Report
Danny Goode
EUR 100.00 For Business Accounts Only

Pacifico Looks to Capitalize on Resilient Mexican Air Travel Market

We were encouraged by passenger volume and nonaeronautical results from
Grupo Aeroportuario del Pacifico in the first quarter; thus, we plan to retain our wide moat rating and fair value estimate of $109 per ADR (MXN 206 per local share). On 5% systemwide passenger growth over the previous year, Pacifico earned nonaeronautical revenue of MXN 901 million, a 20% year-on-year improvement. Pacifico’s Mexican airports made solid commercial revenue contributions on newly opened commercial space at the...
Underlying
Grupo Aeroportuario del Pacifico S.A. de C.V. ADS

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.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Danny Goode

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