GAP 3Q2018 Financial & Operating Report

Staff Writer

December 10, 2018

nmia night

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (‘GAP’) reported its consolidated results for the third quarter ended September 30, 2018.

Summary of Results 3Q18 vs. 3Q17

  • The sum of aeronautical and non-aeronautical services revenues increased by MXN 451.5 million, or 16.8%. Total revenues increased by MXN 498.8 million, or 16.4%.
  • Cost of services increased by MXN125.3 million, or 25.1%.
  • Operating income increased by MXN. 254.6 million, or 16.7%.
  • EBITDA increased by MXN297.7 million, or 15.9%. EBITDA margin (excluding the effects of IFRIC 12) decreased from 69.8% in 3Q17 to 69.3% in 3Q18.
  • Net income and comprehensive income decreased by MXN197.8 million, or 16.9%.

GAP is an operator of 13 airports, 12 of them in Mexico and one in Jamaica, where it has been the operator of the Sangster International Airport at Montego Bay since April 2015 since it acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L.Spanish concession operator Abertis Infraestructuras, S.A., which owns a majority stake of MBJ Airports Limited, a company operating that airport. More recently GAP won the bid “to operate, modernise and expand” the Norman Manley International Airport in Kingston, Jamaica,signing a 25-year concession with Jamaican authorities October 10, 2018.

Subscriber-only content. You must be signed in and have a subscription plan to view this information.

Not a member of airportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator profiles, industry insights, reports and much more.

What's Included

  • In-depth deal pipeline content
  • Feature articles and analysis
  • Detailed operator profiles
  • Industry insights, reports and much more

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus. Pellentesque quis sagittis diam. Fusce congue pulvinar interdum. Curabitur porta libero enim, ullamcorper condimentum diam accumsan quis. In tempor egestas risus, id congue nibh cursus in. Cras sollicitudin fermentum orci et eleifend.

Nam eget imperdiet risus, at luctus nulla. Nullam porttitor, est quis viverra fringilla, ipsum velit tincidunt massa, vel egestas lacus velit eget mauris. Proin finibus condimentum tellus, in commodo felis dapibus a. Curabitur luctus et sapien a dapibus. Mauris faucibus dapibus justo vitae varius. Proin quis mauris eros. Curabitur tincidunt feugiat dignissim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus.