The latest update is out from Grupo Aeroportuario del Pacifico ( (PAC) ).
Grupo Aeroportuario del Pacífico reported a significant increase in revenues and operational income for the fourth quarter of 2024, driven by a recovery in passenger traffic and the opening of new routes. The company’s financial position was bolstered by a 16.4% increase in combined aeronautical and non-aeronautical services revenues, alongside a 14.9% rise in EBITDA, despite a slight decrease in EBITDA margin. The recovery in passenger numbers was supported by the resumption of operations of Volaris and Viva aircraft and the depreciation of the peso, which increased revenues from Jamaica’s airports. The strategic opening of new domestic and international routes further contributed to passenger growth, reflecting the company’s robust market positioning and its ongoing efforts to expand its network.
More about Grupo Aeroportuario del Pacifico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., also known as Pacific Airport Group, operates in the airport management industry. It provides aeronautical and non-aeronautical services across 14 airports in Mexico and Jamaica, focusing on passenger and cargo transportation, with a significant emphasis on expanding routes and enhancing service offerings.
YTD Price Performance: 7.20%
Average Trading Volume: 74,967
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10B
Learn more about PAC stock on TipRanks’ Stock Analysis page.