Core Insights - Passenger traffic for Grupo Aeroportuario del Sureste (ASUR) in September 2025 reached 4.8 million, a decrease of 1.4% compared to September 2024 [1][4] - Year-over-year passenger traffic increased by 3.2% in Colombia and 1.6% in Puerto Rico, while it decreased by 4.5% in Mexico [2][4] Passenger Traffic Summary - **Mexico**: - Total passenger traffic decreased from 2,728,720 in September 2024 to 2,605,717 in September 2025, a decline of 4.5% [4] - Domestic traffic decreased by 3.1% and international traffic decreased by 6.5% [4][5] - **Puerto Rico**: - Total passenger traffic increased from 773,296 in September 2024 to 785,846 in September 2025, an increase of 1.6% [4] - International traffic saw a significant increase of 16.1%, while domestic traffic decreased by 0.5% [2][4] - **Colombia**: - Total passenger traffic increased from 1,352,202 in September 2024 to 1,395,261 in September 2025, a rise of 3.2% [4] - International traffic increased by 10.0%, while domestic traffic rose by 1.4% [2][4] Year-to-Date Performance - **Mexico**: Year-to-date passenger traffic decreased by 2.7% from 31,314,960 in 2024 to 30,481,397 in 2025 [4] - **Puerto Rico**: Year-to-date traffic increased by 4.9% from 10,047,837 in 2024 to 10,543,332 in 2025 [4] - **Colombia**: Year-to-date traffic increased by 3.4% from 12,218,181 in 2024 to 12,635,396 in 2025 [4] Company Overview - Grupo Aeroportuario del Sureste (ASUR) operates 16 airports across the Americas, including major airports in Mexico and Colombia, and is a key player in the airport management sector [8]

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 1.0% increase in total terminal passenger traffic across its 12 Mexican airports for September 2025 compared to September 2024 [2][3] - The overall passenger traffic for the year-to-date (January to September) increased by 6.4% compared to the same period in 2024 [3] Passenger Traffic Summary - **Total Terminal Passengers**: - September 2025: 2,821.1 thousand, up from 2,731.9 thousand in September 2024, representing a 3.3% increase [3] - Year-to-date (Jan-Sep 2025): 27,071.6 thousand, compared to 25,452.6 thousand in 2024, a 6.4% increase [3] - **Domestic Terminal Passengers**: - September 2025: 1,580.8 thousand, down from 1,632.4 thousand in September 2024, a decrease of 3.2% [5] - Year-to-date (Jan-Sep 2025): 20,736.8 thousand, slightly up from 20,684.7 thousand in 2024, a 0.3% increase [5] - **International Terminal Passengers**: - September 2025: 1,240.3 thousand, down from 1,188.8 thousand in September 2024, a decrease of 4.2% [5] - Year-to-date (Jan-Sep 2025): 6,334.8 thousand, compared to 6,267.5 thousand in 2024, a 1.1% increase [5] Airport-Specific Performance - **Guadalajara Airport**: - September 2025: 990.4 thousand, up 1.3% from 977.6 thousand in September 2024 [3] - Year-to-date (Jan-Sep 2025): 9,295.2 thousand, a 5.9% increase from 8,779.7 thousand in 2024 [3] - **Tijuana Airport**: - September 2025: 675.4 thousand, a 2.2% increase from 660.8 thousand in September 2024 [3] - Year-to-date (Jan-Sep 2025): 6,434.0 thousand, a 2.3% increase from 6,288.3 thousand in 2024 [3] - **Los Cabos Airport**: - September 2025: 208.4 thousand, down 5.7% from 220.9 thousand in September 2024 [3] - Year-to-date (Jan-Sep 2025): 2,170.7 thousand, a 2.4% increase from 2,119.7 thousand in 2024 [3] - **Puerto Vallarta Airport**: - September 2025: 235.2 thousand, a 7.4% increase from 219.0 thousand in September 2024 [3] - Year-to-date (Jan-Sep 2025): 2,354.6 thousand, an 11.0% increase from 2,121.6 thousand in 2024 [3] Operational Metrics - **Seats and Load Factors**: - Available seats in September 2025 increased by 1.3% compared to September 2024 [9] - Load factors decreased from 81.0% in September 2024 to 80.7% in September 2025 [9]

