A tailwind has appeared for the sector.
The announcement of the tariff rates and capital master plans, approved by the Mexican authorities, for the coming four year business period, eliminates an element of uncertainty regarding business conditions in the Mexican Airport sector. There was concern among investors that tariff rates would be slashed dramatically in order to encourage growth in domestic travel.
The tariff rates remove a major overhang on the 3 publicly traded firms in the sector. Should passenger traffic continue to grow at even a modest clip, PAC would appear to look interesting for growth based accounts such as the global portfolio. Investment decisions benefit from certainty, and certainty, on a revenue modelling framework, now exists.
https://finance.yahoo.com/news/grupo-aeroportuario-del-pacifico-announces-235558130.html
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