REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

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Guadalajara, Jalisco, Mexico, July 26, 2018 – Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reported its consolidated results for the quarter ended June 30, 2018. Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

During 2Q18, total terminal passengers in the Company’s 13 airports increased by 1,082.3 thousand passengers, or 10.8%, compared to 2Q17. Over the same period, domestic passenger traffic increased by 828.3 thousand passengers, while international passenger traffic increased by 254.1 thousand passengers.

In the traffic tables below, we have reflected the users of the Cross Border Xpress (CBX) under the international passenger numbers for the Tijuana airport as well as for the Company’s accumulated results.

Note: The frequencies and available seats on these routes are subject to change without notice.

Consolidated Results for the Second Quarter of 2018 (in thousands of pesos):

- Net income and comprehensive income per share are calculated on the basis of 561,000,000 outstanding shares. U.S. dollar figures presented were converted from pesos to U.S. dollars at a rate of Ps. 19.6495 per U.S. dollar (the noon buying rate on June 29, 2018, as published by the U.S. Federal Reserve Board).

- For purposes of the consolidation of the Montego Bay airport, the average monthly exchange rate of Ps. 19.3715 per U.S. dollar for the three months ended June 30, 2018 was used.

Revenues from improvements to concession assets (IFRIC 12) decreased by Ps. 30.8 million, or 8.8%, compared to 2Q17, mainly due to a 33.2% decline in the committed investment under the Master Development Program for the Mexican airports for 2018, resulting in a decrease of Ps. 116.1 million in 2Q18. This effect was offset by an increase in improvements to concession assets at the Montego Bay airport for Ps. 85.4 million compared to 2Q17.

Total operating costs during 2Q18 increased by Ps. 198.1 million, or 13.3% compared to 2Q17, mainly due the service costs comprised of the following:

[1] Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12), but this recognition does not have a cash impact or an impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed in accordance with the Company’s Master Development Programs in Mexico and Capital Development Program in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Operating margin for 2Q18 decreased by 90 basis points, from 52.0% in 2Q17 to 51.1% in 2Q18. Excluding the effects of IFRIC 12, operating margin decreased by 230 basis points from 58.6% in 2Q17 to 56.3% in 2Q18. Operating income increased by Ps. 149.7 million, or 9.3%, compared to 2Q17.

EBITDA margin decreased by 100 basis points, from 63.3% in 2Q17 to 62.3% in 2Q18. The EBITDA margin, excluding the effects of IFRIC 12, decreased by 270 basis points, from 71.4% in 2Q17 to 68.7% in 2Q18. The nominal value of EBITDA increased by Ps. 186.0 million, or 9.5%.

Financial result decreased by Ps. 77.3 million, from a net gain of Ps. 46.1 million in 2Q17 to a net expense of Ps. 31.2 million in 2Q18. This decrease was mainly the result of:

Comprehensive income in 2Q18 increased by Ps. 562.0 million, or 56.9%, compared to 2Q17.

The main increase was derived from the exchange rate gain from the currency translation effects that increased by Ps. 505.6 million, or 349.9%.

Income before income taxes increased by Ps. 72.7 million, or 4.4%. Income taxes increased by Ps. 16.3 million, due to an increase in the benefit from deferred income tax of Ps. 144.3 million. This result was mainly due to lower inflation, which fell from 0.25% accumulated inflation in 2Q17 to a deflation 0.12% in 2Q18, as well as an increase in current tax of Ps. 160.6 million.

Consolidated Results for the Six Months ended June 30, 2018 (in thousands of pesos):

- For purposes of the consolidation of the Montego Bay airport, the average monthly exchange rate of Ps. 19.0653 per U.S. dollar for the six months ended June 30, 2018 was used.

Dollar revenues in from retail operations, duty-free stores and timeshare spaces rose by a combined 5.4%. Upon conversion to pesos, however, these revenues decreased by Ps. 5.1 million, or 2.1%, as a result of the 2.2% appreciation of the average peso exchange rate versus the U.S. dollar in 1H18.

Revenues from improvements to concession assets (IFRIC 12) declined by Ps. 82.6 million, or 11.8%, compared to 1H17, due to a 33.2% decline in the committed investment under the Master Development Program in the Mexican airports for 2018, resulting in a decrease of Ps. 232.3 million in 1H18. This effect was offset by an increase in improvements to concession assets in the Montego Bay airport for Ps. 149.7 million compared to 1H17.

