Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (GAP) Announces Results for the Second Quarter 2008

GUADALAJARA, Mexico, July 25 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") today reported its results for the quarter ended June 30, 2008. Figures are unaudited and have been prepared in accordance with Mexican Financial Reporting Standards. All peso amounts are presented in nominal pesos as of June 30, 2008, except for the figures for the second quarter 2007, which are expressed in constant pesos as of December 31, 2007, according to changes in Financial Reporting Standards (NIF) B-10 "Effects of Inflation".

Highlights for 2Q08 vs. 2Q07:

-- Revenues increased 1.0% (Ps. 8.8 million), mainly due to a Ps. 11.6 million (6.7%) increase in non-aeronautical revenues.

-- Revenues from non-aeronautical services rose principally due to a 25.8% increase in vehicle parking services, while aeronautical revenues declined due to a 4.7% decrease in passenger charges, despite passenger traffic that fell 3.6% and a 3.4% decline in workload units (WLUs).(1)

-- Cost of services increased 19.1%; as a percentage of revenues, it increased 430 basis points and rose Ps. 7.8 per WLU, from Ps. 33.8 in the second quarter of 2007 to Ps. 41.6 in the second quarter of 2008.

-- As a result of the increase in revenues, the cost of government concession taxes increased 1.0% and the technical assistance fee decreased 4.6%.

-- Operating income decreased 9.6%.

-- Adjusted EBITDA(2) decreased 5.2%.

-- Net income increased 10.4%, or Ps. 30.0 million, despite the decline in operating margin, mainly due to the 63.3% decrease in income taxes compared to the second quarter of 2007. The decrease in income taxes was principally due to the decrease of deferred income tax, due to changes in NIF B-10 "Effects of Inflation".

For the full report please visit www.aeropuertosgap.com.mx

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

(2) We define adjusted EBITDA as operating income plus depreciation and amortization. Adjusted EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance, or as an alternative to cash flow as an indicator of liquidity. Our management believes that ADJUSTED EBITDA provides a useful measure of our performance that is widely used by investors and analysts to evaluate our performance and compare it with other companies. ADJUSTED EBITDA is not defined under U.S. GAAP, and may be calculated differently by different companies.

    For more information please visit www.aeropuertosgap.com.mx or contact:

    In Mexico
    Miguel Aliaga, Investor Relations Officer
    Rodrigo Guzman, Chief Financial Officer
    Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
    Tel: 01 (333) 880 1100 ext 216
    maliaga@aeropuertosgap.com.mx

    In the U.S.
    Maria Barona
    Kenia Vargas
    i-advize Corporate Communications, Inc.
    Tel: 212 406 3691/3695
    gap@i-advize.com