Grupo Aeroportuario del Pacífico ("Pacific Airports Group"), also known as GAP, is a Mexican airport operator headquartered in

Guadalajara Guadalajara ( ; ) is the capital and the most populous city in the western Mexican List of states of Mexico, state of Jalisco, as well as the most densely populated municipality in Jalisco. According to the 2020 census, the city has a population ...

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

. It operates 12 airports in central and northwestern

and two in

Jamaica Jamaica is an island country in the Caribbean Sea and the West Indies. At , it is the third-largest island—after Cuba and Hispaniola—of the Greater Antilles and the Caribbean. Jamaica lies about south of Cuba, west of Hispaniola (the is ...

. GAP's airports include major urban areas, including

Tijuana Tijuana is the most populous city of the Mexican state of Baja California, located on the northwestern Pacific Coast of Mexico. Tijuana is the municipal seat of the Tijuana Municipality, the hub of the Tijuana metropolitan area and the most popu ...

, and León, as well as major tourist destinations, including

Los Cabos LOS, or Los, or LoS may refer to: Science and technology * Length of stay, the duration of a single episode of hospitalisation * Level of service (transportation), Level of service, a measure used by traffic engineers * Level of significance, a ...

Puerto Vallarta Puerto Vallarta ( or simply Vallarta) is a Mexican resort city near the Bahía de Banderas on the Pacific coast of the Mexico, Mexican state of Jalisco. Puerto Vallarta is the second largest urban agglomeration in the state after the Guadalajara ...

, and

Montego Bay Montego Bay () is the capital of the Parishes of Jamaica, parish of Saint James Parish, Jamaica, St. James in Jamaica. The city is the fourth most populous urban area in the country, after Kingston, Jamaica, Kingston, Spanish Town, and Portmore ...

. 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 The Mexican Stock Exchange (), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after S ...

and in the

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

through ADRs since 2006. It is a constituent of the IPC, the main benchmark index of the

Tijuana International Airport by Planet Labs

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,

Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of ...

passed a law regulating airport management, which allowed private operators to submit bids to operate 35 commercial airports. This process 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 Grupo Aeroportuario del Sureste, S.A.B. de C.V., known as ASUR, is a Mexican airport operator headquartered in Mexico City, Mexico. It operates 9 airports in the southeastern states of Mexico, including that of Cancún. It is the third largest ai ...

(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 Mexico City International Airport (); officially ''Aeropuerto Internacional Benito Juárez'' (Benito Juárez International Airport) is the primary international airport serving Greater Mexico City. It is the List of the busiest airports in Me ...

. Since that time, GAP has administered, operated, maintained and developed twelve airports in the Central and Pacific regions of Mexico. 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. GAP has developed a comprehensive plan of airport development that is described in the Development Master Plan 2010–2014. To meet the objective to adapt the infrastructures of their airports, GAP foresees investing approximately 2,770 million pesos in the period 2010–2014. In February 2006, shares of GAP were enlisted in the

under "PAC", and in the Bolsa Mexicana de Valores under "GAP". GAP derives income from passenger traffic and through marketing of its commercial spaces. In the commercial arena, the business strategy is focused on increasing the profit opportunities in retail spaces. To meet this strategy, the Group has placed in operation and continue to develop modern and attractive commercial areas. The objectives of Grupo Aeroportuario del Pacífico have been stated as: to fund the appropriate levels of infrastructure at their airports; to provide the technology, management methods, and modern operational tools to elevate levels of efficiency and operation; to meet international efficiency standards; and, finally, to maintain the present levels of security. The activities of the Group are held to a criterion of economic rationality, so that investors receive an attractive rate of return.

Airports

Airports in Mexico

Map

Airports in Jamaica

Passenger numbers

Airports in Mexico

Number of passengers at each airport by 2024:

Airports in Jamaica

Number of passengers at each airport by 2024:

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 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

, and a product recall by

Pratt & Whitney Pratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of RTX Corporation (formerly Raytheon Technologies). Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially ...

in 2023, affecting hundreds of aircraft operated by major airlines in Mexico.

ESG

The group has developed a comprehensive ESG platform, committing to incorporating social impact and environmental protection efforts into its operations.GAP Environmental Policy
/ref> This environmental commitment has been developed over the years through defined programs and actions, providing resources to ensure environmental goals and regulations are met. The stated objective of these programs is to reduce environmental impacts associated with airport activity and infrastructure development by defining the measures for its prevention, protection, improvement and correction in its case. In relation to these programs, GAP has been awarded an Environmental Certificate granted by the Federal Office for Environmental Protection.

References

External links

*
Official Website
{{DEFAULTSORT:Grupo Aeroportuario del Pacifico Companies listed on the New York Stock Exchange Airport operators of Mexico Airports in Mexico Aviation in Mexico Companies listed on the Mexican Stock Exchange Companies in the Indice de Precios y Cotizaciones Companies based in Guadalajara, Jalisco Mexican companies established in 1998

History

Airports

Airports in Mexico

Map

Airports in Jamaica

Passenger numbers

Airports in Mexico

Airports in Jamaica

Statistics

ESG

See also

References

External links