DOCSLIB.ORG

Presentación De Powerpoint

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Presentación De Powerpoint Investment Highlights Key value • Long-term concession investments in attractive drivers locations in Mexico Matters Strategic • Established regulatory framework Financial • Track record of consistent passenger growth Information • Balanced mix of international and domestic traffic Revenues Commercial Commercial • Successful, market leading commercial business strategy Operational Information • Strong cash flow profile and solid balance sheet • Robust corporate governance and board of directors Regulation with experienced management Overview Company Page 2 Page Company Operational Commercial Financial Strategic Regulation 3 Overview Information Revenues Information Matters Geographical Geographical presence 50 year airport concessions 1998 November from in attractive locations in Mexico Page Company Operational Commercial Financial Strategic Regulation 4 Overview Information Revenues Information Matters from various various from destinations flight times Illustrative Cancún: Close to major U.S. destinations majorCancún: to Close U.S. Page Company Operational Commercial Financial Strategic Regulation 5 Overview Information Revenues Information Matters Private airportsPrivate airport / groups listedonglobal stock exchanges ASUR and GAP are the only Latin American American Latin only the are GAP and ASUR Airport listed Groups on NYSE Page Company Operational Commercial Financial Strategic Regulation 6 Overview Information Revenues Information Matters FCHP & & FCHP ADO Ownership overview Page Company Operational Commercial Financial Strategic Regulation 7 Overview Information Revenues Information Matters Non Regulated Regulated + Revenues Dual Till Dual Till System Established setting precedents rate regulatoryof track framework with arecord Note: 2011 Revenues per PAX, expressed In expressed PAX, per Revenues 2011 nominal pesos as of Dec 2011; 2011; passenger traffic excludes transit and general aviation passengers aviation general and transit excludes traffic passenger Visibility of capital expenditure requirements through 2013 MDP investment commitments (expressed in June 2012 Million Pesos) 9,902M 1,318 1,209 1,109 invested 1,015 1,038 1,047 1,012 Matters Strategic 1999-2011 855 677 699 626 496 Financial 269 Information 170 242 2 2000 1 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Revenues Commercial Commercial • Visibility on capital expenditure requirements, as maximum rate negotiated along with Master Development Plan (MDP) is a function of programmed capex • Key projects completed: • Key future projects: Operational Information 1999: Government capex backlog Terminal building expansion in Huatulco, Mérida, 2005: 9/11 security standards Oaxaca, Veracruz and Villahermosa 2006-2007:Terminal 3 and second runway in Cancun Relocation of the General Aviation Apron in Cancun Regulation Passenger flow separation in Cancun Runway expansion in Huatulco Taxiway expansion in Veracruz 1 Committed investments from May 1999 to Dec 2000 Overview 2 Company 242 million pesos have been paid each year (anticipated) – Terminal 3 & Second Runway – Cancún Airport Note: Committed investments according to Master Development Plan, expressed in million pesos as of June 2012 based on the Mexican construction price index Page 8 in accordance with the terms of the Master Development Plan; ;2012 & 2013 Estimated