Edson Margul

Edson Margul asked for more information on new routes from Los Cabos, particularly the direct connection to Panama, and the potential for further Central/South American connections. He also inquired about future initiatives for the cargo and bonded warehouse business, given its strong growth.

Answer

Raúl Revuelta, CEO of GAP, highlighted the Los Cabos-Panama route as a significant opportunity to access new Central and South American markets via the Panama hub. He noted Puerto Vallarta previously had Copa connections to Panama, which are now returning seasonally. Saúl Villarreal, CFO of GAP, clarified that the cargo and bonded warehouse business is unregulated by the Master Development Program and expressed interest in replicating this successful acquisition in other airports based on market demand.

Edson Margul asked for more information on the new routes from Los Cabos, particularly connections to Central and South America, and if other airlines might follow. He also inquired about the name of the airline operating Los Cabos to Panama. Additionally, he asked about future initiatives for the cargo and bonded warehouse business, given its strong growth, and its relation to the Master Development Program.

Answer

CEO Raúl Revuelta highlighted the Los Cabos-Panama route as a significant opportunity to access new markets in Central and South America, noting Puerto Vallarta's past connection with Copa. CFO Saúl Villarreal clarified that the cargo and bonded warehouse business is not regulated under the Master Development Program. He stated it was a successful acquisition and GAP is interested in replicating this business in other airports where market demand and opportunities exist.