|GAP Expects Up to 7% Rise in Passenger Traffic for 2010|
Indiana Corrales - Business News Americas
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July 30, 2010
Mexican private airport operator GAP expects to see passenger traffic at its 12 airports increase by 5.5-7% during 2010 compared with 2009, the firm's head of investor relations, Miguel Aliaga told BNamericas.
The projected rise in passenger numbers will also lead to a boost in revenue. The firm predicts income growth of 13-16% in 2010, leading to profits up to 65.5% higher than the firm posted in 2009, according to Aliaga.
For Q2, GAP reported net profits of 175mn pesos (US$13.9mn), which represented an 18.1% year-on-year increase. The result was due to a combination of factors, said Aliaga.
"Last year, we restructured our airports' administration, moving from a local to a more regional management, which allowed us to save costs," he said, adding that last year's results were hit by the H1N1 flu outbreak.
GAP operates airports in Aguascalientes, Bajio, Guadalajara, Hermosillo, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, Puerto Vallarta, San Jose del Cabo and Tijuana