MONTERREY, Mexico, June 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today that it has entered into a new derivative instrument in the form of an accelerated share repurchase transaction (“ASR”) to repurchase the Company’s American Depositary Shares (“ADSs”)1. Under the terms of this new ASR, FEMSA has agreed to repurchase up to USD $600 million of its ADSs. The total number of ADSs ultimately repurchased und ...

Passenger traffic increased year-on-year by 20.2% in Colombia, 4.3% in Puerto Rico and declined 3.0% in Mexico MEXICO CITY, June 6, 2024 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.  (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for May 2024 reached a total of 5.8 million passengers, representing an increase of 3.0% compared to May 2023. Passenger traffic presented year-on-year i ...

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 5.8 million in April 2024, marking a year-on-year increase of 1.3% compared to April 2023 [1][3] - Passenger traffic in Colombia surged by 17.9%, driven by a 25.3% increase in international traffic and a 16.2% rise in domestic traffic [1][3] - Puerto Rico experienced a 9.4% growth in passenger traffic, with domestic and international traffic increasing by 9.4% and 9.2%, respectively [1][3] - In contrast, Mexico saw a decline of 5.6% in passenger traffic, attributed to a 10.7% drop in domestic traffic and a 1.0% decrease in international traffic [1][3] Passenger Traffic Summary - **Mexico**: - April 2024 passenger traffic was 3,495,197, down 5.6% from April 2023 [3] - Domestic traffic decreased by 10.7% to 1,573,816, while international traffic saw a slight decline of 1.0% to 1,921,381 [3] - **Puerto Rico**: - Total passenger traffic reached 1,034,830 in April 2024, up 9.4% from the previous year [3] - Domestic traffic increased to 926,318 (9.4% growth), and international traffic rose to 108,512 (9.2% growth) [3] - **Colombia**: - Passenger traffic totaled 1,278,688 in April 2024, reflecting a 17.9% increase [3] - Domestic traffic rose to 1,012,775 (16.2% growth), while international traffic increased to 265,913 (25.3% growth) [3] Year-to-Date Performance - For the year-to-date period, total passenger traffic in Mexico increased by 1.5% to 14,991,607 [3] - Year-to-date domestic traffic in Mexico decreased by 5.5% to 6,188,901, while international traffic increased by 7.0% to 8,802,706 [3] - In Puerto Rico, year-to-date passenger traffic grew by 11.5% to 4,296,726 [3] - Colombia's year-to-date passenger traffic increased by 2.3% to 5,082,918 [3] Company Overview - Grupo Aeroportuario del Sureste operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia [5] - The company is a significant player in the airport sector, with Cancun Airport being a major tourist destination [5] - ASUR is also involved in a joint venture for the operation of Luis Muñoz Marín International Airport in San Juan, Puerto Rico [5]

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Grupo Aeroportuario del Sureste (ASR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Grupo Aeroportuario del Sureste is one of 132 companies in the Transportation group. The Transportation group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 i ...

MEXICO CITY, April 24, 2024 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the United States, and Colombia, today announced that shareholders approved the following resolutions and considered the following matters at the General Ordinary Shareholders' Meeting held in Mexico City on April 24th, 2024: General Annual Ordinary Meeting Summary of Resolutions Approval of the report submitted by the Ch ...

