ASUR reports 6.3% decrease in YoY passenger traffic in Q1 2020

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR) (BMV: ASUR) (ASUR) has announced total passenger traffic decreased 6.3% year over year (YoY), reflecting the impact of the COVID-19 pandemic, primarily since second half of March 2020, the company said.

The company reported declines in operations as follows:
-8.1% in Mexico, due to declines of 2.0% and 12.3% in domestic and international traffic, respectively
-4.1% in Puerto Rico (Aerostar), down 3.4% in domestic traffic and 10.5% in international traffic
-2.8% in Colombia (Airplan), with domestic and international traffic down 3.1% and 0.8%, respectively

-Revenues increased 1.4% YoY to Ps.4,157.0
-Consolidated commercial revenues per passenger reached Ps.116.2
-Consolidated EBITDA increased 3.0% YoY to Ps.2,743.5 million.

Adjusted EBITDA Margin (excludes the effect of IFRIC 12) and excluding the non-recurring insurance recoveries in both quarters would have increased 20 bps to 66.7%
Cash position at quarter-end of Ps.7,784.2 million and Net Debt-to-LTM EBITDA at 0.7x

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