Mexican Airport Stocks Drop as June Passenger Traffic Falls 5.1% to 8.5%
Updated
Updated · Bloomberg · Jul 7
Mexican Airport Stocks Drop as June Passenger Traffic Falls 5.1% to 8.5%
1 articles · Updated · Bloomberg · Jul 7
Summary
Mexican airport shares fell Tuesday after June traffic data showed passenger volumes contracted instead of getting a World Cup lift.
Grupo Aeroportuario del Pacifico reported a 5.1% year-on-year drop in terminal passengers, missing Bradesco BBI estimates by 14.9%.
Grupo Aeroportuario del Sureste posted an 8.5% decline in total passenger traffic in Mexico, with international travelers driving the sharpest slump.
The weak figures deepened pressure on an industry already facing broader operating problems, undercutting hopes that the FIFA World Cup would spur demand.