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 http://www.aeropuertosgap.com.mx/ For more information please visit http://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
Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
CONTACT: In Mexico, Miguel Aliaga, Investor Relations Officer,
maliaga@aeropuertosgap.com.mx, or Rodrigo Guzman, Chief Financial Officer,
both of GAP, +011-333-880-1100 ext 216; or In the U.S., Maria Barona or Kenia
Vargas, +1-212-406-3691, +1-212-406-3695, gap@i-advize.com, both of i-advize
Corporate Communications, Inc. for GAP
Web site: http://www.aeropuertosgap.com.mx/
