Grupo Aeroportua Stock Price, News & Analysis

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%.

Grupo Aeroportuario del Sureste (ASR) reported a 50.1% decline in total passenger traffic for October 2020 compared to October 2019 due to the COVID-19 pandemic. In Mexico, traffic fell by 44.9%, while Puerto Rico and Colombia experienced reductions of 41.5% and 67.8%, respectively. Year-to-date figures also showed significant drops, with total traffic down 56.5%. Domestic and international traffic in Mexico fell 45.2% and 61.2%, respectively. The impact was exacerbated by Hurricane Delta and Zeta, affecting operations.

Grupo Aeroportuario del Sureste (ASR) reported a substantial decline in 3Q20 results due to the COVID-19 pandemic. Total passenger traffic fell by 70.2% YoY, with decreases of 63.7% in Mexico and 95.4% in Colombia. Revenues decreased by 40.4% to Ps.2,447.1 million, and consolidated EBITDA dropped 69.5% to Ps.755.1 million. Adjusted EBITDA margin fell to 44.6%, although it improved from 2Q20's 1.8%. Cash reserves stood at Ps.6,012.7 million, with a net debt-to-EBITDA ratio of 1.5x.

Grupo Aeroportuario del Sureste (ASR) reported a 58.6% decline in total passenger traffic for September 2020 compared to September 2019, primarily due to the COVID-19 pandemic. Traffic in Mexico decreased by 48.7%, in Puerto Rico by 47.9%, and in Colombia by 86.2%. Year-to-date, total traffic fell 57.1% to 17.9 million passengers. Domestic traffic also showed significant declines, with international traffic suffering even greater reductions. Airports in Colombia resumed operations under strict health protocols, while no flight bans were imposed in Mexico or Puerto Rico.