Notice is hereby given of an Extraordinary General Meeting of Copenhagen Airports A/S to be held on Thursday, 23 October 2025 at 11:00 am (CEST). The notice, including the agenda and the full text of the proposed resolutions is attached. COPENHAGEN AIRPORTS A/S P.O. Box 74 Lufthavnsboulevarden 6 DK-2770 Kastrup Telephone: +45 32312800 E-mail: cphpresse@cph.dk www.cph.dk CVR no. 14 70 72 04 Attachment Copenhagen Airports A_S - EGM Notice 2025 (01.10.2025) ...

Group 1 - The Kingdom of Denmark, through the Ministry of Finance, has acquired a controlling shareholding in Copenhagen Airports A/S [2] - The Ministry of Finance is required to make a mandatory tender offer to the remaining shareholders of Copenhagen Airports A/S within four weeks [2] - This action is in accordance with Section 45 of Consolidated Act no. 652 of 10 June 2025 on Capital Markets and Section 3(1) of Executive Order no. 614 of 2 June 2025 on Takeover Bids [2]

In July, I published an article where I said that the biggest challenge for Corporación América Airports (NYSE: CAAP ) was to get rid of the "Argentine risk premium" that the marketI 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 analysis to support individual investors. My articles reflect personal o ...

Core Insights - Hyderabad airport has registered the fastest growth in international cargo volume among major airports in FY 2025, driven by high-value pharmaceutical product exports [1] - The airport aims to sustain growth through enhanced air connectivity and a diversified product mix, including perishables and electronic goods [2] Cargo Terminal Expansion - The existing cargo terminal is being expanded, and a second terminal is being added to handle 50,000 tonnes of cargo [3] - A dedicated facility for perishable product exports is being constructed with a handling capacity of 25,000 tonnes [3] Perishable Exports Facility - The new facility will include dedicated chambers for meat, fish, flowers, fruits, and vegetables to ensure temperature integrity and avoid cross-contamination [4] - There are plans to explore the establishment of an irradiation facility and pack house to support perishable exports [4] Competitive Positioning - The airport aims to compete with Mumbai and Bengaluru for a larger share of exports from Southern India, reducing transportation costs for agents and shippers [5] - Direct exports from Telangana and Andhra Pradesh are expected to be enabled through these initiatives [5] Air Traffic Growth - Compared to the pre-COVID period, there has been a 19% growth in international air traffic movements, with a 47% increase in the number of new international destinations [6] - KLM Royal Dutch Airlines has initiated thrice-weekly flights from Amsterdam, and Cathay Pacific is increasing its Hong Kong flights to daily service [7] Freighter Movements and Capacity - In FY 2025, the airport handled around 1,000 freighter movements, with a 15% increase in freighter capacity to the Middle East, Europe, and Africa [8] - Passenger belly capacity has also increased by 12%, supporting the growth of cargo capacity requirements [8] Loyalty Program for Freight Forwarders - A loyalty program for freight forwarders has been launched, offering priority cargo handling, demurrage waivers, and loyalty rewards [9] Export Market Context - India's merchandise exports grew by 2.5% year-on-year from April to August, with exports to the US rising by 18% during this period [10] - However, there was a month-on-month decline of 14% in exports to the US due to the imposition of an additional 25% tariff on Indian exports [10]

Group 1 - The company Grupo Aeroportuario del Pacífico (GAP) has refinanced a USD $40.0 million credit line with Banco Nacional de México for a five-year term, maturing on September 18, 2030 [1] - The interest on the new credit line will be paid monthly at a variable rate equivalent to SOFR plus 81 basis points, with no additional commissions [1] Group 2 - GAP 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] - The company was listed on the New York Stock Exchange in February 2006 and acquired a majority stake in MBJ Airports Limited in April 2015 [2] - GAP entered into a concession agreement for the Norman Manley International Airport in Jamaica in October 2018 and took control of operations in October 2019 [2]

