During June 2007, total terminal passengers increased 21.8% compared to June 2006, driven by domestic passenger traffic, which grew 38.9%.
Compared to June 2006, domestic terminal traffic registered a net increase of 364.9 thousand passengers, driven by passenger traffic at the Company's twelve airports. It is worth noting the passenger growth at the airports of Tijuana, with 119.9 thousand additional passengers; Guadalajara, with 101.1 thousand additional passengers; Hermosillo, with 21.5 thousand passengers; La Paz, with 21.1 thousand passengers; Bajio, with 20.6 thousand passengers; Puerto Vallarta, with 19.3 thousand passengers; Los Cabos, with 17.1 thousand passengers; Mexicali, with 14.6 thousand passengers; Los Mochis, with 10.8 thousand passengers; Aguascalientes, with 10.6 thousand passengers; Morelia, with 7.5 thousand passengers; and Manzanillo, with 0.5 thousand passengers. The increases continue to be largely attributable to the routes operated by low-cost carriers (LCC's) such as Interjet, Volaris, Alma, Click, VivaAerobus and Avolar.
It is important to mention that the suspension of AeroCalifornia's operations during April 2006 had a positive effect on passenger traffic in 2006. Year-over-year, comparisons are higher-than-anticipated in 2007, since in 2006, AeroCalifornia did not re-initiate operations until the beginning of August.
International terminal passenger traffic declined 3.1% with respect to June 2006, representing a decrease of 28.0 thousand passengers. Decreases in international passenger traffic at the Guadalajara, Bajio, Aguascalientes 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 reduction of traffic on the Hermosillo-Phoenix route.
The decrease in international passenger traffic at the Los Cabos airport in June 2007 compared to June 2006 was due to the effects of Hurricane Wilma, which caused damage to airports and destinations along Mexico's Gulf Coast and generated higher traffic at the Los Cabos airport last year.
On the other hand, it is worth mentioning the passenger growth at the airports of La Paz, with 3.5 thousand additional passengers; Tijuana, with 1.7 thousand passengers; Puerto Vallarta, with 1.3 thousand passengers; Manzanillo, with 0.7 passengers; Los Mochis, with 0.4 thousand passengers; and Mexicali, with 0.1 thousand passengers (for a total increase of 7.7 thousand international passengers at these airports compared to June 2006).
Low-Cost Carriers
At the close of June 2007, the weekly schedule of flights operated by LCC's increased by 44 weekly segments compared to May 2007. As a result, GAP's airports currently have a total of 833 segments, totaling 48 routes operated by LCC's.
During June 2007, a total of 496.4 thousand passengers were transported by LCC's (Interjet, Avolar, Volaris, Alma, Click and VivaAerobus), representing 38.14% of domestic passenger traffic for the month.
Currently, LCC's operate at eleven 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.
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