Group 1 - The article discusses the resilience of a company's growth story despite potential challenges such as tariffs [1] - The author, Ian Bezek, has extensive experience in Latin American markets and focuses on high-quality growth stocks [2] - The company has a beneficial long position in shares of CAAP, PAC, and OMAB, indicating confidence in these investments [3]

Group 1 - Global air traffic has not only recovered but is also showing new dynamics of growth, indicating a positive trend in the aviation industry [1] - Corporación América Airports (NYSE: CAAP) is positioned as a unique platform to capture value in this growing market [1]

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.0 million for June 2025, reflecting a decrease of 1.8% compared to June 2024 [1][2][4] Passenger Traffic Analysis - Colombia experienced a year-on-year increase of 1.7% in passenger traffic, driven by a 13.3% rise in international traffic, which offset a 1.4% decline in domestic traffic [2][4] - Mexico saw a decline of 2.8% in total passenger traffic, with international traffic decreasing by 3.4% and domestic traffic by 2.1% [2][4] - Puerto Rico reported a 3.3% decrease in total passenger traffic, with a 9.2% increase in international traffic and a 5.1% decline in domestic traffic [2][4] Detailed Traffic Figures - In June 2025, Mexico's total passenger traffic was 3,263,212, down from 3,357,243 in June 2024, with year-to-date figures showing a decrease of 3.4% [4][6] - Colombia's total passenger traffic for June 2025 was 1,474,224, up from 1,448,982 in June 2024, with a year-to-date increase of 3.6% [4][6] - San Juan, Puerto Rico, had a total passenger traffic of 1,254,753 in June 2025, down from 1,297,862 in June 2024, but year-to-date figures showed an increase of 6.8% [4][6] Company Overview - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia, with a significant presence in the Caribbean and Latin America [7] - The company is also a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico [7]

Group 1 - Fairfax Financial Holdings Limited has appointed Mr. Amitabh Kant as a Senior Advisor, bringing over four decades of public service experience and expertise in economic development and innovation [1][2] - The company anticipates significant opportunities in India as it aims to transition from a $4 trillion economy to a $30+ trillion economy by 2047, particularly through the "Viksit Bharat" initiative [2][3] - Fairfax and its affiliate, Fairfax India, are already invested in critical sectors such as infrastructure, urbanization, financial services, logistics, and mobility, which are essential for India's economic transformation [2][3] Group 2 - Mr. Kant played a pivotal role during India's G20 presidency, focusing on digital public infrastructure, climate finance, and multilateral reform, and has a history of unifying stakeholders for development goals [3] - His leadership in initiatives like the Aspirational Districts Programme and reforms under the Make in India and Startup India campaigns significantly improved India's Ease of Doing Business rankings by 79 places [3] - The company values Mr. Kant's integrity and alignment with its core values, aiming to enhance long-term objectives and deliver lasting value for investors and stakeholders [4]

Core Insights - The article emphasizes the importance of efficiency levels in assessing a company's potential for profitability, with a high efficiency level correlating positively with price performance [1] Efficiency Ratios - The article identifies key efficiency ratios for stock selection, including Receivables Turnover, Asset Utilization, Inventory Turnover, and Operating Margin, which help gauge a company's ability to manage credit, assets, inventory, and operating expenses effectively [2][3][4][5] - A high Receivables Turnover ratio indicates a company's capability to collect debts efficiently, reflecting quality customer relationships [2] - Asset Utilization measures how well a company converts its assets into sales, with higher values indicating better efficiency [3] - Inventory Turnover assesses a company's ability to manage inventory relative to its cost of goods sold, with high values suggesting effective inventory management [4] - Operating Margin reflects a company's control over operating expenses, with higher ratios indicating more efficient expense management compared to peers [5] Screening Criteria - The screening process for identifying stocks includes a favorable Zacks Rank of 1 (Strong Buy) alongside the efficiency ratios, narrowing down the stock universe from over 7,906 to just 10 [6][7] - The top five stocks identified for superior efficiency metrics are Grupo Aeroportuario del Sureste, International Seaways, BioCryst Pharmaceuticals, Ardmore Shipping, and Red Robin Gourmet Burgers, all of which have positive earnings surprises over the last four quarters [7] Company Highlights - Grupo Aeroportuario del Sureste operates airports in Mexico and has an average four-quarter earnings surprise of 18.4% [8] - International Seaways provides energy transportation services and has an average four-quarter earnings surprise of 17.4% [9] - BioCryst Pharmaceuticals specializes in drug design for various diseases, with an average four-quarter earnings surprise of 12.9% [10] - Ardmore Shipping offers seaborne transportation of petroleum products, achieving an average four-quarter earnings surprise of 5.2% [11] - Red Robin Gourmet Burgers is a casual dining chain with an average four-quarter earnings surprise of 3.1% [12]

