Overview of Asur’s Performance
Grupo Aeroportuario del Sureste (Asur), a private airport operator in Mexico, Colombia, and Puerto Rico, started the year with better-than-expected progress, despite minimal growth in passenger traffic, one of its key operational indicators.
Financial Highlights
- Revenue Growth: In the first quarter, Asur’s revenues increased by 18.2% compared to the same period last year, surpassing analyst expectations by 5.6%.
- EBITDA Growth: The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 11.7%, which was also above analyst projections by 2.7%.
Passenger Traffic Performance
Despite the modest 0.2% increase in passenger traffic, Asur’s performance was driven by domestic travelers, which grew by 3.5%. However, international passenger traffic decreased by 4.2%, partially offsetting the domestic growth.
Performance by Country
- Mexico: Asur’s primary market, Mexico, experienced a decline in both domestic and international traffic. Cancun, Asur’s most significant airport, saw an 8% drop in international travelers and a 1.4% decrease in domestic travelers, contributing to an overall 4.8% decline.
- Colombia: Asur’s operations in Colombia showed a 6.4% increase in passenger traffic.
- Puerto Rico: The company’s Puerto Rican operations saw a 10.6% growth in passenger traffic.
Commercial Income Growth
Although passenger traffic remained relatively unchanged, commercial income per passenger rose from 124.9 Mexican pesos in Q1 2024 to 146.8 pesos by the end of Q1 2025.
- Total Commercial Income: Commercial income increased by 18.1%, driving a 17.2% rise in non-aeronautical revenue, which outpaced the 12.1% growth in aeronautical service revenue.
Key Questions and Answers
- Q: Who is Grupo Aeroportuario del Sureste (Asur)? A: Asur is a private airport operator managing facilities in Mexico, Colombia, and Puerto Rico.
- Q: Why is Asur’s Q1 performance significant? A: Despite minimal growth in passenger traffic, Asur exceeded analyst expectations for revenue and EBITDA growth.
- Q: How did passenger traffic perform across different countries? A: Mexico experienced a decline in both domestic and international traffic, while Colombia and Puerto Rico showed growth.
- Q: What drove Asur’s financial success in Q1? A: The company’s success was attributed to increased commercial income per passenger and growth in non-aeronautical revenue.
