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.