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. operates an international airport concession business across Mexico, Colombia and Puerto Rico. ASUR operates nine airports in southeastern Mexico, including Cancún Airport, six airports in northern Colombia, including Medellín international airport at Rionegro, and holds a 60% interest in Aerostar Airport Holdings, operator of Luis Muñoz Marín International Airport in San Juan.
Recurring ASR news covers monthly passenger traffic by country and by domestic and international routes, quarterly operating results, commercial revenue per passenger, EBITDA and leverage measures, and shareholder meeting actions. Company updates also cover ASUR US Airports and airport retail concessions at major U.S. hubs such as Los Angeles International, Chicago O'Hare and John F. Kennedy International.
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.