preloader icon



Apex Trader Funding (ATF) - News

ASUR Reports 1Q24 Financial Results

Total passenger traffic in 1Q24 increased 3.9% YoY MEXICO CITY, April 22, 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-month period ended March 31, 2024.  1Q24 Highlights1 Total passenger traffic increased 3.9% year-over-year. By country of operations, passenger traffic showed the following YoY variations: Mexico: increased by 3.8%, reflecting growth of 9.4% in international traffic partially offset by a decline of 3.5% in domestic traffic. Puerto Rico (Aerostar): increased by 12.2%, resulting from increases of 11.1% and 23.0% in domestic and international traffic, respectively. Colombia (Airplan): decreased 2.1%, a 6.7% decline in domestic traffic mainly driven by the suspension of operations of Viva Air and Ultra Air in 1Q23, partially offset by an 18.6% increase in international traffic. Revenues increased 15.3% YoY to Ps.7,434.9 million. Excluding construction revenue, revenues increased 13.9% compared to 1Q23. Consolidated commercial revenue per passenger increased YoY to Ps.124.9. Consolidated EBITDA increased 13.1% YoY to Ps.5,122.9 million. Adjusted EBITDA margin (excluding the effect of IFRIC 12) at 71.4% from 71.9% in 1Q23. Cash and equivalents at year-end of Ps.16,822.9 million with Net Debt to EBITDA LTM at negative 0.3x. On April 15, 2024, ASUR published its Sustainability Report 2023, filed its Annual Report 2023 in Form 20-F with the US S.E.C and the Circular Unica 2023 with the Mexican Stock Exchange and regulator. Table 1: Financial & Operational Highlights 1 First Quarter % Chg 2023 2024 Financial Highlights Total Revenue 6,449,409 7,434,907 15.3 Mexico 4,775,146 5,646,112 18.2 San Juan 1,010,943 1,033,582 2.2 Colombia 663,320 755,213 13.9 Commercial Revenues per PAX 123.2 124.9 1.4 Mexico 147.0 145.3 (1.2) San Juan 144.7 141.8 (2.0) Colombia 42.3 50.2 18.7 EBITDA 4,530,402