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GAP Reports January 2024 Passenger Traffic
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GAP's Passenger Traffic Surge
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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) reports a 1.6% decrease in terminal passenger traffic for January 2024, with variations in Puerto Vallarta, Guadalajara, Tijuana, Los Cabos, and Montego Bay. GAP operates 12 airports in Mexico's Pacific region and has listings on the New York Stock Exchange and the Mexican Stock Exchange. The company acquired a majority stake in MBJ Airports Limited in 2015, operating Sangster International Airport in Montego Bay, Jamaica.
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How does GAP's acquisition of a majority stake in MBJ Airports Limited contribute to its overall business strategy?
How might the decrease in passenger traffic impact GAP's financial performance?
What strategies could GAP employ to mitigate the decrease in passenger traffic?
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