Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico ("Pacific Airports Group"), also known as GAP, is a Mexican airport operator headquartered in Guadalajara, Mexico. It operates 12 airports in central and northwestern Mexico and two in Jamaica.

GAP's airports include major urban areas, including Guadalajara, Tijuana, and León, as well as major tourist destinations, including Los Cabos, Puerto Vallarta, and Montego Bay. It is the largest airport operator in Mexico based on passenger traffic, with over 56 million passengers traveling through its 12 terminals in Mexico, and an additional 7 million passengers travelling through Jamaica.

GAP is listed on the Mexican Stock Exchange and in the NYSE through ADRs since 2006. It is a constituent of the IPC, the main benchmark index of the Mexican Stock Exchange.

History

Prior to 1998, Aeropuertos y Servicios Auxiliares (ASA), a federal corporation, was responsible for the construction, development, and operation of all airports in Mexico. At the time, ASA's network included 58 commercial airports covering major cities and tourist destinations throughout the country.

In 1995, the government privatized airport management, which allowed commercial operators to submit bids to operate 35 airports. This saw the emergence of four major private operators, including GAP, which was awarded a 50-year concession to operate 12 of the available airfields. Other groups emerging from this process included Grupo Aeroportuario Centro Norte (OMA), which was awarded a concession of 9 airports, Grupo Aeroportuario del Sureste (ASUR), with 13 airports, and Grupo Aeroportuario de la Ciudad de México, which continued to be majority-owned by the federal government, to operate Mexico City International Airport.

Since that time, GAP has administered, operated, maintained and developed twelve airports in the Central and Pacific regions of Mexico.GAP - Who are we?

In 2011, GAP entered into a dispute with one of its largest shareholders, Grupo México, which held more than 20% of the Group's shares and announced plans to increase its stake to over 30%. According to GAP bylaws, no one shareholder can control more than 10% of the company's float. In 2015, the parties reached an agreement, with Grupo México announcing it has reduced its stake in GAP, although not enough to meet GAP bylaws.Grupo Mexico sells more shares in airport operator GAP. Reuters.

In February 2006, shares of GAP were enlisted in the NYSE under "PAC", and in the Bolsa Mexicana de Valores under "GAP".

Airports

Airports in Mexico AirportCityStateICAOIATA Aguascalientes International Airport Aguascalientes Aguascalientes Guadalajara International Airport Guadalajara Jalisco Hermosillo International Airport Hermosillo Sonora La Paz International Airport La Paz Baja California Sur Del Bajío International Airport León Guanajuato Los Cabos International Airport Los Cabos Baja California Sur Los Mochis International Airport Los Mochis Sinaloa Manzanillo International Airport Manzanillo Colima Mexicali International Airport Mexicali Baja California Morelia International Airport Morelia Michoacán Puerto Vallarta International Airport Puerto Vallarta Jalisco Tijuana International Airport Tijuana Baja California

Map

Airports in Jamaica AirportCityCountryICAOIATASangster International AirportMontego BayJamaicaNorman Manley International AirportKingstonJamaica

Passenger numbers Airports in Mexico Number of passengers at each airport by 2025: Rank Airport City State Passengers 1 Guadalajara International AirportGuadalajaraJalisco18,696,600 2 Tijuana International AirportTijuanaBaja California12,650,000 3 Los Cabos International AirportLos CabosBaja California Sur7,529,900 4 Licenciado Gustavo Díaz Ordaz International AirportPuerto VallartaJalisco6,947,700 5 Bajío International AirportLeónGuanajuato3,301,500 6 Hermosillo International AirportHermosilloSonora2,203,100 7 Morelia International AirportMoreliaMichoacán1,508,100 8 La Paz International AirportLa PazBaja California Sur1,337,600 9 Mexicali International AirportMexicaliBaja California1,272,100 10 Aguascalientes International AirportAguascalientesAguascalientes984,100 11 Los Mochis International AirportLos MochisSinaloa713,600 12 Playa de Oro International AirportManzanilloColima231,200Total 63,685,700

Airports in Jamaica Number of passengers at each airport by 2025: Airport City Country Passengers Sangster International AirportMontego BayJamaica4,469,100 Norman Manley International AirportKingstonJamaica1,841,200Total 6,310,300

Statistics The company operates five of the ten busiest airport in Mexico by passenger traffic: Guadalajara (3rd), Tijuana (5th), Los Cabos (6th), Puerto Vallarta (7th), and Bajío (9th). Traffic figures have grown significantly since the group took control of the terminals, although these figures have been impacted by global events, including the 2008 financial crisis, the COVID-19 pandemic, and a product recall by Pratt & Whitney in 2023, affecting hundreds of aircraft operated by major airlines in Mexico.

Grupo Aeroportuario del Pacífico

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