ASR - Grupo Aeroportuario Del Pacifico Thrives As Cross-Border Xpress Draws Californian Travelers
Cross-Border Xpress ("CBX"), the binational bridge for passengers of the Tijuana Airport who cross the border between Mexico and the United States, has been a resounding success since its inauguration in 2015. The flyover enables Grupo Aeroportuario del Pacifico (PAC, "GAP"), Tijuana Airport's operator, to capture the demand from South California.
Tijuana's growth has turned the airport into a very profitable asset for GAP. The operator can also count on other growth projects, notably in Guadalajara and Jamaica. With such tailwinds, I expect the company to keep rewarding shareholders through dividends and share