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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.
Grupo Aeroportuario del Sureste (ASR) reported a significant increase in passenger traffic for July 2022, reaching 6.2 million, which is 18.7% higher than July 2019 levels. Colombia saw an impressive 40.9% growth, while Mexico's traffic rose by 15.6%. In Puerto Rico, traffic grew by 4.0%. The increases were driven by the recovery of both domestic and international travel, particularly in Mexico and Colombia, with international traffic seeing substantial year-on-year growth. This positive trend offers insight into the recovery of the aviation sector post-pandemic.
Grupo Aeroportuario del Sureste (ASR) reported significant recovery in its 2Q22 results, with total passenger traffic up 39.3% YoY and 19.2% over 2Q19 levels. Revenues increased 49.4% YoY to Ps.6,319.7 million, while EBITDA rose 61.4% YoY to Ps.4,040.6 million. The adjusted EBITDA margin improved to 70.5%. Cash equivalents stood at Ps.7,331.1 million, and net debt to LTM EBITDA decreased to 0.4x. ASUR declared a dividend of Ps.15.03 per share, amounting to Ps.4,509 million.
Grupo Aeroportuario del Sureste (ASR) reported a significant rebound in passenger traffic for June 2022, reaching 5.6 million, a 16.9% increase compared to June 2019. Colombia saw the most substantial growth at 40.1%, followed by Mexico at 11.5% and Puerto Rico at 7.2%. The uptick in traffic was attributed to both domestic and international travel recovery. Year-to-date figures also show a 52.8% increase relative to 2019. The data excludes transit and general aviation passengers in the analyzed regions.
Grupo Aeroportuario del Sureste (ASR) reported significant recovery in passenger traffic for May 2022, totaling 5.5 million, a 20.4% increase compared to May 2019. Notable growth was observed in Colombia (41.1%), Puerto Rico (21.6%), and Mexico (13.3%). Domestic and international traffic in Mexico and Colombia rebounded strongly, while Puerto Rico's international traffic lagged. Year-to-date figures showed a robust recovery, with 26.1 million passengers reported, reflecting a 13.5% increase from 2019.
Grupo Aeroportuario del Sureste (ASR) reported a significant recovery in passenger traffic for April 2022, with a total of 5.6 million passengers, marking a 20.5% increase compared to April 2019. Traffic in Colombia surged by 48.9%, while Puerto Rico and Mexico saw rises of 17.9% and 12.7%, respectively. The growth is attributed to the rebound in both domestic and international travel, though Puerto Rico's international traffic remains subdued. Year-to-date statistics show total passenger traffic up by 68.6% compared to 2021, signaling ongoing recovery despite challenges.
Grupo Aeroportuario del Sureste (ASR) reported significant growth in 1Q22, with total passenger traffic up 71.4% year-over-year and exceeding pre-pandemic levels by 8.8%. Revenues surged 87.1% to Ps.5,425.8 million, while EBITDA increased 130.8% to Ps.3,676.3 million. The adjusted EBITDA margin improved to 71.0%. Cash equivalents stood at Ps.9,962.2 million, with a favorable net debt-to-EBITDA ratio of 0.3x.
Shareholders approved cash dividends totaling Ps.15.03 per share.
Grupo Aeroportuario del Sureste (ASUR) held its Annual General Shareholders' Meeting on April 20, 2022, in Mexico City. Key resolutions included the approval of the 2021 financial statements and reports from the Board of Directors and the Audit Committee. Shareholders also sanctioned a cash dividend of Ps. 9.03 per share and an extraordinary dividend of Ps. 6.00 per share, payable on or after June 1, 2022. Additionally, 5% of net profits will be allocated to increase the legal reserve. The Board of Directors and committee members received compensation for their services.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) has filed its annual report on Form 20-F for the year ending December 31, 2021, with the U.S. Securities and Exchange Commission. This report is available on ASUR's website. ASUR operates and develops 16 airports across Mexico, the U.S., and Colombia, including Cancun and Medellin international airports. The company is a key player in the aviation sector, and its stock is traded under the ticker ASR on the NYSE and ASUR on the Mexican Bolsa.
Grupo Aeroportuario del Sureste (NYSE: ASR) reported March 2022 passenger traffic at 5.7 million, up 15.6% from March 2019. Colombia saw a 41.0% increase, Mexico 9.3%, and Puerto Rico 11.8%. The growth in Colombia and Mexico was driven by recovery in domestic and international travel. Year-to-date figures show traffic in 2022 increased 71.4% compared to 2019. Domestic traffic increased by 20.2%, while international traffic rose by 9.5%. Despite this recovery, international traffic in Puerto Rico remains low.
Grupo Aeroportuario del Sureste (ASR) announced its Annual General Shareholders' Meeting scheduled for April 20, 2022. The agenda includes presentations by the CEO and Board of Directors, financial statements for the year ended December 31, 2021, and proposals for dividends amounting to $9.03 and $6.00 for ordinary shares. Shareholders must be registered by April 13, 2022, to attend and participate in voting. The meeting will also address the legal reserve increase and share repurchase proposals.
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