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GAP Boosts 2012 Revenue Forecast

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Mexican airport operator GAP on Friday boosted its forecast for revenue growth in 2012 to between 9.5 percent and 10.5 percent from an earlier one of 6.0 to 8.5 percent.

Grupo Aeroportuario del Pacifico, which operates 12 airports across Mexico, also raised its forecast for 2012 passenger traffic growth to between 4 percent and 5 percent from a previous range of 3 to 4 percent.

"We expect an increase in (2012) earnings before interest, taxes, depreciation and amortization (EBITDA) of 9.0 to 11.5 percent versus a previous 6.0 to 8.5 percent estimate," said Miguel Aliaga, head of GAP's institutional relations.

GAP posted a 26.5 percent rise in third-quarter net profit late Thursday, driven by new routes and more flights from local and foreign airlines.

(Reuters)