Background for Decision
On
On
New Reporting Dates
In light of the above, the Company expects to file both the Annual Report and the 20-F Report on or prior to
Disruptions and Risk Factors
COVID-19 has caused severe disruptions in travel and transportation, as well as limited access to the Company’s facilities, resulting in limited support from its staff. This has, in turn, delayed the Company’s ability to complete the 2019 Annual Report and the 20-F Report.
As a result, the Company expects to include risk factors in its 2019 Annual Report as well as its 20-F Report, that include but are not limited to the following (please note that these will be updated as necessary):
- In
December 2019 , a novel strain of coronavirus (COVID-19) was reported to have surfaced inWuhan ,Hubei Province ,China . InJanuary 2020 , this coronavirus spread to other countries, includingthe United States andMexico , and efforts to contain the spread of this coronavirus intensified. OnMarch 11, 2020 , theWorld Health Organization (WHO) declared the COVID-19 outbreak a pandemic. This pandemic is negatively affecting global economic conditions, including materially reducing demand for, and availability of, worldwide air travel and therefore may have a material adverse effect on GAP and its operating results. The Company is currently in the process of analyzing the impacts related to COVID-19 on the financial results to determine if the effects could rise substantial doubts about the Company ability to continue as a going concern.
- The spread of the virus and travel warnings and restrictions have adversely impacted the frequency and pattern of domestic and international passenger traffic, which has adversely affected GAP’s, financial conditions and results of operations.
- The extent to which COVID-19 could adversely impact GAP’s results going forward will depend on future developments that are highly uncertain and difficult to predict, including new information which may emerge concerning the severity of COVID-19, the actions taken by the various governments and local authorities to contain the coronavirus or treat its impact and other developments. As a result, this may impact public perception of the virus and the efforts to contain it, among others.
- As a result of these or other conditions beyond GAP’s control, our results of operations could be volatile and subject to rapid and unexpected change.
Company Description
Grupo Aeroportuario del Pacífico,
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del
IR Contacts: | |
svillarreal@aeropuertosgap.com.mx | |
asoto@aeropuertosgap.com.mx | |
gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294 | |
mbarona@i-advize.com |
Source: Grupo Aeroportuario del Pacífico,
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