Grupo Aeroportuario dl Sureste SAB CV (ASR) Capitalizing on Robust Passenger Traffic in Latin America

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) is one of the best mid-cap value stocks to buy right now. On August 5, the company announced that passenger traffic for July was up 1.5% year-over-year, reaching 6.5 million.

The increase was driven by a 3.5% passenger increase in Colombia and a 2.0% increase in Mexico that helped offset a 1.9% decrease in Puerto Rico. The increase in the two markets was also driven by growth in International and Domestic travel. Increased passenger traffic positions the company to generate more revenue from passenger fees and landing charges.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) is a well-established international airport operator that maintains and develops 16 airports across the Americas. It generates revenue from aeronautical charges, such as passenger fees and landing charges, as well as non-aeronautical services, including retail leases, food and beverage concessions, and advertising within the terminals.

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Disclosure: None. This article is originally published at Insider Monkey.