Grupo Aeroportuario del Pacifico Announces Growth Guidance for the Full Year 2024
19 Januar 2024 - 11:27PM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV:
GAP) (“the Company” or “GAP”) announced today its growth guidance
for the full year 2024 compared to 2023.
|
Traffic |
(5%) - (3%) |
|
|
Aeronautical revenues |
(4%) - (2%) |
|
|
Non-aeronautical revenues |
12% - 14% |
|
|
Total revenues |
0% - 2% |
|
|
EBITDA |
(7%) - (5%) |
|
|
EBITDA Margin |
65% + - 1% |
|
|
CAPEX |
Ps. 9.0 billion |
|
• Passenger traffic estimates are based on the consolidation of
the routes developed to date, the estimated load factors, and the
aircrafts expected to be grounded due to the accelerated GTF engine
preventive inspections.
• The revenues are based on traffic performance,
applicable passenger fees, inflation, contract terms, and current
commercial agreements, as well as the development of other business
lines operated directly by the Company.
• The increase in the cost of services reflects
operating requirements needed to meet airport service demand,
infrastructure expansion and quality service improvements,
inflation, increase in minimum wages, increase in the concession
taxes, and the hiring of additional personnel for the operations,
maintenance, security, and cleaning.
• CAPEX reflects committed investments for GAP
airports under the Master Development Program as well as
investments in commercial spaces, parking lots, and the final stage
of the Mixed-use Building at Guadalajara airport.
These figures are based on the Company’s current
expectation of domestic and international aeronautical industry
growth during 2024, as supported by GAP’s strategy of focusing on
medium- and long-term business fundamentals.
These figures are estimates based on current
assumptions that management believes are reasonable. Many of the
factors affecting these current assumptions and the estimates on
which they are based are outside of the Company’s control. They are
subject to change over the year based on various external factors
including, but not limited to, airline performance, domestic and
international economic conditions, and government regulations. For
a more extensive list of risk factors that could affect our
business, please refer to GAP’s annual report on Form 20-F for the
year ended December 31, 2022, published in April 2023.
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 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 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 |
Gap (TG:GAP)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Gap (TG:GAP)
Historical Stock Chart
Von Dez 2023 bis Dez 2024