Grupo Aeroportuario del Pacifico Announces Changes to Passenger Charges
20 October 2009 - 7:08AM
PR Newswire (US)
GUADALAJARA and JALISCO, Mexico, Oct. 19 /PRNewswire-FirstCall/ --
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV:
GAP) ("the Company" or "GAP") announced today information regarding
passenger charges. Passenger charges are fees charged to passengers
by airports worldwide for the use of airport facilities. Airports
use revenues from passenger charges to guarantee passenger safety
and maintain, update and expand airport infrastructure. In general,
passenger charges are collected by airlines on behalf of airports
by adding a fee to the price of an airline ticket. This process
will continue as such for some of the airlines operating at GAP's
airports. However, in the interest of the Company and certain
airlines, beginning November 1, 2009, passengers that purchase
tickets from certain airlines will pay passenger charges directly
to the airport as they will not be included in the airline ticket
price. It is important to highlight that the amount charged to
passengers will remain unchanged. Grupo Aeroportuario del Pacifico
will announce by November 1, 2009 which airlines will no longer
collect passenger charges, in addition to details regarding the
payment process at the Company's airports. In order to not
inconvenience passengers, GAP will ensure that this process is
efficient and seamless. Through this measure, GAP seeks to reduce
accounts receivable and the risks associated with missed tariff
payments, as well as ensuring the proper development of the
airports' infrastructure. Company Description: Grupo Aeroportuario
del Pacifico, S.A.B. de C.V. (GAP) operates 12 airports throughout
Mexico's Pacific region, including the major cities of Guadalajara
and Tijuana, the four tourist destinations of Puerto Vallarta, Los
Cabos, La Paz and Manzanillo, and six other mid-sized cities:
Hermosillo, Bajio, Morelia, Aguascalientes, Mexicali and Los
Mochis. In February 2006, GAP's shares were listed on the New York
Stock Exchange under the ticker symbol "PAC" and on the Mexican
Stock Exchange under the ticker symbol "GAP." This press release
may contain forward-looking statements. These statements are not
historical facts, and are based on management's current view and
estimates of future economic circumstances, industry conditions,
company performance and financial results. The words "anticipates,"
"believes," "estimates," "expects," "plans" and similar
expressions, as they relate to the company, are intended to
identify forward-looking statements. Statements regarding the
declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital
expenditure plans, the direction of future operations and the
factors or trends affecting financial conditions, liquidity or
results of operations are examples of forward-looking statements.
Such statements reflect the current views of management and are
subject to a number of risks and uncertainties. There is no
guarantee that the expected events, trends or results will actually
occur. The statements are based on many assumptions and factors,
including general economic and market conditions, industry
conditions, and operating factors. Any changes in such assumptions
or factors could cause actual results to differ materially from
current expectations. In accordance with Section 806 of the
Sarbanes-Oxley Act of 2002 and article 42 of the "Ley del Mercado
de Valores," GAP has implemented a "whistleblower" program, which
allows complainants to anonymously and confidentially report
suspected activities that may involve criminal conduct or
violations. The telephone number in Mexico, facilitated by a third
party that is in charge of collecting these complaints, is
800-759-0045. GAP's Audit Committee will be notified of all
complaints for immediate investigation. For more information,
visit: http://www.aeropuertosgap.com.mx/ or contact: In Mexico
Miguel Aliaga, Investor Relations Officer Grupo Aeroportuario del
Pacifico, S.A.B. de C.V. Tel: 01 (333) 8801100 ext 216 In the U.S.
Maria Barona / Kenia Vargas i-advize Corporate Communications Tel:
212 406 3691 DATASOURCE: Grupo Aeroportuario del Pacifico, S.A.B.
de C.V. CONTACT: Miguel Aliaga, Investor Relations Officer, Grupo
Aeroportuario del Pacifico, S.A.B. de C.V., +01-333-8801100, ext.
216, ; or in the U.S., Maria Barona or Kenia Vargas, both of
i-advize Corporate Communications, +1-212-406-3691, , for Grupo
Aeroportuario del Pacifico Web site:
http://www.aeropuertosgap.com.mx/
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