Welcome to our dedicated page for Grupo Aeroportua news (Ticker: ASR), a resource for investors and traders seeking the latest updates and insights on Grupo Aeroportua stock.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR), traded on the NYSE under the symbol ASR, regularly publishes news about its activities as an international airport operator. The company’s releases highlight its portfolio of concessions to operate, maintain and develop airports in the Americas, including nine airports in southeast Mexico, six airports in northern Colombia and Luis Muñoz Marín International Airport in San Juan, Puerto Rico through a 60% joint venture.
Much of ASUR’s news flow focuses on monthly passenger traffic updates for Mexico, Puerto Rico and Colombia. These reports provide total, domestic and international passenger volumes, year-over-year percentage changes and airport-level details for locations such as Cancun, Cozumel, Merida, San Juan and Rionegro. They show how traffic trends differ between domestic and international segments and among the company’s main regions.
ASUR also issues announcements on financial results, such as its third-quarter earnings release, where it reports total revenue, commercial revenue per passenger, EBITDA and adjusted EBITDA margin, along with definitions of key metrics and explanations of concession-related construction revenues and costs under IFRIC 12.
In addition, the company publishes news on strategic transactions and expansion. Recent examples include the completion of the acquisition of URW Airports, LLC, now ASUR Airports, which manages commercial programs at terminals in major U.S. airports, and the signing of a purchase agreement to acquire Companhia de Participações em Concessões, which owns equity interests in 20 airports in Brazil, Ecuador, Costa Rica and Curaçao. ASUR also discloses corporate actions such as calls for shareholders’ meetings to consider acquisitions and financing authorizations.
Investors and observers can use the ASR news feed on Stock Titan to follow these passenger traffic trends, earnings announcements, expansion steps and governance developments as reported by the company in its official communications.
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.
Grupo Aeroportuario del Sureste (ASR) reports a significant decline in passenger traffic for August 2020. Total traffic decreased by 71.4% year-over-year, with Mexico at 63.1%, Puerto Rico at 62.9%, and Colombia at 99.6%. The declines are attributed to the impact of the COVID-19 pandemic on travel. Specific domestic and international figures show steep drops, with total year-to-date traffic falling 56.9%. The company continues operations under strict health guidelines, with certain restrictions still in effect in its markets.
Grupo Aeroportuario del Sureste (ASR) reported a significant decline in passenger traffic for July 2020, with total traffic down by 77.6% compared to July 2019. In Mexico, passenger traffic fell 74.7%, while Puerto Rico and Colombia experienced decreases of 62.4% and 99.8%, respectively. Year-to-date, overall traffic has decreased 54.9%. The downturn is attributed to the effects of the COVID-19 pandemic, including flight restrictions and reduced travel demand in all operating regions.
Grupo Aeroportuario del Sureste (ASR) reported a significant decline in its financial performance for Q2 2020, with total passenger traffic dropping 94.0% YoY due to COVID-19. Revenues fell 56.6% to Ps.1,767.0 million, while EBITDA plummeted 98.1% to Ps.51.2 million. Despite these challenges, cash and cash equivalents increased 46.9% to Ps.7,124.1 million. The net debt-to-LTM EBITDA ratio stands at 1.1x, reflecting manageable leverage amid ongoing turbulence in the airline sector.