Welcome to our dedicated page for Grupo Aeroportuario del Sureste, S. A. B. de C. V. news (Ticker: ASR), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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.
Grupo Aeroportuario del Sureste (NYSE: ASR) reported its Q2 2024 results, showing a 2.8% year-over-year increase in total passenger traffic. Key highlights include:
- Revenues rose 20.1% YoY to Ps.7,394.0 million
- EBITDA grew 18.0% YoY to Ps.4,909.9 million
- Net Income increased 42.7% to Ps.3,779.4 million
- Earnings per Share reached Ps.12.2452, up 50.3%
Traffic varied by region: Mexico declined 4.7%, Puerto Rico increased 8.5%, and Colombia saw a significant 20.9% growth. The company maintained a strong financial position with Ps.14,997.0 million in cash and a negative Debt to LTM Adjusted EBITDA ratio of 0.2x.
Grupo Aeroportuario del Sureste (NYSE: ASR; BMV: ASUR) announced June 2024 passenger traffic data. The total passenger traffic reached 6.1 million, a 3.8% increase from June 2023. Year-on-year, Colombia saw a 24.5% rise, Puerto Rico an 11.6% rise, but Mexico experienced a 5.5% decline. In Colombia, international traffic spiked by 33.1%, and domestic traffic rose by 22.3%. Puerto Rico's growth was fueled by a 10.9% increase in domestic and a 16.1% rise in international traffic. However, Mexico's domestic traffic fell by 5.7%, and international traffic decreased by 5.2%. Year-to-date, Mexico's passenger traffic slightly decreased by 0.4%, while Colombia and Puerto Rico showed year-to-date growth of 8.6% and 10.2%, respectively.
Grupo Aeroportuario del Sureste (ASR) reported passenger traffic for May 2024 at 5.8 million, a 3.1% increase from May 2023. Colombia saw a 20.2% rise, driven by a 30.1% increase in international traffic and 17.8% in domestic traffic. Puerto Rico's traffic grew by 4.3%, with domestic and international traffic increasing by 3.1% and 15.4% respectively. However, Mexico experienced a 3.0% decline, with domestic and international traffic down by 4.6% and 1.3% respectively. Year-to-date, total traffic climbed by 7.2%, with a 0.3% rise in domestic traffic and a 19.0% surge in international traffic.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) corrected its previously misstated year-to-date 2023 passenger traffic figures. The updated figures show 9,909,231, 18,220,179, and 29,273,525 passengers for international traffic across all Mexican airports, total traffic in Mexico, and total company traffic, respectively. For May 2024, ASUR reported a 3.0% increase in overall passenger traffic compared to May 2023, with significant growth in Colombia (20.2%) and Puerto Rico (4.3%). However, Mexico saw a 3.0% decline in passenger traffic. Year-to-date passenger traffic increased by 0.6% in Mexico, 9.9% in Puerto Rico, and 5.6% in Colombia. The report highlights both domestic and international traffic changes across these regions.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) reported a 1.3% increase in passenger traffic for April 2024 compared to April 2023, with significant growth in Colombia and Puerto Rico but a slight decline in Mexico. The company continues to expand its operations in key markets, showcasing resilience and adaptability in the face of changing travel trends.
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