Airport operators in Mexico offer one of the unique investment opportunities to profit from the growing tourism and domestic air travel there. These firms hold term concessions to run many airports. They generate revenue from a variety of items such as parking, retail space, services to airlines, etc.
The three publicly listed Mexican airport operators are:
Grupo Aeroportuario del Pacifico SAB de CV (PAC)
Grupo Aeroportuario del Sureste SAB de CV (ASR)
Grupo Aeroportuario del Centro Norte SAB de CV(OMAB)
Last week PAC announced a 5-year master plan which was approved by the regulators. As a result, the stocks has soared in the past few days. Competitors ASR and OMAB also have rallied following PAC.
Mexican airport operators – Year-to-date Return:
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Mexican airport operators – 5-Year Return:
Source: Yahoo Finance
From an investment perspective, it is wise to wait for a pull back and add in a phased manner.
Disclosure: No positions
