Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  Grupo Aeroportuario del Pacifico SABdeCV    GAP B   MX01GA000004

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Grupo Aeroportuario del Pacifico SABdeCV : Reports Passenger Traffic Increase of 7.8% for the Month of September

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 10:29pm CEST

Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC) (BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of September 2017, compared to traffic figures for September 2016.

During September 2017, total terminal passengers increased 7.8% in the Company’s 13 airports, compared to the same period of the previous year. Domestic passenger traffic increased by 8.9%, while international passenger traffic increased by 5.8%.

Events for the Period:

  • Seats and Load Factors: In September 2017, GAP registered an 8.0% increase in the number of seats available compared to September 2016. Load factors for the month decreased by 0.1 percentage points, from 76.5% in September 2016 to 76.4% in September 2017.
  • New Routes:
    • Mexicali to Hermosillo: TAR
    • Guadalajara to Tampico: TAR
  • Tropical Storm Lidia: As a result of Tropical Storm Lidia passing through the Pacific region of Mexico, the Los Cabos, La Paz and Los Mochis airports reported operating impacts from August 30 to September 2. As a result, 15,980 seats that were previously scheduled for September (12,600 for Los Cabos, 2,400 for La Paz and 980 for Los Mochis) did not operate. The 3 airports suffered minimal infrastructure damages, and are currently operating at 100%.
  • Hurricane Harvey: Hurricane Harvey struck the state of Texas at the end of August 2017, causing airport closures in Houston (Intercontinental and Hobby). To date, this closure has affected 14,500 previously-programmed seats, which were canceled as a result of the weather phenomenon (7 of the Company's airports, which currently operate flights to Houston on a regular basis, were affected).
  • Hurricane Irma: As a precaution against the arrival of Hurricane Irma to Florida (between September 8 - 12), airports in the state of Florida suspended air operations. Specifically, all flights to and from Fort Lauderdale, Miami, and Orlando were canceled on September 8, 9, and 10. As a result of these cancellations, a total of 5,080 seats (1,070 in Guadalajara and 4,010 in Montego Bay) that had been previously scheduled within our network, did not operate.
  • Air Traffic Control Systems in Jamaica: On the evening of September 8, the Kingston Air Traffic Control Center was struck by lightning, resulting in total data and communications systems failure. This caused all air operations to be suspended at Jamaica's airports; operations were reestablished, on a partial basis between 6 am and 7 pm of September 10. As a result, 2,660 seats did not operate at the Montego Bay Airport.
  • Excluding the above circumstances, the increase in total traffic for the Company would have been of approximately 30,000 passengers, equivalent to a 1.2 percentage point increase.

Company Description:

Grupo Aeroportuario del Pacífico, 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, Guanajuato, 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”. In April 2015 GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake of MBJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.

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 01-800-563-0047. The web site is http://www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

For more information please visit www.aeropuertosgap.com.mx.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GRUPO AEROPORTUARIO DEL PA
10/05 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Reports Passenger Traffic Increase of 7.8..
09/07 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Reports Passenger Traffic Increase of 9.9..
08/15 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Pays the First Portion of the Dividend Ap..
08/10 GRUPO AEROPORTUARIO DEL PACIFICO SAB : ex-dividend day for interim dividend
08/08 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Corporate News Blog - Grupo Aeroportuario..
08/04 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Reports Passenger Traffic Increase of 12...
08/02 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Announces Dividend Payment
07/27 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Investor Network: Grupo Aeroportuario del..
07/26 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Announces Results for the Second Quarter ..
07/19 GRUPO AEROPORTUARIO DEL PACIFICO SAB : Announces Outlook for Full Year 2017
More news
News from SeekingAlpha
10/18 Grupo Aeroportuario Del Centro Norte Still A Tough Call As Traffic Weakens
10/13 IMF OCTOBER BUYS : The 12 Stocks Added To My Fund
10/06 Grupo Aeroportuario Del Pacifico reports September traffic
10/02 Lean Long-Term Growth Portfolio - September 2017 Update
09/25 AUGUST IMF REVIEW : Summer Blues; Why I Sold Caterpillar
Financials ( MXN)
Sales 2017 11 802 M
EBIT 2017 6 270 M
Net income 2017 4 103 M
Debt 2017 5 033 M
Yield 2017 4,25%
P/E ratio 2017 24,33
P/E ratio 2018 21,32
EV / Sales 2017 9,22x
EV / Sales 2018 8,43x
Capitalization 104 B
Chart GRUPO AEROPORTUARIO DEL PA
Duration : Period :
Grupo Aeroportuario del Pa Technical Analysis Chart | GAP B | MX01GA000004 | 4-Traders
Technical analysis trends GRUPO AEROPORTUARIO DEL PA
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 202  MXN
Spread / Average Target 9,1%
EPS Revisions
Managers
NameTitle
Fernando Bosque Mohíno Chief Executive Officer
Laura Diez Barroso Azcárraga Chairman
Saúl Villarreal García Chief Financial Officer & Director-Administration
Jose Angel Martinez Sanchez Director-Technical Operations
Francisco Javier Marín San Andrés Director
Sector and Competitors
1st jan.Capitalization (M$)
GRUPO AEROPORTUARIO DEL PACIFICO SABDECV7.33%5 524
AENA17.32%26 770
AÉROPORTS DE PARIS36.20%16 500
SYDNEY AIRPORT HOLDINGS PTY LTD21.70%12 784
FLUGHAFEN ZUERICH AG18.48%6 854
GRUPO AEROPORTUARIO DEL SUREST SAB DE CV14.91%5 634