Estimates Impact Will Be Minimal
Grupo Aeroportuario del Pacifico reports on the announcement of Aerocalifornia's suspension
GUADALAJARA, Mexico - Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (the "Company" or "GAP") today made an announcement to the market regarding Aerocalifornia's operations at GAP's airports, per the announcement issued by the Mexican Ministry of Communications and Transportation (Secretaria de Comunicaciones y Transportes) regarding the suspension of Express Jet and Aerocalifornia within Mexican air space due to alleged non-payment for rights to use national air space. The Company is unable to determine how long these suspensions will last, and the impact on GAP will depend on their length.
It is important to note that at the close of June 2008, Aerocalifornia represented 6.1% of GAP's total traffic.
Aerocalifornia currently has operations in five of the Company's 12 airports (Guadalajara, Hermosillo, La Paz, Los Mochis and Tijuana), representing over 40% of total traffic in the La Paz and Los Mochis airports, which in terms of size, are the seventh and eleventh airports, respectively.
During the month of June, Aerocalifornia had 230 departures at the Company's airports. Aerocalifornia's only exclusive routes were Los Mochis - Ciudad Obregon (4 weekly outbound frequencies) and Tijuana - Tepic (one weekly outbound frequency), representing less than 7% of Aerocalifornia's total operations with GAP.
Regarding Express Jet's suspension, the Company estimates that its impact will be minimal since that company is not a direct client of GAP but rather offers services to Delta and Continental. According to an announcement by Continental Airlines, its flights in Mexico will not be affected by Express Jet's suspension.
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