GAP Gap Inc

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 the month of May 2021, which includes comparisons with the 2019 and 2020 figures to facilitate the reading and understanding of the passenger traffic trend.

For May 2021, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 4.6%, compared to the same period of 2019. Tijuana and Los Cabos airports presented an increase in passenger traffic of 14.3% and 9.1%, respectively, while the Puerto Vallarta and Guadalajara airports presented a decrease of only 6.3% and 15.2%, respectively, which demonstrates a positive trend in our main airports.

Passenger traffic 2021 compared to 2019 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	May-19	May-21	%Change		Jan-May 19	Jan-May 21	%Change
Guadalajara	922.0	757.2	(17.9	%)	4,205.5	3,023.3	(28.1	%)
Tijuana*	528.5	622.8	17.8	%	2,397.0	2,619.2	9.3	%
Los Cabos	160.8	178.3	10.8	%	717.5	712.7	(0.7	%)
Puerto Vallarta	157.8	153.9	(2.5	%)	660.6	595.0	(9.9	%)
Guanajuato	185.6	137.7	(25.8	%)	818.0	548.6	(32.9	%)
Montego Bay	0.9	0.0	(100.0	%)	3.5	0.0	(100.0	%)
Hermosillo	164.9	122.1	(25.9	%)	705.8	496.3	(29.7	%)
Mexicali	106.3	92.0	(13.5	%)	473.5	369.0	(22.1	%)
Morelia	39.2	52.0	32.7	%	185.8	206.6	11.2	%
La Paz	84.0	78.7	(6.3	%)	379.4	319.8	(15.7	%)
Aguascalientes	59.5	51.8	(13.0	%)	257.7	193.9	(24.8	%)
Kingston	0.0	0.0	N/A		0.0	0.2	N/A
Los Mochis	33.8	31.9	(5.5	%)	155.4	133.5	(14.1	%)
Manzanillo	8.8	7.7	(11.9	%)	41.0	32.2	(21.4	%)
Total	2,452.0	2,286.1	(6.8	%)	11,000.7	9,250.4	(15.9	%)

International Terminal Passengers – 14 airports (in thousands):

Airport	May-19	May-21	%Change		Jan-May 19	Jan-May 21	%Change
Guadalajara	368.3	336.6	(8.6	%)	1,696.0	1,183.8	(30.2	%)
Tijuana*	237.1	252.1	6.3	%	1,133.9	889.9	(21.5	%)
Los Cabos	299.9	324.5	8.2	%	1,702.0	1,135.0	(33.3	%)
Puerto Vallarta	204.5	185.5	(9.3	%)	1,771.2	706.3	(60.1	%)
Guanajuato	56.3	57.9	2.7	%	285.3	179.0	(37.2	%)
Montego Bay	365.1	214.9	(41.1	%)	2,125.2	677.2	(68.1	%)
Hermosillo	5.6	8.3	48.6	%	28.2	35.6	26.0	%
Mexicali	0.6	0.4	(39.8	%)	2.6	1.3	(49.2	%)
Morelia	34.7	36.5	5.1	%	169.6	138.2	(18.5	%)
La Paz	1.1	1.1	(0.5	%)	5.7	6.0	5.2	%
Aguascalientes	18.2	19.5	7.1	%	79.6	68.4	(14.1	%)
Kingston	0.0	59.4	N/A		0.0	219.7	N/A
Los Mochis	0.6	0.7	27.9	%	2.8	3.1	10.7	%
Manzanillo	3.6	4.2	19.1	%	49.0	17.1	(65.1	%)
Total	1,595.5	1,501.5	(5.9	%)	9,051.1	5,260.7	(41.9	%)

Total Terminal Passengers – 14 airports (in thousands):

Airport	May-19	May-21	%Change		Jan-May 19	Jan-May 21	%Change
Guadalajara	1,290.2	1,093.9	(15.2	%)	5,901.5	4,207.1	(28.7	%)
Tijuana*	765.6	874.9	14.3	%	3,530.8	3,509.2	(0.6	%)
Los Cabos	460.8	502.8	9.1	%	2,419.5	1,847.7	(23.6	%)
Puerto Vallarta	362.2	339.4	(6.3	%)	2,431.8	1,301.3	(46.5	%)
Guanajuato	241.9	195.5	(19.2	%)	1,103.3	727.6	(34.0	%)
Montego Bay	365.9	214.9	(41.3	%)	2,128.7	677.2	(68.2	%)
Hermosillo	170.5	130.4	(23.5	%)	734.1	531.9	(27.5	%)
Mexicali	107.0	92.4	(13.6	%)	476.1	370.4	(22.2	%)
Morelia	73.9	88.5	19.7	%	355.4	344.8	(3.0	%)
La Paz	85.1	79.8	(6.2	%)	385.1	325.8	(15.4	%)
Aguascalientes	77.7	71.3	(8.3	%)	337.4	262.3	(22.2	%)
Kingston	0.0	59.4	N/A		0.0	219.8	N/A
Los Mochis	34.3	32.6	(5.0	%)	158.2	136.6	(13.7	%)
Manzanillo	12.3	12.0	(2.9	%)	90.0	49.4	(45.2	%)
Total	4,047.5	3,787.7	(6.4	%)	20,051.8	14,511.1	(27.6	%)

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX Users (in thousands):

Airport	May-19	May-21	%Change		Jan-May 19	Jan-May 21	%Change
Tijuana	232.9	250.0	7.4	%	1,115.0	882.5	(20.9	%)

The Company took control of the Kingston airport on October 10, 2019, therefore there are no comparative figures from January to May 2019.

