In a series of articles (see here, here, and here), I recently presented the investment cases for the Mexican airport operators, namely, Grupo Aeroportuario del Sureste or ASUR (ASR), Grupo Aeroportuario del Pacífico or GAP (PAC), and Grupo Aeroportuario del Centro Norte or OMA (OMAB), citing their long-term monopolistic concession rights to operate, manage, and develop airports, which accord them with strong pricing power.
Thanks to the inherently superior economics, these airport operators are extremely profitable in good times and resilient in economic malaise. Only in