ASUR Announces Total Passenger Traffic for November 2024

Rhea-AI Summary

Grupo Aeroportuario del Sureste (ASUR) reported total passenger traffic of 5.8 million for November 2024, showing a 1.2% decrease compared to November 2023. The performance varied across regions with Puerto Rico growing 8.7% and Colombia increasing 7.7%, while Mexico declined 7.1%.

International traffic showed strong growth in Puerto Rico (+32.1%) and Colombia (+17.1%), while Mexico experienced declines in both domestic (-7.6%) and international (-6.8%) segments. Year-to-date figures show overall positive growth of 1.0% across all operations, with Colombia leading at 11.5% growth.

Positive

• Strong growth in Puerto Rico passenger traffic (+8.7%)
• Significant increase in Colombia's passenger traffic (+7.7%)
• International traffic in Puerto Rico surged by 32.1%
• Colombia's international traffic grew by 17.1%
• Year-to-date total traffic shows positive growth of 1.0%

Negative

• Overall decrease in total passenger traffic by 1.2%
• Mexican operations showed significant decline (-7.1%)
• Cancun, the largest hub, experienced 9.5% traffic decrease
• Mexican domestic traffic declined by 7.6%
• Mexican international traffic fell by 6.8%

Insights

Financial Analyst

The mixed traffic results across ASUR's operations paint a concerning picture, particularly in their key Mexican market. The 7.1% decline in Mexican traffic, especially the 9.5% drop at Cancun Airport, their largest hub, is significant. While Puerto Rico and Colombia showed growth at 8.7% and 7.7% respectively, they represent smaller portions of ASUR's total passenger volume. Year-to-date figures show sustained pressure in Mexico with a 4.6% decline, though the overall network maintains slight growth at 1.0%. The weakness in Cancun, which typically drives ASUR's performance, could impact near-term revenue and profitability.

Market Research Analyst

The divergent performance across regions reflects broader market dynamics. Mexico's decline likely stems from increased competition and capacity shifts in the domestic market. Meanwhile, the robust growth in international traffic at San Juan (32.1%) and Colombia (17.1%) indicates strong tourism recovery and route expansion in these markets. The Rionegro airport in Colombia shows particularly strong momentum with 11.3% total growth. This geographical diversification helps offset Mexican market weakness, though the overall 1.2% traffic decline suggests challenging near-term conditions for ASUR's core operations.

Passenger traffic increased year-on-year by 8.7% in Puerto Rico and 7.7% in Colombia and decreased by 7.1% in Mexico

MEXICO CITY, Dec. 5, 2024 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.  (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for November 2024 reached a total of 5.8 million passengers, representing a decrease of 1.2% compared to November 2023.

Passenger traffic increased by 8.7% in Puerto Rico and 7.7% in Colombia and declined 7.1% in Mexico. Passenger traffic growth in Puerto Rico reported increases of 32.1% in international traffic and 6.0% in domestic traffic. Performance in Colombia was driven by increases of 17.1% in international traffic and 5.3% in domestic traffic, while Mexico, in turn, reported declines in domestic and international traffic of 7.6% and 6.8%, respectively.

All figures in this statement reflect comparisons between the period from November 1 to November 30, 2024, and from November 1 to November 30, 2023. Passengers in transit and general aviation only for Mexico and Colombia.

Passenger Traffic Summary
	November		% Chg		Year to date		% Chg
	2023	2024			2023	2024
Mexico	3,589,109	3,332,533	(7.1)		39,432,574	37,616,931	(4.6)
Domestic Traffic	1,778,526	1,644,222	(7.6)		19,432,014	18,077,861	(7.0)
International Traffic	1,810,583	1,688,311	(6.8)		20,000,560	19,539,070	(2.3)
San Juan, Puerto Rico	956,505	1,039,762	8.7		11,088,144	11,957,972	7.8
Domestic Traffic	856,806	908,051	6.0		9,924,275	10,555,969	6.4
International Traffic	99,699	131,711	32.1		1,163,869	1,402,003	20.5
Colombia	1,308,966	1,409,711	7.7		13,504,921	15,059,316	11.5
Domestic Traffic	1,047,160	1,103,105	5.3		10,830,683	11,793,803	8.9
International Traffic	261,806	306,606	17.1		2,674,238	3,265,513	22.1
Total Traffic	5,854,580	5,782,006	(1.2)		64,025,639	64,634,219	1.0
Domestic Traffic	3,682,492	3,655,378	(0.7)		40,186,972	40,427,633	0.6
International Traffic	2,172,088	2,126,628	(2.1)		23,838,667	24,206,586	1.5

 