Passenger traffic 2021 compared to 2020 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	May-20	May-21	%Change		Jan-May 20	Jan-May 21	%Change
Guadalajara	93.6	757.2	709.0	%	2,514.0	3,023.3	20.3	%
Tijuana*	107.9	622.8	477.0	%	1,636.8	2,619.2	60.0	%
Los Cabos	17.7	178.3	904.9	%	442.5	712.7	61.0	%
Puerto Vallarta	6.8	153.9	2154.4	%	380.9	595.0	56.2	%
Guanajuato	11.2	137.7	1131.9	%	446.6	548.6	22.8	%
Montego Bay	0.0	0.0	N/A		1.0	0.0	(100.0	%)
Hermosillo	13.0	122.1	841.6	%	422.5	496.3	17.5	%
Mexicali	11.4	92.0	710.3	%	300.7	369.0	22.7	%
Morelia	12.1	52.0	328.1	%	145.7	206.6	41.8	%
La Paz	6.5	78.7	1102.9	%	228.0	319.8	40.3	%
Aguascalientes	4.2	51.8	1142.9	%	144.8	193.9	33.9	%
Kingston	0.0	0.0	1850.0	%	1.3	0.2	(86.1	%)
Los Mochis	2.1	31.9	1392.8	%	92.7	133.5	44.0	%
Manzanillo	0.6	7.7	1219.1	%	24.1	32.2	34.0	%
Total	287.2	2,286.1	696.0	%	6,781.4	9,250.4	36.4	%

International Terminal Passengers – 14 airports (in thousands):

Airport	May-20	May-21	%Change		Jan-May 20	Jan-May 21	%Change
Guadalajara	30.7	336.6	996.1	%	1,017.4	1,183.8	16.4	%
Tijuana*	36.6	252.1	588.5	%	742.3	889.9	19.9	%
Los Cabos	3.1	324.5	10490.9	%	952.5	1,135.0	19.2	%
Puerto Vallarta	5.7	185.5	3127.6	%	1,096.4	706.3	(35.6	%)
Guanajuato	5.1	57.9	1043.5	%	157.3	179.0	13.8	%
Montego Bay	0.6	214.9	35711.0	%	1,134.2	677.2	(40.3	%)
Hermosillo	0.4	8.3	2012.2	%	19.3	35.6	84.2	%
Mexicali	0.0	0.4	3336.4	%	1.3	1.3	6.3	%
Morelia	1.9	36.5	1775.2	%	105.0	138.2	31.6	%
La Paz	0.1	1.1	1737.9	%	3.5	6.0	73.8	%
Aguascalientes	2.1	19.5	814.7	%	52.0	68.4	31.5	%
Kingston	3.6	59.4	1548.2	%	360.8	219.7	(39.1	%)
Los Mochis	0.0	0.7	3190.9	%	1.3	3.1	139.1	%
Manzanillo	0.0	4.2	15064.3	%	28.7	17.1	(40.4	%)
Total	90.0	1,501.5	1568.6	%	5,671.9	5,260.7	(7.2	%)

Total Terminal Passengers – 14 airports (in thousands):

Airport	May-20	May-21	%Change		Jan-May 20	Jan-May 21	%Change
Guadalajara	124.3	1,093.9	779.9	%	3,531.4	4,207.1	19.1	%
Tijuana*	144.6	874.9	505.2	%	2,379.0	3,509.2	47.5	%
Los Cabos	20.8	502.8	2316.6	%	1,395.0	1,847.7	32.4	%
Puerto Vallarta	12.6	339.4	2599.3	%	1,477.3	1,301.3	(11.9	%)
Guanajuato	16.2	195.5	1104.4	%	603.9	727.6	20.5	%
Montego Bay	0.6	214.9	35711.0	%	1,135.1	677.2	(40.3	%)
Hermosillo	13.4	130.4	876.0	%	441.8	531.9	20.4	%
Mexicali	11.4	92.4	712.8	%	302.0	370.4	22.6	%
Morelia	14.1	88.5	528.1	%	250.6	344.8	37.5	%
La Paz	6.6	79.8	1108.5	%	231.5	325.8	40.8	%
Aguascalientes	6.3	71.3	1031.6	%	196.8	262.3	33.3	%
Kingston	3.6	59.4	1548.4	%	362.1	219.8	(39.3	%)
Los Mochis	2.2	32.6	1411.2	%	94.0	136.6	45.3	%
Manzanillo	0.6	12.0	1850.5	%	52.8	49.4	(6.5	%)
Total	377.2	3,787.7	904.2	%	12,453.3	14,511.1	16.5	%

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX Users (in thousands):

Airport	May-20	May-21	%Change		Jan-May 20	Jan-May 21	%Change
Tijuana	36.5	250.0	584.2	%	735.2	882.5	20.0	%

The number of seats available during May 2021 increased by 268.9% compared to May 2020; while load factors went from 29.6% in May 2020 to 81.7% in May 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 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 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.

IR Contacts:
Saúl Villarreal, Chief Financial Officer	svillarreal@aeropuertosgap.com.mx
Alejandra Soto, IR and Financial Planning Manager	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294