<SEC-DOCUMENT>0001171843-19-006479.txt : 20191015
<SEC-HEADER>0001171843-19-006479.hdr.sgml : 20191015
<ACCEPTANCE-DATETIME>20191011184509
ACCESSION NUMBER:		0001171843-19-006479
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191011
FILED AS OF DATE:		20191015
DATE AS OF CHANGE:		20191011

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pacific Airport Group
		CENTRAL INDEX KEY:			0001347557
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			O5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32751
		FILM NUMBER:		191148871

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA MARIANO OTERO NO. 1249, PISO 6
		STREET 2:		COL. RINCONADA DEL BOSQUE
		CITY:			GUADALAJARA, JALISCO
		STATE:			O5
		ZIP:			45140
		BUSINESS PHONE:		(52)(33) 3880-1100

	MAIL ADDRESS:	
		STREET 1:		AVENIDA MARIANO OTERO NO. 1249, PISO 6
		STREET 2:		COL. RINCONADA DEL BOSQUE
		CITY:			GUADALAJARA, JALISCO
		STATE:			O5
		ZIP:			45140
</SEC-HEADER>
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<TEXT>

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<p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p>

<p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p>

<p style="text-align: center;"><strong></strong></p>

<p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE <br />ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER <br />THE SECURITIES EXCHANGE ACT OF 1934</strong></p>

<p style="text-align: center;"><strong></strong><strong>For the month of October 2019</strong></p>

<p style="text-align: center;">Commission File Number: <strong>001-32751</strong></p>

<p style="text-align: center;"><font style="font-size: 12pt;"><strong>GRUPO AEROPORTUARIO DEL PAC&Iacute;FICO S.A.B. DE C.V.<br />(PACIFIC AIRPORT GROUP)</strong></font><!--Grupo Aeroportuario del Pac&#237;fico, S.A.B. de C.V.--><br />(Translation of registrant's name into English)</p>

<p style="text-align: center;"><font style="font-size: 12pt;">M&eacute;xico</font><br />(Jurisdiction of incorporation or organization)</p>

<p style="text-align: center;">Avenida Mariano Otero No. 1249-B<br />Torre Pacifico, Piso 6<br />Col. Rinconada del Bosque<br />44530 Guadalajara, Jalisco, M&eacute;xico<!--Avenida Mariano Otero No. 1249-B Torre Pac&#237;fico, Piso 6 Col. Rinconada del Bosque--><br />(Address of principal executive office)</p></div>

<p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p>

<p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </p>

<p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p>

<p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </p>

<p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.&#160;</p><hr style="page-break-after: always;" noshade="noshade" />

