Report
Danny Goode
EUR 100.00 For Business Accounts Only

Sureste Looks to Capitalize on Resilient Mexican Air Travel Market

We plan to maintain our $197 fair value estimate for Sureste’s ADRs (MXN 379 for local shares) after the Mexican operator delivered first-quarter results. Sureste’s Mexican passenger traffic nearly mirrored Centro Norte traffic volume during the first three months of 2019, with mid-single-digit domestic passenger growth outpacing international volumes by about 3 percentage points. Domestic and international passenger growth lagged the run rate we assign to 2019 due to underwhelming international...
Underlying
Grupo Aeroportuario del Sureste S.A. de C.V. ADS Series B

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Danny Goode

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