Summary of Key Points Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has completed the ordinary review process for maximum passenger tariffs and committed investments for the Capital Development Program at Montego Bay for the period 2026-2030 [1]. Group 1: Tariffs and Investments - The maximum passenger charges for Montego Bay airport are set to increase from $17.38 in 2026 to $19.07 in 2030, reflecting a gradual annual increase [1]. - The total committed investments for Montego Bay airport under the Capital Development Program amount to $118.1 million, with specific allocations of $38.4 million in 2026, $39.4 million in 2027, $18.4 million in 2028, $11.6 million in 2029, and $10.3 million in 2030 [1]. Group 2: Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as tourist destinations such as Puerto Vallarta and Los Cabos [2]. - GAP was listed on the New York Stock Exchange in February 2006 and acquired a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Montego Bay, Jamaica, in April 2015 [2]. - The company entered into a concession agreement for the Norman Manley International Airport in Kingston, Jamaica, in October 2018 and took control of operations in October 2019 [2].

Core Points - Grupo Aeroportuario del Pacífico (GAP) has completed the ordinary review process for maximum tariffs per passenger and committed investments for Kingston Airport for the 2026-2030 period [1] - The maximum passenger charges for Kingston Airport will increase from $38.18 in 2026 to $60.10 in 2030 [1] - The total committed investments under the Capital Development Program for Kingston Airport amount to $85.2 million, with scheduled investments of $45.8 million in 2026, $23.4 million in 2028, and smaller amounts in other years [1] Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations such as Puerto Vallarta and Los Cabos [2] - The company was listed on the New York Stock Exchange in February 2006 and on the Mexican Stock Exchange [2] - GAP acquired a majority stake in MBJ Airports Limited in April 2015 and entered into a concession agreement for Norman Manley International Airport in Kingston, Jamaica, in October 2018 [2]

Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB ) is a company that no longer needs to prove anything: it manages 13 airports in Mexico –including the one in Monterrey, one of the most important outside the capital, and is strategically located in theI am an individual investor with over five years of experience in personal investing, holding a PhD in Economics from UCEMA. My investment approach focuses on value companies with solid long-term potential. I share my knowledge with the community by offering ...

June 6, 2025 12:02 AM GMT OMA | Latin America M Update May Traffic: Tracking Slightly Above 2Q Expectations Source: Company Data, Morgan Stanley Research Exhibit 2: Traffic Y/Y Change 0.6% 0.4% -5.0%-5.4% 0.6% -2.4% -4.2% -6.6% -5.2%-4.8% 9.9% 9.1% 9.9% 5.2% 11.8% 18.8% 6.9% -8.0% -4.0% 0.0% 4.0% 8.0% 12.0% 16.0% 20.0% 24.0% Source: Company data, Morgan Stanley Research Morgan Stanley México, Casa de Bolsa, S.A. de C.V.+ OMA's total passenger traffic increased 6.9% Y/Y in May, outperforming both GAP (+2.9%) ...

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 2.9% increase in total terminal passenger traffic for May 2025 compared to May 2024, with notable growth at several airports [2][3] - The total number of terminal passengers across GAP's 12 airports reached 3,054.5 thousand in May 2025, up from 2,917.0 thousand in May 2024, marking a 4.7% increase [3][6] Passenger Traffic Summary - Tijuana, Los Cabos, Puerto Vallarta, and Guadalajara airports saw increases in passenger traffic of 3.4%, 1.1%, 0.9%, and 1.1% respectively [2][3] - Montego Bay experienced a decrease in passenger traffic of 1.6% compared to May 2024 [2][3] Year-to-Date Performance - For the January to May 2025 period, total terminal passengers increased by 8.8% to 14,726.5 thousand from 13,531.1 thousand in the same period of 2024 [3][6] - Specific airports such as Puerto Vallarta and Mexicali showed significant year-to-date growth of 14.4% and 15.7% respectively [3][6] Domestic vs. International Passengers - Domestic terminal passengers slightly decreased by 0.2% to 2,113.9 thousand in May 2025 compared to May 2024 [5][6] - International terminal passengers saw a decline of 1.4% at Guadalajara and 9.1% at Los Cabos, while Tijuana experienced a 7.9% increase [5][6] Load Factors and Capacity - The available seats increased by 4.8% in May 2025 compared to May 2024, while load factors decreased from 82.8% to 81.1% [11] - New routes were introduced by Viva, enhancing connectivity between various cities [11] Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations [10] - The company has been publicly traded since February 2006 on both the New York Stock Exchange and the Mexican Stock Exchange [10]