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Airport traffic: GAP holds its ground as Asur, OMA dip (Mexico)
2011-03-11

Mexican airport operator GAP (NYSE: PAC, BMV: GAP) reported nearly flat passenger traffic for February, with just a 0.02% increase over the same month last year.

Domestic traffic was up 2.9%, with three of the firm's 12 airports handling fewer passengers than in February 2010, GAP said in a release.

International traffic was down 3.9% year-on-year. The largest volume of international travel was at Puerto Vallarta airport, which handled 241,000 passengers in the period, a 3.5% decrease compared with the previous year.

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Compatriot airport operator Asur (NYSE: ASR, BMV: ASUR) handled nearly 1.42mn passengers in February, down 1.5% from the prior-year period.

International traffic slid 2.3% year-on-year, with six of the firm's nine airports handling fewer passengers.

Domestic traffic increased by a modest 0.2%. Cancún airport led gains, with an 11.8% jump over February 2010, Asur said in a release.

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Finally, airport operator OMA (Nasdaq: OMAB, BMV: OMA) saw February passenger traffic at its 13 airports fall 2.8% year-over-year.

International traffic dropped by 11.6%, with 10 airports reporting losses. The most significant decreases were at Acapulco, Zihuatanejo and Zacatecas airports, which are still being affected by Mexicana airline's suspension of operations, OMA said in a release.

Domestic traffic rose 0.3% compared with the prior-year period. Five airports reported growth in traffic, including OMA's largest airport, Monterrey, which handled 4.7% more passengers than in February 2010.


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