GAERF - Grupo Aeroportuario Del Pacifico Still Has A Long Runway

December, 17 2020 01:40 PM Grupo Aeroportuario del Centro Norte S.A.B de C.V. - Class B

Grupo Aeroportuario del Pacífico (“Pacífico”) has managed to weather the pandemic and returned to profitability in Q3.
A full recovery of operations to pre-Covid levels will take time, as shown by the traffic numbers which plateaued in November.
The company recently obtained a favorable adjustment to its CapEx program. Debt is not an issue, and 2021 maturities have been refinanced.
Tijuana and Guadalajara will continue to drive Pacifico’s growth in the long run. Cooperation with airline Volaris in Guadalajara has been fruitful.
The stock may take a breather, but patient investors will be rewarded.

For further details see:

Company Name:	Grupo Aeroportuario del Centro Norte S.A.B de C.V. - Class B
Stock Symbol:	GAERF
Market:	OTC
Website:	oma.aero