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Flash Aviation Sector: US downgrades Mexico aviation safety assessment

FAA downgraded Mexico's aviation safety assessment to Category 2, for failing to meet ICAO minimum safety standards
Mexican airlines are now prevented, among others, from launching new routes and increasing or reducing frequencies
Category 1 would return in short term; though we expect volatility. Favorable perspectives are maintained in long-term

Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte

Marissa Garza Ostos

Head of Equity Research @ Banorte

28 May 2021

Published by

Banorte

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