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ASR - Grupo Aeroportuario del Centro Norte: Revisited On Traffic Data Update Amidst Mexican Reopening
Grupo Aeroportuario del Sureste S.A. de C.V.
In a series of articles (see here, here, and here), I presented Grupo Aeroportuario del Centro Norte (OMAB) as the best pick at the time of coronavirus pandemic among the three Mexican airport operators, which also include Grupo Aeroportuario del Sureste (ASR) and Grupo Aeroportuario del Pacífico (PAC). I stated in late April 2020:
[OMAB] is a toll-bridge type of business whose competitive advantage is protected by a government-sanctioned monopoly that will last until 2048 and possibly beyond... In my opinion, [OMAB] is among the best