Market Overview

Grupo Aeroportuario del Pacífico Reports Passenger Traffic Increase of 12.7% in Its 12 Mexican Airports and a Decrease of 0.5% in Its Montego Bay Jamaica Airport for the Month of August

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GUADALAJARA, Mexico--(BUSINESS WIRE)--

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC) (BMV:GAP) ("the Company" or "GAP") announced today preliminary terminal passenger traffic figures for the month of August 2015 compared to traffic figures for August 2014.

During August 2015, total terminal passengers increased 12.7% in the 12 Mexico-based airports compared to the same period of the previous year; traffic through the Montego Bay airport declined 0.5% during the same period. Domestic passenger traffic presented a 13.9% increase in the Mexican airports, while international passenger traffic increased 10.3%. Montego Bay contributed 321 thousand passengers to GAP's network during the month of August.

Domestic Terminal Passengers (in thousands):

             
Airport Aug-14 Aug-15 % Var Jan-Aug 14 Jan-Aug 15 % Var
Guadalajara 515.1 573.7 11.4 % 3,859.9 4,254.1 10.2 %
Tijuana 381.9 448.9 17.5 % 2,997.7 3,106.6 3.6 %
Puerto Vallarta 101.2 127.4 25.9 % 634.5 771.2 21.5 %
Los Cabos 102.0 106.9 4.7 % 645.6 687.6 6.5 %
Guanajuato 66.2 88.7 34.0 % 466.1 601.9 29.1 %
Hermosillo 106.2 106.1 -0.1 % 840.7 821.6 -2.3 %
La Paz 57.2 61.4 7.5 % 440.5 433.4 -1.6 %
Aguascalientes 35.7 43.0 20.4 % 252.6 309.5 22.5 %
Mexicali 43.0 53.6 24.5 % 335.4 383.5 14.4 %
Morelia 21.4 20.5 -4.1 % 168.8 149.8 -11.2 %
Los Mochis 19.4 25.5 31.3 % 142.6 185.9 30.4 %
Manzanillo 11.6 7.8 -33.0 % 87.2 67.7 -22.3 %
Total     1,461.0   1,663.4   13.9 %   10,871.6   11,772.9   8.3 %
 

International Terminal Passengers (in thousands):

             
Airport Aug-14 Aug-15 % Var Jan-Aug 14 Jan-Aug 15 % Var
Guadalajara 284.2 331.6 16.7 % 1,976.1 2,199.8 11.3 %
Tijuana 3.1 5.2 69.2 % 20.9 29.5 41.7 %
Puerto Vallarta 116.1 132.2 13.8 % 1,543.2 1,768.0 14.6 %
Los Cabos 211.6 204.5 -3.3 % 1,977.8 1,824.9 -7.7 %
Guanajuato 47.8 57.1 19.5 % 323.8 374.9 15.8 %
Hermosillo 5.9 5.4 -9.3 % 55.2 46.7 -15.3 %
La Paz 0.7 0.6 -7.0 % 9.2 6.9 -25.4 %
Aguascalientes 14.1 17.1 21.9 % 95.4 110.1 15.4 %
Mexicali 0.2 0.3 32.9 % 2.2 2.9 32.5 %
Morelia 21.4 24.0 12.1 % 160.2 174.8 9.2 %
Los Mochis 0.5 0.4 -20.5 % 3.8 3.4 -10.9 %
Manzanillo 2.2 2.1 -6.4 % 63.8 74.5 16.8 %
Total     707.8   780.6   10.3 %   6,231.6   6,616.5   6.2 %
 

Total Terminal Passengers (in thousands):

