Grupo Aeroportuario del Pacifico Reports Strong Fourth Quarter 2024 Results

Grupo Aeroportuario del Pacifico (GAP) has reported robust financial results for the fourth quarter of 2024, reflecting the company's continued growth and market share gains. The company's net sales increased by 1% compared to the same period last year, reaching $4.3 billion. This growth was driven by market share gains at Old Navy and Gap, as well as strong progress on margins and cash flow. GAP's gross margin improved by 530 basis points to 38.9%, while operating margin expanded to 5.0%. The company's operating income for the quarter was $214 million, a significant improvement from the same period last year.

GAP's fourth quarter results were also marked by a 1.4% increase in total passenger traffic at the company's 14 airports, reaching 3,084,700 passengers. This growth was driven by the opening of new routes and the company's continued expansion. GAP announced several new routes during the quarter, including Guadalajara-Mexicali, Guadalajara-Ciudad Obregón, and Guadalajara-Tulum, among others. These new routes have contributed to the company's overall growth and have enhanced its connectivity and potential revenue opportunities.

GAP's strong financial performance in the fourth quarter of 2024 was also reflected in its full-year results. The company's net sales for the fiscal year were $14.9 billion, down 5% compared to last year. However, GAP's full-year operating cash flow was $1.5 billion, and the company ended the year with a cash balance of $1.9 billion, an increase of 54% from the prior year. GAP's full-year operating margin was 3.8%, and the company's adjusted operating margin was 4.1%.




GAP's strong fourth quarter and full-year results reflect the company's continued focus on operational rigor, reinvigorating its brands, and expanding its route network. The company's strategic initiatives have contributed to its overall financial health and have positioned GAP for continued growth in the future. As GAP continues to execute on its strategic plan, investors can expect the company to maintain its strong financial performance and continue to generate value for shareholders.