ASUR’s airports are among the most frequented in Mexico Mexican Airports by PAX (thousand PAX) Matters Strategic Pax (‘000s) Var % Airport 2010 2011 11 vs. 10 1 Mexico City 24,131 26,369 9.3% 2 Cancún 12,439 13,023 4.7% 3 Guadalajara 6,954 7,202 3.6% Financial Information 4 Monterrey 5,380 5,583 3.8% 5 Tijuana 3,650 3,501 -4.1% 6 Los Cabos 2,746 2,807 2.2% 7 Puerto Vallarta 2,735 2,536 -7.3% Revenues 8 Toluca 2,271 1,689 -25.6% Commercial Commercial 9 Mérida 1,136 1,226 7.9% 10 Hermosillo 1,138 1,201 5.5% 11 Culiacán 1,060 1,071 1.0% 12 Veracruz 834 867 4.0% Operational Information 13 Guanajuato 854 854 0.0% 14 Villahermosa 729 851 16.8% 2011 Total PAX 15 Chihuahua 828 782 -5.6% Int PAX Dom PAX Total PAX 06-11 CAGR 16 Mazatlán 756 722 -4.4% 10,083 7,457 17,540 4.90% Regulation 17 Ciudad Juárez 634 673 6.2% 7,152 13,055 20,208 -0.30% 18 Acapulco 737 596 -19.1% 1,784 9,988 11,773 0.00% 19 Zihuatanejo 497 481 -3.2% All of Mexico 1 28,904 53,155 82,058 2.20% 20 Huatulco 386 460 19.2% Overview Company 1 According to the Communications and Transport Ministry’s website Page 9 Source: Company financials, AICM website: Note: Selected airport sample includes ASUR, GAP, OMA and OHL concessions and the Mexico City airport; PAX traffic excludes transit and general aviation PAX Revenue and passenger breakdown 2011 Revenue per PAX: Ps.220 Matters Strategic 2011 Revenues by by business airport Other 11.3% Ps.3,859M Non-aeronautical 35% Regulated Villahermosa Commercial 69% 3.6% Financial Information 31% Merida 5.8% Cancun 79.3% Revenues Commercial Commercial Aeronautical 65% 2011 PAX by type by airport Operational Information Other 13.8% 17.5M Veracruz Domestic 4.9% 43% Merida Cancun Regulation 7.0% 74.2% International 57% Overview Company Source: Company filings; Note: Non-aeronautical revenues are derived from leasing of space in airports to airlines, restaurants, retailers and other commercial tenants and access fees collected from third parties providing complementary services (such as catering, handling, and ground transport). Commercial revenues are all non-aeronautical and include revenues related to retail (duty free & duty paid), food & beverages, Page 10 advertising, banking & foreign exchange, car rental, car parking, ground transport, teleservices and others. Revenues from Construction Services are not included. PAX traffic excludes transit and general aviation. ASUR traffic evolution 1990 – 2011 Domestic International Cancun Airport 17.8 17.5 CAGR: 5.6% 16.7 16.2 10.1 10.1 Matters Strategic 15.5 9.8 9.1 14.6 13.9 8.8 13.8 13.4 13.3 13.0 8.6 12.6 12.4 12.2 8.0 8.1 11.4 11.3 11.2 11.2 11.0 Financial 10.6 7.1 Information 6.8 10.0 9.8 6.6 9.7 8.2 9.4 6.4 9.3 5.9 8.7 8.5 7.9 8.3 5.4 8.0 7.8 5.0 7.7 7.6 7.7 7.4 3.6 7.0 4.0 4.1 6.2 3.5 6.2 3.1 5.9 Revenues 5.6 Commercial Commercial 5.1 2.8 4.8 4.3 4.4 2.6 3.9 3.4 3.0 6.4 5.5 Operational Information 3.0 3.4 4.3 4.3 4.9 4.0 4.2 4.4 4.4 4.7 4.7 4.6 4.6 5.1 5.3 5.2 5.8 7.2 7.7 6.7 6.9 7.5 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 9M12 9M11 YOY Growth (%) 10.7 19.4 5.4 9.0 (5.9) 3.8 13.3 4.3 8.4 7.7 (1.8) (2.2) 10.9 14.0 (4.1) 3.4 17.8 9.3 (12.5) 7.6 4.9 9.3 Regulation CAGR ’90–’11 (INT’L): 6.7% Source: ASA from 1990-1998. ASUR management thereafter CAGR ’90–’11 (DOM): 4.4% Overview Company Note: Transit and general aviation excluded CAGR ’90–’11 (Cancun): 7.2% Page 11 ASUR has a balanced mix of domestic and international traffic Passenger traffic by Origin – Destination (million PAX) Matters Strategic Financial Information % Change % of total CAGR Avg. GDP Region 99 00 01 02 03 04 05 06 07 08 09 10 11 11 vs. 10 2011 1 99-11 99-10 Mexico 5.0 5.0 4.9 4.8 5.3 5.6 5.5 5.9 7.4 8.1 7.0 7.2 7.7 6.2 43.9 3.6 2.4 Revenues (0.1) 35.3 3.5 2.1 Commercial Commercial USA 4.1 4.6 4.5 4.4 4.9 5.9 5.6 5.3 6.0 6.5 5.9 6.2 6.2 Europe 0.7 0.9 0.9 0.8 1.0 1.3 1.2 1.3 1.4 1.5 1.0 1.2 1.3 10.2 7.6 5.7 1.8 Canada 0.3 0.4 0.5 0.6 0.7 0.8 0.8 0.8 1.0 1.3 1.3 1.5 1.7 10.9 9.8 15.8 2.5 Operational Information Latin America 0.5 0.5 0.5 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.3 0.5 0.6 17.5 3.5 1.4 3.0 Asia & Others 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.1 ASUR 10.6 11.4 11.3 10.9 12.2 13.9 13.4 13.6 16.1 17.8 15.5 16.7 17.5 4.9 100 4.3 3.7 Regulation 1 Note: % of total refers to 2011 figure Note: Excludes transit and general aviation; Source for real GDP growth estimates: International Monetary Fund – average annual real GDP growth from 1999-2010 Overview Company Page 12 Historically, traffic has recovered and grown after exogenous events 20 May '09: AH1N1 Sep. '08: Financial Crisis Passenger 18 18.8M traffic Oct. '05: Hurricane Wilma Matters 16 Strategic during last Jul. '05: Hurricane Emily 14 12-months Sep. '01: 9/11 at each 12 Financial Information specific date 10 10.4M (million PAX) 8 8.4M Revenues Commercial Commercial 6 4 2 Operational Information Note: Note: aviation Excludes general and transit passengers 0 jul-03 jul-08 dic-03 dic-08 oct-04 oct-09 jun-01 jun-06 jun-11 feb-03 feb-08 abr-02 abr-07 abr-12 sep-02 sep-12 sep-07 ene-01 ene-06 ene-11 nov-01 nov-06 nov-11 ago-00 ago-05 ago-10 mar-00 mar-05 mar-10 may-04 may-09 Regulation Domestic International Total EVENT RECOVERY AFTER Type of PAX Historical Max.
Load more

Recommended publications
  • Presentación De Powerpoint
    Investment Highlights Key value • Long-term concession investments in attractive locations drivers in Mexico Matters Strategic • Established regulatory framework Financial • Track record of consistent passenger growth Information • Balanced mix of international and domestic traffic Revenues Commercial Commercial • Successful, market leading commercial business strategy • Strong cash flow profile and solid balance sheet Operational Information • Robust corporate governance and board of directors with experienced management Regulation Overview Company Page 2 Page Page Company Operational Commercial Financial Strategic Regulation 3 Overview Information Revenues Information Matters Geographical presence Airport operations in attractive locations in Mexico and the Caribbean and the Mexico in locations attractive in operations Airport Page Page Company Operational Commercial Financial Strategic Regulation 4 Overview Information Revenues Information Matters from various various from destinations flight times Illustrative Illustrative Cancún: Close to major U.S. destinations U.S. major to Close Cancún: Page Page Company Operational Commercial Financial Strategic Regulation 5 Overview Information Revenues Information Matters Private airports / airport groups listed airports onexchanges global/ listed airport stock groups Private ASUR and GAP are the only Latin American American Latin only the are GAP and ASUR Airport Groups listed on NYSE on listed Groups Airport Page Page Company Operational Commercial Financial Strategic Regulation 6 Overview
    [Show full text]
  • Permiso-Empresas 2007
