Grupo Aeroportuario del Pacifico (PAC) has released an update.
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Grupo Aeroportuario del Pacífico reported an 11.4% increase in total revenues for Q3 2024, driven by a significant rise in non-aeronautical revenues despite a decline in passenger traffic due to engine reviews affecting major airlines. The company’s strategic focus on expanding its cargo and free trade zone business at Guadalajara airport played a crucial role in offsetting the dip in aeronautical revenues. With a strong cash position and recent refinancing activities, GAP continues to show financial resilience amidst operational challenges.
For further insights into PAC stock, check out TipRanks’ Stock Analysis page.