Core Insights - Corporación América Airports S.A. reported a 10.2% year-on-year increase in passenger traffic for August 2025, indicating strong growth in the aviation sector [1] Passenger Traffic Highlights - Domestic passengers reached 3,963 thousand in August 2025, up from 3,590 thousand in August 2024, reflecting a 10.4% increase [1] - Year-to-date (YTD) domestic passengers for 2025 totaled 29,020 thousand, compared to 26,589 thousand in 2024, marking a 9.1% increase [1] Cargo Volume and Aircraft Movements - The report includes statistics on cargo volume and aircraft movements, although specific figures were not detailed in the provided excerpt [1]

Market Overview - Markets rebounded in Q2 2025 after a correction in Q1, overcoming tariff concerns and geopolitical tensions, with solid gains reported [2] - The U.S.-China trade situation improved, leading to lower tariffs and increased exports of rare earth metals from China to the U.S. [2] - The end of a conflict between Israel and Iran in June further supported market sentiment [2] Infrastructure Performance - Listed infrastructure showed resilience during market volatility, outperforming the broader market in April and maintaining stability through May and June [3] - Western Europe emerged as the strongest regional performer, benefiting from interest rate cuts by the European Central Bank and Germany's fiscal stimulus focused on infrastructure spending [4] Key Contributors - E.On, a leading German electric utility, was the top performer in Western Europe, supported by structural reforms and significant grid investment potential [5] - French toll road operator Vinci also performed well, aided by positive operational momentum and significant free cash flow generation [6] Detractors - U.S. energy infrastructure company ONEOK and Canadian company Pembina Pipeline were the largest detractors, primarily due to OPEC+ decisions affecting oil prices [7] - Pembina Pipeline's performance was impacted by market concerns over toll renegotiations, although it remains a leader in the growing Western Canadian Sedimentary Basin [8] Outlook - The current environment is characterized by volatility, but confidence remains in utility and infrastructure assets for generating consistent cash flows [9] - Infrastructure investments are expected to benefit from inflation pass-through mechanisms, with approximately 90% of the portfolio linked to such mechanisms [9] Portfolio Highlights - The strategy saw positive contributions from six out of seven sectors, with electric utilities, airports, water, and toll roads being the top contributors [13] - The top individual stock contributors included Constellation Energy, E.On, Severn Trent, SSE, and Vinci, while ONEOK and Pembina Pipeline were the main detractors [14]

Core Insights - Grupo Aeroportuario del Pacífico (GAP) reported a 3.3% increase in total terminal passenger traffic across its 12 Mexican airports in August 2025 compared to August 2024 [2][3] - The total number of terminal passengers for August 2025 reached approximately 3.28 million, up from 3.12 million in August 2024 [3][6] - The year-to-date passenger traffic from January to August 2025 increased by 6.7% compared to the same period in 2024, totaling approximately 24.25 million passengers [3][6] Passenger Traffic by Airport - Guadalajara airport saw a 4.7% increase in passenger traffic, with 1.1 million passengers in August 2025 compared to 1.05 million in August 2024 [3][7] - Puerto Vallarta experienced the highest growth at 12.8%, with 314,000 passengers in August 2025 [3][7] - Tijuana airport reported a slight decrease of 1.6%, with 785,600 passengers in August 2025 [3][7] Domestic and International Passenger Trends - Domestic terminal passengers increased by 0.8% to approximately 2.15 million in August 2025 [5][6] - International terminal passengers decreased by 6.3% at Puerto Vallarta and 6.8% at Tijuana, while Montego Bay saw a 5.3% increase [5][6] Load Factors and Capacity - Available seats in August 2025 increased by 3.6% compared to August 2024, while load factors slightly decreased from 84.3% to 84.0% [9] - The overall capacity utilization remains stable despite the increase in available seats [9] 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]