Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) Announces Results for the Third Quarter 2009
28 October 2009 - 9:06AM
PR Newswire (US)
GUADALAJARA, Mexico, Oct. 27 /PRNewswire-FirstCall/ -- Grupo
Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP)
("the Company" or "GAP") today reported its results for the third
quarter ended September 30, 2009. Figures are unaudited and have
been prepared in accordance with Mexican Financial Reporting
Standards ("NIF"). All peso amounts are presented in nominal pesos.
Highlights for Third Quarter 2009 vs. Third Quarter 2008: -
Revenues declined 4.8%, (Ps. 40.2 million), mainly due to the
decrease in aeronautical revenues. -- Revenues from aeronautical
services declined 5.8% (Ps. 37.8 million), mainly as a result of a
decline of Ps. 42.4 million in passenger charges, which was offset
by an increase in airplane landing fees and airplane parking fees.
Non-aeronautical service declined 1.3% (Ps. 2.3 million). - Cost of
services declined 22.4% (Ps. 56.1 million); as a percentage of
revenues cost of services decreased 560 basis points, and per
workload unit ("WLU") cost of services declined Ps. 6.1, from Ps.
44.3 in the third quarter of 2008 to Ps. 38.2 in the third quarter
of 2009. - As a result of the decrease in total revenues, cost of
government concession taxes decreased 4.7%, while the technical
assistance fee increased 3.3%. - Operating income increased 1.8%. -
EBITDA increased 3.3%, due to the higher rate in decrease of costs
as compared to the decrease in revenues. - Net income decreased
18.0%, Ps. 68.8 million lower that the figure reported in the third
quarter of 2008, mainly due to the decline in revenues caused by
lower passenger traffic. For the full version of this report please
visit http://www.aeropuertosgap.com.mx/ For more information please
visit http://www.aeropuertosgap.com.mx/ or contact: In Mexico
Miguel Aliaga, Investor Relations Officer Rodrigo Guzman, Chief
Financial Officer Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
Tel: 01 (333) 880 1100 ext 216 In the U.S. Maria Barona Kenia
Vargas i-advize Corporate Communications, Inc. Tel: 212 406
3691/3695 DATASOURCE: Grupo Aeroportuario del Pacifico, S.A.B. de
C.V. CONTACT: In Mexico, Miguel Aliaga, Investor Relations Officer,
, or Rodrigo Guzman, Chief Financial Officer, both of Grupo
Aeroportuario del Pacifico, +011-333-880-1100, ext. 216; or In the
U.S., Maria Barona or Kenia Vargas, both of i-advize Corporate
Communications, +1-212-406-3691 or +1-212-406-3695, , for Grupo
Aeroportuario del Pacifico Web site:
http://www.aeropuertosgap.com.mx/
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