ASUR reports 3.6% increase in 4Q 2019 passenger traffic in Mexico

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR) (BMV: ASUR) has reported 3.6% increase in 2019 passenger traffic in Mexico with increases of 4.8% and 2.3% in domestic and international traffic, the company said.

Traffic in Puerto Rico (Aerostar) was up 18.1% YoY, supported by increases of 19.1% in domestic traffic and 9.9% in international traffic.

Traffic in Colombia (Airplan) rose 9.4% YoY, driven by growth of 9.0% in domestic traffic and 11.7% in international traffic.

Revenues increased 15.8% YoY to Ps. 4,544.4 million

Consolidated commercial revenues per passenger reached Ps.92.3.

Consolidated EBITDA amounted to Ps.2,436.4 million, a 1.0% YoY decline. Excluding a Ps.134.6 million non-recurring insurance recovery in 4Q18 in connection with Hurricane Maria, consolidated EBITDA would have increased 4.8% YoY.

Cash position at year-end was Ps.6,192.7 million. Net Debt to LTM EBITDA stood at 0.7x.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is an international airport operator with a portfolio of concessions to operate, maintai, and develop 16 airports in the Americas.