Investor Presentaiton
Dear Shareholders,
2019 was a year filled with great achievements for GAP, despite the
challenges we faced. During the year, we reached a total of 48.7
million passengers, and we successfully concluded the three tariff
negotiations in Mexico, Montego Bay and Kingston. This translates
into an average tariff increase of roughly 15%.
Additionally, during October 2019, we took control of Kingston
airport's operations, which, with the new strategies and necessary
optimizations, will provide additional value to our shareholders.
Looking forward, we understand the risks we will face in 2020,
not only because of the health emergency, but also because of its
potential impacts on economic growth. As you know, COVID-19
has severely affected our industry. It has led to government-
imposed travel restrictions, flight cancellations, and a marked
decline in passenger demand for air travel, both domestically and
worldwide. As a result, we have identified various mechanisms, in
order to react swiftly and thus mitigate some of the unfavorable
results stemming from the economic slowdown and the reductions
in passenger traffic.
Message from
OUR CEOView entire presentation