OMA, GAP, ASUR, Aeromexico and Volaris "loss of land" in BMV after consultation

In accordance with the negative sentiment generated in the Mexican Stock Exchange (BMV) the result of the citizen consultation on the New Mexico International Airport, in which the Santa Lucia option over Texcoco triumphed, the titles of the airport groups of the North Central (OMA)of Pacific (GAP) and the Southeast (ASUR) They are the most punished of the session of this Monday.

Until 12:50 pm from Mexico, they lost respectively 7.6%, 4.5% and 3.4% of their value compared to their closing level on Friday at 110.52, 174.24 and 321.89 pesos, in the same order.

"The airport groups are the most punished stations for the cancellation exhibition at the New Mexico International Airport (NAIM) because they hoped to benefit from the link with this project," explained Roberto Solano. , analyst Brokerage Monex.

In an analysis in July of this year, the broker UBS He added that if the construction of Texcoco airport was canceled, the OMA would be the most affected by 2022, by which date it is estimated that Mexico City International Airport (AICM) reaches its maximum saturation point – as 41% of the passengers it drives come from routes to and from Mexico City.

For its part, Rafael Camacho, analyst See more BrokerageHe said that in general, the markets arouse a negative feeling, affecting companies related to the aviation sector, including airport groups and airlines.

"The OMA – which handles among other things the airports of Monterrey and Acapulco – is the group of airports most affected because it also depends more on the domestic passage," added the expert.

Airlines suffer for the dollar

In addition to the airport groups, at 12:50 pm, the actions of Aeromexico and Volaris recorded respective losses of 7.1 and 5.2% in a negotiation at 22.27 and 13.01 pesos, in the same order.

Analysts also said that the depreciation of the peso against the dollar would have the hope of seeing their connections multiply and that the expansion of the road would not have been expanded.

For the moment, the interbank dollar is trading at 20.0502 pesos, which is 3.56% higher than its Friday level.

It should be noted that about 60% of airline costs and expenses are in dollars (including fuel, aircraft maintenance and aircraft leasing, among others), which could continue to put pressure on the margins of these companies.