Investor Presentaiton
One example is the implementation of a service cost-control plan, whereby
operational areas that are not in use have been closed temporarily. Another
example is the delayed non-obligatory capital investments; we will also request
the postponement of committed investments from the proper authorities,
among others.
We have taken steps and implemented policies to protect our employees,
businesses and communities that surround our operations from some of the
threats posed by the pandemic. To support the liquidity of our airline customers,
we also have granted them payment deferrals.
Additionally, GAP is implementing worldwide best practices, including the highest
level of safety and compliance, focusing on flows, social distancing measures and
diligent sanitization throughout all the facilities. New technology will also drive
the solutions that will offer our passengers the confidence to travel again. These
include, automating certain routine processes, via robots and technologies, in
order to minimize human interaction and maintain social distancing. Our aim is
to adopt these and any added sanitation practices that will offer airport users the
greatest sense of comfort and safety in all the airport areas.
At GAP, one of our priorities is to ensure the quality and experience of
passengers, guaranteeing excellence in our processes, services and facilities,
which generates a positive, continuous and unique experience for our users. The
extraordinary growth we have experienced in passenger traffic, drives us not only
to expand current infrastructure with new terminals and operating areas, but also
to implement cutting-edge technology, which will facilitate passenger mobility
and increase operating safety.
We are aware of the importance of the airline industry for this and any country.
In Mexico, the airline industry contributes around 3.5% of GDP, according to
the latest data published by IATA. One of the main challenges for strengthening
global air connectivity is the continuous improvement of sustainable, efficient
infrastructure, in accordance with the demand and modernization required
models. As such, by leveraging the new investments, we are confident that
we will achieve optimum standards of safety and quality, both domestically
and internationally. In order to maintain a positive growth rate, we must take
into account several important aspects, such as the environment, the use and
implementation of top technology, and above all, a well-defined long-term
vision. The new investment plan will give us the ability to maximize the use of
clean and less polluting energy, as well as carbon neutral and self-sustaining
terminal areas.
In 2019, we concluded a five-year operating cycle; the most successful in GAP's
history, achieving truly outstanding results. We integrated the Kingston Airport in
Jamaica into our company and strengthened airport marketing strategies that
helped with passenger traffic development and growth, as well as commercial
strategies to encourage consumption within our airports, which contributed to
overall shareholder value.
2020 initiates a new cycle, a new five-year period, and new challenges. It will
also undoubtedly represent a trying period that will put to the test our resilience
and the strength of our airport portfolio. We, at GAP, are confident that we will
emerge even stronger when the health crisis is over.
We are confident the best is yet to come!
Raúl Revuelta Musalem
Chief Executive Officer
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THE BEST IS YET TO COME
2019 ANNUAL REPORTView entire presentation