Grupo Aeroportuario del Pacifico SAB de CV

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Passengers at airports operated by Asur, Gap and Oma showed a good performance in demand, in line with expectations. Passenger traffic in Asur rose 23.9%, in Gap 24.3%, and in Oma 33.7% (once again the highest in the sector). Figures reaffirm our exp...

Gap’s February passengers increased 24.3% (vs 26.0%e), given a solid demand performance. Domestic segment grew 20.1% y/y and international 29.5%. Mexico’s traffic rose 21.8% y/y (vs 23.0%e). The outlook remains favorable, especially with the potentia...

Gap announced it will propose a dividend of MXN 14.84 per share, representing a 4.3% yield at current prices. The dividend proposed by the group offers an attractive yield, in line with our estimate. This reflects the financial strength and positive....

Gap reported a 4Q22 that was operationally aligned, with solid gains due to continued strong passenger traffic. The longer-term outlook could be more positive with additional potential for nearshoring demand. We set a PT of MXN 430.00 (FV/EBITDA 2023...

Passengers at airports operated by Asur, Gap and Oma showed a higher growth rate in January, exceeding expectations. Passenger traffic in Asur rose 29.8%, in Gap 33.1%, and in Oma 37.0% (the highest in the sector). The positive start to the year poin...

Gap’s January passengers increased 33.1% (vs 25.0%e), given favorable demand performance and an easy comparative base. Domestic segment grew 28.4%y/y and international 38.8%. Mexico’s traffic rose 30.0% y/y above our estimate of 23.0%. We will be loo...