GAP Gets Optimistic For Year End

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MEXICO CITY (Reuters) - Mexican airport operator GAP raised its estimate of growth in passenger traffic in 2012 to between 4% and 5% from the previous 3 to 4%, following strong results in the third quarter, said Friday executives of the firm.

Pacific Airport Group (GAP) reported a 26.5% rise in net profit for the third quarter and 6.8% in passenger traffic, driven by new routes and more frequent flights to both domestic and foreign airlines.

The group, which manages 12 airports, including the western city of Guadalajara and the resorts of Los Cabos and Puerto Vallarta, also rose to between 9.5% and 10.5% of its projected total revenue growth in 2012 from 6 % and 8.5% previously expected.

"EBITDA (EBITDA) expect an increase from 9% to 11.5% compared with 6% to 8.5% previously," said the head of institutional relations, Miguel Aliaga, in a conference call with analysts.

The group expects its EBITDA margin at year end is located between 65.3% and 66.3%, unchanged from the previous estimate of maintenance costs referred to in the latter part of the year.

GAP shares in the local stock market rose 0.46% to 61 pesos, while in New York were up 0.25% to 46.95 dollars

[readon1 url="http://www.cnnexpansion.com/negocios/2012/10/26/gap-eleva-su-estimado-de-pasajeros"]Source:www.cnnexpansion.com - Translation by Suyapa Ajuria[/readon1]