ASUR Announces Total Passenger Traffic for March 2024
- None.
- None.
Insights
The reported increase in passenger traffic for Grupo Aeroportuario del Sureste indicates a positive trend in the aviation sector within its operating regions. The growth in international traffic, particularly in Mexico and Colombia, suggests a recovery in tourism and business travel. This uptick may be partially attributed to seasonal factors, as the Holy Week holiday period shifted from April in 2023 to March in 2024, potentially influencing travel patterns.
Investors should note the mixed performance in domestic traffic, with Mexico experiencing a decline. This could signal a shift in consumer behavior or competitive dynamics within the domestic market. The robust growth in international traffic, however, may compensate for this dip, supporting revenue stability. The data points to a strategic focus on international routes, which could be a deliberate move to capitalize on higher-yielding international passenger segments.
An analysis of the financial implications of the traffic increase reveals potential for higher revenue streams for ASUR, especially from international traffic, which often generates more revenue per passenger due to longer distances and higher spend. The year-to-date growth figures, while modest, are indicative of an upward trajectory that could lead to improved financial performance.
However, the decline in domestic traffic in Mexico, the company's largest market, warrants attention. Investors should consider the potential impact on ancillary revenues, such as parking and retail, which are typically correlated with passenger volumes. The company's ability to manage costs amid fluctuating domestic demand will be critical to maintaining profitability.
The detailed breakdown of traffic by airport and type (domestic vs. international) provides insight into regional market dynamics. For instance, the significant increase in international traffic at Cancun and Cozumel underscores the enduring appeal of these destinations for international tourists. Conversely, the marked decrease in domestic traffic at Cancun may reflect economic factors or increased competition from other modes of transport or destinations.
It is also important to understand the airport-specific factors affecting traffic flows. For example, infrastructure constraints or improvements, route development strategies and changes in airline capacities can all influence passenger numbers. The data suggests that ASUR's diversified portfolio across multiple countries and a mix of tourist and business destinations could mitigate risks associated with regional economic fluctuations or competitive pressures.
Passenger traffic increased year-on-year by
Passenger traffic presented year-on-year increases of
All figures in this statement reflect comparisons between the period from March 1 to March 31, 2024 and from March 1 to March 31, 2023. Consider that Holy Week occurred in 2023 in the month of April and in 2024 it was in the month of March. Passengers in transit and general aviation only for
Passenger Traffic Summary | |||||||
March | % Chg | Year to date | % Chg | ||||
2023 | 2024 | 2023 | 2024 | ||||
3,893,840 | 4,024,853 | 3.4 | 11,073,291 | 11,496,410 | 3.8 | ||
Domestic Traffic | 1,689,638 | 1,575,299 | (6.8) | 4,784,188 | 4,615,085 | (3.5) | |
International Traffic | 2,204,202 | 2,449,554 | 11.1 | 6,289,103 | 6,881,325 | 9.4 | |
1,003,705 | 1,164,522 | 16.0 | 2,907,038 | 3,261,896 | 12.2 | ||
Domestic Traffic | 909,289 | 1,044,523 | 14.9 | 2,641,929 | 2,935,940 | 11.1 | |
International Traffic | 94,416 | 119,999 | 27.1 | 265,109 | 325,956 | 23.0 | |
1,170,420 | 1,280,754 | 9.4 | 3,885,317 | 3,804,230 | (2.1) | ||
Domestic Traffic | 969,642 | 1,004,266 | 3.6 | 3,176,155 | 2,963,460 | (6.7) | |
International Traffic | 200,778 | 276,488 | 37.7 | 709,162 | 840,770 | 18.6 | |
Total Traffic | 6,067,965 | 6,470,129 | 6.6 | 17,865,646 | 18,562,536 | 3.9 | |
Domestic Traffic | 3,568,569 | 3,624,088 | 1.6 | 10,602,272 | 10,514,485 | (0.8) | |
International Traffic | 2,499,396 | 2,846,041 | 13.9 | 7,263,374 | 8,048,051 | 10.8 |
Mexico Passenger Traffic | ||||||||
March | % Chg | Year to date | % Chg | |||||
2023 | 2024 | 2023 | 2024 | |||||
Domestic Traffic | 1,689,638 | 1,575,299 | (6.8) | 4,784,188 | 4,615,085 | (3.5) | ||
