Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Issues Updated FY15 Outlook
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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC) nnounces updated guidance figures for the twelve-month period of 2015 (January 1 to December 31):
GAP INTERNATIONAL1 | ||||||||
Traffic | 23.0% - 25.0% | |||||||
Aeronautical Revenue | 38.0% - 40.0% | |||||||
Non-Aeronautical Revenue | 38.0% - 40.0% | |||||||
Total Revenue | 38.0% - 40.0% | |||||||
EBITDA | 35.0% - 37.0% | |||||||
EBITDA margin | 68.0% - 69.0% | |||||||
Total CAPEX | Ps. 1,540 million | |||||||
The above figures are estimates on current assumptions that GAP management believes are reasonable and are subject to change over the course of the year based on various factors including: airline performance, domestic and international economic conditions, government regulations, as well as a number of other factors that could affect GAP’s traffic and financial results. Please refer to GAP’s Form 20-F for the year ended December 31, 2014, for a more extensive list of factors that could affect results.
EBITDA (earnings before interest expense, income taxes, depreciation and amortization) is not a standardized measure of performance or financial condition under the accounting principles contained in International Financial Reporting Standards (“IFRS”). This measure is not comparable to measures used by other entities.
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1 Including Montego Bay Airport operations in Jamaica. This acquisition was effective in April, 2015
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