    CONCESIONES, PERMISOS O AUTORIZACIONES OTORGADOS POR LA SECRETARIA DE COMUNICACIONES Y TRANSPORTES Identificador de la Tipo Unidad Administrativa Nombre de la persona física, denominación o Objeto de la concesión, autorización Vigencia de la Procedimiento para su concesión, concesionaria, autorizada o razón social de la persona moral o permiso concesión, otorgamiento autorización o permiso permisionaria concesionaria, autorizada o permisionaria autorización o permiso 35710 PERMISO DIRECCIÓN GENERAL DE ABSA - AEROLINHAS BRASILEIRAS S.A. FLETAMENTO INTERNACIONAL INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL DE CARGA 28161 PERMISO DIRECCIÓN GENERAL DE ABX AIR INC./AIRBORNE EXPRESS INC. FLETAMENTO INTERNACIONAL INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL DE CARGA 24579 PERMISO DIRECCIÓN GENERAL DE ADMINISTRACIÓN AÉREA INTEGRAL S.A. FLETAMENTO NACIONAL DE INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL CARGA 24578 PERMISO DIRECCIÓN GENERAL DE ADMINISTRACIÓN AÉREA INTEGRAL S.A. FLETAMENTO NACIONAL DE INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL PASAJEROS 31979 PERMISO DIRECCIÓN GENERAL DE AERIS S.A. FLETAMENTO INTERNACIONAL INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL DE PASAJEROS 9858 PERMISO DIRECCIÓN GENERAL DE AERO CUAHONTE, S.A. DE C.V. FLETAMENTO NACIONAL DE INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL PASAJEROS 16572 PERMISO DIRECCIÓN GENERAL DE AERO JBR S.A. DE C.V. FLETAMENTO NACIONAL DE INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL CARGA 18088 PERMISO DIRECCIÓN GENERAL DE AERO JBR S.A. DE C.V. FLETAMENTO INTERNACIONAL INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL DE CARGA 26738 PERMISO DIRECCIÓN GENERAL DE AEROCARIBBEAN FLETAMENTO INTERNACIONAL INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL DE CARGA 26739 PERMISO DIRECCIÓN GENERAL DE AEROCARIBBEAN FLETAMENTO INTERNACIONAL INDEFINIDO A SOLICITUD DE PARTE AERONÁUTICA CIVIL DE PASAJEROS 32144 PERMISO DIRECCIÓN GENERAL DE AERODAN S.A.
    [Show full text]
  • Parque Aeronáutico Nacional
    ASIENTOS OFRECIDOS DE LAS LINEAS AEREAS NACIONALES EMPRESAS 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 TRONCALES 13,173 15,462 20,019 23,805 23,807 23,759 19,705 19,212 20,853 22,694 23,530 22,717 23,889 24,946 26,107 27,100 28,224 31,000 32,889 30,187 5 ABC Aerolíneas (Interjet) 450 1,050 1,650 2,550 6 Aerocalifornia/a 340 765 850 850 850 913 1,337 1,443 1,655 1,655 1,655 2,079 2,079 2,079 2,079 2,233 3,268 3,383 2,530 2,530 8 Aeroenlaces Nacionales (Viva Aerobus) 296 740 1,036 9 Aerolíneas Mesoamericanas (Alma)/b 400 900 750 2 Aerovías de México (Aeromexico) 4,877 5,696 6,786 7,941 8,433 8,025 6,910 7,083 7,775 8,561 8,932 9,377 9,210 9,088 9,251 9,986 10,027 10,749 10,383 7,705 3 Aviacsa 200 300 432 432 668 1,492 1,384 1,558 1,645 1,775 2,573 2,693 3,653 4,373 4,373 4,373 3,338 3,174 3,054 7 Avolar/c 120 1,040 1,493 1,040 Líneas Aéreas Azteca 544 821 821 1,073 1,073 1,073 1,073 1 Mexicana de Aviación 7,956 8,801 10,001 10,492 8,894 8,103 6,699 6,384 7,620 7,714 8,262 8,688 9,363 9,305 9,583 9,435 8,913 8,831 8,960 8,960 Saro 464 564 1,284 1,260 Taesa 1,618 3,526 3,914 4,790 3,267 2,918 2,245 3,119 2,906 4 Vuela (Volaris) 840 1,986 2,562 REGIONALES 1,037 1,261 2,413 2,210 2,655 4,610 3,844 3,846 3,944 4,153 4,446 4,999 6,121 4,737 4,873 3,373 4,462 4,728 5,058 6,041 Aero Cuahonte 47 47 47 47 47 47 47 28 Aerocozumel 122 122 122 122 114 114 74 72 72 72 72 72 72 72 72 Aeroejecutivo 1,798 1,142 1,142 1,145 1,473 1,473 1,473 1,473 Aerolíneas Internacionales 391 386 476 476 476 686
