Mexican airport operators are posting some of the country’s best stock returns as air travel surges to a record, bolstered by cheap fuel, a domestic consumption boom and currency shifts that entice dollar-wielding foreign tourists, according to Bloomberg.
The peso’s drop against the greenback has made it easier for U.S. tourists to afford sun-drenched holidays amid Mexico’s warm waters and soft sands. Domestic ticket sales are also increasing as discount carriers chop fares, increase flights and add new destinations in a bid to coax travelers onto modern jetliners instead of long-haul buses.
Rising passenger loads swell the coffers of Mexico’s three airport operators — nicknamed OMA, GAP Airports and Asur — because the companies receive a slice of a fee that’s paid by every customer buying an airline ticket. The number of fliers climbed by about half in five years to a record 74.8 million in 2015, according to government data, and Mexico’s on track to set an all-time high this year.
“Every time someone buys an airplane ticket, the airport operators’ cash register rings,” Marco Montanez, an analyst at Vector Casa de Bolsa who recommends buying shares in all three airport companies, said by telephone. Every five years, the operators negotiate with the government the possibility of raising the fees based on the companies’ planned infrastructure investments, Montanez said.
more recommended stories
Aztecs to take over Germany
The Linden Museum of the German.
“Andares” a play about indigenous people, will be presented in Campeche
Andares, a play that presents the.
Number of tourists in Valladolid increases during the summer holidays
With the start of the summer.
In July, the Yucatan will witness the Sun in Zenith and proximity of Mars
From July 18 to 20 ,.
López Obrador slashes his own salary and increases his popularity among the people of Mexico
Mexican President-elect Andres Manuel Lopez Obrador.
Rewards in exchange for donating plastic containers in Mérida
The modules of the pilot project.
Cozumel police protest mismanagement of funds by senior officers
Municipal police in Cozumel, Quintana Roo,.
Southwest Airlines to expand cargo business to Mexico
According to CNBC News, the avocado on.
Mérida hotels take measures against Influenza
The hotel and commerce sector of.
CICY scientists develop international biomimetic study on cocoyol fruit’s toughness
The Cocoyol or Coyol (Acrocomia Mexicana).