Mexico's GAP Q4 Net Rises 34 Percent

February 24, 2011

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Mexican airport operator GAP posted a 34 percent increase in quarterly profit on Wednesday due to higher ticket prices and increased use of its terminals.

Grupo Aeroportuario del Pacifico said in a stock market filing it earned MXP445 million pesos (USD$36 million) from October to December compared with MXP331 million in the year-ago period.

The company said fourth-quarter revenue rose 35 percent to MXP1.123 billion.

GAP said passenger traffic in its 12 terminals, including those of beach resorts in Los Cabos and Puerta Vallarta, rose 2.4 percent.