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Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares - ASR STOCK NEWS

Welcome to our dedicated page for Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares news (Ticker: ASR), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares stock.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a prominent airport operator headquartered in Mexico City, Mexico. ASUR is listed both on the Mexican Bolsa (ASUR) and on the NYSE (ASR). The company manages a portfolio of 16 airports across the Americas, with nine in southeast Mexico, including the renowned Cancun Airport, and six in northern Colombia. ASUR also holds a 60% stake in Aerostar Airport Holdings, which operates the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.

As the third-largest airport services provider by passenger traffic in Mexico, ASUR generates the majority of its revenue from the Cancun segment. The company's business model includes operating, maintaining, and developing airport facilities, ensuring efficient and high-quality service for passengers and cargo.

ASUR has recently reported its financial results for various periods, demonstrating its robust financial health and growth. For example, the results for the three-month period ending March 31, 2024, were announced on April 22, 2024. The company also held earnings calls to discuss its performance and future outlook, emphasizing its transparency and commitment to investor relations.

ASUR's operations are regulated by concession agreements with the Mexican government, which include provisions for periodic amendments to tariff regulations. These adjustments ensure that the company remains compliant with legal and regulatory standards while optimizing its financial performance.

One of ASUR's key achievements is its inclusion in the Dow Jones Sustainability Emerging Markets Index (DJSI EM), highlighting its commitment to sustainable and responsible business practices. The company continues to explore opportunities for expansion and improvement, with approved development programs for its Mexican concessions for 2024-2028.

For more information, visit ASUR's official website.

News

ASUR Announces Resolutions Approved at the General Annual Ordinary Shareholders' Meeting held on April 24th, 2024

Rhea-AI Summary
ASUR announces resolutions approved at the General Annual Ordinary Shareholders' Meeting held on April 24th, 2024. Shareholders approved key reports, financial statements, dividends, and appointments. The company will pay an ordinary and extraordinary cash dividend, set aside profits for share repurchases, and approved compensation for management bodies.
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ASUR Reports 1Q24 Financial Results

Rhea-AI Summary
Grupo Aeroportuario del Sureste (ASUR) reported a 3.9% YoY increase in total passenger traffic in 1Q24, with revenues up by 15.3% and an increase in EBITDA by 13.1%. ASUR also published its Sustainability Report 2023 and filed its Annual Report 2023. Mexico saw a 3.8% increase in passenger traffic, while Puerto Rico had a 12.2% increase. Colombia, however, experienced a 2.1% decrease due to the suspension of operations of two airlines. Consolidated commercial revenue per passenger increased to Ps.124.9, with a cash and equivalents balance of Ps.16,822.9 million and a Net Debt to EBITDA LTM at negative 0.3x.
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ASUR Files Form 20-F 2023 with the U.S. Securities and Exchange Commissionand Publishes Sustainability Report 2023

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Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) has filed its Form 20-F 2023 with the U.S. Securities and Exchange Commission and published its Sustainability Report 2023, showcasing its environmental, social, and governance performance.
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ASUR Announces Total Passenger Traffic for March 2024

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Grupo Aeroportuario del Sureste (ASR) reports a 6.6% increase in passenger traffic for March 2024 compared to March 2023, with notable growth in Mexico, Puerto Rico, and Colombia. International traffic drove Mexico's growth, while Puerto Rico saw increases in both domestic and international traffic. Colombia reported growth in both segments as well.
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ASUR Calls for a Shareholders' Meeting

Rhea-AI Summary
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) announces its General Annual Ordinary Shareholders' Meeting on April 24th, 2024, with an agenda covering financial reports, dividend proposals, share repurchase plans, and board appointments.
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ASUR Announces Total Passenger Traffic for February 2024

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Grupo Aeroportuario del Sureste (ASR) reports a 4.8% increase in passenger traffic for February 2024, with significant growth in Mexico and Puerto Rico but a decline in Colombia. Mexico saw a 5.7% increase driven by international traffic, while Puerto Rico experienced a 12.6% rise. Colombia's traffic dropped by 3.4% due to the suspension of local airlines.
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ASUR Reports 4Q23 Financial Results

