ASUR reports 6.7% increase in Q3 2018 passenger traffic

International airport group Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR) (BMV: ASUR) with operations in Mexico, the US and Colombia, has reported passenger traffic in Mexico rose 6.7% YoY, reflecting increases of 10.5% and 2.8% in domestic and international traffic, respectively, the company said.

Third quarter 2018 highlights include:

-Traffic in Colombia (Airplan) increased 7.3% YoY, reflecting increases of 6.4% in domestic traffic and 12.4% in international traffic.
-Consolidated commercial revenues per passenger reached MXN 92.5.
Consolidated EBITDA rose 18.9% YoY, reaching MXN 2,278.3 million.
Cash position at the end of the quarter reached MXN 4,569.1 million. Net Debt to LTM EBITDA stood at 1.22x, reflecting the consolidation of Aerostar and Airplan.

ASUR´s total passenger traffic in 3Q18 increased 6.3% YoY to 13.3 million passengers, reflecting increases of 6.7% in traffic in Mexico, 3.8% in Puerto Rico and 7.3% in Colombia.

Consolidated Revenues for Q3 2018 rose 14.0% YoY to MXN 3,682.0 million.
Commercial Revenues in Q3 2018 increased 25.2% YoY, mainly reflecting the 6.3% increase in total passenger traffic, along with the contribution of MXN 100.5 million in Colombia in 3Q18.

Consolidated Operating Costs and Expenses, including construction costs, for Q3 2018 increased by 28.6% YoY, or MXN 451.0 million, to MXN 2,025.5 million. Excluding construction costs, operating costs and expenses increased 59.2% to MXN 1,854.2 million.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. This comprises nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean, and Latin America, and six airports in northern Colombia.