Grupo Aeroportuario del Pacifico: Flash GAP: Growth in passenger traffic returns in April, exceeding expectations

  • Gap posted an 884.8% y/y jump in passenger traffic in April (14 airports it operates), representing 80.6% vs. April 2019

  • For the 12 airports in Mexico it posted a 798.2% y/y advance, equivalent to 84.3% of 2019's April figure, above 65%-75%e

  • We reiterate our positive company outlook, with strong earnings growth, supported by a low baseline, and better demand

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