Pacifico has healthy exposure to domestic and international travel in Mexico.
We recently took a deeper look at the three Mexican airport operators we cover—Centro Norte, Pacifico, and Sureste—that possess wide moats thanks to 50-year concessions granted by the Mexican government combined with the powerful efficient scale moat source. We think all three offer investors unique small-cap stocks with wide moats, a competitive advantage rating possessed by only 5% of the small-cap stocks Morningstar covers. Centro Norte, Pacifico, and Sureste are all trading at price/fair val...Grupo Aeroportuario del Pacifico operates concessions to operate one international airport in Jamaica and twelve airports, which serve two major metropolitan areas (Guadalajara and Tijuana), several tourist destinations (Puerto Vallarta, Los Cabos, La Paz and Manzanillo), and a number of mid-sized cities (Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis). All of Co.'s airports are equipped to receive international flights and maintain customs, refueling and immigration services by the Mexican government. Also, Co. leases space to restaurants and retailers at its airports. In 2016, Co.'s airports served a total of approximately 32.6 million terminal passengers.
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