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

Grupo Aeroportuario del Sureste (ASR) reported a year-over-year increase in total passenger traffic for May 2021, reaching 4.0 million, a recovery of 0.6 million from May 2020. However, this remains 13.2% below pre-pandemic levels from May 2019. Traffic in Mexico and Colombia declined by 13.2% and 36.3%, respectively, while Puerto Rico saw a rise of 15.4%. Year-to-date figures show a total of 16.17 million passengers, down 29.6% from 2019, indicating ongoing challenges in the aviation sector due to COVID-19 restrictions.

Grupo Aeroportuario del Sureste (ASUR) announced a significant regulatory update regarding the U.S. Federal Aviation Administration (FAA) downgrading the Mexican government's aviation safety rating from Category 2 to Category 1. This change could enhance ASUR's operational opportunities and international flight access. ASUR operates 16 airports across Mexico, the U.S., and Colombia, including key locations like Cancun Airport and Medellin International Airport. This FAA decision aligns with ASUR's growth strategy, potentially boosting its market performance.

Grupo Aeroportuario del Sureste (ASR) reported a significant year-over-year recovery in passenger traffic for April 2021, totaling 3.5 million passengers, up from 0.2 million in April 2020. This increase translates to a 1.2 million passenger rise; however, it remains 28.1% below pre-pandemic levels of April 2019. Notably, traffic in Puerto Rico increased by 1.7%, while declines were seen in both Mexico and Colombia, indicating ongoing challenges due to travel restrictions. Year-to-date performance also reflects 32.1% lower traffic compared to 2019.

Grupo Aeroportuario del Sureste (ASR) reported a 30.2% YoY decline in total revenue to Ps.2,899.7 million for 1Q21, reflecting the ongoing pandemic's impact. Passenger traffic decreased by 32.2% YoY, with significant drops in international traffic across all regions. Consolidated EBITDA fell 42.0% YoY to Ps.1,592.5 million, despite an improvement from previous quarters. The company ended with cash equivalents of Ps.5,739.8 million and a net debt-to-EBITDA ratio of 2.1x. ASUR also completed an Extraordinary Maximum Tariff Review Process in Mexico.

On April 22, 2021, at the General Ordinary Shareholders' Meeting in Mexico City, Grupo Aeroportuario del Sureste (ASUR) approved various resolutions regarding its operations for the fiscal year ended December 31, 2020. Key decisions included the approval of audited financial statements, allocation of accumulated profits for share repurchase, and setting aside a portion for legal reserves. The Board of Directors received ratification, including Fernando Chico Pardo as Chairman. The meeting focused on enhancing corporate governance and transparency, reinforcing ASUR's commitment to its shareholders.

Grupo Aeroportuario del Sureste (ASUR) has filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission for the year ended December 31, 2020. This report is accessible on their official website. ASUR operates 16 airports across Mexico, the U.S., and Colombia, including Cancun Airport and Medellin International Airport. They also hold a 60% stake in Aerostar Airport Holdings, which manages San Juan's International Airport. For printed copies, investors can contact The Bank of New York Mellon.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR) has concluded the Extraordinary Review Process of Maximum Rates for its Mexican airports covering 2021 to 2023. The review outlines mandatory investments under its Master Development Program. Notably, the total investment across airports like Cancun, Merida, and others is specified in thousands of Mexican pesos, with Cancun requiring the most at 1,110,458. Adjusted maximum rates for services have been established with an annual efficiency factor of 0.7%. These rates will align with the National Producer Price Index (INPP), excluding oil.

Grupo Aeroportuario del Sureste (ASR) reported an 11.3% increase in total passenger traffic for March 2021 compared to March 2020, driven by significant recovery in Puerto Rico and Colombia. Mexican passenger traffic only showed a marginal increase of 0.2%. Year-to-date figures revealed a 32.2% decline overall, with domestic and international traffic down 20.5% and 50.2%, respectively. The recovery is primarily attributed to the Holy Week Holiday timing. Domestic traffic in Mexico rose 17.8% to 1.1 million passengers, while international traffic fell by 15%. As of now, COVID-19 continues to hinder travel recovery.

Grupo Aeroportuario del Sureste (ASR) has announced its General Annual Ordinary Shareholders' Meeting set for April 22, 2021, in Mexico City. The meeting will address key topics including CEO reports, financial statements for the fiscal year ending December 31, 2020, and proposed applications of company results. Shareholders must be registered by April 19, 2021, to attend. The agenda includes discussions on reserves, share repurchase policies, and Board of Directors' ratifications.