate of $3.01 by 14.92 percent. This is a 45.95 percent increase over earnings of $2.37 per share from the same period last year. The company reported quarterly sales of $421.466 million which missed the analyst consensus estimate of $454.752 million by 7.32 percent. This is a 10.85 percent decrease over sales of $472.780 million the same period last year.
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 June 2024, compared with June 2023. For June 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 2.1%, compared to June 2023. Puerto Vallarta and Guadalajara airports presented an increase in passenger traffic of 0.7% and 0.5%, respectively, while Tijuana and Los Cabos airports presented a decrease in passenger traffic of 5.8% and 0.4% respectively, compared to June 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 0.2%.
Proceeds from this loan will be allocated to pay and close the acquisition of 51.5% of the company's shares Guadalajara World Trade Center, S.A. de C.V. ("GWTC") announced last June 11.
GWTC is a group consisting of seven companies that specialize in handling, storage, and custody services for international cargo. These services are provided in facilities classified as free trade zone (recinto fiscal) at Guadalajara Airport and Puebla Airport. In 2023, GWTC generated revenues above Ps. 1.0 billion, with an EBITDA margin of around 40%, and without financial debt. The transaction is expected to be closed and paid no later than June 25, pending to define if through a bank loan or using the Company's resources.
For May 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 2.5%, compared to May 2023. Puerto Vallarta airport presented an increase in passenger traffic of 3.2%, while Tijuana, Guadalajara, and Los Cabos airports presented a decrease in passenger traffic of 5.2%, 2.7%, and 1.7% respectively, compared to May 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 0.3%.
Shares of Science Applications International Corporation (NASDAQ:SAIC) declined 11% to $119.91 following first-quarter results. SAIC reported a 9% revenue decline year over year in the fiscal first quarter of 2025 to $1.847 billion, marginally beating the analyst consensus estimate of $1.844 billion. Adjusted EPS of $1.92 was in line with the analyst consensus estimate, according to data from Benzinga Pro. SAIC shares dipped 11% to $119.91 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Microbot Medical Inc. (NASDAQ:MBOT) jumped 92.5% to $1.9301 after the company received FDA approval to proceed with its pivotal human clinical trial. Bio-Pa
SC 13G/A - Pacific Airport Group (0001347557) (Subject)
SC 13G - Pacific Airport Group (0001347557) (Subject)
SC 13D/A - Pacific Airport Group (0001347557) (Subject)
SC 13D/A - Pacific Airport Group (0001347557) (Subject)
SC 13D/A - Pacific Airport Group (0001347557) (Subject)
SC 13D/A - Pacific Airport Group (0001347557) (Subject)
SC 13D/A - Pacific Airport Group (0001347557) (Subject)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
6-K - Pacific Airport Group (0001347557) (Filer)
JP Morgan downgraded Grupo Aeroportuario del Pacifico from Neutral to Underweight
BofA Securities upgraded Grupo Aeroportuario del Pacifico from Neutral to Buy
Barclays upgraded Grupo Aeroportuario del Pacifico from Equal Weight to Overweight
HSBC Securities upgraded Grupo Aeroportuario del Pacifico from Hold to Buy and set a new price target of $215.00 from $205.00 previously
HSBC Securities downgraded Grupo Aeroportuario del Pacifico from Buy to Hold and set a new price target of $205.00
HSBC Securities upgraded Grupo Aeroportuario del Pacifico from Hold to Buy
JP Morgan upgraded Grupo Aeroportuario del Pacifico from Underweight to Neutral
UBS downgraded Grupo Aeroportuario del Pacifico from Neutral to Sell
Scotiabank upgraded Grupo Aeroportuario del Pacifico from Sector Perform to Sector Outperform and set a new price target of $124.00
UBS upgraded Grupo Aeroportuario del Pacifico from Sell to Neutral