GUADALAJARA and JALISCO, Mexico, Oct. 19, 2009 (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.