Mexico Passenger Traffic
			November		% Chg				Year to date				% Chg
			2023	2024					2023		2024
Domestic Traffic			1,778,526	1,644,222	(7.6)				19,432,014		18,077,861		(7.0)
CUN	Cancun		956,130	834,117	(12.8)				10,880,635		9,362,836		(13.9)
CZM	Cozumel		20,149	22,659	12.5				180,404		225,653		25.1
HUX	Huatulco		58,008	51,733	(10.8)				734,018		642,730		(12.4)
MID	Merida		298,217	285,206	(4.4)				3,036,772		3,022,473		(0.5)
MTT	Minatitlan		11,918	13,393	12.4				121,226		132,114		9.0
OAX	Oaxaca		129,947	138,491	6.6				1,340,131		1,393,159		4.0
TAP	Tapachula		46,725	48,203	3.2				480,117		549,406		14.4
VER	Veracruz		129,572	136,875	5.6				1,424,329		1,426,637		0.2
VSA	Villahermosa		127,860	113,545	(11.2)				1,234,382		1,322,853		7.2
International Traffic			1,810,583	1,688,311	(6.8)				20,000,560		19,539,070		(2.3)
CUN	Cancun		1,698,148	1,567,723	(7.7)				18,848,563		18,245,407		(3.2)
CZM	Cozumel		39,718	27,019	(32.0)				421,344		423,614		0.5
HUX	Huatulco		13,776	15,964	15.9				98,275		124,942		27.1
MID	Merida		26,710	35,371	32.4				293,817		338,277		15.1
MTT	Minatitlan		435	446	2.5				7,133		6,623		(7.1)
OAX	Oaxaca		18,537	26,987	45.6				197,494		229,655		16.3
TAP	Tapachula		910	593	(34.8)				15,398		10,960		(28.8)
VER	Veracruz		9,549	12,257	28.4				92,085		130,902		42.2
VSA	Villahermosa		2,800	1,951	(30.3)				26,451		28,690		8.5
Traffic Total Mexico			3,589,109	3,332,533	(7.1)				39,432,574		37,616,931		(4.6)
CUN	Cancun		2,654,278	2,401,840	(9.5)				29,729,198		27,608,243		(7.1)
CZM	Cozumel		59,867	49,678	(17.0)				601,748		649,267		7.9
HUX	Huatulco		71,784	67,697	(5.7)				832,293		767,672		(7.8)
MID	Merida		324,927	320,577	(1.3)				3,330,589		3,360,750		0.9
MTT	Minatitlan		12,353	13,839	12.0				128,359		138,737		8.1
OAX	Oaxaca		148,484	165,478	11.4				1,537,625		1,622,814		5.5
TAP	Tapachula		47,635	48,796	2.4				495,515		560,366		13.1
VER	Veracruz		139,121	149,132	7.2				1,516,414		1,557,539		2.7
VSA	Villahermosa		130,660	115,496	(11.6)				1,260,833		1,351,543		7.2
US Passenger Traffic, San Juan Airport (LMM)
		November				% Chg			Year to date			% Chg
		2023		2024					2023	2024
SJU Total		956,505		1,039,762		8.7			11,088,144	11,957,972		7.8
Domestic Traffic		856,806		908,051		6.0			9,924,275	10,555,969		6.4
International Traffic		99,699		131,711		32.1			1,163,869	1,402,003		20.5

 

Colombia Passenger Traffic Airplan
		November		% Chg		Year to date		% Chg
		2023	2024			2023	2024
Domestic Traffic		1,047,160	1,103,105	5.3		10,830,683	11,793,803	8.9
MDE	Rionegro	758,011	828,940	9.4		8,015,839	8,842,675	10.3
EOH	Medellin	111,513	94,917	(14.9)		1,123,247	1,106,204	(1.5)
MTR	Monteria	125,866	126,909	0.8		1,159,331	1,329,032	14.6
APO	Carepa	19,293	17,154	(11.1)		188,251	165,749	(12.0)
UIB	Quibdo	30,246	28,757	(4.9)		321,117	307,466	(4.3)
CZU	Corozal	2,231	6,428	188.1		22,898	42,677	86.4
International Traffic		261,806	306,606	17.1		2,674,238	3,265,513	22.1
MDE	Rionegro	261,806	306,606	17.1		2,674,238	3,265,513	22.1
EOH	Medellin
MTR	Monteria	-	-			-	-
APO	Carepa	-	-			-	-
UIB	Quibdo	-	-			-	-
CZU	Corozal	-	-			-	-
Traffic Total Colombia		1,308,966	1,409,711	7.7		13,504,921	15,059,316	11.5
MDE	Rionegro	1,019,817	1,135,546	11.3		10,690,077	12,108,188	13.3
EOH	Medellin	111,513	94,917	(14.9)		1,123,247	1,106,204	(1.5)
MTR	Monteria	125,866	126,909	0.8		1,159,331	1,329,032	14.6
APO	Carepa	19,293	17,154	(11.1)		188,251	165,749	(12.0)
UIB	Quibdo	30,246	28,757	(4.9)		321,117	307,466	(4.3)
CZU	Corozal	2,231	6,428	188.1		22,898	42,677	86.4

 

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 Americas. This comprises nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean and Latin America, and six airports in northern Colombia, including Medellin international airport (Rio Negro), the second busiest in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway for international and mainland-US destinations and was the first, and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx.

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SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.

FAQ

What was ASUR's total passenger traffic in November 2024?

ASUR reported total passenger traffic of 5.8 million passengers in November 2024, representing a 1.2% decrease compared to November 2023.

How did ASUR's Puerto Rico operations perform in November 2024?

ASUR's Puerto Rico operations showed strong growth with an 8.7% increase in total passenger traffic, including a 32.1% increase in international traffic and 6.0% in domestic traffic.

What was the performance of ASUR's Mexican airports in November 2024?

ASUR's Mexican airports experienced a 7.1% decrease in total passenger traffic, with domestic traffic declining 7.6% and international traffic falling 6.8%.

How did ASUR's Colombian operations perform in November 2024?

ASUR's Colombian operations showed positive growth with a 7.7% increase in total passenger traffic, driven by 17.1% growth in international traffic and 5.3% in domestic traffic.