ASUR reports 96.3% decrease in YOY April 2020 passenger traffic

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR) (BMV: ASUR) has reported total passenger traffic for April 2020 decreased 96.3% when compared to April 2019, the company said.

Passenger traffic decreased 95.7% in Mexico, 94.5% in Puerto Rico and 99.9% in Colombia % impacted by the Covid-19 outbreak.

As announced on March 23, 2020, neither Mexico nor Puerto Rico have issued flight restrictions to-date. In Puerto Rico, the FAA has accepted a request from the Governor of Puerto Rico that all flights bound to Puerto Rico land at LMM Airport, which is operated by ASUR´s subsidiary Aerostar, and that all passengers be screened by representatives of the Puerto Rico Health Department.

As a result, the LMM airport remains open and operating, albeit with substantially reduced flight and passenger volumes. Mexico and/or the United States may issue flight restrictions similar to those issued in other parts of the world, which would cause a significant further reduction in our operations.

In Colombia, Decree 439, issued by the Government on March 20, 2020, suspended all incoming international flights, including connecting flights, for 30 days, starting at 12:01 a.m. Monday, March 23, 2020. Decree 457, issued on March 22, 2020, mandated preventive isolation as well as the suspension of domestic air travel between March 25 and April 13, 2020. On April 8, Decree 531 suspended domestic air travel from zero hours (00:00 am) on April 13, 2020, until zero hours (00:00 am) on April 27, 2020.Likewise, on April 24, the government issued Decree 593 suspending domestic air travel from zero hours (00:00 am) on April 27, 2020, until zero hours (00:00 am) on May 11, 2020, with the exception of humanitarian emergencies, transportation of cargo and goods, and fortuitous events or force majeure.

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. 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, including Medellin international airport (Rio Negro).