Grupo Aeroportuario Del Pacifico Provides Financial Guidance for Full Year 2018
January 16, 2018 at 11:36 am
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Grupo Aeroportuario Del Pacifico Provided Operating and CapEx Guidance for Full Year 2018. For the year, the company expects traffic to be 8%, total revenue to be 13%, EBITDA to be 11%, EBITDA margin to be 69% and CAPX to be MXN 2.6 billion. Passenger traffic projections are based on the consolidation of routes developed to date, estimates for occupancy load factors, projections for increases in frequencies and number of seats offered by the airlines. Revenue increases are based on traffic performance, applicable passenger fees, contract terms and current commercial agreements, as well as the development of other activities. The increase in cost of services reflects operating requirements needed to meet higher airport service demand, infrastructure expansions and service quality improvements, as well as the hiring of additional personnel for the operations, maintenance, security and cleaning departments. CAPEX for GAP’s airports in Mexico will reach approximately MXN 1.8 billion, of which around MXN 1.0 billion will be allocated towards the Master Development Program, about MXN 600 million will be for investments to be executed this year which were postponed in 2017 and will provide higher operational capacity, while approximately MXN 200 million will be allocated towards commercial investments. Investments at the Montego Bay airport in Jamaica under the Capital Development Program will reach MXN 800 million.
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.