GAP Great Atlantic & Pacific Tea Company (The) Common Stock

Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP, BMV: GAPB) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of December 2018, compared to traffic figures for December 2017.

During December 2018, total terminal passengers increased by 7.1% at the Company’s 13 airports, compared to the same period of the previous year. Domestic passenger traffic increased by 7.8%, while international passenger traffic increased by 6.4%.

Domestic Terminal Passengers (in thousands):

Airport	Dec-17		Dec-18		Change		Jan-Dec 17		Jan-Dec 18		Change
Guadalajara	844.5		900.0		6.6%		9,045.6		10,313.5		14.0%
Tijuana*	449.3		458.5		2.0%		5,135.9		5,501.8		7.1%
Los Cabos	134.8		145.7		8.1%		1,471.6		1,672.2		13.6%
Puerto Vallarta	121.3		132.4		9.1%		1,429.4		1,605.3		12.3%
Montego Bay	0.6		0.4		-31.8%		8.9		8.5		-4.8%
Guanajuato	127.8		175.5		37.3%		1,307.8		1,654.3		26.5%
Hermosillo	145.1		138.5		-4.5%		1,562.9		1,674.9		7.2%
Mexicali	89.7		106.1		18.3%		798.5		1,132.6		41.8%
La Paz	77.6		83.6		7.8%		837.6		914.9		9.2%
Aguascalientes	51.1		54.5		6.8%		577.6		676.8		17.2%
Morelia	35.6		44.4		24.7%		322.7		369.2		14.4%
Los Mochis	30.5		31.5		3.4%		342.2		338.5		-1.1%
Manzanillo	8.6		9.4		9.1%		101.1		97.2		-3.8%
Total	2,116.4		2,280.6		7.8%		22,941.7		25,959.8		13.2%

International Terminal Passengers (in thousands):

Airport	Dec-17		Dec-18		Change		Jan-Dec 17		Jan-Dec 18		Change
Guadalajara	368.3		390.9		6.2%		3,762.4		4,038.0		7.3%
Tijuana*	228.3		293.5		28.5%		1,967.4		2,333.3		18.6%
Los Cabos	319.1		333.4		4.5%		3,438.2		3,576.8		4.0%
Puerto Vallarta	353.1		351.7		-0.4%		3,093.2		3,161.7		2.2%
Montego Bay	417.8		438.5		4.9%		4,216.6		4,474.0		6.1%
Guanajuato	73.6		65.6		-10.9%		647.9		684.5		5.7%
Hermosillo	5.9		6.1		2.4%		64.9		68.8		6.0%
Mexicali	0.5		0.6		15.5%		5.5		5.9		7.0%
La Paz	0.7		0.9		27.5%		10.9		11.4		5.0%
Aguascalientes	17.0		17.8		4.7%		176.6		191.7		8.6%
Morelia	28.9		33.5		15.7%		296.1		360.4		21.7%
Los Mochis	0.6		0.5		-3.0%		6.4		6.3		-1.2%
Manzanillo	10.7		8.9		-17.0%		80.9		75.3		-6.9%
Total	1,824.4		1,941.7		6.4%		17,766.8		18,988.2		6.9%

Total Terminal Passengers (in thousands):

Airport	Dec-17		Dec-18		Change		Jan-Dec 17		Jan-Dec 18		Change
Guadalajara	1,212.7		1,290.9		6.4%		12,808.0		14,351.6		12.1%
Tijuana*	677.6		752.0		11.0%		7,103.2		7,835.1		10.3%
Los Cabos	453.9		479.1		5.6%		4,909.7		5,249.0		6.9%
Puerto Vallarta	474.4		484.0		2.0%		4,522.6		4,767.1		5.4%
Montego Bay	418.5		438.9		4.9%		4,225.5		4,482.5		6.1%
Guanajuato	201.4		241.1		19.7%		1,955.6		2,338.8		19.6%
Hermosillo	151.0		144.6		-4.3%		1,627.8		1,743.8		7.1%
Mexicali	90.2		106.7		18.3%		804.0		1,138.5		41.6%
La Paz	78.3		84.5		8.0%		848.5		926.3		9.2%
Aguascalientes	68.0		72.3		6.3%		754.1		868.5		15.2%
Morelia	64.5		77.9		20.7%		618.8		729.6		17.9%
Los Mochis	31.0		32.1		3.3%		348.5		344.8		-1.1%
Manzanillo	19.3		18.3		-5.4%		182.0		172.5		-5.2%
Total	3,940.8		4,222.3		7.1%		40,708.5		44,947.9		10.4%

     *Passengers in Tijuana who use CBX in both directions are classified as international.

CBX Users:

	Dec-17		Dec-18		%Var		Jan-Dec 17		Jan-Dec 18		%Var
Users CBX	220.2		288.6		31.1%		1,922.0		2,261.5		17.7%

Highlights for the Period:

• Seats and Load Factors:  In December 2018, GAP registered a 3.9% increase in the number of seats available compared to December 2017; while load factors for the month increased by 2.5 percentage points, from 79.5% in December 2017 to 82.0% in December 2018. 
• New Routes:   •   Guadalajara to Tapachula: Volaris   •   Puerto Vallarta to Panama City: Copa   •   Puerto Vallarta to Quebec: Sunwing   •   Los Cabos to Las Vegas: Frontier   •   Los Cabos to Ottawa: Sunwing   •   Tijuana to Chihuahua: Aeromexico   •   Tijuana to Ciudad Juarez: Aeromexico   •   Tijuana to Culiacan: Aeromexico   •   Montego Bay to Hamilton: Swoop   •   Montego Bay to Detroit: Spirit   •   Montego Bay to Sudbury: Sunwing

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 in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica.

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 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 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

IR Contacts: Saúl Villarreal, Chief Financial Officersvillarreal@aeropuertosgap.com.mx 

Alejandra Soto, IR & Financial Planningasoto@aeropuertosgap.com.mx 

Maria Barona, i-advize Corporate Communicationsmbarona@i-advize.com