Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.5 million in March 2024, marking a year-on-year increase of 6.6% compared to March 2023 [1][2] - Passenger traffic growth was observed across different regions: 3.4% in Mexico, 16.0% in Puerto Rico, and 9.4% in Colombia [1][2] - The increase in passenger traffic in Mexico was primarily driven by an 11.1% rise in international traffic, which compensated for a 6.83% decline in domestic traffic [1][3] Passenger Traffic Summary - In Mexico, passenger traffic rose from 3,893,840 in March 2023 to 4,024,853 in March 2024, a 3.4% increase [3] - Domestic traffic in Mexico decreased by 6.8%, while international traffic increased by 11.1% [3] - Puerto Rico's passenger traffic increased from 1,003,705 in March 2023 to 1,164,522 in March 2024, reflecting a 16.0% growth, with domestic and international traffic growing by 14.9% and 27.1%, respectively [3][4] - Colombia's passenger traffic grew from 1,170,420 in March 2023 to 1,280,754 in March 2024, a 9.4% increase, with domestic traffic rising by 3.6% and international traffic by 37.7% [3][4] Year-to-Date Performance - Year-to-date passenger traffic for Mexico increased from 11,073,291 in 2023 to 11,496,410 in 2024, a 3.8% rise [3] - Year-to-date traffic for Puerto Rico rose from 2,907,038 to 3,261,896, a 12.2% increase [3] - Year-to-date traffic for Colombia decreased slightly from 3,885,317 to 3,804,230, reflecting a 2.1% decline [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 industry, with its Cancun Airport being a major tourist destination [5] - ASUR is also a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in Puerto Rico [5]

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Core Viewpoint - Grupo Aeroportuario del Sureste (ASUR) has announced its General Annual Ordinary Shareholders' Meeting scheduled for April 24, 2024, detailing the agenda and key reports to be discussed [1][2]. Group 1: Meeting Details - The Ordinary Annual General Shareholders' Meeting will take place at 10 a.m. on April 24, 2024, at the company's offices in Mexico City [2]. - Shareholders must be registered on the Company Shareholder Register by April 19, 2024, to attend the meeting [6][7]. Group 2: Agenda Items - The agenda includes the presentation and potential approval of the CEO's report for the fiscal year ended December 31, 2023, along with the independent auditor's report [3]. - Financial statements for the fiscal year ended December 31, 2023, will be presented, including individual and consolidated financial statements [3]. - A proposal for an ordinary net dividend of 10.926 pesos and an extraordinary net dividend of 10.00 pesos is to be discussed, payable in May and June 2024, respectively [4]. Group 3: Governance and Compliance - The meeting will address the ratification of the administration by the Board of Directors and the CEO for the fiscal year 2023, including the appointment of committee members [5]. - The company will also discuss compliance with tax obligations for the fiscal year ended December 31, 2022 [3]. Group 4: Company Overview - Grupo Aeroportuario del Sureste operates 16 airports across the Americas, including major airports in Mexico and Colombia, and is a significant player in the airport management sector [10].

Passenger traffic increased year-on-year by 5.7% in Mexico and 12.6% in Puerto Rico and decreased 3.4% in Colombia MEXICO CITY, March 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 February 2024 reached a total of 5.8 million passengers, representing an increase of 4.8% compared to February 2023. Passenger traffic presented ...