    [Show full text]
  • Airliner Census Western-Built Jet and Turboprop Airliners
    World airliner census Western-built jet and turboprop airliners AEROSPATIALE (NORD) 262 7 Lufthansa (600R) 2 Biman Bangladesh Airlines (300) 4 Tarom (300) 2 Africa 3 MNG Airlines (B4) 2 China Eastern Airlines (200) 3 Turkish Airlines (THY) (200) 1 Equatorial Int’l Airlines (A) 1 MNG Airlines (B4 Freighter) 5 Emirates (300) 1 Turkish Airlines (THY) (300) 5 Int’l Trans Air Business (A) 1 MNG Airlines (F4) 3 Emirates (300F) 3 Turkish Airlines (THY) (300F) 1 Trans Service Airlift (B) 1 Monarch Airlines (600R) 4 Iran Air (200) 6 Uzbekistan Airways (300) 3 North/South America 4 Olympic Airlines (600R) 1 Iran Air (300) 2 White (300) 1 Aerolineas Sosa (A) 3 Onur Air (600R) 6 Iraqi Airways (300) (5) North/South America 81 RACSA (A) 1 Onur Air (B2) 1 Jordan Aviation (200) 1 Aerolineas Argentinas (300) 2 AEROSPATIALE (SUD) CARAVELLE 2 Onur Air (B4) 5 Jordan Aviation (300) 1 Air Transat (300) 11 Europe 2 Pan Air (B4 Freighter) 2 Kuwait Airways (300) 4 FedEx Express (200F) 49 WaltAir (10B) 1 Saga Airlines (B2) 1 Mahan Air (300) 2 FedEx Express (300) 7 WaltAir (11R) 1 TNT Airways (B4 Freighter) 4 Miat Mongolian Airlines (300) 1 FedEx Express (300F) 12 AIRBUS A300 408 (8) North/South America 166 (7) Pakistan Int’l Airlines (300) 12 AIRBUS A318-100 30 (48) Africa 14 Aero Union (B4 Freighter) 4 Royal Jordanian (300) 4 Europe 13 (9) Egyptair (600R) 1 American Airlines (600R) 34 Royal Jordanian (300F) 2 Air France 13 (5) Egyptair (600R Freighter) 1 ASTAR Air Cargo (B4 Freighter) 6 Yemenia (300) 4 Tarom (4) Egyptair (B4 Freighter) 2 Express.net Airlines
    [Show full text]
  • Análisis Y Estrategia Bursátil Méxicox`
    Análisis y Estrategia Bursátil MéxicoX` VOLAR Inicio de cobertura 8 de septiembre de 2016 www.banorte.com Alas para tu portafolio www.ixe.com.mx @analisis_fundam . Volaris es una aerolínea de ultra-bajo costo (ULCC) que tiene la concesión para prestar el servicio público de transporte aéreo de pasajeros, carga y de correo en México y en el extranjero José Espitia Aeropuertos/Cemento/ Fibras/Infraestructura [email protected] . El sector aéreo cuenta con un panorama favorable y la perspectiva de crecimiento para Volaris es alentadora con base en una mayor flota COMPRA de aviones, un incremento en pasajeros y su enfoque de bajos costos Precio Actual $33.63 PO 2017 $40.00 . Iniciamos cobertura de Volaris con una recomendación de Compra y Dividendo 0.00 Dividendo (%) 0.0% un PO 2017E de P$40. Estimamos un alza de 37.3% en EBITDAR Rendimiento Potencial 18.9% para 2016 (margen 38.8%) y de 12.4% para 2017 (margen 37.7%) Precio ADS US$18.27 PO2016 ADS US$20.20 Acciones por ADS 10 Volaris tiene un potencial interesante de crecimiento a través de la Máx – Mín 12m (P$) 38.4 – 23.3 expansión disciplinada en su flota, una perspectiva favorable del sector Valor de Mercado (US$m) 1,851.5 Acciones circulación (m) 1,011.9 aéreo que impulsará el tráfico de pasajeros y su modelo de negocios Flotante 56% enfocado en bajos costos. Lo anterior, aunado a la disciplina en la selección Operatividad Diaria (P$ m) 95.1 Múltiplos 12m de mercados y rutas, mayor generación de ingresos adicionales, una flota FV/EBITDAR 7.4x eficiente y uniforme de aeronaves y una alta utilización de activos; llevará a P/U 10.2x que el crecimiento continué con una buena rentabilidad.
