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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.
This report may contain projections or other forward-looking statements related to GAP that involve risks and uncertainties. Readers are cautioned that these statements are only projections of future events based on assumptions and estimates GAP believes to be reasonable, but these projections may differ materially from actual future results or events. Factors that could cause actual results to differ materially and adversely include, but are not limited to: changes in general economic, business or political or other conditions in Mexico, changes in general economic, business or political or other conditions in the United States or changes in general economic or business conditions in Latin America, the price of fuel, inflation rates, exchange rates, regulatory developments, customer demand and competition, changes in the performance or terms of our concessions, developments in legal proceedings, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms. Readers are referred to the documents filed by GAP with the United States Securities and Exchange Commission, specifically the most recent filing on Form 20-F which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to GAP on the date hereof, and GAP assumes no obligation to update such statements.
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, Guanajuato, 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".
For further information please visit: www.aeropuertosgap.com.mx.
SOURCE Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
http://www.aeropuertosgap.com.mx
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