The revenues of Grupo Aeroportuario del Pacífico (GAP) had a year-on-year growth of 38.7% in the first quarter of 2023, driven by the increase in passenger traffic, the company reported in its quarterly report to the Mexican Stock Exchange (BMV). .
GAP had total revenues of 8,339 million pesos in January-March 2023, compared to the 6,012 million pesos registered in the same period of the previous year.
The number of passengers in the 13 terminals managed by GAP in Mexico and Jamaica, including the Guadalajara and Tijuana airports, amounted to 15.5 million in the first third of this year, a growth of 23.9% compared to 2022.
The company’s net profit rose 10.2% compared to 2022, to 2,565 million pesos, while its operating flow (EBITDA) expanded 26.6%, to 4,696 million pesos, according to its latest financial statements.
Revenue growth and EBITDA were above analyst consensus estimates.
“During the first quarter of the year, significantly positive results are presented compared to the same period of 2022,” the company highlighted.
So far this year, GAP’s share on the BMV has gained 26.23%, to 358.15 pesos, being one of the seven companies in the S&P/BMV IPC that has risen the most.
With the publication of Grupo Aeroportuario del Pacífico, the reporting season for the first quarter of 2023 in Mexico begins.
This Tuesday the report of Grupo Bolsa Mexicana de Valores is expected.
