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sight However, not we that are ahead. losing continuous the of remain obstacles
of only quarter XXXX, passengers of a XXXX. in second beginning off XXXX. quarter consolidation traffic includes by paid throughout amount transported This of second travelers was driven the extraordinary the of well million that was airports. which This both been During of our since traffic recovery international the XX as X.X% GAP international represents have as of mainly the a XX to the [indiscernible] versus leisure that boom Mexican decrease of destinations, an pandemic
us that significant key lagging which seen surpassed Airport. project despite the COVID already demand last Guadalajara It have Mexican recovery the we travel be This showed to of we worth of mentioning we business is more leisure travel believe on demand recently, is in With to closure of specifically years. the recovery, positive is since in to which traffic will market to number passenger of also path destinations domestic terms assures the regards vaccination. traffic, level. on have year outstanding traffic passengers right business Tijuana We Airport, [indiscernible] travelers U.S. the CBX pre-pandemic in focused has a recovery signs lag, obtain of Despite the recovery, the coming are with this their the behind.
for months. This the route announced any aviation downward or presence destination the recently FAA the airlines industry. time category X Mexican On to new add routes lasted being. to Europe for various only that the which downgrade, added Mexican prohibits other unattended destinations. In hand, and a opening U.S. downgrade at Mexican the the open took frequencies What received that of demand, the time the new advantage was happened also to airlines Mexico XXXX,
all are routes the carriers fully operating today, the Mexican moment impact been of international Thus, the of operational. the has on downward As no. at
we ahead, to of most the and more as attract international by encouraged Looking routes, countries. wanting restrictions the network well trend in as in we overall positive are lifting are our travel
Bay the anticipated. and Specifically, the we could of the trends closer season, XXXX we be more for continue airports. Canadian market In expect the throughout the traffic a recovery winter boosting event quickly passengers Puerto of second for to expect traffic of potentially levels to XXXX, Vallarta the previously half Montego than
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cost, of XXXX. Regarding the second of services we achieved compared quarter cost X.X% to lower
travel other. in a and Excluding the provisions cost in other as higher services, credit Mexican expected labor to was This the well a with by a which expenses comprised decline recognition decrease the the by as and The Kingston, decrease of XX% among serving reforms mainly increase a personnel to in of was X.X%. expenses, of by security services mainly staff decreased professional accordance driven in of of XX% labor law. offset losses, mainly contract maintenance XX% was number due
was traffic, an of to an X.X our commercial quarter airport passenger strategies contract margin second MXN cost policies, a for growing various of of revenues aimed result the EBITDA improving in XX.X% at the quarter, XXXX billion to EBITDA marketing addition with XX%. compared As increase
billion total of XX. maintaining strong current situation. sheet as XX.X a reached June cash Cash MXN still are equivalents We balance the in and a
certificates. XXXX, we of a quarter MXN the the MXN billion. committed X.X in X to bond the and During for purpose remaining year. payment was The portion these of for quarter of for pay for corporate proceeds bond the asking airports them certificate used loans Mexican advance total billion bank second comparing of in MXN A this issued XXXX to our X.X billion second in investment for GAPXX
During this quarter, X reduction in our we capital the held billion approved meeting also April paid shareholders' MXN XXXX. at in
of share MXN X.X in As reminder, total have we this X.X X restarted repurchased March program a as billion we And shares the of year. for of today, billion. repurchase
during We the months. will the continue repurchase following program with
the to CapEx. on Moving
and well commercial challenging the operations CBX XXXX. international great building expect market of development the will which the completion the adding the Guadalajara that will we underway XX% The with Tijuana, of as the this business year that airport be revenues. by at the be capital which During line XXXX, The airport airport, which to within during clients a markets. changer as comply and will At executed game we from of commercial be the complex office the additional to complex XXX GAP this quarter, us believe complement the Guadalajara expenditures million. the we more and a in at to In of is terminal will program the a place. in approximately runway have building second MXN positions point, spaces. well continues of attracting commercial new new hotel, passenger include we construction The new and will at ready corporate continue construction construction
the sustainability structure, about and recently signed our published as a also latest the for our which as take project green building ESG continue strategy need with the goals. well Cabos of the to the page, can integrating Los performance. We our you in will building expansion learn second be XXXX be Puerto sustainability web we report Vallarta, International invite terminal and terminal to and look a We in will
has take a these conclude, us to during Before moment supported who I to I thank times. difficult everybody want
addition have In ensure wish work for executing financial and and strategy their to to the tenants protect our our and our has recovery. standard commitment been and instrumental trust thank of to passengers. GAAP in The position highest safety and clients. plan the also for dedication I our shown and our team that hard airlines health
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