AMLO Wins as Expected and Was Already Baked Into Our Mexican Airport Valuations
Yesterday Mexicans elected Andrés Manuel López Obrador, or AMLO, as their next president in a landslide victory in which AMLO won just over 53% of the vote; he will take office Dec. 1, 2018. AMLO campaigned as a populist but based on his tenure as mayor of Mexico City, we think he will turn out to be a moderate in many areas. That said, we do believe Mexican policy vis-à -vis the energy sector and trade with the U.S. will change significantly. But we don’t see an AMLO administration touching the ...Grupo Aeroportuario del Sureste holds concessions to operate, maintain and develop nine airports in the southeast region of Mexico. As operators of these airports, Co. charges airlines, passengers and other users fees for the use of the airports' facilities. Co. also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. Co.'s concessions include the concession for Cancun International Airport, the airports in Cozumel, Huatulco, Merida, Minatitlan, Oaxaca, Tapachula, Veracruz and Villahermosa.
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