Grupo Aeroportuario Del Pacifico Reports Passenger Traffic Increase of 6.3% for January 2007
Posted on: Thursday, 8 February 2007, 18:00 CST
GUADALAJARA, Mexico, Feb. 8 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (BMV: GAP) ("the Company" or "GAP") today announced terminal passenger traffic figures for the month of January 2007 compared to traffic figures for January 2006.
During January 2007, total terminal passenger increased 6.3% compared to January 2006, driven by domestic passenger traffic, which grew 17.5%.
Compared to January 2006, domestic terminal traffic registered a net increase of 167.8 thousand passengers, mainly driven by passenger traffic growth at the Guadalajara, Tijuana, Bajio, La Paz, Los Cabos, Los Mochis, Puerto Vallarta and Aguascalientes airports. The airports with the most notable increases were Guadalajara with 70.4 thousand passengers, Tijuana with 61.7 thousand passengers, Bajio with 13.2 thousand passengers, La Paz with 11.2 thousand passengers, Los Cabos with 8.4 thousand passengers, Los Mochis with 7.1 thousand passengers, Puerto Vallarta with 6.5 thousand passengers and Aguascalientes with 1.1 thousand passengers (representing a total increase of 179.6 thousand domestic passengers in January 2007, compared to January 2006). In the cases of Guadalajara, Bajio, Los Mochis, La Paz, Puerto Vallarta, Los Cabos and Tijuana, the increases continue to be largely attributable to the routes operated by the low-cost carriers (LCC's) such as Interjet, Volaris, Alma, Click, VivaAerobus and Avolar.
At the same time, GAP experienced declines in domestic passenger traffic at the airports of Mexicali with 5.3 thousand passengers, Manzanillo with 2.9 thousand passengers, Morelia with 2.6 thousand passengers and Hermosillo with 0.9 thousand passengers, representing a total decrease of 11.7 thousand domestic passengers at these airports compared to January 2006.
International terminal passenger traffic in January 2007 declined 6.8% compared to January 2006 despite growth at the Manzanillo airport of 1.9 thousand passengers, La Paz with 1.8 thousand passengers, Aguascalientes with 1.4 thousand passengers and Tijuana with 0.9 thousand passengers, representing a total increase of 6.0 thousand international passengers at these airports compared to January 2006.
Decreases in international passenger traffic at the Guadalajara, Bajio and Morelia airports were possibly a result of the substitution effect as several of the LCC's have increased the number of frequencies to and from Tijuana. This resulted in numerous passengers choosing to fly to the U.S. via Tijuana due to lower fares, therefore decreasing traffic on flights to and from California.
Decreases in international passenger traffic at the Hermosillo airport resulted from the suspension of Hermosillo-Los Angeles route operated by Aerocalifornia. However, we expect that this airport will see a resumption of some of this traffic next month upon the re-initiation of the above-mentioned route by Delta Airlines.
It is important to mention that the decreases in international traffic at the Los Cabos and Puerto Vallarta airports were due to the effect of Hurricane Wilma, which took place in 2005. During 2005, these destinations experienced higher passenger traffic due to the effects of the hurricane, which caused damage to other tourist destinations and airports located in Gulf of Mexico region, and thus drove passenger traffic to GAP's regions.
Low-Cost Carriers
At the close of January 2007, the weekly schedule of flights operated by LCC's increased by 9 weekly segments compared to December 2006. As a result, GAP's airports currently have a total of 596 segments, totaling 38 routes operated by LCC's.
In January 2007, a total of 333 thousand passengers were transported by LCC's, representing 29.59% of domestic passenger traffic for the month.
Currently, LCC's operate at nine out of the Company's twelve airports. Company Description:
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) operates twelve 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. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the "Ley del Mercado de Valores", GAP has implemented a "whistleblower" program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 800-759-0045. GAP's Audit Committee will be notified of all complaints for immediate investigation.
Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
CONTACT: In Mexico, Rodrigo Guzman, Chief Financial Officer, or MiguelAliaga, Investor Relations Officer, both of Grupo Aeroportuario del Pacifico,S.A.B. de C.V., +011-01-333-8801100, ext. 212 or 216, ormaliagag@aeropuertosgap.com.mx; In the U.S., Maria Barona or Peter Majeski,i-advize Corporate Communications, Inc., +1-212-406-3690, or gap@i-advize.com,for Grupo Aeroportuario del Pacifico
Web site: http://www.i-advize.com/
Source: PRNewswire-FirstCall
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