Financial Data and Key Metrics Changes - Total revenues increased nearly 5% to just over MXN 6 billion in Q4 2023, with Mexico accounting for 74% of revenues and posting a 6% increase [14] - Comparable consolidated EBITDA increased 1% to MXN 4.1 billion, with Mexico being the main driver of profitability [17] - The company ended the year with a strong cash position of nearly MXN 16 billion and a negative leverage ratio of 0.2x [18] Business Line Data and Key Metrics Changes - Aeronautical services in Mexico increased by 5%, while non-aeronautical services rose by 7%, reflecting higher passenger traffic [14] - Commercial revenues per passenger reached MXN 119, up 6% on a consolidated basis, with significant increases in Mexico and Colombia [16] - Colombia posted a mid-single-digit top line increase, supported by a 3% growth in aeronautical revenues and an 8% increase in non-aeronautical services [15] Market Data and Key Metrics Changes - Nearly 18 million passengers traveled across the airport network in Q4 2023, marking the highest level for a fourth quarter [11] - Total traffic for the year reached over 70 million passengers, with a 10% annual increase in Mexico and an 18% increase in Puerto Rico, partially offset by a nearly 10% decline in Colombia [11][12] - Domestic traffic in Mexico is experiencing initial effects from Pratt & Whitney engine problems, while traffic from the U.S. and Canada remains a key growth driver [12] Company Strategy and Development Direction - The company approved a 2024-2028 master development plan for Mexican airports, committing MXN 28.5 billion in CapEx, with 75% allocated to Cancun Airport [4][5] - The new MDP includes efficiency factor adjustments and a reduction in the technical assistance fee from 5% to 2.5% of EBITDA generated by Mexican operations [6][7] - Sustainability efforts include the installation of solar panels and achieving Level 2 certification under the Airport Carbon Accreditation program [8][9] Management Comments on Operating Environment and Future Outlook - Management noted that the reduction in air traffic movements at Mexico City Airport is expected to negatively impact domestic traffic in 2024 [12] - The company anticipates a recovery in Colombian traffic starting in March 2024 as local airlines resume operations [13] - Management expressed confidence in long-term opportunities supported by ongoing investments to enhance passenger travel experiences and expand commercial offerings [18] Other Important Information - The company completed negotiations with ITA, resulting in a reduced technical assistance fee [6] - The Supreme Court of Justice rejected an appeal related to the construction permit for Bavaro International Airport, impacting future projects in the Dominican Republic [7] Q&A Session Summary Question: Impact of Pratt & Whitney inspection on domestic traffic - Management indicated that domestic traffic is weaker due to Pratt & Whitney issues, with Volaris increasing load factors but resulting in fewer passengers overall [21] Question: Increase in operating expenses - The increase in expenses was primarily due to salary adjustments in Colombia, which had been deferred during the pandemic [22] Question: Details on Cancun projects - The company plans to invest MXN 21 billion in Cancun, with major projects including the expansion of Terminal 4 and reconstruction of Terminal 1 [25] Question: Update on Dominican Republic airport project - The project is on hold due to legal processes and a recent decree cancelling previous approvals [27] Question: Capital allocation and dividend policy - Management will review capital allocation and dividend proposals in March, with no fixed dividend policy currently in place [29][40] Question: Tourism bookings in southeastern Mexico - Strong bookings are observed from the U.S. and Canada, but domestic traffic is affected by issues at Mexico City Airport [44]

Total passenger traffic in 4Q23 increased 1.1% YoY MEXICO CITY, Feb. 26, 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 results for the three- and twelve-month month periods ended December 31, 2023. 4Q23 Highlights1 Total passenger traffic increased 1.1% year-over-year. By country of operations, 4Q23 passenger traffic showed the following YoY variatio ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Grupo Aeroportuario del Sureste (ASR) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Grupo Aeroportuario del Sureste is one of 133 individual stocks in the Transportation sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individu ...

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.3 million in January 2024, reflecting a year-on-year increase of 0.5% compared to January 2023 [1][2] - Passenger traffic in Mexico increased by 2.6%, while Puerto Rico saw an increase of 8.2%. Conversely, Colombia experienced a decline of 10.1% in passenger traffic [2][3] - The growth in passenger traffic in Mexico and Puerto Rico was primarily driven by international traffic, which increased by 6.3% and 23.1% respectively, while domestic traffic showed a decrease in Mexico and an increase in Puerto Rico [2][4] Passenger Traffic Summary - In Mexico, domestic traffic decreased by 2.2% to 1,623,154 passengers, while international traffic increased by 6.3% to 2,248,581 passengers [3][4] - San Juan, Puerto Rico, reported a total of 1,113,130 passengers, marking an 8.2% increase, with domestic traffic rising by 6.7% and international traffic by 23.1% [5][6] - Colombia's total passenger traffic was 1,331,781, reflecting a 10.1% decrease, with domestic traffic down by 14.1% and international traffic up by 6.6% [2][5] Airport Operations - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia, with Cancun Airport being the most significant tourist destination [6][7] - The company is also a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico [6][7]

