Airport Investor Resource
  • The Source
  • Investor Spotlight
  • IR Pulse
  • Operator Profiles
  • Deal Pipeline
  • Marketplace
  • About
  • Subscribe
  • Login

Stock Ticker

  • Loading stock data...
IR Pulse
Viewpoint: Winning Features of Mexico’s New Felipe Angeles Airport
GAD Americas: Have Airport Dynamics Changed as we Come Out of the Pandemic?
Interview: Jonathan Hanna, Director of Operations, Nassau Airport Development Company
GAD Americas: The Markets Leading the Traffic Rebound
Airport Investor Resource
  • The Source
  • Investor Spotlight
  • IR Pulse
  • Operator Profiles
  • Deal Pipeline
  • Marketplace
  • About
  • Subscribe
  • Login

What are the Challenges Facing GAP in the Near Term?

April 12, 2021

By Justin Lee (Singapore)

Just like other airport operators, 2020 was a difficult year for Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) due to the outbreak of the COVID-19 pandemic which caused unprecedented disruptions to the global air travel industry.

GAP Airport Network – Source: GAP Corporate Presentation

In the past year, GAP’s 12 airports in Mexico and 2 airports in Jamaica saw a year-on-year decline in passenger traffic by 43.9% to 27.3 million passengers.

With the drastic decline in passenger traffic, the airport operator also faced a 26.9% decline in revenues to MXN 11.9b and a 52.4% decline in operating income to MXN 3.9b.

The airport operator’s balance sheet at the end of the year 2020 appears to present its financial position on a more positive note.

GAP Shareholders’ Structure – Source: GAP Corporate Presentation

GAP’s current assets saw an increase by 79.8% to MXN 16.8b while current liabilities increased by 12.5%,  translating into an increase in the current ratio from 2.00 at the end of 2019 to 3.19 at the end of 2020. The current ratio of 3.19 indicates that current assets of the company are more than sufficient to cover current liabilities.

 

Investor Insights

Members-only content. Subscribers click here to sign in

Not yet a member of AirportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator profiles, industry insights, reports and much more.

Become a Member
airportairport financial performanceCBXCOVID-19domestic air travelGAPmexicopost-covid recovery
previous post
Digital Health Passes: Ready For Take-off? (Part 2 of 3)
next post
Digital Health Passes: Ready For Take-off? (Part 3 of 3)

You may also like

Viewpoint: Winning Features of Mexico’s New Felipe Angeles...

CCR Airports Sees Brazil’s Airport Market as the...

AviAlliance Eyes More Airport Investment Opportunities While Defending...

Fraport Expects a Strong Performance for 2022 Following...

Tweets by @modalis_inc
Modalis on LinkedIn

Search AirportIR

Stay up-to-date

Twitter Linkedin Email

Browse a Category

@2019 - Airport Investor Resource by Modalis. All Right Reserved.


Back To Top