The Mexican government has announced that it has reached an agreement with private airport operators to make adjustments in tariff regulations and increase concession fees. The agreement includes Grupo Aeroportuario del Sureste (Asur), Grupo Aeroportuario del Pacífico (GAP), and Grupo Aeroportuario Centro Norte (OMA), which operate some of Mexico’s busiest airports.
The current tariff regulations and fees have remained unchanged since 2000, despite the dynamic changes in the aviation sector over the years. As part of the agreement, concession fees will be increased from 5% to 9% of the airport groups’ gross income.
According to the Infrastructure, Communications and Transport ministry, these changes aim to benefit travelers by reducing the cost of airport services that have an impact on airfares. It assures that these adjustments will not have a negative effect on the financial or operating situation of the airport groups.
The impact of these changes on the airport groups remains uncertain. However, Citi Research analyst Stephen Trent suggests that any extra revenue generated could potentially be used to fund other aspects of Mexico’s aviation system.
Following the announcement of these impending changes, shares in the airport groups experienced a sharp decline earlier this month. Asur shares were down 2.2%, GAP shares were down 2.9%, and OMA shares were slightly up by 0.1% on Thursday.
In conclusion, this agreement between the Mexican government and private airport operators marks a significant development in the aviation sector. The adjustments in tariff regulations and increase in concession fees seek to improve the overall cost of airport services while ensuring the financial stability of the airport groups.