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Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) Announces Results for the Second Quarter 2009
Friday, July 24, 2009 4:41 PM


GUADALAJARA, Mexico, July 24 /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 second quarter ended June 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 Second Quarter 2009 vs. Second Quarter 2008:
    -- Revenues declined 15.0% (Ps. 132.8 million), mainly due to the decrease
       in aeronautical revenues.
       -- Revenues from aeronautical services declined 18.1%
          (Ps. 126.5 million) mainly as a result of a decline in passenger
          charges of Ps. 119.6 million, airplane landing fees, airplane
          parking fees, the renting of space to airlines and the use of
          walkways. Non-aeronautical services revenues declined 3.4%
          (Ps. 6.3 million).
    -- Cost of services declined 5.7% (Ps. 14.4 million), as a percentage of
       revenues, cost of services increased 313 basis points and per workload
       unit ('WLU') cost of services increased Ps. 9.3, from Ps. 41.6 in the
       second quarter of 2008 to Ps. 50.9 in the second quarter of 2009.
    -- As a result of the decrease in total revenues, cost of government
       concession taxes decreased 15.1% and the technical assistance fee
       decreased 19.0%.
    -- Operating income declined 32.2%.
    -- EBITDA decreased 19.0%, mainly due to the decline in aeronautical
       services.
    -- Net income decreased 53.3%, Ps. 169.6 million lower than the figure
       reported in the second quarter of 2008, mainly due to the decline in
       revenues due to lower traffic.
    For the full version of this report please visit www.aeropuertosgap.com.mx
    For more information please visit 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
    maliaga@aeropuertosgap.com.mx
    In the U.S.
    Maria Barona
    Kenia Vargas
    i-advize Corporate Communications, Inc.
    Tel: 212 406 3691/3695
    gap@i-advize.com

SOURCE Grupo Aeroportuario del Pacifico, S.A.B. de C.V.

(Source: PR Newswire )


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