    [Show full text]
  • Aviación Mexicana En Cifras 1992-2013
    AVIACIÓN MEXICANA EN CIFRAS 1992-2013 SUBSECRETARÍA DE TRANSPORTE DIRECCIÓN GENERAL DE AERONÁUTICA CIVIL 1 AVIACIÓN MEXICANA EN CIFRAS, MÉXICO 1991- 2013 El transporte aéreo de pasajeros tanto de empresas nacionales como extranjeras creció entre 1991 y 2013 en 156% a un ritmo de 4.3% medio anual, para alcanzar la cifra de 61.49 millones contra 24.02 millones en el primer año. Las empresas nacionales lograron un incremento de 111.32% al pasar de 17.66 a 37.32 millones de pasajeros en ese lapso. Por otra parte, las empresas extranjeras con operaciones hacia/desde el territorio nacional crecieron el 275.63% ya que en 2013 movilizaron un total de 23.89 millones de pasajeros comparado con los 6.36 millones de 1991. El mercado de carga presenta una dinámica de crecimiento importante, con un incremento en los volúmenes manejados de 241.47%, al comparar las 180.69 mil toneladas transportadas en 1991 con las 617.01 mil toneladas registradas en 2013, en este último año las empresas nacionales participaron con el 43% y las extranjeras con el 57%, reportando volúmenes de 266.30 y 350.72 mil toneladas respectivamente. Las aerolíneas mexicanas han venido incrementando su flota aérea a una tasa media anual de crecimiento de 2.4% de 1991 a 2013, esto en respuesta a los incrementos registrados en sus niveles de operación y de atención a destinos tanto domésticos como internacionales, incorporando aeronaves de nueva tecnología. La flota en el período comprendido paso de 188 aeronaves en 1991 a 318 en 2013. Dirección General de Aeronáutica Civil Subsecretaría de Transporte2 Secretaría de Comunicaciones y Transportes C O N T E N I D O CAPÍTULO I TOTALES GENERALES 1991-2012 Página.
    [Show full text]
  • Presentación De Powerpoint
    Safe Harbor Statement Matters Strategic Some of the statements contained in this presentation discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press Financial Information release and in ASUR’s filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is Revenues based on various factors and was derived using numerous Commercial Commercial assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise Information Operational them, whether as a result of new information, future or otherwise. Regulation Overview Company Company Page 2 Management Team Long Serving Fernando Chico Pardo Adolfo Castro Rivas Experienced Chairman of the Board of Directors Chief Executive and Financial Officer Matters Strategic Head of Investor Relations Management with company since 2005 with company since 2000 Claudio Góngora Morales Alejandro Pantoja López Financial Information General Counsel Chief Infrastructure Officer with company since 1999 with company since 2001 Revenues Commercial Commercial Agustín Arellano Rodríguez Manuel Gutiérrez Sola Director of International Projects Chief Commercial Officer Operational Information with company since 2010 with company since 2000 Carlos Trueba Coll Héctor Navarrete Muñoz Regulation General Director of Cancún Airport
    [Show full text]
  • FORM 20-F Controladora Vuela Compañía De Aviación, S.A.B. De C.V
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report . For the transition period from to Commission file number 001-36059 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (Exact name of Registrant as specified in its charter) Volaris Aviation Holding Company (Translation of Registrant’s name into English) United Mexican States (Jurisdiction of incorporation or organization) Av. Antonio Dovalí Jaime No. 70, 13 Floor, Tower B Colonia Zedec Santa Fe United Mexican States, Mexico City, 01210 (Address of principal executive offices) Maria Elena Rodriguez Asain ([email protected]) +52-55-5261-6400 Av. Antonio Dovalí Jaime No. 70, 13 Floor, Tower B, Colonia Zedec Santa Fe United Mexican States, Mexico City, 01210 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Name of each exchange on which registered American Depositary Shares New York Stock Exchange Ordinary Participation Certificates (Certificados de Participación Ordinarios) New York Stock Exchange Series A shares of common stock, no par value Mexican Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act.
