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

For October 2021, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 3.4%, compared to the same period of 2019. Los Cabos, Puerto Vallarta and Tijuana airports presented an increase in passenger traffic of 27.5%, 17.8% and 15.1%, respectively, while the Guadalajara airport presented a decrease of 7.8%.

In relation to international travel restrictions, the United States Government has updated sanitary measures to enter that country. Beginning on November 8th, foreign travelers will have to present the proof of being fully vaccinated against COVID-19. Besides, foreign travelers will be able to use the pedestrian border, for the first time since March 2020, to make non-essential trips, such as tourism and visiting friends and family, this could have a positive impact in the passenger traffic at the Tijuana airport.

Passenger traffic 2021 compared to 2019 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	Oct-19	Oct-21	% Change		Jan - Oct 19	Jan - Oct 21	% Change
Guadalajara	914.4	814.2	(11.0	%)	8,680.2	6,812.4	(21.5	%)
Tijuana	514.8	628.5	22.1	%	4,965.9	5,649.7	13.8	%
Los Cabos	154.6	189.2	22.4	%	1,602.3	1,634.6	2.0	%
Puerto Vallarta	149.8	172.6	15.2	%	1,521.0	1,466.7	(3.6	%)
Montego Bay	0.8	0.0	(100.0	%)	7.7	0.0	(100.0	%)
Guanajuato	179.8	131.6	(26.8	%)	1,702.1	1,214.3	(28.7	%)
Hermosillo	168.9	144.1	(14.7	%)	1,484.6	1,152.4	(22.4	%)
Mexicali	105.3	102.5	(2.7	%)	976.4	866.6	(11.2	%)
Morelia	40.4	43.2	6.8	%	383.2	437.2	14.1	%
La Paz	83.6	85.3	2.0	%	824.0	720.4	(12.6	%)
Kingston	0.7	0.0	(95.6	%)	0.7	1.0	35.5	%
Aguascalientes	54.4	52.5	(3.5	%)	520.0	457.2	(12.1	%)
Los Mochis	33.6	31.2	(7.1	%)	316.4	283.2	(10.5	%)
Manzanillo	7.3	7.0	(4.4	%)	77.8	68.0	(12.5	%)
Total	2,408.5	2,401.8	(0.3	%)	23,062.3	20,763.9	(10.0	%)

 

International Terminal Passengers – 14 airports (in thousands):

Airport	Oct-19	Oct-21	% Change		Jan - Oct 19	Jan - Oct 21	% Change
Guadalajara	344.8	346.6	0.5	%	3,579.3	2,989.9	(16.5	%)
Tijuana*	220.8	218.5	(1.0	%)	2,356.9	2,119.5	(10.1	%)
Los Cabos	245.8	321.3	30.7	%	3,010.5	2,783.4	(7.5	%)
Puerto Vallarta	158.1	190.0	20.2	%	2,576.3	1,647.9	(36.0	%)
Montego Bay	287.0	208.7	(27.3	%)	3,902.3	1,969.7	(49.5	%)
Guanajuato	48.5	55.8	15.1	%	576.7	503.1	(12.8	%)
Hermosillo	5.9	10.5	78.8	%	57.5	87.1	51.3	%
Mexicali	0.5	0.7	41.0	%	5.6	4.3	(22.5	%)
Morelia	31.9	35.5	11.2	%	344.7	328.4	(4.7	%)
La Paz	1.0	1.1	12.9	%	10.4	14.8	42.6	%
Kingston	100.6	77.9	(22.6	%)	100.6	642.8	538.7	%
Aguascalientes	17.9	18.0	0.5	%	182.2	169.9	(6.7	%)
Los Mochis	0.5	1.0	96.5	%	5.9	8.0	36.2	%
Manzanillo	2.0	2.9	44.1	%	62.7	32.6	(48.1	%)
Total	1,465.3	1,488.4	1.6	%	16,771.8	13,301.5	(20.7	%)

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

Total Terminal Passengers – 14 airports (in thousands):

Airport	Oct-19	Oct-21	% Change		Jan - Oct 19	Jan - Oct 21	% Change
Guadalajara	1,259.2	1,160.8	(7.8	%)	12,259.5	9,802.3	(20.0	%)
Tijuana*	735.6	847.0	15.1	%	7,322.7	7,769.3	6.1	%
Los Cabos	400.4	510.6	27.5	%	4,612.8	4,418.0	(4.2	%)
Puerto Vallarta	307.9	362.6	17.8	%	4,097.3	3,114.7	(24.0	%)
Montego Bay	287.8	208.7	(27.5	%)	3,910.0	1,969.7	(49.6	%)
Guanajuato	228.3	187.4	(17.9	%)	2,278.7	1,717.4	(24.6	%)
Hermosillo	174.8	154.6	(11.6	%)	1,542.2	1,239.5	(19.6	%)
Mexicali	105.8	103.2	(2.5	%)	982.0	870.9	(11.3	%)
Morelia	72.3	78.7	8.8	%	728.0	765.6	5.2	%
La Paz	84.6	86.5	2.1	%	834.4	735.3	(11.9	%)
Kingston	101.4	77.9	(23.2	%)	101.4	643.8	535.1	%
Aguascalientes	72.2	70.4	(2.5	%)	702.2	627.1	(10.7	%)
Los Mochis	34.1	32.2	(5.6	%)	322.3	291.3	(9.6	%)
Manzanillo	9.3	9.9	6.0	%	140.5	100.6	(28.4	%)
Total	3,873.8	3,890.2	0.4	%	39,834.1	34,065.4	(14.5	%)

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

CBX Users (in thousands):

Airport	Oct-19	Oct-21	% Change		Jan - Oct 19	Jan - Oct 21	% Change
Tijuana	217.0	214.4	(1.2	%)	2,317.9	2,092.6	(9.7	%)

The Company took control of the Kingston airport on October 10, 2019, therefore there are no comparative figures from January to October 9, 2019.

