Grupo Mexico, a mining company, stated it will appeal against the government’s rejection of its bid to build an airport in the Riviera Maya tourist destination on Mexico’s Caribbean coast (Reuters/Travel Weekly, 01-Jun-2011). Grupo Mexico stated it felt “obliged” to fight the decision made by the Mexican Communications and Transport Ministry, arguing the reasons for rejection were not sound. Grupo Mexico formed one of the two bidding contorsia for the site with airport operators Grupo Aeroportuario del Pacifico (GAP). The ministry did not say if or when the bidding process for the USD255 million airport project could or would be relaunched.
Grupo Mexico to appeal against government’s rejection of resort airport bid
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Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines. In 2017 those profit levels may be eroded as oil prices creep back up, economies falter and political uncertainty abounds over matters such as ‘Brexit’ and the election of a new and unpredictable US president – along with the prospect of greater levels of protectionism and threats to open skies agreements. All of which, of course, must impact on airports.
Perhaps nothing sums up this political uncertainty more than the ‘decision’ made – at length – by the British government that London Heathrow Airport will be expanded by the addition of a single runway, and which is not a decision at all. It must be rubber stamped by MPs by Dec-2017 and there is no ‘certainty’ about that. On a potentially more positive note however, Donald Trump’s election as US President could generate new, much need investment in US airport infrastructure.
Optimism, uncertainty and cost pressures offer an unpredictable mix for 2017
A sense of optimism prevailed among North American airlines as 2016 draws to a close. It is driven by the beginning of stabilised pricing in the US domestic market and an improved outlook for Western Canada after a marked drop in oil prices triggered a collapse in demand.
After two years of recession triggered plummeting demand to Latin America, the largest North American airlines serving the market started reporting positive revenue trends at the end of 2016; but the outlook for trans-Atlantic and trans-Pacific markets remains far more subdued.
Uncertainty over the UK Brexit vote, heightened competition and overcapacity were weakening airline performance in the trans-Atlantic and excess supply was also creating pressure in trans-Pacific markets.
And, as profitability and labour pressures provoke significant wage growth, the groundwork is being laid for another cycle of cost increases.