Grupo Aeroportuario del Pacifico Announces Growth Guidance for the Full Year 2024

GUADALAJARA, Mexico, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced today its growth guidance for the full year 2024 compared to 2023.

	Traffic	(5%) - (3%)
	Aeronautical revenues	(4%) - (2%)
	Non-aeronautical revenues	12% - 14%
	Total revenues	0% - 2%
	EBITDA	(7%) - (5%)
	EBITDA Margin	65% + - 1%
	CAPEX	Ps. 9.0 billion

• Passenger traffic estimates are based on the consolidation of the routes developed to date, the estimated load factors, and the aircrafts expected to be grounded due to the accelerated GTF engine preventive inspections.

• The revenues are based on traffic performance, applicable passenger fees, inflation, contract terms, and current commercial agreements, as well as the development of other business lines operated directly by the Company.

• The increase in the cost of services reflects operating requirements needed to meet airport service demand, infrastructure expansion and quality service improvements, inflation, increase in minimum wages, increase in the concession taxes, and the hiring of additional personnel for the operations, maintenance, security, and cleaning.

• CAPEX reflects committed investments for GAP airports under the Master Development Program as well as investments in commercial spaces, parking lots, and the final stage of the Mixed-use Building at Guadalajara airport.

These figures are based on the Company’s current expectation of domestic and international aeronautical industry growth during 2024, as supported by GAP’s strategy of focusing on medium- and long-term business fundamentals.

These figures are estimates based on current assumptions that management believes are reasonable. Many of the factors affecting these current assumptions and the estimates on which they are based are outside of the Company’s control. They are subject to change over the year based on various external factors including, but not limited to, airline performance, domestic and international economic conditions, and government regulations. For a more extensive list of risk factors that could affect our business, please refer to GAP’s annual report on Form 20-F for the year ended December 31, 2022, published in April 2023.