             
Airport Aug-14 Aug-15 % Var Jan-Aug 14 Jan-Aug-15 % Var
Guadalajara 799.3 905.3 13.3 % 5,836.0 6,453.9 10.6 %
Tijuana 385.0 454.1 18.0 % 3,018.6 3,136.2 3.9 %
Puerto Vallarta 217.3 259.5 19.4 % 2,177.8 2,539.1 16.6 %
Los Cabos 313.6 311.4 -0.7 % 2,623.4 2,512.5 -4.2 %
Guanajuato 113.9 145.7 27.9 % 789.9 976.8 23.7 %
Hermosillo 112.2 111.5 -0.6 % 895.8 868.2 -3.1 %
La Paz 57.8 62.1 7.3 % 449.7 440.3 -2.1 %
Aguascalientes 49.8 60.2 20.8 % 348.0 419.6 20.6 %
Mexicali 43.3 53.9 24.6 % 337.6 386.4 14.5 %
Morelia 42.8 44.5 4.0 % 329.0 324.7 -1.3 %
Los Mochis 19.9 25.9 30.0 % 146.4 189.3 29.3 %
Manzanillo 13.8 9.9 -28.7 % 151.0 142.3 -5.8 %
Total     2,168.8   2,443.9   12.7 %   17,103.2   18,389.3   7.5 %
 

Montego Bay Airport (thousands)

    Aug-14   Aug-15   % Var   Jan-Aug 14   Jan-Aug 15   % Var
Total     323.2   321.6   -0.5 %   2,551.4   2,674.6   4.8 %

The following items are highlights from traffic results for the month of August:

  • Load Factor: During the month of August, GAP registered an 11.3% increase in the number of seats compared to last year. Load factor grew 1.0% to reach 81.6%. It is worth noting that both indicators contributed to making August the best month in the concession's history.
  • Aguascalientes and Guanajuato: Both airports continued registering double-digit growth rates; Aguascalientes grew 20.8% in August due to 5 thousand additional Aeromexico seats on its Mexico City route serving business travelers. Guanajuato passenger traffic rose 27.9% in August when compared to last year due to 15 thousand new Interjet seats from the recent opening of routes to Tijuana, Monterrey, Puerto Vallarta and Mexico City, and 10 thousand additional Volaris seats from their recent entry into the Los Angeles market.
  • Guadalajara: This airport registered a record accumulated level of passengers as of August 2015. The main driver of this growth is Volaris which, due to its international market expansion, added 91 thousand seats during the month of August; among Volaris' new destinations are Dallas Fort Worth, Houston, Guatemala, and New York-JFK, with the next opening being San Jose, Costa Rica.
  • Puerto Vallarta: The Vallarta-Nayarit destination continues posting historic levels of transported passenger volume. During the summer, the Company registered growth of 75 thousand domestic seats and 47 thousand international seats compared to the same period last year. This situation has consolidated this destination as one of the most important tourist destinations for residents of Central and Northern Mexico.
  • Los Cabos: During August 2015, this airport posted a variation of only 2,245 passengers versus August 2014, which indicates a favorable traffic recovery.
  • Tijuana: During the month of August, domestic traffic rose 17.5%, mainly due to a higher number of available seats from Volaris and Interjet. As a result, there was an accumulated recovery during the month of August, reaching 3.6% growth as expected.

Company Description:

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under the ticker symbol "GAP". In April 2015 GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake of MJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.

This press release may contain forward-looking statements. These statements 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 conditions, 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 Mercado de Valores", GAP has implemented a "whistleblower" program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is http://www.lineadedenuncia.com/gap. GAP's Audit Committee will be notified of all complaints for immediate investigation.

In Mexico

In the U.S.

Saúl Villarreal García, Chief Financial Officer

Paulina Sanchez Muniz, Investor Relations Officer

Maria Barona

Juan Carlos Gomez Stolk

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

i-advize Corporate Communications

Tel: 52 (33) 38801100

Tel: 212 406 3691/ 646 462 4517

gap@i-advize.com

svillarreal@aeropuertosgap.com.mx

psanchez@aeropuertosgap.com.mx

For more information please visit

www.aeropuertosgap.com.mx or contact:

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