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PAC - Grupo Aeroportuario Del Sureste: Revisited On Traffic Data Update Q2 Results
Grupo Aeroportuario Del Pacifico S.A. B. de C.V. de C.V.
On July 22, 2020, Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) announced the results for the 2Q2020 (see here).
Below, I will review how this airport operator has been doing based on the financial results in the quarter and air traffic data over the past few months, aiming to update the investment thesis that I first presented here.
Air traffic
Mexico. The Mexican government announced stay-at-home, social distancing, and travel restriction measures in late March to contain the coronavirus pandemic and reopened the country on June 1 (see here