Latin America Airports: Elevating OMA And Demoting Corp America
Steve Trent
July 14, 2026
Mexican airports underperforming reits and Bolsa – but this may just be temporary.
All Reports
US Aviation: When Is A Window Seat, Actually A Window Seat?
Steve Trent
July 9, 2026
What’s bad for the passenger used to be good for the shareholder. That’s no longer true.
The Eye In The Sky: Still Positive On Delta, But Elevating AAL Over DAL
Steve Trent
July 2, 2026
Elevating American Airlines over Delta
Reserving Judgment On CAAP’s Inframerica Amended Agreement
Steve Trent
June 28, 2026
Too early to draw conclusions: SDT Capital Advisors reserves judgment on CAAP’s amended agreement to its Inframerica subsidiary, including the potential addition of ten Brazilian regional airports into its concession portfolio. On one hand, the switch to a variable concession fee for Brasilia airport, in conjunction with incremental investments into that entity, potentially supports higher returns. On the other, just three airlines – Azul, LATAM Airlines and privately held GOL, control ca. 99% of Brazil’s
Latin American Airport Operators: Elevating ASUR
Steve Trent
June 24, 2026
ASUR to top spot: ASUR’s recent underperformance, its attractive EV/passenger valuation, the possibility of a continued, quiet El Niño-driven Atlantic Hurricane season and Tuesday evening’s announcements, prompt us to elevate the shares into the first position. Although GAP continues to show the most impressive EBIT to operational cash flow conversion in the quartet of publicly traded Latin America-based airport operators, valuation and a modest outperformance vs. ASUR also prompt this adjustment. ASUR internalizes tech asst
The Eye In The Sky: Indigo Partners’ Carriers In The Spotlight
Steve Trent
June 17, 2026
Frontier and Volaris are top one-month performers, but the latter rally seems to have better, fundamental foundation.
