Grupo Aeroportuario del Pacifico Reports Passenger Traffic Decrease of 52.7% for the Month of February

GUADALAJARA, Mexico, March 04, 2021 (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 February 2021, compared to traffic figures for February 2020.
For February 2021, the total number of terminal passengers at GAP’s 14 airports decreased by 52.7%, compared to the same period of the previous year. Domestic passenger traffic decreased by 38.0%, while international passenger traffic decreased by 69.0%.Domestic traffic continues to strengthen at our 12 Mexican airports as airlines continue to gradually increase their operations. However, international traffic declined due to new requirements put in place to enter the United States, as well as the suspension of flights from Mexico and the Caribbean by the government of Canada.
Highlights for the Period:
The number of seats available during February 2021 declined by 13.2% compared to February 2020; load factors for the month went from 83.3% in February 2020 to 48.3% in February 2021.
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.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.