Grupo Aeroportuario del Sureste: Q2 Was Slow, But Earnings Should Take Off In 2027

ASR's Q2 results showed headline growth, but underlying organic revenues were flat, mainly due to Cancun airport softness and external shocks. The pending Motiva acquisition and new JFK terminal should drive significant revenue and EPS growth once completed. ASR's strong balance sheet, diversified portfolio, and new earning assets should position it for robust recovery and above-consensus growth in 2027.