Equity Analysis /
MexicoASUR: Flash: International traffic continues surprising
In June, ASURs showed a total passengers increase of 23.1% y/y, supported by stronger international traffic demand
The nine airports operated in Mexico grew 20.0% y/y, slightly below our 23.0% y/y estimate
We reiterate our positive outlook with an attractive valuation (current FV/EBITDA 10.7x vs. 11.4x avg. domestic sector)
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
Marissa Garza Ostos
Head of Equity Research @ Banorte
8 July 2022
Published byBanorte
