Pacific Airport Group Files April 2024 6-K Report
Ticker: GPAEF · Form: 6-K · Filed: Apr 23, 2024 · CIK: 1347557
| Field | Detail |
|---|---|
| Company | Pacific Airport Group (GPAEF) |
| Form Type | 6-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, foreign-private-issuer, routine-report
TL;DR
Pacific Airport Group filed its April 6-K, standard foreign issuer report.
AI Summary
Grupo Aeroportuario del Pacífico (Pacific Airport Group) filed a Form 6-K on April 23, 2024, reporting for the month of April 2024. The filing is a report of a foreign private issuer under the Securities Exchange Act of 1934. The company is incorporated in Mexico and its principal executive office is located in Guadalajara, Jalisco.
Why It Matters
This filing provides routine updates for investors and regulatory bodies regarding the company's status as a foreign private issuer. It confirms ongoing compliance with SEC reporting requirements.
Risk Assessment
Risk Level: low — This is a routine filing for a foreign private issuer and does not contain new financial or operational information that would indicate increased risk.
Key Numbers
- 001-32751 — Commission File Number (Identifies the specific SEC filing for the company.)
Key Players & Entities
- Grupo Aeroportuario del Pacífico (company) — Registrant
- Pacific Airport Group (company) — English translation of registrant's name
- 001-32751 (dollar_amount) — Commission File Number
- 20240423 (date) — Filing Date
FAQ
What type of filing is this Form 6-K?
This Form 6-K is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
What period does this report cover?
This report is for the month of April 2024.
Where is Grupo Aeroportuario del Pacífico incorporated?
The registrant is incorporated in Mexico.
What is the address of the registrant's principal executive office?
The principal executive office is located at Avenida Mariano Otero No. 1249-B Torre Pacifico, Piso 6, Col. Rinconada del Bosque, 44530 Guadalajara, Jalisco, México.
Does the registrant file annual reports under Form 20-F?
Yes, the registrant indicates it files annual reports under cover of Form 20-F.
Filing Stats: 4,587 words · 18 min read · ~15 pages · Grade level 6.2 · Accepted 2024-04-22 21:23:33
Filing Documents
- f6k_042324.htm (6-K) — 397KB
- 0001171843-24-002132.txt ( ) — 398KB
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 April 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 First Quarter of 2024 GUADALAJARA, Mexico, April 22, 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 first quarter ended March 31, 2024 (1Q24). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). Summary of Results 1Q24 vs. 1Q23 The sum of aeronautical and non-aeronautical services revenues increased by Ps. 156.9 million, or 2.4%. Total revenues increased by Ps. 155.0 million, or 1.9%. Cost of services increased by Ps. 105.3 million, or 10.9% . Income from operations decreased by Ps. 92.1 million, or 2.3% . EBITDA decreased by Ps. 47.2 million, or 1.0% , a decrease from Ps. 4,696.1 million in 1Q23 to Ps. 4,648.9 million in 1Q24. EBITDA margin (excluding the effects of IFRIC-12) went from 72.3% in 1Q23 to 69.8% in 1Q24. Comprehensive income increased by Ps. 14.3 million, or 0.7% , from an income of Ps. 2,149.9 million in 1Q23 to an income of Ps. 2,164.2 million in 1Q24. Company's Financial Position: In 1Q24, the generation of positive net cash flow from operating activities continued for Ps. 4,534.4 million. The Company reported a financial position of cash and cash equivalents as of March 31, 2024, of Ps. 11,541.6 million. In 1Q24, the Company issued long-term bond certificates worth Ps. 3,000.0 million. The proceeds were used to pay the bond certificate "GAP 19" which matured on March 22, 2024. Passenger Traffic During 1Q24, total passengers at the Company's 14 airports increased by 16.4 thousand passengers, an increase of 0.1%, compared to 1Q23. During 1Q23, the following new routes were opened: Domestic: Airline Departure Arrival Opening date Frequencies Aeromexico Morelia Felipe Angeles January 8, 2024 1 daily Viva Aerobus Puerto Vallarta Felipe Angeles March 14, 2024 3 weekly Note: Frequencies can vary without prior notice. International: Airline Departure Arrival Opening date Frequencies Aeromexico Guadalajara Atlanta January 8, 2024 1 daily American Tijuana Phoenix February 15, 2024 1 daily Southwest Los Cabos St. Louis March 9, 2024 1 weekly Frontier Montego Bay Cleveland March 9, 2024 3 weekly Aeromexico Guanajuato Atlanta March 14, 2024 1 daily Aeromexico Guadalajara Detroit March 14, 2024 1 daily Note: Frequencies can vary without prior notice. Domestic Terminal Passengers – 14 airports (in thousands): Airport 1Q23 1Q24 Change Guadalajara 2,958.8 2,671.7 (9.7 %) Tijuana * 2,066.4 1,985.6 (3.9 %) Los Cabos 670.6 637.7 (4.9 %) Puerto Vallarta 639.7 574.8 (10.1 %) Montego Bay 0.0 0.0 0.0 % Guanajuato 507.3 484.0 (4.6 %) Hermosillo 474.0 457.5 (3.5 %) Kingston 0.2 0.6 215.9 % Mexicali 346.6 288.3 (16.8 %) Morelia 186.8 146.2 (21.7 %) La Paz 226.6 271.4 19.8 % Aguascalientes 150.6 142.3 (5.5 %) Los Mochis 94.3 126.2 33.8 % Manzanillo 27.1 35.9 32.7 % Total 8,348.9 7,822.2 (6.3 %) *Cross Border Xpress (CBX) users are classified as international passengers. International passengers (thousands) Airport 1Q23 1Q24 Change Guadalajara 1,216.1 1,490.1 22.5 % Tijuana * 1,047.6 952.4 (9.1 %) Los Cabos 1,381.2 1,407.9 1.9 % Puerto Vallarta 1,378.1 1,543.9 12.0 % Montego Bay 1,351.0 1,457.4 7.9 % Guanajuato 207.4 247.1 19.1 % Hermosillo 19.1 23.3 22.2 % Kingston 394.1 391.4 (0.7 %) Mexicali 1.5 1.6 6.5 % Morelia 151.5 157.2 3.7 % La Paz 3.7 3.2 (12.6 %) Aguascalientes 60.2 69.5 15.4 % Los Mochis 1.8 2.0 13.6 % Manzanillo 30.8 40.3 30.8 % Total 7,244.1 7,787.3 7.5 % *CBX users are classified as international passengers. Total Terminal Passengers – 14 airports (in thousands): Airport 1Q23 1Q24 Change Guadalajara 4,174.9 4,161.8 (0.3 %) Tijuana * 3,114.0 2,938.0 (5.7 %) Los Cabos 2,051.8 2,045.6 (0.3 %) Puerto Vallarta 2,017.8 2,118.7 5.0 % Montego Bay 1,351.0 1,457.4 7.9 % Guanajuato 714.7 731.0 2.3 % Hermosillo 493.1 480.8 (2.5 %) Kingston 394.3 392.0 (0.6 %) Mexicali 348.1 289.9 (16.7 %) Morelia 338.3 303.4 (10.3 %) La Paz 230.3 274.6 19.2 % Aguascalientes 210.8 211.8 0.5 % Los Mochis 96.1 128.2 33.4 % Manzani