Report
Chris Higgins
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Pacifico Begins to Navigate a Flight Path Through a Post-AMLO World

In a nonbinding referendum that was run by Andrés Manuel López Obrador’s MORENA political party, Mexicans have voted to scrap a new $14 billion Mexico City airport that was slated to begin operations in late 2020. Specifically, citizens who participated voted to recondition the existing Mexico City airport and build two additional runways at the Santa Lucia air base. Given the high profile nature of the airport project--it was a flagship infrastructure program for the PRI (Institutional Revoluti...
Underlying
Grupo Aeroportuario del Pacifico SAB de CV Class B

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.

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.

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Analysts
Chris Higgins

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