Grupo Aeroportuario del Centro Norte focuses on increasing nonaeronautical revenue.
We’re revisiting our Mexican airport traffic forecasts on the the back of strong poll numbers for leftist presidential candidate Andrés Manuel López Obrador, or AMLO. Specifically, we’ve brought down our 2021 and 2022 traffic growth rates for the Mexican airport operators we cover. The lower traffic forecast decreased our fair value for each operator, and a revised spot rate for the peso, which has depreciated lately, also affected ADR fair values. Our new fair values are $42 for Centro Norte (M...
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