Equity Analysis /

Grupo Aeroportuario del Pacifico: Flash GAP: Higher than expected recovery in passengers in May

  • Gap posted a 904.2% y/y growth in total May passengers (+14.2% m/m), representing 93.6% of May 2019 figure

  • Total passengers at the 12 airports in Mexico showed an 842.4% y/y rise, equivalent to 95.4% of May 2019, above 88.0%e

  • We reiterate the favorable outlook despite Mexican aviation downgrade which we expect to have a moderate impact on Gap

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

7 June 2021
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