During GAP's Third Quarter 2023 Conference Call, CEO Raul Revuelta presented the company's financial results and discussed the potential impact of recent regulatory changes and the GTF engine situation on the company's operations. He highlighted a 10.8% increase in passenger export for the quarter and growth in both aeronautical and non-aeronautical revenues. Key takeaways from the call include:
- GAP exported 16.2 million passengers in the quarter, a 10.8% increase.
- Aeronautical revenues increased by 8.2%, while non-aeronautical revenue grew by 14%.
- EBITDA reached Ps. 4.3 billion with a margin of 67.5%.
- The GTF engine situation could potentially impact total passengers for GAP by -5% to -7%.
- The new tariff regulations and the MDP negotiation are not expected to result in any legal claims.
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