- Grupo Aeroportuario del Sureste ("Sureste") has seen air traffic recover gradually in Mexico, Puerto Rico and, lately, Colombia.
- Sureste showed its resilience in Q3, which saw a return to profitability and confirmation of the company's low leverage and comfortable liquidity.
- A new, government-operated, airport is being considered for Tulum, but we don't expect it to derail Sureste's operations in Cancun.
- The timing of a full recovery to pre-COVID-19 levels is uncertain, but patient investors will be rewarded, since the macro trends that support Sureste's growth remain in place.
For further details see:
Grupo Aeroportuario Del Sureste: Colombia Joins The Recovery