Grupo Aeroportuario del Sureste benefits from the weakened peso; travelers are flocking to Cancun.
Wide-moat Grupo Aeroportuario del Sureste reported 2017 fourth-quarter earnings that featured contracting margins and an impairment charge. Results were weighed down by challenging conditions at its San Juan, Puerto Rico airport in the wake of Hurricane Maria and the acquisition of Colombian airport operators. Although we’re maintaining our wide moat, we think there are question marks around the performance of the Colombian assets and we’re not expecting a recovery in Puerto Rico until the back ...
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