ASUR Announces Total Passenger Traffic for October 2024

Rhea-AI Summary

ASUR reported total passenger traffic of 5.3 million for October 2024, marking a 2.4% decrease compared to October 2023. Performance varied significantly across regions: Colombia showed strong growth with a 20.8% increase, Puerto Rico grew modestly by 1.8%, while Mexico experienced an 11.7% decline. Colombia's growth was driven by increases in both international (16.2%) and domestic (22.1%) traffic. Puerto Rico saw 24.8% growth in international traffic but a slight 0.9% decrease in domestic traffic. Mexico reported declines in both domestic (12.0%) and international (11.2%) traffic.

Positive

• Colombia traffic showed strong growth of 20.8% YoY
• Puerto Rico international traffic increased 24.8% YoY
• Year-to-date total traffic remains positive at 1.2% growth

Negative

• Total passenger traffic decreased 2.4% YoY to 5.3 million
• Mexico traffic declined 11.7% YoY, with both domestic and international segments down
• Cancun, ASUR's largest airport, saw 14.9% decrease in total traffic

Insights

Aviation Industry Analyst

The mixed traffic performance across ASUR's airport portfolio reveals significant regional variations. The 11.7% decline in Mexico traffic, particularly in Cancun (down 14.9%), signals potential headwinds in the company's largest market. However, this is partially offset by robust growth in Colombia (20.8%) and steady performance in Puerto Rico (1.8%).

The year-to-date figures paint a more stable picture, with total traffic up 1.2%. Colombia's strong performance, especially at Rionegro airport with 22.9% growth, demonstrates successful market diversification. The international segment in Puerto Rico shows impressive growth of 24.8%, suggesting increasing tourism and business travel recovery.

Market Research Analyst

The divergent performance across regions reflects changing travel patterns and market dynamics. Mexico's decline, particularly in key tourist destinations like Cancun, could be attributed to increased competition, economic pressures, or shifting tourist preferences. However, Colombia's remarkable growth, especially in domestic travel (22.1%), indicates strong local market conditions and successful route development strategies.

The overall slight decline of 2.4% in monthly passengers shouldn't overshadow the positive year-to-date growth and the company's resilient business model across diverse markets. The expansion in international traffic at secondary airports suggests successful market penetration strategies.

Passenger traffic increased year-on-year by 20.8% in Colombia and 1.8% in Puerto Rico and decreased by 11.7% in Mexico

MEXICO CITY, Nov. 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 October 2024 reached a total of 5.3 million passengers, representing a decrease of 2.4% compared to October 2023.

Passenger traffic increased 20.8% in Colombia and 1.8% in Puerto Rico and declined 11.7% in Mexico. Passenger traffic growth in Colombia was driven by increases of 16.2% in international traffic and 22.1% in domestic traffic, while Puerto Rico reported 24.8% growth in international traffic and a decrease of 0.9% in domestic traffic. Mexico, in turn, reported declines in domestic and international traffic of 12.0% and 11.2%, respectively.

All figures in this statement reflect comparisons between the period from October 1 to October 31, 2024, and from October 1 to October 31, 2023. Passengers in transit and general aviation only for Mexico and Colombia.

Passenger Traffic Summary
	October		% Chg		Year to date		% Chg
	2023	2024			2023	2024
Mexico	3,362,122	2,969,438	(11.7)		35,843,465	34,284,398	(4.3)
Domestic Traffic	1,894,056	1,666,114	(12.0)		17,653,488	16,433,639	(6.9)
International Traffic	1,468,066	1,303,324	(11.2)		18,189,977	17,850,759	(1.9)
San Juan, Puerto Rico	854,665	870,373	1.8		10,131,639	10,918,210	7.8
Domestic Traffic	763,133	756,179	(0.9)		9,067,469	9,647,918	6.4
International Traffic	91,532	114,194	24.8		1,064,170	1,270,292	19.4
Colombia	1,184,726	1,431,424	20.8		12,195,955	13,649,605	11.9
Domestic Traffic	933,499	1,139,395	22.1		9,783,523	10,690,698	9.3
International Traffic	251,227	292,029	16.2		2,412,432	2,958,907	22.7
Total Traffic	5,401,513	5,271,235	(2.4)		58,171,059	58,852,213	1.2
Domestic Traffic	3,590,688	3,561,688	(0.8)		36,504,480	36,772,255	0.7
International Traffic	1,810,825	1,709,547	(5.6)		21,666,579	22,079,958	1.9

 

