<SEC-DOCUMENT>0001171843-20-002012.txt : 20200326
<SEC-HEADER>0001171843-20-002012.hdr.sgml : 20200326
<ACCEPTANCE-DATETIME>20200326101248
ACCESSION NUMBER:		0001171843-20-002012
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200325
FILED AS OF DATE:		20200326
DATE AS OF CHANGE:		20200326

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:		20744460

	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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<DESCRIPTION>FORM 6-K
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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 March 2020</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: 14pt"><b>GRUPO AEROPORTUARIO DEL PACIFICO ANNOUNCES CONTINGENCY PLAN TO
FACE COVID-19</b></font></p><p style="text-align: center;"><strong></strong></p><p>
   <p align="justify"><font style="font-size: 10pt">GUADALAJARA, Mexico, March 25, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario
   del Pac&#237;fico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (the &#8220;Company&#8221; or &#8220;GAP&#8221;) announces that, as
   a result of current circumstances, as well as the expected disruptions domestically and internationally due to the COVID-19
   pandemic, the Company has taken the following course of action and measures, which have been approved by the Board of Directors
   (&#8220;the Board&#8221;):</font></p>    <ol type="i"><li style="text-align:justify;"><font style="font-size: 10pt">A
                                         service cost-control plan has been put into effect via the reduction of energy, security
                                         services, cleaning and maintenance in accordance with passenger demand, in order to operate
                                         at minimum levels without affecting quality. As a result, operational areas that are
                                         not currently being used will be temporarily closed.<br><br></font></li><li style="text-align:justify;"><font style="font-size: 10pt">We
                                         have delayed non-obligatory capital investments and shall request the postponement of
                                         investments committed for this year from the proper authorities.<br><br></font></li><li style="text-align:justify;"><font style="font-size: 10pt">As
                                         an additional measure, and in order to protect the Company&#8217;s liquidity, we will
                                         be postponing the proposal for shareholder distributions of dividends and equity reductions
                                         that were included in the agenda for the Ordinary and Extraordinary Shareholders&#8217;
                                         Meeting set to take place on April 28, 2020, as per the announcement on March 11, 2020.
                                         Therefore, the Company will publish the new Ordinary Shareholders&#8217; Meeting announcement,
                                         modifying the Agenda, and will cancel the announcement for an Extraordinary Shareholders&#8217;
                                         Meeting.</font></li></ol>    <p align="justify"><font style="font-size: 10pt"><b>Cash</b><br>These
                                         actions seek to manage liquidity levels; the balance of this cash position to date is
                                         Ps. 10.5 billion, of which 65% is dollar-denominated in order to fulfill the Company&#8217;s
                                         commitments with its employees, suppliers and creditors, thereby prioritizing the operation
                                         of our airports.</font></p>    <p align="justify"><font style="font-size: 10pt"><b>Dividends</b><br>Once
                                         we understand the full economic impact of the traffic reductions and we have better visibility
                                         as to when the operation will stabilize, the Company will ask the Board to call a new
                                         Shareholders&#8217; Meeting to propose shareholder distributions in the form of dividends
                                         and equity reductions.</font></p>    <p align="justify"><font style="font-size: 10pt"><b>March
                                         2020 Traffic</b><br>Passenger traffic declined by 5.0% at GAP&#8217;s 14 airports during
                                         the first 15 days of March 2020.</font></p>    <p align="justify"><font style="font-size: 10pt"><b>Debt
                                         Levels</b><br>GAP does not have any debt maturities for the remainder of the year; therefore,
                                         the Company will be able to fulfill all financial and operating obligations with its
                                         current cash position. The Company will seek to refinance debt maturities for subsequent
                                         years at a later date, in order to maintain the same leverage levels.</font></p>    <p align="justify"><font style="font-size: 10pt">Debt
                                         maturities are as follows:<br>https://www.globenewswire.com/NewsRoom/AttachmentNg/2a33e25f-5cd9-4479-8f2e-5989a7a972ee<br><i><sup>(millions
                                         of Mexican pesos)<br>*Exchange rate of Ps. 24.50 pesos per U.S. dollar</sup></i></font></p>    <p align="justify"><font style="font-size: 10pt">The
                                         Company is facing an unprecedented and changing situation, which is why at this time
                                         we are unable to reasonably forecast the magnitude and duration that the effects of flight
                                         restrictions will have as a result of the pandemic. GAP is continuously analyzing and
                                         implementing prevention and mitigation measures that are subject to changes as required
                                         by the circumstances. As such, we must remain flexible and maintain capacity that is
                                         adapting responsibly to global and local circumstances. We will continue to inform the
                                         investment market regarding future updates that are pertinent to our business and operations,
                                         as well as measures that we are required to adopt in order to the preserve liquidity
                                         and continuity of the business.</font></p>    <p align="justify"><font style="font-size: 10pt"><b><u>Company
                                         Description</u></b><br></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. In February 2006, GAP&#8217;s shares were listed 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;. 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. 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. These statements are statements
                                         that 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. 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. 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.</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 <b>&#8220;whistleblower&#8221;</b>
                                         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&#8217;s Audit Committee
                                         will be notified of all complaints for immediate investigation.</font></p>  <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="max-width:50%; width:50%; min-width:50%;;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%;;vertical-align: middle ; "><font style="font-size: 10pt">&#160;</font></td></tr><tr><td style="vertical-align: middle ; "><font style="font-size: 10pt">Sa&#250;l
                                         Villarreal, Chief Financial&#160;Officer</font></td><td style="vertical-align: middle ; "><font style="font-size: 10pt">svillarreal@aeropuertosgap.com.mx</font></td></tr><tr><td style="vertical-align: middle ; "><font style="font-size: 10pt">Alejandra
                                         Soto, IR and Financial Planning Manager</font></td><td style="vertical-align: middle ; "><font style="font-size: 10pt">asoto@aeropuertosgap.com.mx</font></td></tr><tr><td style="vertical-align: middle ; "><font style="font-size: 10pt">Gisela
                                         Murillo, Investor Relations</font></td><td style="vertical-align: middle ; "><font style="font-size: 10pt">gmurillo@aeropuertosgap.com.mx&#160;/
                                         +523338801100 ext.20294</font></td></tr><tr><td style="vertical-align: middle ; "><font style="font-size: 10pt">Maria
                                         Barona, i-advize Corporate Communications</font></td><td style="vertical-align: middle ; "><font style="font-size: 10pt">mbarona@i-advize.com</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>

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    <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: March 25, 2020</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%"><font style="font-size: 10pt">&#160;</font></td>
    <td align="center" width="47%"></td></tr>
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