Grupo Aeroportuario del Pacífico reports no material impact from Spirit Airlines' cessation of operations, as it had no presence in GAP's Mexican airports and limited exposure in Jamaica fully covered by guarantees.
Key takeaways
Spirit Airlines did not operate at any Mexican airports managed by GAP.
Spirit represented 3.5% of passenger traffic in Kingston and 2.6% in Montego Bay, Jamaica.
Affected routes to Florida have available capacity from JetBlue, American Airlines, and Southwest.
No material accounts receivable exposure; balances fully covered by bank guarantees and cash deposits.
GAP will monitor Jamaican market and facilitate route reallocation to preserve connectivity.