Mexico-based Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC) (BMV: GAP) has announced that it has received approvals for its Master Development Programs and Passenger Tariffs for its Mexico and Jamaica airports, the company said.
The approvals were granted by the Ministry of Communications and Transportation (Secretaría de Comunicaciones y Transportes) in Mexico, as well as the Jamaica Civil Aviation Authority (JCAA), respectively, for the 2020-2024 period.
In Mexico, the maximum tariffs per work load unit for each airport were determined by the Federal Civil Aviation Agency (Agencia Federal de Aviación Civil), based on projections for traffic, operating costs and capital investments included in the Master Development Program, in accordance with the parameters established in the concession agreements.
The tariffs were adjusted by an annual efficiency factor of 0.7% and will be updated per the National Producer Price Index (NPPI), excluding petroleum.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico´s Pacific region.