    [Show full text]
  • Transportation Initiating Coverage July 2016
    Transportation Initiating Coverage July 2016 Price Upside/ We are reinitiating coverage on our LatAm Transportation Company Rating Target Downside sample, favoring the airline industry in the region over the Market Mexican airports as the latter currently trade at stretched ASUR P$265.3 -6.4% Underperformer valuations despite their attractive business models and solid Market growth outlook, while the airline sector offers interesting entry GAP P$165.4 -13.2% Underperformer points, taking advantage of pressured valuations. Market OMA P$108.8 +1.0% Performer Here is a quick summary about our thesis by company: Market AEROMEX P$44.6 +21.7% Outperformer ASUR. Despite our positive view about Cancun’ s growth potential as Market a tourist destination, we believe that current valuations are COPA US$64.0 +15.8% Outperformer assuming recent year’ s exceptional growth rates for perpetuity. We Market believe traffic’ s upward trend should begin to normalize this year, GOL R$3.5 +5.4% Performer when tougher comps start to weigh in, while in the long run, traffic Market should revert to the mean. LATAM US$7.2 +7.5% Performer GAP. All the benefits from being the most diversified operator in terms of geography, along with strong traffic growth and solid commercial initiatives are more than reflected at current prices. In addition, lower EBITDA margins from Jamaica would taint the improvements achieved in Mexico. OMA. After the recent rally witnessed in OMA’ s stock, it seems that all the expected profitability improvements—derived from more efficient terminals, along with improved operating leverage—are already reflected at current prices.
    [Show full text]
  • Aviación Mexicana En Cifras 1989-2012
    1 AVIACIÓN MEXICANA EN CIFRAS 1989-2012 SUBSECRETARÍA DE TRANSPORTE DIRECCIÓN GENERAL DE AERONÁUTICA CIVIL 2 2012 fue un gran año para la aviación en México, se alcanzó un máximo histórico de 56.8 millones de pasajeros transportados, registrando altas tasas de crecimiento. Durante 2012 se operaron en servicio regular 618 rutas origen - destino, 355 internacionales y 263 nacionales, 36 más que en 2011, sin duda se logró una mayor conectividad. El total de pasajeros transportados en servicio regular y de fletamento doméstico e internacional creció en un 8.3% en 2012 (56.8 millones de pasajeros) con respecto a 2011 (52.4 millones de pasajeros). Por su parte, la carga registró un volumen de 605.4 mil toneladas transportadas, lo que significó una disminución de 7.0% comparado a lo reportado durante 2011 (651.2 mil toneladas). El servicio regular en 2012 refleja un mayor tráfico de pasajeros transportados respecto a 2011, con un 8.6% de crecimiento, al transportar 55.2 y 50.8 millones de pasajeros respectivamente. El servicio doméstico creció 10.3% al transportar 2.63 millones de pasajeros más que en 2011 y el servicio internacional presentó las mismas condiciones en un crecimiento del 7.0% al transportar 1.76 millones de pasajeros más que en 2011. Dirección General de Aeronáutica Civil Subsecretaría de Transporte Secretaría de Comunicaciones y Transportes 3 C O N T E N I D O CAPÍTULO I TOTALES GENERALES 1991-2012 Página. Total de pasajeros transportados en servicio doméstico e internacional en operación regular y de 9 fletamento. Total de pasajeros transportados por empresas nacionales en servicio doméstico e internacional en 10 operación regular y de fletamento.
