America Movil announced that it will propose a cash dividend payment of MXN 0.46 per share (+4.5% y/y). As well as an amount of MXN 20 billion to the share buyback fund for the period April 2023 - April 2024. The dividend equates to a 2.4% yield, whi...

Asur will propose dividends in cash, ordinary and extraordinary, for a total of MXN 19.93 per share (yield 3.6%). The dividend proposal is above our expectation. This reflects the solid results and the financial strength. We reaffirm Asur in our top....

Walmex reiterated its business transformation through pricing strategies, technology investment, and service portfolio. The strategy is focused on 3 pillars: (1) win at a discount, (2) be omnichannel leaders and (3) be the main ecosystem. Although st...

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...

Volaris’ total passengers in February rose 17.3% y/y, supported by a 12.9% domestic growth and 38.0% in international. The company noted that the cost of fuel was slightly more favorable than its estimate for the year. The positive outlook, including...

Total passengers in February increased 23.9% y/y, in line with estimates, supported by international segment (26.0% y/y). Passengers in Mexico grew 25.6% (vs. 29.0%e), while the performance of Puerto Rico and Colombia continued to be solid. Strong pe...