Pacific Airport Group Files Routine 6-K, Confirms 20-F Status

TL;DR

**Pacific Airport Group just filed a standard administrative 6-K, confirming its foreign issuer status and 20-F annual reporting.**

AI Summary

Grupo Aeroportuario del Pacífico S.A.B. de C.V., also known as Pacific Airport Group, filed a Form 6-K with the SEC on February 27, 2024, for the reporting period of February 2024. This filing, under Commission File Number 001-32751, confirms the company's status as a foreign private issuer that files annual reports under Form 20-F. The company is incorporated in México.

Why It Matters

This filing is a routine administrative update for foreign private issuers, confirming their reporting obligations and ensuring transparency with U.S. regulators and investors. It signals ongoing compliance with SEC requirements.

Risk Assessment

Risk Level: low — This is a routine administrative filing with no material financial or operational disclosures, indicating no immediate market risk.

Key Players & Entities

• Grupo Aeroportuario del Pacífico S.A.B. de C.V. (company) — registrant
• Pacific Airport Group (company) — registrant's English translation
• SEC (company) — regulatory body
• México (company) — jurisdiction of incorporation

FAQ

Key Financial Figures

• $3.0 million — evenues in U.S. dollars increased by USD$3.0 million or 9.2%. Passenger traffic increased by
• $12.1 m — Revenues in U.S. dollars increased by US$12.1 million, or 26.8%. 2022 2023 Change

Filing Documents

• f6k_022724.htm (6-K) — 764KB
• 0001171843-24-000992.txt ( ) — 765KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number: 001-32751 GRUPO AEROPORTUARIO DEL PACFICO S.A.B. DE C.V. (PACIFIC AIRPORT GROUP) (Translation of registrant's name into English) Mxico (Jurisdiction of incorporation or organization) Avenida Mariano Otero No. 1249-B Torre Pacifico, Piso 6 Col. Rinconada del Bosque 44530 Guadalajara, Jalisco, Mxico (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ] Form 40-F [ ] Grupo Aeroportuario del Pacifico Announces Results for the Fourth Quarter of 2023 GUADALAJARA, Mexico, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacfico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") reports its consolidated results for the fourth quarter ended December 31, 2023 (4Q23). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). Summary of Results 4Q23 vs. 4Q22 The sum of aeronautical and non-aeronautical services revenues increased by Ps. 16.5 million, or 0.3%. Total revenues increased by Ps. 1,126.0 million, or 14.1%. Cost of services increased by Ps. 49.6 million, or 4.3% . Income from operations decreased by Ps. 199.4 million, or 5.5% . EBITDA decreased by Ps. 110.7 million, or 2.6% , a decrease from Ps. 4,252.4 million in 4Q22 to Ps. 4,141.6 million in 4Q23. EBITDA margin (excluding the effects of IFRIC-12) went from 69.8% in 4Q22 to 67.8% in 4Q23. Comprehensive income increased by Ps. 296.6 million, or 17.9% , from Ps. 1,660.1 million in 4Q22 to Ps. 1,956.7 million in 4Q23. Company's Financial Position: 4Q23 results were positive compared to 4Q22, with an increase in aeronautical and non-aeronautical revenues, despite the 10.7% appreciation of the peso versus the U.S. dollar in the quarter, generating positive net cash flow from operating activities, which amounted to Ps. 3,054.2 million, a decrease of 8.5%. The Company reported a financial position of cash and cash equivalents as of December 31, 2023, of Ps. 10,055.2 million. During 4Q23, the Company drew down a credit line of Ps. 1,500.0 million from Banco Santander Mxico, S.A. The proceeds were used to refinance the credit with Scotiabank Inverlat for the same amount. Passenger Traffic During 4Q23, total passengers at the Company's 14 airports increased by 380.9 thousand passengers, an increase of 2.5%, compared to 4Q22. During 4Q23, the following new routes were opened: Domestic: Airline Departure Arrival Opening date Frequencies Aeromexico Aguascalientes Felipe Angeles October 5, 2023 1 daily Aeromexico Guanajuato Felipe Angeles October 5, 2023 1 daily Viva Aerobus Tijuana Puebla October 20, 2023 5 weekly Viva Aerobus Guadalajara Felipe Angeles December 9, 2023 2 daily Viva Aerobus Guadalajara Tulum December 16, 2023 3 weekly Viva Aerobus Tijuana Tulum December 17, 2023 3 weekly Viva Aerobus La Paz Monterrey December 23, 2023 2 weekly Note: Frequencies can vary without prior notice. International Airline Departure Arrival Opening date Frequencies Southwest Montego Bay Kansas 7, 2023 1 weekly Southwest Los Cabos Kansas 7, 2023 1 weekly Flair Puerto Vallarta Toronto October 29, 2023 4 weekly Flair Puerto Vallarta Calgary November 1, 2023 6 weekly United Airlines Montego Bay Denver November 4, 2023 1 weekly WestJet Los Cabos Victoria November 9, 2023 1 weekly Air Canada Los Cabos Montreal December 1, 2023 1 weekly Norse Atlantic UK Montego Bay London Gatwick December 1, 2023 4 weekly WestJet Los Cabos Abbotsford December 4, 2023 1 weekly Viva Aerobus Bajo Dallas Fort Worth December 8, 2023 3 weekly WestJet Puerto Vallarta Abbotsford December 9, 2023 1 weekly Jetlines Canada Montego Bay Toronto December 9, 2023 3 weekly Alaska Puerto Vallarta Las Vegas December 14, 2023 4 weekly Alaska Los Cabos Las Vegas December 15, 2023 4 weekly WestJet Puerto Vallarta Prince George December 16, 2023 1 weekly Flair Puerto Vallarta Kitchener-Waterloo December 16, 2023 3 weekly Note: Frequencies can vary without prior notice. Domestic Terminal Passengers – 14 airports (in thousands): Airport 4Q22 4Q23 Change 2022 2023 Change Guadalajara 3,185.9 3,107.8 (2.5 %) 11,155.2 12,502.9 12.1 % Tijuana * 2,129.8 2,118.8 (0.5 %) 8,102.9 8,870.4 9.5 % Los Cabos 708.0 721.5 1.9 % 2,577.8 2,965.7 15.0 % Puerto Vallarta 710.5 663.0 (6.7 %) 2,654.5 2,860.1 7.7 % Montego Bay 0.0 0.2 0.0 % 0.0 0.2 0.0 % Guanajuato 528.0 616.1 16.7 % 1,828.7 2,345.6 28.3

View Full Filing

View this 6-K filing on SEC EDGAR