    [Show full text]
  • AFRAA Annual Report 2017
    IRLINES ASS A PAGNIES AE O COM RIE C N ES NN I A D ES A N A T C IO F I T R I I O R IA C C A F I N O N S E S A S A AFRAA 2017 Making travel more personal and better connected At Amadeus, we see a better future for travel. More personalised, tailor-made experiences unique to billions of travellers’ preferences. Wherever they are in the world, our solutions are keeping African travellers safe and connected by overcoming the difficulties of travel disruption. Here’s to the next 30 years of better journeys. Learn more at amadeus.com/airlines LINES A IR SSO A MPAGNIES AER CO IEN C N ES N I A D ES A N A T C IO F I T R I I O R IA C C A I N F O N S E S A S A AFRICAN AIRLINES ASSOCIATION ASSOCIATION DES COMPAGNIES AÉRIENNES AFRICAINES AFRAA AFRAA EXECUTIVE COMMITTEE (EXC) MEMBERS 2017 RWANDAIR (WB) KENYA AIRWAYS (KQ) PRESIDENT OF AFRAA CHAIRMAN OF THE EXECUTIVE COMMITTEE Col. Chance Ndagano Mr. Sebastian Mikosz Ag. Chief Executive Officer Group Managing Director & Chief Executive Officer RwandAir Kenya Airways AIR BURKINA (2J) EGYPTAIR (MS) ETHIOPIAN AIRLINES (ET) Captain Blaise Sanou Mr. Safwat Musallam Mr. Tewolde GebreMariam 1st Vice Chairman of the EXC 2nd Vice Chairman of the EXC Chief Executive Officer Chief Executive Officer Chairman and Chief Executive Officer Ethiopian Airlines Air Burkina EgyptAir Holding Co. SOUTH AFRICAN AIRWAYS (SA) ROYAL AIR MAROC GROUP (AT) TUNISAIR (TU) Mr.
    [Show full text]
  • Iata Three Digits Awb Airline Prefix and Two Letters Codes for All Major Airlines
    SEPTEMBER 18, 2019 IATA THREE DIGITS AWB AIRLINE PREFIX AND TWO LETTERS CODES FOR ALL MAJOR AIRLINES The most comprehensive list of IATA Air Waybill Prefix and two letters code for virtually all operational airlines. Airline Name IATA AWB Prefix Country Etihad Airways Crystal Cargo EY 607 Abu Dhabi Ariana Afghan Airlines FG 255 Afghanistan Ada Air ZY 121 Albania Albanian Airlines LV 639 Albania Air Algerie AH 124 Algeria Tassili Airlines SF 515 Algeria TAAG Angola Airlines DT 118 Angola LIAT (1974) LI 140 Antigua & Barbuda Air Plus Argentina U3 017 Argentina Lineas Aereas Del Estado 5U 022 Argentina Aerolineas Argentinas AR 044 Argentina LAPA Lineas Aereas Privadas Argentinas MJ 069 Argentina Austral Lineas Aereas AU 143 Argentina Southern Winds A4 242 Argentina STAF Airlines FS 278 Argentina Dinar Lineas Aereas D7 429 Argentina LAN Argentina 4M 469 Argentina American Falcon WK 676 Argentina Armavia U8 669 Armenia Airline Name IATA AWB Prefix Country Armenian International Airways MV 904 Armenia Air Armenia QN 907 Armenia Armenian Airlines R3 956 Armenia Jetstar JQ 041 Australia Flight West Airlines YC 060 Australia Qantas Freight QF 081 Australia Impulse Airlines VQ 253 Australia Macair Airlines CC 374 Australia Australian Air Express XM 524 Australia Skywest Airlines XR 674 Australia Kendell Airlines KD 678 Australia East West Airlines EW 804 Australia Regional Express ZL 899 Australia Airnorth Regional TL 935 Australia Lauda Air NG 231 Austria Austrian Cargo OS 257 Austria Eurosky Airlines JO 473 Austria Air Alps A6 527 Austria Eagle
    [Show full text]