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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 (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.
Grupo Aeroportuario del Sureste (ASR) reported a 49.2% decrease in total passenger traffic for February 2021 compared to February 2020, reflecting the ongoing impact of the COVID-19 pandemic. In Mexico, traffic fell by 53.4%, with international traffic dropping by 65.7%. Puerto Rico and Colombia also experienced declines of 39.3% and 44.7% respectively. Year-to-date, total traffic is down 46.3%. The report highlights significant challenges in both domestic and international travel sectors.
Grupo Aeroportuario del Sureste (ASR) reported a 44.9% decline in passenger traffic for 4Q20 due to the COVID-19 pandemic. Revenue fell 6.4% YoY to Ps.4,253.7 million, a recovery from previous quarters. EBITDA decreased 45.4% to Ps.1,330.9 million, yet surpassed 3Q20 levels. The adjusted EBITDA margin dropped to 54.6% from 63.7% in 4Q19. Cash and cash equivalents stood at Ps.5,192.6 million, with a net debt-to-EBITDA ratio of 1.8x. Major debt payments are due in 1Q21.
Grupo Aeroportuario del Sureste (ASR) reported a significant decline in passenger traffic and financial metrics for the fourth quarter of 2020 due to the COVID-19 pandemic. Total passenger traffic decreased by 44.9% year-over-year, with operational declines of 40.6% in Mexico, 43.6% in Puerto Rico, and 57.0% in Colombia. Revenues fell by 6.4% to Ps.4,253.7 million, while EBITDA dropped 45.4% to Ps.1,330.9 million. The cash position at the end of the quarter was Ps.5,192.6 million, with a net debt-to-LTM EBITDA of 1.8x.
Grupo Aeroportuario del Sureste (ASR) reported a significant 43.7% decline in total passenger traffic for January 2021 compared to January 2020 due to the COVID-19 pandemic. Traffic in Mexico fell by 44.1%, Puerto Rico saw a 40.1% drop, and Colombia experienced a 45.4% decrease. The CDC's expanded testing requirements for air travelers entering the US have compounded these challenges. Domestic traffic in Mexico decreased by 29.7% while international traffic decreased by 55.6%.
Grupo Aeroportuario del Sureste (NYSE: ASR) reported a 41.2% drop in passenger traffic for December 2020 compared to December 2019 due to the ongoing COVID-19 pandemic. Mexico saw a 37.4% decrease in passenger traffic, while Puerto Rico and Colombia experienced declines of 45.2% and 48.4%, respectively. Year-to-date, total passenger traffic fell 54.0%. Domestic flights were less affected than international ones, with decreases of 35.4% and 51.4%, respectively. The data reflects significant challenges in the aviation sector amid severe travel restrictions.
Grupo Aeroportuario del Sureste (ASR) reported a 44.4% decrease in total passenger traffic for November 2020 compared to November 2019, largely due to the COVID-19 pandemic. Traffic in Mexico fell 40.3%, 43.5% in Puerto Rico, and 56.1% in Colombia. Year-to-date results show a 55.4% decline in total traffic. Domestic and international traffic in Mexico decreased by 46.7% and 59.2%, respectively. Declines were seen across all regions, with Cancun reporting the smallest decrease at 38.9%.
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