Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) Announces Results for the Third Quarter 2009

October 27, 2009 6:06 PM EDT

GUADALAJARA, Mexico, Oct. 27 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") today reported its results for the third quarter ended September 30, 2009. Figures are unaudited and have been prepared in accordance with Mexican Financial Reporting Standards ("NIF"). All peso amounts are presented in nominal pesos.

Highlights for Third Quarter 2009 vs. Third Quarter 2008:

- Revenues declined 4.8%, (Ps. 40.2 million), mainly due to the decrease in aeronautical revenues.

-- Revenues from aeronautical services declined 5.8% (Ps. 37.8 million), mainly as a result of a decline of Ps. 42.4 million in passenger charges, which was offset by an increase in airplane landing fees and airplane parking fees. Non-aeronautical service declined 1.3% (Ps. 2.3 million).

- Cost of services declined 22.4% (Ps. 56.1 million); as a percentage of revenues cost of services decreased 560 basis points, and per workload unit ("WLU") cost of services declined Ps. 6.1, from Ps. 44.3 in the third quarter of 2008 to Ps. 38.2 in the third quarter of 2009.

- As a result of the decrease in total revenues, cost of government concession taxes decreased 4.7%, while the technical assistance fee increased 3.3%.

- Operating income increased 1.8%.

- EBITDA increased 3.3%, due to the higher rate in decrease of costs as compared to the decrease in revenues.

- Net income decreased 18.0%, Ps. 68.8 million lower that the figure reported in the third quarter of 2008, mainly due to the decline in revenues caused by lower passenger traffic.

    For the full version of this report please visit www.aeropuertosgap.com.mx

    For more information please visit www.aeropuertosgap.com.mx or contact:

    In Mexico
    Miguel Aliaga, Investor Relations Officer
    Rodrigo Guzman, Chief Financial Officer
    Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
    Tel: 01 (333) 880 1100 ext 216
    maliaga@aeropuertosgap.com.mx

    In the U.S.
    Maria Barona
    Kenia Vargas
    i-advize Corporate Communications, Inc.
    Tel: 212 406 3691/3695
    gap@i-advize.com

SOURCE Grupo Aeroportuario del Pacifico, S.A.B. de C.V.

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