<p> </p>

<p style="text-align: center;"><font style="font-size: 11pt"><b>GAP Announces Initiation of Operations in the Kingston Airport
and Updated Guidance Expectations for Full Year 2019</b></font></p><p style="text-align: center;"><strong></strong></p><p>
  <p align="justify"><font style="font-size: 10pt">GUADALAJARA, Mexico, Oct. 11, 2019 (GLOBE NEWSWIRE) -- Grupo Aeroportuario
  del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (&#8220;the Company&#8221; or &#8220;GAP&#8221;) informs that yesterday took
  control and initiated operations of the Norman Manley International Airport (&#8220;KIN&#8221;), located in the city of Kingston,
  Jamaica.<br></font></p>   <p align="justify"><font style="font-size: 10pt">In
                                         accordance with the terms of the Concession Contract (&#8220;the Contract&#8221;) that
                                         was signed on October 10, 2018, the Company was granted 12 months for the transition
                                         and takeover of the operation and administration of KIN. During this period, the Company
                                         complied with prior conditions and made a payment of US$ 7.1 million for the assignment
                                         of the Contract.</font></p>   <p align="justify"><font style="font-size: 10pt">As
                                         per the Contract, there are mandatory works that must be executed during the first 36
                                         months from the initiation of operations, for approximately US$ 60.0 million. Additionally,
                                         GAP will pay authorities a concession fee of 62% over total aeronautical and commercial
                                         revenues; these concepts, as well as operating expenses, are included in the determination
                                         of passenger fees.</font></p>   <p align="justify"><font style="font-size: 10pt">During
                                         2018, KIN served a total of 1.7 million passengers. For the January to September 2019
                                         period, KIN served a total of 1.4 million passengers, representing an increase of 8.4%
                                         compared to the same period of 2018.</font></p>   <p align="justify"><font style="font-size: 10pt">As
                                         a result of the integration and consolidation of KIN during the last quarter of the year,
                                         GAP announces its revised guidance for full year 2019.</font></p>  <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="max-width:15%; width:15%; min-width:15%;;text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="max-width:40%; width:40%; min-width:40%;;border-top: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>Traffic</b></font></td><td style="max-width:30%; width:30%; min-width:30%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>&#160;
                                         8% +- 1%</b></font></td><td style="max-width:15%; width:15%; min-width:15%;;text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>Aeronautical
                                         Revenue</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>12%
                                         +- 1%</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>Non
                                         Aeronautical Revenue</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>20%
                                         +- 1%</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>Total
                                         Revenue </b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>14%
                                         +- 1%</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>EBITDA</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>12%
                                         +- 1%</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>EBITDA
                                         Margin</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>68%
                                         +- 1%</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: justify ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td><td style="border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; "><font style="font-size: 10pt"><b>CAPEX</b></font></td><td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt"><b>Ps.
                                         1,900 million</b></font></td><td style="text-align: center ;  vertical-align: middle; "><font style="font-size: 10pt">&#160;</font></td></tr></table>  <p align="justify"><font style="font-size: 10pt">Compared
                                         to previous guidance figures, the decline in the revised aeronautical revenue is due
                                         to lower actual inflation (to date), compared to the original estimates projected at
                                         the beginning of the year.</font></p>   <p align="justify"><font style="font-size: 10pt">The
                                         consolidation of KIN during 4Q19 is based on the current operation of the airport, which
                                         could change in the future. Current contracts for services received, as well as commercial
                                         contracts, may be renegotiated and bid out to improve the airport&#8217;s current financial
                                         and operating structure. Additionally, the new tariffs that are scheduled to be applied
                                         beginning January 1, 2020, will allow improvements in operating results and recovery
                                         of committed investments with the Government of Jamaica.</font></p>   <p align="justify"><font style="font-size: 10pt">These
                                         figures are estimates based on certain assumptions that GAP&#8217;s management considers
                                         reasonable. Many of the factors that affect these assumptions and their estimates are
                                         out of the Company&#8217;s control and are subject to changes that could take place for
                                         the remainder of the year based on a variety of factors, including but not limited to,
                                         airline activity, domestic and international economic conditions and government regulations.
                                         Please refer to the Company&#8217;s Annual Report for the period ended December 31, 2018,
                                         for a more detailed list of factors that could affect traffic performance, revenue and
                                         expenses.</font></p>   <p align="justify"><font style="font-size: 10pt"><b>Company
                                         Description:</b></font></p>   <p align="justify"><font style="font-size: 10pt">Grupo
                                         Aeroportuario del Pac&#237;fico, S.A.B. de C.V. (GAP) operates 12 airports throughout
                                         Mexico&#8217;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.&#160; In February 2006, GAP listed its shares on the New York Stock Exchange
                                         under the ticker symbol &#8220;PAC&#8221; and on the Mexican Stock Exchange under the
                                         ticker symbol &#8220;GAP&#8221;.&#160; 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. In October
                                         2018, GAP entered into a concession agreement for the operation of the Norman Manley
                                         International Airport in Kingston, Jamaica and took control of the operation in October
                                         2019.</font></p>   <p align="justify"><font style="font-size: 10pt">This
                                         press release may contain forward-looking statements.&#160; These statements are not
                                         historical facts, and are based on management&#8217;s current view and estimates of future
                                         economic circumstances, industry conditions, company performance and financial results.&#160;
                                         The words &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221;
                                         &#8220;expects,&#8221; &#8220;plans&#8221; and similar expressions, as they relate to
                                         the company, are intended to identify forward-looking statements.&#160; 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.&#160; Such statements reflect the current
                                         views of management and are subject to a number of risks and uncertainties.&#160; There
                                         is no guarantee that the expected events, trends or results will actually occur.&#160;
                                         The statements are based on many assumptions and factors, including general economic
                                         and market conditions, industry conditions, and operating factors.&#160; Any changes
                                         in such assumptions or factors could cause actual results to differ materially from current
                                         expectations.</font></p>   <p align="justify"><font style="font-size: 10pt">In
                                         accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the &#8220;Ley
                                         del Mercado de Valores&#8221;, GAP has implemented a &#8220;<b>whistleblower</b>&#8221;
                                         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 <u>http://www.lineadedenuncia.com/gap</u>. GAP&#8217;s Audit Committee
                                         will be notified of all complaints for immediate investigation.</font></p>   <p><font style="font-size: 10pt"><br></font></p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="max-width:50%; width:50%; min-width:50%;;text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt"><b><i>IR
                                         Contacts</i></b>:</font></td><td style="max-width:50%; width:50%; min-width:50%;;text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">Sa&#250;l
                                         Villarreal, Chief Financial and Administrative Officer</font></td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">svillarreal@aeropuertosgap.com.mx</font></td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">Alejandra
                                         Soto, IR and Financial Planning Manager</font></td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">asoto@aeropuertosgap.com.mx</font></td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">Gisela
                                         Murillo, Investor Relations</font></td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">gmurillo@aeropuertosgap.com.mx&#160;/
                                         +523338801100 ext.20294</font></td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">Maria
                                         Barona, i-advize Corporate Communications</font></td><td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; "><font style="font-size: 10pt">mbarona@i-advize.com<br></font></td></tr></table></p><p ></p>
<p></p>

<p /><font style="font-size: 10pt"><hr noshade style="page-break-after: always" /></font><p style="text-align: center;"><font style="font-size: 10pt"><b>SIGNATURES</b></font></p>

<p><font style="font-size: 10pt">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.</font></p>

<table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0">
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td style="text-decoration: underline;" align="center" width="47%"><font style="font-size: 10pt"><b>&#160;&#160;&#160;&#160;Grupo
    Aeroportuario del Pac&#237;fico, S.A.B. de C.V.&#160;&#160;&#160;&#160;</b></font></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td align="center" width="47%"><font style="font-size: 10pt">(Registrant)</font></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td align="center" width="47%"><font style="font-size: 10pt">&#160;</font></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td align="center" width="47%"></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">Date: October 11, 2019</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td style="text-decoration: underline;" align="center" width="47%"><font style="font-size: 10pt">&#160;&#160;&#160;&#160;/s/
    SA&#218;L VILLARREAL GARC&#205;A&#160;&#160;&#160;&#160;</font></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td align="center" width="47%"><font style="font-size: 10pt">Sa&#250;l Villarreal Garc&#237;a</font></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%"><font style="font-size: 10pt">&#160;</font></td>
    <td align="center" width="47%"><font style="font-size: 10pt">Chief Financial Officer</font></td></tr>
<tr valign="top">
    <td width="47%"><font style="font-size: 10pt">&#160;</font></td>
    <td width="6%">&#160;</td>
    <td align="center" width="47%"></td></tr>
</table>
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