Reported Earlier, Grupo Aeroportuario Del Pacifico's November 2023 Passenger Traffic Increased By 0.7% Compared To 2022
Portfolio Pulse from Benzinga Newsdesk
Grupo Aeroportuario Del Pacifico reported a 0.7% increase in passenger traffic for November 2023 compared to the same month in 2022. However, the number of available seats decreased by 2.5% due to Pratt & Whitney engine revisions on the A320neo and A321neo fleet. Despite this, load factors improved from 80.2% to 82.8%. New routes were added, including Puerto Vallarta to Calgary by Flair, Los Cabos to Victoria by WestJet, and Montego Bay to Denver by United.
December 06, 2023 | 7:33 am
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Grupo Aeroportuario Del Pacifico's passenger traffic increased by 0.7% in November 2023, with a decrease in available seats but an increase in load factors, indicating efficient capacity management.
The increase in passenger traffic and load factors suggests that Grupo Aeroportuario Del Pacifico is managing its capacity efficiently, which is a positive sign for investors. The decrease in available seats is a temporary issue due to engine maintenance, which is likely already factored into the stock price. The introduction of new routes indicates potential for future revenue growth.
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