From GlobeNewswire:

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) has announced its growth guidance for the full year 2024. Traffic is expected to grow by 5% to 3%, while aeronautical revenues are expected to increase by 4% to 2%. Non-aeronautical revenues are projected to increase by 12% to 14%, and total revenues are expected to grow by 0% to 2%. EBITDA is expected to decrease by 7% to 5%, with an EBITDA margin of 65% + – 1%. The company has invested Ps. 9.0 billion in CAPEX for airport development and commercial spaces. These estimates are based on traffic performance, revenue factors, and operating requirements.

GAP operates 12 airports in Mexico’s Pacific region and has recently announced its growth guidance for 2024. The company is anticipating an increase in passenger traffic of 5%, with non-aeronautical revenues projected to grow between 12% and 14%. In addition, the company is planning a significant investment of Ps. 9.0 billion in airport development and commercial spaces, reflecting its commitment to long-term growth and expansion. However, these projections are subject to change based on external factors such as economic conditions, airline performance, and government regulations.

As part of its forward-looking strategy, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) is focusing on medium- and long-term business fundamentals to drive growth for the full year 2024. The company’s estimates are based on current assumptions, which may be subject to change based on external factors such as airline performance, economic conditions, and government regulations. GAP operates 12 airports in Mexico’s Pacific region and has a strong track record of delivering value to shareholders.



Read more: Grupo Aeroportuario del Pacifico Announces Growth Guidance