Equity Analysis /

Grupo Aeroportuario del Pacifico: Flash GAP: September passengers exceed pre-pandemic levels

  • Gap's total passengers in September posted a 64.1% y/y growth, increasing 1.2% vs September 2019

  • Domestic traffic rose 46.9% y/y and international traffic increased 105.4% y/y

  • The increase in Mexico's total traffic was 57.4% y/y, equivalent to 101.0% of 2019's figures (vs our estimate of ⁓98.0%)

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

5 October 2021
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