Streetbeat News

PAC

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

https://www.aeropuertosgap.com.mx

Industry

Airlines, Airports & Air Services

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San JosÃ del Cabo, Guanajuato (BajÃo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.

Open

186.42

Mkt cap

9.5B

Volume

76K

High

188.10

P/E Ratio

21.58

52-wk high

197.31

Low

184.21

Div yield

0.04

52-wk low

139.64

Grupo Aeroportuario del Pacifico (PAC) reported a 7.2% decrease in passenger traffic for August 2024 compared to the previous year. Key airports like Los Cabos, Tijuana, Puerto Vallarta, and Guadalajara saw declines, with Montego Bay also experiencing a drop.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:30 am

Goldman Sachs analyst Bruno Amorim has maintained a Buy rating on Grupo Aeroportuario del (NYSE:PAC) and increased the price target from $177 to $205.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:07 pm

Grupo Aeroportuario del Pacifico has announced its strategic master development program and maximum tariffs for the period 2025-2029. This announcement could impact the company's future revenue and operational strategies.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 7:12 am

Grupo Aeroportuario del Pacifico (PAC) reported a 5.6% decrease in passenger traffic for July 2024 compared to July 2023. The decline was observed across its 12 Mexican airports, with notable decreases in Tijuana, Los Cabos, and Puerto Vallarta. Montego Bay also saw a significant drop in passenger traffic.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:25 am

Grupo Aeroportuario del Pacífico (PAC) has revised its 2024 guidance, expecting total revenue growth of 2%-4% and a decline in passenger traffic of 3%-5%. Aeronautical revenues are projected to decrease by 2%-4%, while non-aeronautical revenues are expected to grow by 20%-22%. EBITDA is forecasted to range from a 1% decline to a 1% increase.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:35 am

Grupo Aeroportuario del (NYSE:PAC) reported Q2 2024 earnings per share of $3.46, beating the analyst estimate of $3.01 by 14.92%. However, sales of $421.466 million missed the $454.752 million estimate by 7.32%. EPS increased by 45.95% year-over-year, while sales decreased by 10.85%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:32 am

Grupo Aeroportuario del Pacífico (NYSE:PAC) reported a 1.9% decrease in passenger traffic for June 2024 compared to June 2023. While Puerto Vallarta and Guadalajara airports saw slight increases, Tijuana and Los Cabos experienced declines.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:25 pm

Grupo Aeroportuario del Pacífico (PAC) has utilized a Ps. 875M loan to acquire 51.5% of the shares of Guadalajara World Trade Center, S.A. de C.V. (GWTC). The acquisition was announced on June 11.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:56 am

Grupo Aeroportuario del Pacifico (PAC) has acquired a 51.5% stake in GWTC for Ps. 875.5M, expanding its cargo services. GWTC, which operates in free trade zones at Guadalajara and Puebla Airports, generated over Ps. 1.0 billion in revenue in 2023 with a 40% EBITDA margin and no financial debt. The transaction is expected to close by June 25.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:08 am

Grupo Aeroportuario Del Pacifico (PAC) reported a 2.3% YoY decrease in passenger traffic for May 2024, with a load factor of 82.9% compared to 78.8% in May 2023. While Puerto Vallarta airport saw a 3.2% increase, Tijuana, Guadalajara, and Los Cabos airports experienced declines of 5.2%, 2.7%, and 1.7% respectively.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:25 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.