Grupo Aeroportuario del Pacifico Announces Results for the Fourth Quarter of 2020

GUADALAJARA, Mexico, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del PacA­fico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (a??the Companya?? or a??GAPa??) reported its consolidated results for the fourth quarter ended December 31, 2020 (4Q20). Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards (a??IFRSa??) as issued by the International Accounting Standards Board (a??IASBa??).COVID-19 ImpactDuring the fourth quarter of the year, the COVID-19 pandemic continued to affect the Companya??s results, mainly due to the decrease in international and domestic passenger traffic compared to 4Q19. Beginning in mid-2020, non-essential activities in Mexico began to reactivate and the airports began to demonstrate improvements in passenger traffic. However, the general population was encouraged to remain at home. With respect to operations in the Jamaican airports, beginning June 15, 2020, the number of flights at these airports began to increase, but 4Q20 had much lower passenger traffic levels compared to 4Q19.The level of recovery in the Companya??s operations and results will depend on the duration and containment of the pandemic by the Mexican, Jamaican and U.S. governments, as the main origin-destination. Due to the nature of the pandemic, the Company cannot completely estimate its impact on the financial situation or the operating results of the Company for the short, medium, or long term.4Q20 Company Measures:
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