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From the Blogosphere
ASR Shows No Improvements – Analyst Blog
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Last week, Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) announced a decrease of 7.2% in total passenger traffic for October, compared to the year-ago period.
Domestic passenger traffic decreased 6.5%, while international passenger traffic decreased 8.1% compared to October 2008.
The decline in international passenger traffic resulted mainly from a decline of 31.31% in international traffic at the Cancun airport, main touristic attraction. The 21.63% decline in domestic passenger traffic resulted mainly from declines of 29.77%, 17.41%, 26.17%, 30.56% and 62.66% at the Merida , Can...
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OMAB Passenger Traffic Down 12.4% – Analyst Blog
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Last week, Grupo Aeroportuario del Centro Norte S.A. de C.V. (OMAB) announced a decrease of 12.4% in total passenger traffic for October, compared to the year-ago period.
Domestic passenger traffic decreased 11.6%, while international passenger traffic decreased 17% compared to October 2008.
The decline in domestic passenger traffic resulted mainly from the suspension of Aviacsa (suspended since July 6, 2009), the departure from the markets of Alma and Aladia, and a reduction in traffic on Interjet and Magnicharter. The Monterrey, Acapulco, and Ciudad Juarez airports also had the largest ...
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Grupo Aeroportuario Descends – Analyst Blog
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Last week, Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (PAC) reported gloomy results for the third quarter ended September 30, 2009.
During the quarter, revenues declined 4.8% year over year and reached MXN$40.2 million. The decrease was primarily due to the decrease in aeronautical revenues. Revenues from aeronautical services declined 5.8% and reached MXN$37.8 million, mainly as a result of a decline of MXN$42.4 million in passenger charges, which was offset by an increase in airplane landing fees and airplane parking fees. Non-aeronautical service declined 1.3% to MXN$2.3 million.
Cos...
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Marijuana, LSD, and Cocaine are now Legal in Mexico: Will it Help the Mexican Ecomony?
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Now that Mexico has decriminalized marijuana, LSD, heroin, methamphetamine, and cocaine in small quantities, investors are taking a closer look at companies that may benefit from the increased Mexican tourist trade. On Monday, August 24, laws were passed in Mexico to very little fanfare which eliminated crimes for possession of small amounts of these substances. Now individuals can possess up to a half-gram of cocaine and 40 grams of marijuana. The reasoning behind this change was that crackdowns didn't seem to reduce the violence and deaths from the war on drugs.
Back in January of this ye...
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Swine Flu Stocks Watchlist
Once again swine flu is causing headlines and the mobilization of health professionals and the government in combating it. Again? In 1976 President Gerald Ford put into motion a massive vaccination effort to halt the spread of swine flu on the advice of medical experts. About 40 million Americans were inoculated before the program was stopped. While death is tragic, it isn’t helpful to sensationalize what is happening. For example: <><>…CDC scientists estimate that an average of 36,000 people (up from 20,000 in previous estimates) die from influenza-related complications each year in the United<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< /><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< /><>< />< />...
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