Mexicos GAP flying high on LCCs

Premium Analysis

Grupo Aeroportuario del Sur (GAP), operator of 12 Mexican airports,

reported a 55.2% year-on-year increase in net profit in the three months ended

30-Jun-07. Total revenue rose 16.1%, while operating costs rose only 7.1%. As

a consequence, EBITDA rose 21.1% in the period.

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