Market Overview

Grupo Aeroportuario del Pacífico Reports Passenger Traffic Increase of 20.4% in Its 12 Mexican Airports and a Decrease of 0.1% in Its Montego Bay, Jamaica Airport for the Month of November


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

During November 2015, total terminal passengers increased 20.4% in the 12 Mexico-based airports compared to the same period of the previous year; traffic through the Montego Bay airport decreased 0.1% during the same period. Domestic passenger traffic presented an 18.4% increase in the Mexican airports, while international passenger traffic increased 24.42%. Montego Bay contributed 280 thousand passengers to GAP's network of airports during the month of November, for an accumulated increase of 4.4% since January.

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

  • Load Factor: During the month of November, GAP registered an 18.8% increase in the number of seats compared to last year. Load factor grew 2.6% to reach 79.3%.
  • New Routes: Guadalajara to Oaxaca by TAR, Hermosillo to Phoenix by Volaris, Puerto Vallarta to Denver by Southwest, Los Cabos to Calgary by AirTransat, Tijuana to Mexico City by VivaAerobus and Montego Bay to Houston Hobby by Southwest.
  • Bajio Region: Aguascalientes continues to demonstrate significant growth in terms of connection HUBs in both Mexico and the United States. In November, Aeromexico broke the record in terms of passengers transported in the Aguascalientes to Mexico City route, with over 19 thousand passengers. Meanwhile, the Guanajuato airport continues to report solid growth both in the domestic and international markets, with 24.5% and 10.4%, respectively.
  • Guadalajara: During the January-November 2015 period, 15 new routes were opened in the airport; reflecting the confidence shown by airlines in the Guadalajara market. This year, the airport will reach a historic record in terms of passengers transported, as result of the 12.4 million seats offered by airlines throughout the year.
  • Puerto Vallarta:. The Vallarta to Nayarit destination reached an important consolidation in the North American market. For example, during November, 13 new destinations to Canada were added as well as 16 direct flights to U.S. airports. Finally, the destination has been able to take advantage of the growth potential in domestic tourism, with flights to Aguascalientes, Guanajuato, Durango and San Luis Potosi.
  • Los Cabos: According to the official figures of the Los Cabos Hotel Association, the number of rooms available has reached 15,000 thousand rooms throughout 56 properties. This offering has significantly contributed to the 59.2% growth during November. The trend is expected to continue over the coming months, with the opening of routes to Edmonton, Toronto and Toluca.
  • Tijuana: Tijuana continues to break passenger records, surpassing 120 thousand available seats. November marked a milestone in the history of passenger traffic, becoming the main port of entry from Mexico to Southern California. On the other hand, airlines seek to position themselves prior to the opening of the cross border bridge in December.
  • Montego Bay: As of November, growth reached at 4.4%, in line with estimates. During the upcoming winter season, the airport is expected open up to important markets, such as Asia and Australia, due to the new route to Los Angeles by American Airlines.

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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 GAP's Audit Committee will be notified of all complaints for immediate investigation.

In Mexico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Saúl Villarreal García, Chief Financial Officer
Paulina Sanchez Muniz, Investor Relations Officer
Tel: 52 (33) 38801100
In the U.S.
i-advize Corporate Communications
Maria Barona
Patricia Cruz

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