GAP Gap Inc

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for April 2024, compared with April 2023.

For April 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 7.6%, compared to April 2023. Tijuana, Los Cabos, Guadalajara, and Puerto Vallarta presented a decrease in passenger traffic of 13.0%, 8.5%, 4.6%, and 3.7% respectively, compared to April 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 4.2% compared to April 2023.

Domestic Terminal Passengers (in thousands):

	Airport	Apr-23	Apr-24	% Change	Jan- Apr 23	Jan- Apr 24	% Change
	Guadalajara	1,051.9	973.0	(7.5%)	4,010.7	3,644.7	(9.1%)
	Tijuana*	772.5	691.9	(10.4%)	2,838.9	2,677.5	(5.7%)
	Puerto Vallarta	260.0	232.7	(10.5%)	899.7	807.6	(10.2%)
	Los Cabos	259.7	216.1	(16.8%)	930.3	853.8	(8.2%)
	Montego Bay	0.0	0.0	N/A	0.0	0.0	N/A
	Guanajuato	187.0	163.0	(12.8%)	694.3	647.0	(6.8%)
	Hermosillo	177.8	179.0	0.7%	651.9	636.5	(2.4%)
	Kingston	0.1	0.3	168.8%	0.3	0.8	200.4%
	Morelia	65.3	50.1	(23.2%)	252.1	196.4	(22.1%)
	La Paz	96.2	94.4	(1.9%)	322.8	365.8	13.3%
	Mexicali	132.8	72.2	(45.6%)	479.4	360.5	(24.8%)
	Aguascalientes	52.7	58.2	10.6%	203.3	200.6	(1.3%)
	Los Mochis	41.3	50.6	22.6%	135.6	176.8	30.4%
	Manzanillo	8.7	10.1	15.3%	35.8	46.0	28.4%
	Total	3,106.2	2,791.9	(10.1%)	11,455.1	10,614.0	(7.3%)

International Terminal Passengers (in thousands):

	Airport	Apr-23	Apr-24	% Change	Jan- Apr 23	Jan- Apr 24	% Change
	Guadalajara	409.5	421.5	2.9%	1,625.6	1,911.6	17.6%
	Tijuana*	376.4	307.8	(18.2%)	1,424.1	1,260.1	(11.5%)
	Puerto Vallarta	382.8	386.3	0.9%	1,761.0	1,930.1	9.6%
	Los Cabos	441.5	425.5	(3.6%)	1,822.6	1,833.4	0.6%
	Montego Bay	454.5	435.5	(4.2%)	1,805.5	1,892.8	4.8%
	Guanajuato	68.3	73.1	7.1%	275.7	320.2	16.1%
	Hermosillo	5.5	6.7	23.3%	24.5	30.0	22.4%
	Kingston	146.5	135.1	(7.7%)	540.6	526.5	(2.6%)
	Morelia	47.0	50.0	6.3%	198.5	207.2	4.3%
	La Paz	1.4	0.9	(36.1%)	5.1	4.1	(19.2%)
	Mexicali	0.7	0.6	(4.3%)	2.2	2.2	3.2%
	Aguascalientes	23.2	26.9	15.9%	83.4	96.4	15.6%
	Los Mochis	0.6	0.7	18.4%	2.3	2.7	14.7%
	Manzanillo	6.5	7.1	9.9%	37.3	47.4	27.2%
	Total	2,364.4	2,277.8	(3.7%)	9,608.5	10,064.9	4.7%

Total Terminal Passengers (in thousands):

	Airport	Apr-23	Apr-24	% Change	Jan- Apr 23	Jan- Apr 24	% Change
	Guadalajara	1,461.5	1,394.5	(4.6%)	5,636.3	5,556.3	(1.4%)
	Tijuana*	1,148.9	999.7	(13.0%)	4,262.9	3,937.7	(7.6%)
	Puerto Vallarta	642.9	619.0	(3.7%)	2,660.7	2,737.6	2.9%
	Los Cabos	701.2	641.6	(8.5%)	2,752.9	2,687.3	(2.4%)
	Montego Bay	454.5	435.5	(4.2%)	1,805.5	1,892.8	4.8%
	Guanajuato	255.3	236.2	(7.5%)	970.0	967.2	(0.3%)
	Hermosillo	183.3	185.8	1.4%	676.4	666.6	(1.5%)
	Kingston	146.6	135.4	(7.6%)	540.9	527.4	(2.5%)
	Morelia	112.4	100.1	(10.9%)	450.7	403.5	(10.5%)
	La Paz	97.7	95.3	(2.4%)	327.9	369.9	12.8%
	Mexicali	133.5	72.9	(45.4%)	481.6	362.7	(24.7%)
	Aguascalientes	75.9	85.1	12.2%	286.7	297.0	3.6%
	Los Mochis	41.9	51.3	22.6%	138.0	179.5	30.1%
	Manzanillo	15.2	17.2	13.0%	73.1	93.4	27.8%
	Total	5,470.6	5,069.6	(7.3%)	21,063.6	20,678.9	(1.8%)

*Passengers in Tijuana who use CBX in both directions are classified as international.

CBX users (in thousands):

	Airport	Apr-23	Apr-24	% Change	Jan- Apr 23	Jan- Apr 24	% Change
	Tijuana	373.9	303.1	(18.9%)	1,413.3	1,244.9	(11.9%)

Highlights for the month:

• Seats and load factors: The seats available during April 2024 decreased by 8.1%, compared to April 2023, due to the preventive revision of the Pratt & Whitney engines of the A320neo and A321neo fleet. The load factors for the month went from 80.6% in April 2023 to 86.3% in April 2024.
• Holy Week Holiday: the passenger traffic decrease in the month includes the effects of the Holy Week Holiday in 2024 (March 24 to March 31) compared to the Holy Week Holiday in 2023 (April 2 to April 9).
• New routes:
  • Guadalajara – Los Cabos: Mexicana
  • Los Cabos – Felipe Ángeles: Viva Aerobus

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Alejandra Soto, Investor Relations and Social Responsibility Officer	asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx/+52 33 3880 1100 ext. 20294