CUN | 917,858 | 789,963 | (13.9) | 2,596,480 | 2,319,681 | (10.7) | ||
CZM | 11,613 | 19,643 | 69.1 | 32,041 | 58,503 | 82.6 | ||
HUX | 73,891 | 61,155 | (17.2) | 215,172 | 176,473 | (18.0) | ||
MID | 284,069 | 273,884 | (3.6) | 809,320 | 801,085 | (1.0) | ||
MTT | 8,756 | 9,270 | 5.9 | 25,332 | 28,019 | 10.6 | ||
OAX | 115,438 | 130,284 | 12.9 | 333,826 | 375,196 | 12.4 | ||
TAP | 44,742 | 49,114 | 9.8 | 123,523 | 147,956 | 19.8 | ||
VER | 122,646 | 122,306 | (0.3) | 338,146 | 355,729 | 5.2 | ||
VSA | Villahermosa | 110,625 | 119,680 | 8.2 | 310,348 | 352,443 | 13.6 | |
International Traffic | 2,204,202 | 2,449,554 | 11.1 | 6,289,103 | 6,881,325 | 9.4 | ||
CUN | 2,058,778 | 2,281,525 | 10.8 | 5,888,218 | 6,410,410 | 8.9 | ||
CZM | 61,629 | 73,439 | 19.2 | 158,203 | 190,230 | 20.2 | ||
HUX | 19,925 | 26,988 | 35.4 | 57,362 | 80,429 | 40.2 | ||
MID | 32,796 | 36,341 | 10.8 | 92,741 | 99,148 | 6.9 | ||
MTT | 724 | 517 | (28.6) | 2,053 | 1,592 | (22.5) | ||
OAX | 17,855 | 17,001 | (4.8) | 55,070 | 56,995 | 3.5 | ||
TAP | 2,189 | 824 | (62.4) | 5,687 | 3,606 | (36.6) | ||
VER | 7,916 | 10,338 | 30.6 | 23,170 | 30,711 | 32.5 | ||
VSA | Villahermosa | 2,390 | 2,581 | 8.0 | 6,599 | 8,204 | 24.3 | |
Traffic Total Mexico | 3,893,840 | 4,024,853 | 3.4 | 11,073,291 | 11,496,410 | 3.8 | ||
CUN | 2,976,636 | 3,071,488 | 3.2 | 8,484,698 | 8,730,091 | 2.9 | ||
CZM | 73,242 | 93,082 | 27.1 | 190,244 | 248,733 | 30.7 | ||
HUX | 93,816 | 88,143 | (6.0) | 272,534 | 256,902 | (5.7) | ||
MID | 316,865 | 310,225 | (2.1) | 902,061 | 900,233 | (0.2) | ||
MTT | 9,480 | 9,787 | 3.2 | 27,385 | 29,611 | 8.1 | ||
OAX | 133,293 | 147,285 | 10.5 | 388,896 | 432,191 | 11.1 | ||
TAP | 46,931 | 49,938 | 6.4 | 129,210 | 151,562 | 17.3 | ||
VER | 130,562 | 132,644 | 1.6 | 361,316 | 386,440 | 7.0 | ||
VSA | Villahermosa | 113,015 | 122,261 | 8.2 | 316,947 | 360,647 | 13.8 |
US Passenger Traffic, San Juan Airport (LMM) | |||||||
March | % Chg | Year to date | % Chg | ||||
2023 | 2024 | 2023 | 2024 | ||||
SJU Total | 1,003,705 | 1,164,522 | 16.0 | 2,907,038 | 3,261,896 | 12.2 | |
Domestic Traffic | 909,289 | 1,044,523 | 14.9 | 2,641,929 | 2,935,940 | 11.1 | |
International Traffic | 94,416 | 119,999 | 27.1 | 265,109 | 325,956 | 23.0 |
Colombia Passenger Traffic Airplan | ||||||||
March | % Chg | Year to date | % Chg | |||||
2023 | 2024 | 2023 | 2024 | |||||
Domestic Traffic | 969,642 | 1,004,266 | 3.6 | 3,176,155 | 2,963,460 | (6.7) | ||
MDE | Rionegro | 717,445 | 747,951 | 4.3 | 2,401,054 | 2,166,918 | (9.8) | |
EOH | 98,626 | 97,716 | (0.9) | 275,386 | 303,345 | 10.2 | ||
MTR | Monteria | 105,664 | 115,613 | 9.4 | 359,440 | 361,837 | 0.7 | |
Carepa | 18,246 | 14,029 | (23.1) | 49,631 | 41,601 | (16.2) | ||
UIB | Quibdo | 27,774 | 26,416 | (4.9) | 84,270 | 81,702 | (3.0) | |
CZU | Corozal | 1,887 | 2,541 | 34.7 | 6,374 | 8,057 | 26.4 | |
International Traffic | 200,778 | 276,488 | 37.7 | 709,162 | 840,770 | 18.6 | ||
MDE | Rionegro | 200,778 | 276,488 | 37.7 | 709,162 | 840,770 | 18.6 | |
EOH | ||||||||
MTR | Monteria | - | - | - | - | |||
Carepa | - | - | - | - | ||||
UIB | Quibdo | - | - | - | - | |||
CZU | Corozal | - | - | - | - | |||
Traffic Total Colombia | 1,170,420 | 1,280,754 | 9.4 | 3,885,317 | 3,804,230 | (2.1) | ||
MDE | Rionegro | 918,223 | 1,024,439 | 11.6 | 3,110,216 | 3,007,688 | (3.3) | |
EOH | 98,626 | 97,716 | (0.9) | 275,386 | 303,345 | 10.2 | ||
MTR | Monteria | 105,664 | 115,613 | 9.4 | 359,440 | 361,837 | 0.7 | |
Carepa | 18,246 | 14,029 | (23.1) | 49,631 | 41,601 | (16.2) | ||
UIB | Quibdo | 27,774 | 26,416 | (4.9) | 84,270 | 81,702 | (3.0) | |
CZU | Corozal | 1,887 | 2,541 | 34.7 | 6,374 | 8,057 | 26.4 |
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain and develop 16 airports in the
View original content:https://www.prnewswire.com/news-releases/asur-announces-total-passenger-traffic-for-march-2024-302110851.html
SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.
FAQ
What is the percentage increase in passenger traffic for Grupo Aeroportuario del Sureste (ASR) in March 2024 compared to March 2023?
Which regions experienced significant passenger traffic growth according to the PR?
What drove the passenger traffic growth in Mexico according to the PR?
How did Puerto Rico's passenger traffic split between domestic and international traffic?