Passenger traffic 2021 compared to 2020 figures

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	Oct-20	Oct-21	% Change		Jan - Oct 20	Jan - Oct 21	% Change
Guadalajara	556.7	814.2	46.2	%	4,547.0	6,812.4	49.8	%
Tijuana	485.4	628.5	29.5	%	3,576.7	5,649.7	58.0	%
Los Cabos	136.8	189.2	38.3	%	921.4	1,634.6	77.4	%
Puerto Vallarta	97.9	172.6	76.2	%	730.4	1,466.7	100.8	%
Montego Bay	0.0	0.0	N/A		1.0	0.0	(100.0	%)
Guanajuato	105.1	131.6	25.2	%	827.1	1,214.3	46.8	%
Hermosillo	98.4	144.1	46.4	%	747.5	1,152.4	54.2	%
Mexicali	63.5	102.5	61.4	%	539.0	866.6	60.8	%
Morelia	32.9	43.2	31.2	%	302.1	437.2	44.7	%
La Paz	58.3	85.3	46.3	%	432.5	720.4	66.6	%
Kingston	0.0	0.0	113.3	%	1.3	1.0	(26.5	%)
Aguascalientes	34.7	52.5	51.3	%	280.0	457.2	63.3	%
Los Mochis	22.8	31.2	36.7	%	158.5	283.2	78.7	%
Manzanillo	4.3	7.0	60.9	%	38.6	68.0	76.2	%
Total	1,696.9	2,401.8	41.5	%	13,103.0	20,763.9	58.5	%

International Terminal Passengers – 14 airports (in thousands):

Airport	Oct-20	Oct-21	% Change		Jan - Oct 20	Jan - Oct 21	% Change
Guadalajara	204.5	346.6	69.5	%	1,850.6	2,989.9	61.6	%
Tijuana*	160.7	218.5	35.9	%	1,367.8	2,119.5	55.0	%
Los Cabos	184.5	321.3	74.2	%	1,443.9	2,783.4	92.8	%
Puerto Vallarta	95.2	190.0	99.6	%	1,325.0	1,647.9	24.4	%
Montego Bay	75.6	208.7	176.1	%	1,399.7	1,969.7	40.7	%
Guanajuato	28.6	55.8	95.3	%	262.4	503.1	91.8	%
Hermosillo	4.3	10.5	147.0	%	33.0	87.1	164.0	%
Mexicali	0.2	0.7	338.8	%	1.8	4.3	139.5	%
Morelia	23.0	35.5	54.4	%	185.1	328.4	77.4	%
La Paz	0.5	1.1	147.5	%	5.2	14.8	187.7	%
Kingston	36.7	77.9	112.4	%	531.0	642.8	21.1	%
Aguascalientes	11.3	18.0	58.5	%	89.3	169.9	90.4	%
Los Mochis	0.2	1.0	359.8	%	1.9	8.0	333.1	%
Manzanillo	1.4	2.9	103.6	%	34.0	32.6	(4.2	%)
Total	826.5	1,488.4	80.1	%	8,530.6	13,301.5	55.9	%

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

Total Terminal Passengers – 14 airports (in thousands):

Airport	Oct-20	Oct-21	% Change		Jan - Oct 20	Jan - Oct 21	% Change
Guadalajara	761.2	1,160.8	52.5	%	6,397.7	9,802.3	53.2	%
Tijuana*	646.1	847.0	31.1	%	4,944.5	7,769.3	57.1	%
Los Cabos	321.3	510.6	58.9	%	2,365.3	4,418.0	86.8	%
Puerto Vallarta	193.1	362.6	87.7	%	2,055.4	3,114.7	51.5	%
Montego Bay	75.6	208.7	176.1	%	1,400.7	1,969.7	40.6	%
Guanajuato	133.7	187.4	40.2	%	1,089.4	1,717.4	57.6	%
Hermosillo	102.7	154.6	50.6	%	780.5	1,239.5	58.8	%
Mexicali	63.7	103.2	62.1	%	540.8	870.9	61.1	%
Morelia	55.9	78.7	40.7	%	487.2	765.6	57.2	%
La Paz	58.8	86.5	47.1	%	437.6	735.3	68.0	%
Kingston	36.7	77.9	112.4	%	532.4	643.8	20.9	%
Aguascalientes	46.0	70.4	53.0	%	369.2	627.1	69.8	%
Los Mochis	23.0	32.2	39.6	%	160.4	291.3	81.6	%
Manzanillo	5.8	9.9	71.4	%	72.6	100.6	38.6	%
Total	2,523.5	3,890.2	54.2	%	21,633.6	34,065.4	57.5	%

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

CBX Users (in thousands):

Airport	Oct-20	Oct-21	% Change		Jan - Oct 20	Jan - Oct 21	% Change
Tijuana	159.6	214.4	34.4	%	1,357.6	2,092.6	54.1	%

Highlights for the period:

• Seats and load factors: The number of seats available during October 2021 increased by 30.8% compared to October 2020; load factors for the month went from 66.2% in October 2020 to 78.1% in October 2021.
• New routes:
  • Los Cabos - Denver: Frontier Airlines

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 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.

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
Maria Barona, i-advize Corporate Communications	mbarona@i-advize.com