Grupo Aeroportuario del Pacífico, 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 2016, compared to traffic figures for February 2015.
During February 2016, total terminal passengers increased 19.2% in the 13 airports, compared to the same period of the previous year. Domestic passenger traffic presented a 24.5% increase, while international passenger traffic increased 13.7%. For purposes of the comparison, note that 2016 is a leap-year; therefore, figures include an extra day of operations.
The following items are highlights from traffic results for the month of February:
Seats and Load Factor: GAP registered a 16.0% increase in the number of seats. Load factor grew 2.1 percentage points to 77.6%.
- Guadalajara: In February, Interjet initiated a daily route to Los Angeles, which will contribute 9 thousand seats to the international market on a monthly basis. Meanwhile, the domestic market registered a 9.9% increase in the number of seats offered, primarily as a result of an increase in flights to Cancun, Mexico City and Tijuana.
- Puerto Vallarta: Domestic traffic continues to be the main growth driver, increasing 18.9%; while international traffic increased 12.5%. The main growth contributors were VivaAerobus, which doubled its number of flights from Mexico City, and Volaris, which doubled its number of flights from Monterrey. Southwest had the highest growth in the international market, contributing 49% of international new seats.
- Los Cabos: Passenger traffic reached a new record high driven by a fully restored hotel capacity. Even though the number of seats grew by 9.5%, traffic is growing by 23.3%, resulting in a significant 9.6% improvement in the load factor for airlines.
- Tijuana: The percentage growth rate for February was the highest growth rate in the last 6 years. During the month, the number of seats grew 40.5%, mainly driven by the 127 thousand seats increase by Volaris, followed by VivaAerobus with 17 thousand seats, Aeromexico with 9 thousand seats, and finally, Interjet with 2 thousand additional seats. The airport continues to position itself as a leading option for entry to Southern California, due to its competitive rates and the recent opening of the Cross-Border Xpress. The cross-border bridge registered market penetration of approximately 15.0% of Tijuana airport total passengers in February, reaching more than 63,000 users crossing the border using the bridge.
Grupo Aeroportuario del Pacífico Reports Passenger Traffic Increase of 19.2% for the Month of February (Photo: Google)
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 of MJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.
