Grupo Aeroportuario Del Pacifico SAB de CV PAC Stock Analysis

About Grupo Aeroportuario Del Pacifico SAB de CV

Grupo Aeroportuario del Pacífico, S.A.B. of C.V. (GAP) is a Mexican company that develops its activity in the airport sector. GAP operates 12 international airports in Mexico and two in Jamaica, serving more than 330 destinations, through 35 airlines. Its shares are listed on the stock exchanges of Mexico and New York. In 2020, GAP served 27.3 million passengers, achieving a 56% recovery compared to those served in 2019 (48.7 million passengers). The airports managed by Grupo Aeroportuario del Pacífico are located at: Guadalajara and Tijuana, serving the main metropolitan areas. Mexicali, Hermosillo, Los Mochis, Aguascalientes, Guanajuato, and Morelia, serving medium-sized developing cities. La Paz, Los Cabos, Puerto Vallarta, Manzanillo and Montego Bay, serving some of the most important tourist destinations in Mexico and the Caribbean. On October 10, 2018, GAP signed the concession contract with the government of Jamaica to operate, modernize and expand the Norman Manley International Airport ("KIN") located in the city of Kingston. The airports managed by GAP in Mexico are owned by the Mexican government and have been allocated in a 50-year concession starting in 1998, as part of a domestic initiative to privatize and improve the quality and security of the country's airport services. In Jamaica, the government owns the Montego Bay Airport and the concession granted for its operation is for a 30-year period, which will conclude on April 2033. The Kingston Airport was granted for a 25-year concession. GAP took control of the operation and administration this past October 2019. Grupo Aeroportuario del Pacífico believes in the value of each individual and seeks to trigger his or her potential through education. Better-educated Mexicans will raise their quality of life and contribute towards the country's development. GAP, in line with its business model and through its Foundation, is committed to be a factor of change. We work on two strategic pillars: work with the community, through the GAP Schools, and on training the airport community, with Community Training Centers. Photo - https://mma.prnewswire.com/media/1440076/Renders.jpg Logo - https://mma.prnewswire.com/media/1440075/GAP_logo.jpg SOURCE Grupo Aeroportuario del Pacifico