• COLLAPSE: Two of the three largest airport operators in Mexico posted historic air traffic declines in April stemming from the coronavirus shock including a 97.1% fall at the Caribbean resort of Cancún and a 93.2% drop at the industrial city of Monterrey when compared to April 2019.
• REPORTS: Hit by the disruptions in the travel industry due to the global pandemic, the two Mexican airport groups (ASUR and OMA) posted air traffic declines in all airports. Only in Cancún, the number of passengers last April was less than 66,000 while in April 2019 was 2.2 million, ASUR reported.
• EMERGENCY: “(This) is mainly the result of measures implemented by the health emergency…as well as the consequent significant reduction in supply of seats by the airlines that operate in our airports”, said OMA airport group which manages the Monterrey airport.
• EXPECTATION: Some individual investors -like the Laurentian Research group- are expecting that the Monterrey airport could potentially gain traffic due to the possible reshoring of US manufacturing from China and from the implementation of the new regional trade agreement (USMCA).