Mexico Passenger Traffic
		October				% Chg			Year to date					% Chg
		2023		2024					2023			2024
Domestic Traffic		1,894,056		1,666,114		(12.0)			17,653,488			16,433,639		(6.9)
CUN	Cancun	1,070,713		874,782		(18.3)			9,924,505			8,528,719		(14.1)
CZM	Cozumel	17,663		20,136		14.0			160,255			202,994		26.7
HUX	Huatulco	57,572		51,026		(11.4)			676,010			590,997		(12.6)
MID	Merida	292,940		275,870		(5.8)			2,738,555			2,737,267		(0.0)
MTT	Minatitlan	12,023		12,668		5.4			109,308			118,721		8.6
OAX	Oaxaca	135,039		129,089		(4.4)			1,210,184			1,254,668		3.7
TAP	Tapachula	42,662		50,544		18.5			433,392			501,203		15.6
VER	Veracruz	137,705		134,608		(2.2)			1,294,757			1,289,762		(0.4)
VSA	Villahermosa	127,739		117,391		(8.1)			1,106,522			1,209,308		9.3
International Traffic		1,468,066		1,303,324		(11.2)			18,189,977			17,850,759		(1.9)
CUN	Cancun	1,387,565		1,218,036		(12.2)			17,150,415			16,677,684		(2.8)
CZM	Cozumel	24,712		20,313		(17.8)			381,626			396,595		3.9
HUX	Huatulco	4,077		3,677		(9.8)			84,499			108,978		29.0
MID	Merida	22,885		27,884		21.8			267,107			302,906		13.4
MTT	Minatitlan	453		544		20.1			6,698			6,177		(7.8)
OAX	Oaxaca	16,612		18,755		12.9			178,957			202,668		13.2
TAP	Tapachula	1,287		514		(60.1)			14,488			10,367		(28.4)
VER	Veracruz	7,819		11,822		51.2			82,536			118,645		43.7
VSA	Villahermosa	2,656		1,779		(33.0)			23,651			26,739		13.1
Traffic Total Mexico		3,362,122		2,969,438		(11.7)			35,843,465			34,284,398		(4.3)
CUN	Cancun	2,458,278		2,092,818		(14.9)			27,074,920			25,206,403		(6.9)
CZM	Cozumel	42,375		40,449		(4.5)			541,881			599,589		10.6
HUX	Huatulco	61,649		54,703		(11.3)			760,509			699,975		(8.0)
MID	Merida	315,825		303,754		(3.8)			3,005,662			3,040,173		1.1
MTT	Minatitlan	12,476		13,212		5.9			116,006			124,898		7.7
OAX	Oaxaca	151,651		147,844		(2.5)			1,389,141			1,457,336		4.9
TAP	Tapachula	43,949		51,058		16.2			447,880			511,570		14.2
VER	Veracruz	145,524		146,430		0.6			1,377,293			1,408,407		2.3
VSA	Villahermosa	130,395		119,170		(8.6)			1,130,173			1,236,047		9.4
US Passenger Traffic, San Juan Airport (LMM)
			October				% Chg				Year to date				% Chg
			2023		2024						2023		2024
SJU Total			854,665		870,373		1.8				10,131,639		10,918,210		7.8
Domestic Traffic			763,133		756,179		(0.9)				9,067,469		9,647,918		6.4
International Traffic			91,532		114,194		24.8				1,064,170		1,270,292		19.4

 

Colombia Passenger Traffic Airplan
		October		% Chg		Year to date		% Chg
		2023	2024			2023	2024
Domestic Traffic		933,499	1,139,395	22.1		9,783,523	10,690,698	9.3
MDE	Rionegro	685,794	859,849	25.4		7,257,828	8,013,735	10.4
EOH	Medellin	103,732	101,681	(2.0)		1,011,734	1,011,287	(0.0)
MTR	Monteria	95,054	125,472	32.0		1,033,465	1,202,123	16.3
APO	Carepa	17,022	16,478	(3.2)		168,958	148,595	(12.1)
UIB	Quibdo	29,690	29,733	0.1		290,871	278,709	(4.2)
CZU	Corozal	2,207	6,182	180.1		20,667	36,249	75.4
International Traffic		251,227	292,029	16.2		2,412,432	2,958,907	22.7
MDE	Rionegro	251,227	292,029	16.2		2,412,432	2,958,907	22.7
EOH	Medellin
MTR	Monteria	-	-			-	-
APO	Carepa	-	-			-	-
UIB	Quibdo	-	-			-	-
CZU	Corozal	-	-			-	-
Traffic Total Colombia		1,184,726	1,431,424	20.8		12,195,955	13,649,605	11.9
MDE	Rionegro	937,021	1,151,878	22.9		9,670,260	10,972,642	13.5
EOH	Medellin	103,732	101,681	(2.0)		1,011,734	1,011,287	(0.0)
MTR	Monteria	95,054	125,472	32.0		1,033,465	1,202,123	16.3
APO	Carepa	17,022	16,478	(3.2)		168,958	148,595	(12.1)
UIB	Quibdo	29,690	29,733	0.1		290,871	278,709	(4.2)
CZU	Corozal	2,207	6,182	180.1		20,667	36,249	75.4

 

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 October 2024?

ASUR (ASR) reported total passenger traffic of 5.3 million passengers in October 2024, representing a 2.4% decrease compared to October 2023.

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

ASUR's Colombian operations showed strong growth in October 2024, with total passenger traffic increasing 20.8% year-over-year, driven by 22.1% growth in domestic traffic and 16.2% growth in international traffic.

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

ASUR's Mexican airports experienced an 11.7% decline in total passenger traffic in October 2024, with domestic traffic falling 12.0% and international traffic declining 11.2%.