Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), an international airport group with operations in Mexico, the US and Colombia, has announced results for the three- and twelve-month periods ended December 31, 2017, the company said.
In the quarter, passenger traffic in Mexico increased 6.2% YoY, reflecting increases of 6.3% and 6.2% in domestic and international traffic, respectively. Cancun Airport was the main traffic driver.
Traffic at Luis MuÃ±oz MarÃn (LMM) Airport declined 26.9% YoY, 24.7% in domestic traffic and 41.5% in international traffic, impacted by Hurricane Maria, which hit Puerto Rico in September 2017.
Traffic in Colombia (Airplan) fell 13.0% YoY reflecting a decline of 16.6% in domestic traffic mainly impacted by a strike of local pilots at a major carrier, which more than offset an 11.7% increase in international traffic.
Consolidated commercial revenues per passenger reached Ps.95.4.
Consolidated EBITDA up 44.1% YoY, reaching Ps.1,937.7 million.
ASUR´s total passenger traffic in 4Q17 declined 4.0% YoY to 11.4 million passengers, as a 6.2% increase in Mexico, was more than offset by declines in traffic of 26.9% in Puerto Rico and 13.0% in Colombia.
The 6.2% YoY growth in passenger traffic in Mexico reflects increases of 6.3% and 6.2% in domestic and international traffic, respectively. Cancun was the main driver behind traffic growth, reporting increases of 9.6% and 5.8% in domestic and international traffic, respectively with the majority of ASUR´s other Mexican airports also contributing to higher traffic.
Passenger traffic at LMM Airport was impacted by Hurricane Maria which hit Puerto Rico in September 2017. While in October 2017 LMM Airport returned to 70 daily average flights similarly to those reported in 2016, they registered a lower load factor in arrivals. As result, total passenger traffic at LMM Airport in 4Q17 declined 26.9% YoY, with reductions of 24.7% and 41.5% in domestic and international traffic.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is an international airport operator with a portfolio of concessions to operate, maintain and develop 16 airports in the Americas. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the US, where it trades under the symbol ASR. One ADS represents ten (10) series B shares. ASUR is one of the top four emerging market companies in the transportation and transportation infrastructure sector included in the Dow Jones Sustainability Emerging Markets Index (DJSI EM). For more information, visit www.asur.com.mx