Grupo Aeroportuario del Pacífico filed its annual report for 2024 with regulatory bodies in Mexico and the U.S.
Quiver AI Summary
Grupo Aeroportuario del Pacífico (GAP) announced that it has filed its annual report for the year ending December 31, 2024, with various financial authorities in Mexico and the U.S. This report is accessible on multiple platforms, including GAP’s corporate website. The company operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations. GAP is also involved in airport operations in Jamaica. The press release warns that it may contain forward-looking statements subject to risks and uncertainties and advises caution regarding reliance on non-GAAP financial measures like EBITDA. Additionally, GAP has established a whistleblower program to allow confidential reporting of suspected illegal activities.
Potential Positives
- The annual report and Form 20-F filing underscores Grupo Aeroportuario del Pacífico's commitment to transparency and regulatory compliance, which can enhance investor trust and credibility in the market.
- The company's operations include 12 airports in Mexico's Pacific region, indicating a strong market presence and potential for growth in travel and tourism sectors.
- The implementation of a "whistleblower" program demonstrates GAP's commitment to ethical practices and corporate governance, which can help build a positive corporate reputation.
Potential Negatives
- Filing of financial reports may indicate pressure for transparency, which could suggest past issues affecting financial performance.
- Emphasis on non-GAAP financial measures such as EBITDA may create concerns regarding the overall financial health of the company compared to IFRS standards.
- Forward-looking statements accompanied by warnings of risks and uncertainties may lead to investor skepticism about the company's future performance and stability.
FAQ
What recent filing did Grupo Aeroportuario del Pacífico announce?
GAP filed its annual report for the year ended December 31, 2024, with relevant financial authorities.
Where can investors access Grupo Aeroportuario del Pacífico's financial documents?
Documents can be accessed on the BMV, BIVA, SEC websites, and GAP's corporate site in the "Investors" section.
What airports does Grupo Aeroportuario del Pacífico operate?
GAP operates 12 airports, including those in Guadalajara, Tijuana, Puerto Vallarta, and Los Cabos.
What is EBITDA, and how should it be viewed?
EBITDA is a non-GAAP financial measure; it should be considered as a supplement to IFRS measures.
How can complaints be reported to Grupo Aeroportuario del Pacífico?
Complaints can be reported anonymously via phone, WhatsApp, website, or email through GAP's whistleblower program.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
GUADALAJARA, Mexico, April 24, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) today announced the filing of its annual report, corresponding to the year ended December 31, 2024, to the Mexican National Banking and Securities Commission (“CNBV”), the Mexican Stock Exchange (“BMV”), and the Institutional Stock Market Exchange (“BIVA”), as well as the filling of its Form 20-F to the U.S. Securities and Exchange Commission (“the SEC”).
These documents can be accessed on the following websites: for the BMV ( www.bmv.com.mx ), for the BIVA ( www.biva.mx ) for the SEC (www.sec.gov), respectively, or on GAP’s corporate website at www.aeropuertosgap.com.mx on the “Investors” section.
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of Norman Manley International Airport in Kingston, Jamaica, and took control of the operation in October 2019.
This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS.
This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to several risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
Alejandra Soto, Investor Relations and Social Responsibility Officer | [email protected] |
Gisela Murillo, Investor Relations | [email protected]/+52 33 3880 1100 ext. 20294 |