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Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) reported a 1.1% YoY increase in total passenger traffic for 4Q23, with revenue declining by 5.5%. The company's EBITDA dropped by 5.8%, and adjusted EBITDA margin decreased to 67.7% from 75.3% in 4Q22. Despite revenue declines, excluding construction revenue, revenue increased by 4.8% compared to 4Q22. Cash and equivalents stood at Ps.15,691.8 million at year-end.
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ASUR Announces Total Passenger Traffic for January 2024

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Grupo Aeroportuario del Sureste (ASR) reports a 0.5% increase in passenger traffic for January 2024, with a 2.6% increase in Mexico and an 8.2% increase in Puerto Rico. However, passenger traffic in Colombia decreased by 10.1%. International traffic growth in Mexico and Puerto Rico drove the increases, while domestic traffic faced declines. The suspension of operations of two local airlines in Colombia negatively impacted domestic traffic. A total of 6.3 million passengers were served in January 2024.
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ASUR Announces Total Passenger Traffic for December 2023

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Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) announced that passenger traffic for December 2023 reached a total of 6.5 million passengers, representing an increase of 1.8% compared to December 2022. Passenger traffic presented year-on-year increases of 4.5% in Mexico, 11.2% in Puerto Rico, while it decreased 10.8% in Colombia.
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ASUR Announces Approval of its 2024-2028 Investment Plan Totaling Ps.28.5 billion Expressed in Currency as of December 2022

Rhea-AI Summary
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) (NYSE: ASR; BMV: ASUR), a leading international airport group in Mexico, the U.S., and Colombia, has received approval from the Mexican Department of Infrastructure, Communications and Transportation for the Master Development Programs for its Mexican concessions for 2024-2028. The company has committed investments totaling 28,496 million constant pesos for 2024-2028, and the maximum tariffs per workload unit have been approved for the same period. The concession agreements also include an annual reduction of maximum tariffs by an efficiency factor of 0.80% in real terms for the five-year period ending December 31, 2028.
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FAQ

What is the current stock price of Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR)?

The current stock price of Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR) is $261.54 as of November 15, 2024.

What is the market cap of Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR)?

The market cap of Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR) is approximately 7.8B.

What airports does ASUR operate?

ASUR operates 16 airports in the Americas, including nine in southeast Mexico, six in northern Colombia, and the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.

Where is ASUR headquartered?

ASUR is headquartered in Mexico City, Mexico.

What is ASUR's primary source of revenue?

ASUR generates the most revenue from the Cancun segment, which includes Cancun Airport, a major tourist destination.

How is ASUR listed on stock exchanges?

ASUR is listed on the Mexican Bolsa under the symbol ASUR and on the NYSE under the symbol ASR.

What recent financial results has ASUR announced?

ASUR has recently announced its financial results for the period ending March 31, 2024, highlighting its financial stability and growth.

What sustainability initiatives is ASUR involved in?

ASUR is included in the Dow Jones Sustainability Emerging Markets Index (DJSI EM), reflecting its commitment to sustainable practices.

What are ASUR's future plans?

ASUR plans to implement development programs for its Mexican concessions from 2024 to 2028, focusing on improving efficiency and capacity.

How can I get more information about ASUR?

You can visit ASUR's official website at ASUR for more detailed information.

What is the significance of Cancun Airport for ASUR?

Cancun Airport is ASUR's most important airport, serving as a major hub for tourists in Mexico, the Caribbean, and Latin America.

What is ASUR's relationship with Aerostar Airport Holdings?

ASUR holds a 60% stake in Aerostar Airport Holdings, which operates the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.

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Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares

NYSE:ASR

ASR Rankings

#999 Ranked by Market Cap
#2160 Ranked by Dividends

ASR Stock Data

7.80B
277.05M
1.47%
12.63%
0.49%
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