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The Mexican Airport Concessions: A Comparative Investment Analysis of GAP, ASUR, and OMA

Author
Lukasz Tomicki and LRT Capital Management LLC
Published
Wed 23 Jul 2025
Episode Link
https://gemini.tomicki.net/the-mexican-airport-concessions-a-comparative-investment-analysis-of-gap-asur-and-oma/

Executive Summary This report provides a comprehensive fundamental investment analysis of the three publicly traded Mexican airport operators: Grupo Aeroportuario del Pacífico (GAP), Grupo Aeroportuario del Sureste (ASUR), and Grupo Aeroportuario del Centro Norte (OMA). The Mexican airport sector presents a compelling investment case, characterized by a quasi-monopolistic market structure, long-term concession agreements that provide […]

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