Stockpickers gone wild

19 March 2008 By John Christy

Mexico has been one of the few safe havens from plunging stock prices and the collapsing dollar. It’s also a relatively cheap destination for cashstrapped American holidaymakers. That bodes well for Mexico’s listed airports and their savvy shareholders.

This content is for Subscribers only

Context News

Grupo Aeroportuario del Pacifico, Mexico's largest private airport operator, said passenger traffic rose 12.8% in the month of February compared to the same period a year earlier. The company operates twelve airports in Mexico, including Guadalajara and Tijuana.

Grupo Aeroportuario del Sureste, which operates the Cancun airport and others in the southeast part of Mexico, reported a 20% jump in passenger traffic in February.

Both companies have New York Stock Exchangelisted American depositary receipts.

On March 19, MSCI's Mexico index was off 1.3% since the start of the year.

Email a friend

Please complete the form below.

Required fields *