2024-03-11 05:33:45 ET
Summary
- As one might have expected, Flughafen Zürich AG experienced a significant decline in passenger traffic and financial performance during the COVID pandemic.
- The company has since successfully recovered, with passenger traffic reaching 92% of pre-pandemic levels in 2023.
- Moreover, Flughafen Zürich AG is meaningfully expanding its international presence in the growth markets of tomorrow, such as Brazil and India.
Note: Flughafen Zürich AG's (FLGZY)(UZAPF) primary listing is the SIX Swiss Exchange, where it is trading with FHZN as its ticker symbol . There are 18.84 million shares freely-floated, and an average daily liquidity of approximately CHF 7.2 million. There are risks related to the liquidity of U.S. listings: investors that consider making an investment in the company should focus on the primary listing rather than the very illiquid U.S. listings.
Introduction
In early 2020, just as the world scrambled to cope with the emergence of COVID, we wrote an introductory article on Flughafen Zürich AG, concluding that it represented a scarce and durable asset with close to insurmountable barriers to entry, and that investors may have an opportunity to acquire a participation in the company as the pandemic unfolded....
Read the full article on Seeking Alpha
For further details see:
Flughafen Zurich AG: A Post-Pandemic Update