Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) has launched its contingency plan amid the Covid-19 pandemic.
The measures were implemented due to the ongoing disruptions at airports domestically and internationally. The measures received the approval from the Board of Directors.
The company has planned to implement a service cost-control plan by reducing the energy, security services, cleaning and maintenance use according to passenger traffic.
This will help the airports operate at reduced levels without disrupting quality. With this measure, the areas that are not being used will be temporarily closed.
GAP has also announced plans to delay ‘non-obligatory capital investments’ and will postpone the investments that were planned for this year by getting permissions from proper authorities.
In addition, the company plans to delay the ‘proposal for shareholder distributions of dividends and equity reductions’.
These plans were added to the Ordinary and Extraordinary Shareholders’ Meeting agenda, which is set to take place on 28 April.
The company said that passenger traffic at 14 of the airports managed by GAP has decreased by 5% as a result of Covid-19.
GAP stated: “The company is facing an unprecedented and changing situation, which is why at this time we are unable to reasonably forecast the magnitude and duration that the effects of flight restrictions will have as a result of the pandemic.
“GAP is continuously analysing and implementing prevention and mitigation measures that are subject to changes as required by the circumstances. As such, we must remain flexible and maintain capacity that is adapting responsibly to global and local circumstances.
“We will continue to inform the investment market regarding future updates that are pertinent to our business and operations, as well as measures that we are required to adopt in order to the preserve liquidity and continuity of the business.”