Financial Data and Key Metrics Changes - Total revenues increased by 14% year-on-year to just over MXN 7 billion in Q1 2024, with Mexico and Colombia showing mid-teen growth while Puerto Rico experienced low single-digit growth [7][8] - Consolidated EVA rose by 13% year-on-year to MXN 5.1 billion, with EBITDA growth across all regions, particularly in Mexico with a 15% increase [11] - Cash and cash equivalents reached nearly MXN 17 billion, up 21% from the same quarter last year, while total debt declined by 4% [11] Business Line Data and Key Metrics Changes - Mexico, accounting for 76% of total revenues, saw a 16% increase in revenues driven by mid-20s growth in aeronautical services [8] - Puerto Rico, which represented 14% of total revenues, posted nearly 2% revenue growth, with a 10% increase in non-aeronautical revenues offset by a 5% decline in aeronautical revenues [8] - Colombia, contributing 10% to revenues, experienced a mid-teen increase in revenues, benefiting from international traffic growth [9] Market Data and Key Metrics Changes - Passenger traffic reached a record high of 18.6 million, up 4% year-on-year, with Puerto Rico showing the strongest growth at nearly 12% [5] - Domestic traffic in Mexico was impacted by a reduction in air traffic movements at Mexico City Airport, which accounted for 45% of domestic tourist traffic in 2023 [6] - Colombia's traffic showed signs of recovery with a 9% growth in March, following a year-over-year decline of only 2% in Q1 2024 [7] Company Strategy and Development Direction - The company is focused on enhancing passenger experience and expanding commercial offerings, with plans to invest in capacity and infrastructure [13] - A significant CapEx program of MXN 29 billion over the next five years is aimed at supporting growth while balancing cash returns to shareholders [30] - The company is committed to sustainability, with ongoing projects related to water security and energy efficiency [55] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from Pratt & Whitney engine issues and capacity reductions at Mexico City Airport, which are expected to impact domestic traffic [13] - The outlook for international traffic remains positive, particularly from the U.S. and Canada, although domestic traffic may see a slight decrease [23] - Management expressed confidence in the recovery of traffic in Colombia and normalization in Puerto Rico, anticipating continued growth throughout the year [36] Other Important Information - The company proposed an ordinary cash dividend of MXN 10 and an extraordinary cash dividend of MXN 10, payable in May and June respectively [12] - The company published its 2023 sustainability report, emphasizing its commitment to environmental initiatives [12] Q&A Session Summary Question: Cost control initiatives in Mexico - Management highlighted a 50% reduction in strategic TANF fees offsetting increased concession fees, with administrative costs rising due to a 20% minimum wage increase [15] Question: Update on Punta Cana situation - No updates were provided regarding the Dominican Republic's government situation, with ongoing legal procedures in place [15] Question: Impact of Mexico City Airport capacity restrictions - Management noted a 70% decrease in capacity at Mexico City Airport, resulting in a loss of nearly a million passengers compared to last year [18] Question: CapEx program disruptions - Management does not foresee disruptions to commercial revenues during the CapEx rollout, as major expansions will occur outside operational areas [20] Question: MDP tariff adjustments - Management confirmed that no adjustments were made in Q1 2024, with increases expected to take effect from April [23] Question: Traffic outlook for Puerto Rico and Colombia - Management expects normalization in traffic for both regions, with Colombia showing signs of recovery and Puerto Rico's growth expected to stabilize [36] Question: New investments outside Mexico - Currently, there are no new investment projects outside Mexico [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 GRUPO AEROPORTUARIO DEL SURESTE, S.A.B. de C.V. (SOUTHEAST AIRPORT GROUP) (Translation of Registrant's Name Into English) México (Jurisdiction of incorporation or organization) Bosque de Alisos No. 47A– 4th Floor Bosques de las Lomas 05120 México, D.F. (Address of principal executive offices) ...

Group 1 - Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) has filed its annual report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission [1] - ASUR has published its Sustainability Report 2023, detailing the company's performance in environmental, social, and governance aspects [1] - Investors can access the reports via ASUR's Investor Relations website and request a printed copy free of charge [1] Group 2 - ASUR operates, maintains, and develops 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia [2] - Cancun Airport is highlighted as the most important tourist destination in Mexico, the Caribbean, and Latin America [2] - ASUR holds a 60% joint venture stake in Aerostar Airport Holdings, LLC, which operates Luis Muñoz Marín International Airport in Puerto Rico [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2023 Commission File Number 1-15132 Grupo Aeroportuario del Sureste, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Southeast Airport Group United Mexican States (Translation of registrant’s name into English) (Jurisdiction of incorporation or organization) Bosque de Alisos No. 47A ...

It’s a great time to be looking at stocks in the travel and hospitality industries.The sector was temporarily beaten down due to the COVID-19 pandemic. However, tourism activity has come absolutely roaring back since the global economy reopened and travel restrictions were lifted. In addition, government stimulus and a sharp jump in consumer income have led to a surge in discretionary spending. In turn, much of that extra disposable income has gone to tourism and other experiences.This has led the travel in ...