Reported Earlier, Grupo Aeroportuario Del Pacifico's March 2024 Passenger Traffic Decreased By 0.6% Compared To 2023; The Load Factor Was 75.2% Compared To 69.9% In March 2023
Portfolio Pulse from Benzinga Newsdesk
Grupo Aeroportuario Del Pacifico (GAP) reported a 0.6% decrease in March 2024 passenger traffic compared to March 2023, with a load factor increase to 75.2% from 69.9%. While Puerto Vallarta and Los Cabos saw increases in passenger traffic, Tijuana and Guadalajara experienced declines. Montego Bay also reported a traffic increase.
April 05, 2024 | 6:38 am
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NEUTRAL IMPACT
Grupo Aeroportuario Del Pacifico's March 2024 passenger traffic decreased by 0.6% YOY, but load factor improved to 75.2% from 69.9%. Mixed airport performance with some increases and decreases in traffic.
The slight decrease in passenger traffic suggests a minor negative impact on revenues, but the improved load factor indicates better efficiency and potentially offsetting revenue impacts. The mixed performance across different airports shows variability in regional demand, which could lead to uncertainty in short-term stock performance. However, the overall impact is likely neutral due to the balance between negative and positive indicators.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90