Manzanillo and Puerto Vallarta Airports Not Affected By Hurricane John
Posted on: Friday, 1 September 2006, 15:00 CDT
GUADALAJARA, Mexico, Sept. 1 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A. de C.V. (BMV: GAP) ("the Company" or "GAP") announced today that Hurricane John passed through the areas surrounding the Manzanillo and Puerto Vallarta airports without causing damage that would be expected to affect airport operations. Both airports remained open yesterday despite the hurricane, which was downgraded [yesterday] from a Category 3 to a Category 2 storm.
Manzanillo International Airport did not report any flight cancellations as a result of the hurricane, while Puerto Vallarta International Airport reported eight cancellations. Both airports have since resumed normal operations. In addition, we understand that the hotel areas that surround both airports are operating normally.
Hurricane John, which today strengthened to a Category 3 hurricane, is expected to reach Baja California where the La Paz and Los Cabos airports are located, this afternoon. As a precaution, the Los Cabos airport, which has the greatest risk of sustaining damage, closed at 9:30 a.m. this morning and will remain closed until further notice.
After additional information becomes available, we intend to issue a press release to update the market on the impact, if any, of this hurricane on our airports and their surrounding areas.
Company Description:
Grupo Aeroportuario del Pacifico, S.A. de C.V. (GAP) operates 12 airports throughout the Mexican Pacific region, including the main cities such as Guadalajara and Tijuana, four tourist destinations in Puerto Vallarta, Los Cabos, La Paz and Manzanillo in addition to six other medium-size cities such as Hermosillo, Bajio, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, the shares of GAP were listed on the New York Stock Exchange under the symbol "PAC" and on the Mexican Stock Exchange under the symbol "GAP".
This press communication may contain in the statements some estimates. These statements are non-historical facts and are based upon the current vision of the administration of GAP on the future economic circumstances, industry conditions, performance of the company and financial results. The words "anticipates,""believes,""estimates,""expects,""plans" and such other similar expressions, in connection with the Company, are intended to identify the estimations or expectations. The statements regarding the statement or payment of dividends, the implementation of the main operation and financial strategies and capital investment plans, the course of future operations and the factors that affect the financial condition, cash flow for prompt payment or the results of operations are examples of the stated estimations. Such statements show the current vision of the management and are subject to several risks and possible future events. There is no guaranty that the expected events or results will actually occur. The statements are based upon several assumptions and factors, including the general economic and market conditions, industry conditions and the operation factors. Any change in such assumptions or factors could cause the actual results to be materially different from the current expectations.
For more information, please visit http://www.aeropuertosgap.com.mx/ .
Grupo Aeroportuario del Pacifico, S.A. de C.V.
CONTACT: In Mexico, Rodrigo Guzman, Chief Financial Officer, ext 212, orMiguel Aliaga, Investor Relations Officer, ext 241,maliagag@aeropuertosgap.com.mx, both of Grupo Aeroportuario del Pacifico, S.A.de C.V., +011-52-33-3880-1100; in the U.S., Maria Barona, or Peter Majeski,i-advize Corporate Communications, Inc., +1-212-406-3690, gap@i-advize.com,both for Grupo Aeroportuario del Pacifico, S.A. de C.V.
Web site: http://www.aeropuertosgap.com.mx/
Source: PRNewswire-FirstCall
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