[2] Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12), but this recognition does not have a cash impact or an impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed in accordance with the Company’s Master Development Programs in Mexico and Capital Development Program in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Total operating costs during 1H18 increased by Ps. 229.0 million, or 7.6% compared to 1H17, and comprised the following:

Operating margin for 1H18 increased by 80 basis points, from 51.8% in 1H17 to 52.6% in 1H18. Operating margin, excluding the effects of IFRIC 12, declined 50 basis points, from 58.3% in 1H17 to 57.8% in 1H18. Operating income increased by Ps. 358.7 million, or 11.1% compared to 1H17.

EBITDA margin increased by 80 basis points, from 63.1% in 1H17 to 63.9% in 1H18. EBITDA margin, excluding the effects of IFRIC 12, decreased by 90 basis points, from 71.1% in 1H17 to 70.2% in 1H18. The nominal value of EBITDA increased by Ps. 422.2 million, or 10.7%.

Financial result decreased by Ps. 224.4 million, from a net gain of Ps. 242.8 million in 1H17 to a net gain of Ps. 18.4 million in 1H18. This amount mainly includes:

Comprehensive income in 1H18 increased by Ps. 615.2 million, or 30.3%, compared to 1H17.

The main increase was due to the exchange rate gain, due to the foreign currency translation effects, which increased by Ps. 678.8 million or 104.4%.

Income before income taxes increased by Ps. 135.8 million, or 3.9%. Income taxes increased by Ps. 200.5 million, due to an increase in the benefit from current tax of Ps. 127.0 million and a decline in the benefit from deferred income tax of Ps. 73.5 million. This decrease was mainly due a lower inflation rate, which fell from 3.2% in 1H17 to 1.1% in 1H18.

Total assets as of June 30, 2018 increased by Ps. 3,432.0 million compared to June 30, 2017, primarily due to the following items: i) cash and cash equivalents of Ps. 1,621.6 million, ii) improvements to concession assets of Ps. 1,270.1 million, iii) client accounts receivables of Ps. 342.1 million, and iv) deferred income taxes for Ps. 206.4 million.

Total liabilities as of June 30, 2018 increased by Ps. 3,570.7 million compared to June 30, 2017. This increase was primarily due to: i) bond issuances for Ps. 2.3 billion, ii) dividends payable for Ps. 879.9 million, and iii) bank loans for Ps. 373.4 million, mainly driven by an 11.0% depreciation of the Mexican peso. This result was offset by a decline in accounts payable for Ps. 290.5 million, among other factors.

In May 2018, GAP appointed Ms. Alejandra Soto as Investor Relations and Financial Planning Manager. Alejandra joined GAP in February 2008 and has worked in several Finance and Administrative areas; she is currently responsible for Financial Planning and potential mergers and acquisitions activities, as well as the investor relations functions.

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 contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS.

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.

Exhibit A: Operating results by airport (in thousands of pesos): (continued)

(1) Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali and Morelia airports.

Exhibit B: Consolidated statement of financial position as of June 30 (in thousands of pesos):

The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”).

Exhibit C: Consolidated statement of cash flows (in thousands of pesos):

Exhibit D: Consolidated statements of profit or loss and other comprehensive income
(in thousands of pesos):

The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”).

As of April 1, 2015, 100% of DCA has been consolidated, including its 74.5% participation in the Montego Bay airport. The remaining 25.5% belongs to Vantage. Accordingly, for presentation purposes, the stake held by Vantage appears in the Stockholders’ Equity of the Company as a non-controlling interest. In addition, DCA holds a 14.77% stake in the Santiago airport in Chile, the results of which are recognized through the equity method. On September 30, 2015, the concession to operate the Santiago airport in Chile expired and those assets were immediately returned to the Chilean government and the new operator.

As a part of the adoption of IFRS, the effects of inflation on common stock recognized pursuant to Mexican Financial Reporting Standards (MFRS) through December 31, 2007 were reclassified as retained earnings because accumulated inflation recognized under MFRS is not considered hyperinflationary according to IFRS. For Mexican legal and tax purposes, Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as an individual entity, will continue preparing separate financial information under MFRS. Therefore, for any transaction between the Company and its shareholders related to stockholders’ equity, the Company must take into consideration the accounting balances prepared under MFRS as an individual entity and determine the tax impact under tax laws applicable in Mexico, which requires the use of MFRS. For purposes of reporting to stock exchanges, the consolidated financial statements will continue being prepared in accordance with IFRS, as issued by the IASB.

WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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

	By: /s/ SAÚL VILLARREAL GARCÍA Name: Saúl Villarreal García Title: Chief Financial Officer