By Justin Lee (Singapore)
Compared to the year 2020, 2021 could be said to be a much better year for Grupo Aeroportuario del Pacífico (GAP) as it moved towards a recovery from the negative impact of the COVID-19 pandemic.
With most of its airport business concentrated in Mexico – the airport operator also operates the two major airports in Jamaica – GAP benefited significantly from the 78.8% recovery of 2019 passenger traffic levels in 2021 across the country. In December 2021, Mexico posted a 95% recovery in terms of passengers carried, nearly fully rebounding from the COVID-19 pandemic.
In the year ended 31 December 2021, terminal passenger traffic across GAP’s airports was 42.7 million, a year-on-year increase by 57.1% as compared to the same period of 2020. This was also a year-on-year decline by 11.8% as compared to the same period of 2019, a recovery that was better-than-expected.
Source: Grupo Aeroportuario del Pacífico 4Q2021 Financial Report
GAP’s recovery in 2021 continued to be led by its airports at Guadalajara and Tijuana, which had a share of over 50% of the 42.7 million passengers handled at all its airport terminals including those in Jamaica.
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