PAC - Grupo Aeroportuario del Pacifico Reports in November 2021 a Passenger Traffic Increase of 0.1% Compared to 2019 (Increase of 52.6% Compared to 2020)

GUADALAJARA, Mexico, Dec. 06, 2021 (GLOBE NEWSWIRE) -- 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 November 2021, which includes comparisons with the 2019 and 2020 figures to facilitate the reading and understanding of the passenger traffic trend.

For November 2021, the total number of terminal passengers at GAP’s 12 Mexican airports increased by 3.7%, compared to the same period of 2019. Tijuana, Los Cabos and Puerto Vallarta airports presented an increase in passenger traffic of 19.2%, 16.2% and 7.8%, respectively, while the Guadalajara airport presented a decrease of 6.7%.

In relation to international travel restrictions, on November 26 ^th , the United States Government announced that, beginning on December 6 ^th , it will request all travelers to present a negative COVID-19 contagion test, taken no more than 24 hours prior their flight departure.

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

Highlights for the period:

• Seats and load factors: The number of seats available during November 2021 increased by 25.1% compared to November 2020; load factors for the month went from 66.3% in November 2020 to 78.9% in November 2021.
  
  
• New routes:
  

• Puerto Vallarta – Toronto: Swoop
  
  
• Puerto Vallarta – Austin: American Airlines
• Kingston – Philadelphia: American Airlines
• Montego Bay – Atlanta: Frontier
• Montego Bay – Orlando: Frontier
• Montego Bay – Frankfurt: EW Discover
• Montego Bay – Manchester: Virgin Atlantic
  

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.