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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 total of 4.5 million passengers in February 2022, a 7.0% increase compared to February 2019. Recovery in travel demand was attributed to vaccination campaigns and growth across its airports in Mexico, Puerto Rico, and Colombia. Colombia showed the highest traffic growth at 23.3% compared to 2019, followed by Puerto Rico at 6.3%, and Mexico at 2.2%. Despite the Omicron variant's impact, domestic and international traffic rose across these regions, highlighting positive recovery trends in the aviation sector.
Grupo Aeroméxico announced a voluntary public offering for its shares at a price of $0.01 pesos per share, representing less than 0.01% of its capital stock. This follows the approval of a significant capital stock increase during a General Shareholders Meeting on January 14, 2022. The offering is open from February 15 to March 14, 2022, as part of its Chapter 11 restructuring plan. The Board assessed the offering price as reasonable, providing current shareholders an exit option before upcoming capital changes that may dilute existing shares to nearly zero.
Grupo Aeroportuario del Sureste (NYSE: ASR) reported significant growth in its 4Q21 results, with total passenger traffic up 93.5% YoY, surpassing pre-pandemic levels by 6.6%. Revenues reached Ps.6,789.6 million, a 59.6% increase YoY, while adjusted EBITDA soared 146.8% to Ps.3,285.4 million, resulting in a margin of 69.0%. Cash equivalents stood at Ps.8,770.1 million, and net debt-to-EBITDA improved to 0.5x. The company also paid a cash dividend of Ps.8.21 per common share, indicating financial stability and confidence in its operational recovery.
Grupo Aeroportuario del Sureste (ASR) reported that January 2022 passenger traffic reached 4.8 million, a 3.3% increase compared to January 2019, indicating a recovery in travel demand. However, traffic in Mexico decreased by 1.9% and in Puerto Rico by 6.3%. Notably, Colombia's traffic surged by 25.7%. The growth is attributed to vaccination rollouts despite Omicron's impact. Domestic and international traffic declines in Mexico and Puerto Rico were significant challenges for ASR's overall performance.
Grupo Aeroportuario del Sureste (ASR) reported December 2021 passenger traffic of 5.5 million, marking a 5.2% increase over December 2019 levels. The recovery in global travel, bolstered by vaccination efforts in the U.S. and Mexico, contributed to this growth. Significant gains were seen in Colombia with an 11.2% rise, while Puerto Rico experienced a slight decrease of 1.7%. Year-to-date comparisons also reflect strong recovery trends, although challenges remain due to ongoing travel restrictions. Overall, ASR's performance illustrates resilience amid pandemic-related impacts.
Grupo Aeroportuario del Sureste (ASR) reported November 2021 passenger traffic of 4.9 million, up 7.2% from November 2019, indicating a recovery in travel demand. Significant growth was seen in Mexico (+5.2%) and Colombia (+12.8%), driven by both domestic and international traffic. Year-to-date traffic data also showed a substantial increase, with total traffic at 43.9 million, a 94.7% rise from 2020. The report highlights the positive impact of vaccination campaigns in the U.S. and gradual improvements in Mexico.
Grupo Aeroportuario del Sureste (ASR) reported a significant recovery in passenger traffic for October 2021, with a total of 4.5 million passengers, representing a 7.7% increase compared to October 2019. Domestic traffic in Mexico increased 5.0%, while Puerto Rico saw a 14.4% rise and Colombia experienced a 9.7% growth compared to pre-pandemic levels. The year-to-date passenger count also showed recovery, although international traffic still lags behind at 25.0% down from 2019 levels. Overall, the data reflects a gradual rebound in travel demand amid ongoing vaccination efforts.
Grupo Aeroportuario del Sureste (ASR) reported strong 3Q21 results with a significant 231.2% increase in passenger traffic year-over-year, nearing pre-pandemic levels at 98.6% of 3Q19. Revenues surged 98.9% to Ps.4,866.1 million, with EBITDA soaring 285.8% to Ps.2,913 million. The company maintained a strong cash position of Ps.11,042.6 million and a favorable debt ratio at 0.4x net debt to EBITDA. A cash dividend of Ps.8.21 per share was paid on October 1, 2021.
Grupo Aeroportuario del Sureste (ASR) reported a total passenger traffic of 3.9 million in September 2021, a 2.6% increase compared to September 2019, indicating a recovery in travel demand. Traffic in Mexico declined by 1.1%, while Colombia and Puerto Rico saw increases of 0.9% and 19.9% respectively. Year-to-date figures reveal a 76.1% increase compared to 2020, but a 21.1% drop from pre-pandemic levels. Domestic and international traffic showed mixed results, with international traffic in Puerto Rico achieving a 130.1% rise compared to 2020.
Grupo Aeroportuario del Sureste (NYSE: ASR) reported that August 2021 passenger traffic totaled 4.6 million, a 4.3% decline from August 2019. Despite growth in Puerto Rico (+14.8%), Mexico saw traffic drop by 8.4%, influenced by ongoing recovery and pandemic restrictions. Year-to-date, total passenger traffic increased by 87.3% compared to 2020, with notable growth in domestic traffic. International traffic remains significantly lower than pre-pandemic levels, particularly in Mexico and Colombia, where declines of 3.5% and 11.7% were noted, respectively.
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