Grupo Aeroportuario del Pacífico Informs Regarding Its Expected 2012 Guidance
10-Jan-2012 Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") informs regarding its expected guidance for the twelve-month 2012 period (January 1 to December 31, 2012):
Traffic: Increase of 3-4%
Aeronautical Revenue: Increase of 8-9%
Commercial Revenue: Increase of 6.5-8%
Total Revenue: Increase of 7.5-8.5%
Cost of Services: Increase of 9-12%
EBITDA margin of 65.3 to 66.3%
EBITDA: Increase of 6 to 8.5%
Cash Tax of 28%
TOTAL CAPEX (PMD + NO PMD): Ps. 880 million
The Company is in the process of negotiating with the airlines to provide baggage documentation services. The corresponding expenses are expected to be recovered by a tariff that has not yet been considered in this guidance. This could have an impact on the Company's EBITDA margin.
The above figures are estimates based on assumptions that 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, and any other factors that could affect GAP's traffic and financial results.