Grupo Aeroportuario del Pacifico has healthy exposure to domestic and international travel in Mexico
Out of three publicly traded Mexican airport operators, Pacifico holds the largest percentage of passenger market share at 26% (compared with 23% for Sureste, and 15% for Centro Norte), and growth remains strong as Mexican airlines are expanding fleets and opening routes. Unique routes served by Pacifico have grown at a roughly 6% average over the past five years, and we expect this trend to continue. In the past, few direct routes were offered to passengers because Mexico City served as the cen...Grupo Aeroportuario del Pacifico operates concessions to operate one international airport in Jamaica and twelve airports, which serve two major metropolitan areas (Guadalajara and Tijuana), several tourist destinations (Puerto Vallarta, Los Cabos, La Paz and Manzanillo), and a number of mid-sized cities (Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis). All of Co.'s airports are equipped to receive international flights and maintain customs, refueling and immigration services by the Mexican government. Also, Co. leases space to restaurants and retailers at its airports. In 2016, Co.'s airports served a total of approximately 32.6 million terminal passengers.
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