Grupo Aeroportuario Del Pacífico: Short-Term Struggles, Long-Term Gains - Time To Buy?

I 9 un Feverpitched In September 2023, I covered Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) ("GAP") for the first time with a buy rating. The stock performance has not been what we were looking for as stock prices declined around 5% while the markets returned over 20%. That underperformance is driven by higher concession fees and changes to the passenger fees that caused a steep drop to share prices of Mexican airport operators in October 2023 and most airport stocks have not been able to o ...