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Juan Ponce - Bradesco BBI Guilherme Mendes - JPMorgan Fernanda Recchia - BTG Pactual Bruno Amorim - Goldman Sachs Alberto Valerio - UBS Anton Mortenkotter - GBM Stephen Trent - Citi Pablo Ricalde - Santander Pablo Monsivais - Barclays Arthur Suelotto - APO Capital Luis Lama - BlackRock Operator Go ...

Financial Data and Key Metrics Changes - Total passenger traffic growth slowed to nearly 4%, reaching a record high of 17.3 million travelers in Q2 2023 [8] - Revenues increased by 5% to MXN6 billion, driven by growth in aeronautical and non-aeronautical revenues in Mexico [11] - Consolidated EBITDA rose by 3% to MXN4.2 billion, with a decline in adjusted EBITDA margin by 140 basis points to 69% [14] Business Line Data and Key Metrics Changes - In Mexico, passenger traffic grew by 9%, with domestic travel up 17% and international traffic in low single digits [9] - Puerto Rico saw the fastest growth in passenger traffic at 15%, with domestic traffic up 12% and international traffic up 44% [10] - Colombia experienced a contraction of nearly 18% in total passenger traffic, with domestic and international passengers declining by 20% and 4%, respectively [10] Market Data and Key Metrics Changes - Mexico accounted for 74% of total revenues, while Puerto Rico and Colombia represented 16% and 10%, respectively [11] - The strong Mexican peso appreciated by 15% against the U.S. dollar and 18% against the Colombian peso, impacting revenue figures [10] Company Strategy and Development Direction - The company entered a joint business investment agreement to develop a private international airport in Bavaro, Dominican Republic, with an initial investment of $17.8 million [3] - The Bavaro International Airport is expected to serve 8 million passengers annually and is projected to begin operations in approximately three years [6][7] Management's Comments on Operating Environment and Future Outlook - Management noted a slowdown in passenger traffic growth due to the suspension of two Colombian airlines and the impact of a strong peso [8][14] - The company maintains a robust balance sheet with cash and cash equivalents over MXN14 billion, indicating a solid financial position [15] Other Important Information - Shareholders approved an ordinary cash dividend of MXN9.93 per share and an extraordinary cash dividend of MXN10 per share to be paid in November [7] - The company opened 20 new commercial spaces in Mexico, four in Puerto Rico, and 44 in Colombia over the last 12 months [12] Q&A Session Summary Question: What is the target passenger capacity for the Bavaro airport and expected income? - The project aims for an 8 million passenger capacity, but it is too early to determine the expected income as operations are three years away from commencement [17][18] Question: What are the expectations regarding the Master Development Plan (MDP) and any changes in negotiations? - No significant changes have been observed in the MDP negotiations compared to previous years, with ongoing reviews of airport projects [19][20] Question: How will the ramp-up of operations at the Dominican Republic airport occur, and what is the competition like? - The ramp-up to 8 million passengers is expected to take between five to seven years, with competition from Punta Cana International Airport [22][23] Question: What is the outlook for traffic recovery in Colombia post airline suspensions? - Recovery in Colombia is not expected to be fast, with ongoing impacts from the suspension of two airlines [22][23] Question: What is the regulatory framework for the Bavaro airport joint venture? - The regulatory framework is a dual-till system, with the government having a say in specific tariffs, differing from regulations in Mexico and Colombia [25][28] Question: Have there been any impacts on consumption at the airports due to currency fluctuations? - No significant impacts on consumption have been observed, although the strong peso has affected revenue translations [30][31] Question: What is the expected capital expenditure for the final year of the MDP? - The expected capital expenditure for the final year of the MDP is around MXN600 million [37] Question: How has international traffic from the U.S. to Cancun been performing? - There has been a small increase in U.S. traffic compared to the previous year, with most growth coming from Canada [39]