However, many of the airports operated by GAP have recently suffered negative percentage variations in terms of passengers traffic. GUADALAJARA JALISCO, Mexico (AP) _ Grupo Aeroportuario del Pacifico SAB de CV (PAC) on Friday reported a second-quarter loss of $25 million, after reporting a profit in the same period a year earlier. Grupo Aeroportuario del Pacífico, S.A.B. On the earnings conference call, CEO Fernando Bosque provided some color on the forces spurring GAP to undertake the expansions at Guadalajara and Tijuana airports:Of course... the problem [is] to address passenger needs with the capacity that was projected four years ago -- with the evolution [it] is not enough. As a consequence of this policy, GAP has obtained the Environmental Certificate granted by Federal Office for Environ Protection, and will ensure its maintenance by establishing a system for environmental management evaluation. de C.V. (Below, I will review how this airport operator has been doing basedWinning stock picks in natural resources and beyond by an industry insider GUADALAJARA JALISCO, Mexico (AP) _ Grupo Aeroportuario del Pacifico SAB de CV (PAC) on Friday reported a second-quarter loss of $25 million, after reporting a profit in the same period a year earlier. To meet this strategy, the Group has placed in operation and continue to develop modern and attractive commercial areas. At an exchange rate of 18.17 pesos per U.S. dollar … The company's monthly statistics report, released on May 5, revealed a surprisingly active showing in April, with passenger traffic improving 19% versus April 2016. I'm a CPA & CMA (Certified Management Accountant) & I tweet mostly about investing and literature. First-quarter revenue fell right in line with GAP's full-year revenue expansion target of 14%.Passenger traffic, above projections in the first quarter, may also be set to pick up further momentum. Grupo Aeroportuario del Pacifico (NYSE:PAC) reports terminal traffic at the company's 14 airports decreased by 62.3% in July.
Domestic passenger traffic fell 56.4% and international traffic …
Traffic Expansion Eases at Grupo Aeroportuario del Pacifico's Airports Passenger terminal traffic slowed, though less than expected, during the first quarter of 2017. And that is a situation in general that we are living now not only in our network in GAP, also all the [Mexican] airports [have] the same... situation.Grupo Aeroportuario enjoyed admirable growth in 2016, and so far, the company is meeting its projections for another brisk year. Grupo Aeroportuario del Sureste, ASR hereafter, reported terrible 2Q2020 results, as expected.Air traffic through ASR-operated airports dropped by 32.7% in March, by 96.3% in April, and 96.2% in May, relative to February 2020.The coronavirus pandemic appears to have helped accentuate a long-standing challenge faced by ASR, i.e., growing air traffic in Mexico.In the post-coronavirus era, manufacturing reshoring to North America may drive air traffic growth for the peers of ASR more than benefitting ASR.On July 22, 2020, Grupo Aeroportuario del Sureste, S.A.B.
GAP - Grupo Aeroportuario del Pacífico, S.A.B. The company operates the third, fifth and sixth most important airports in Mexico, being the Guadalajara, Tijuana and Los Cabos International Airports respectively. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.After adjusting for foreign currency translation of 582 million Mexican pesos, GAP's "comprehensive" net income, not shown in the table above, increased 1.1% to 1.04 billion Mexican pesos ($55.5 million).GAP's 14.6% rise in revenue was paced by an increase of 11.3% in total terminal passenger traffic.
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