ASUR ANNOUNCES 3Q24 RESULTS
Total Revenue and EBITDA Increased YoY by 18% and 12%, Respectively Despite 2% Decrease in Passenger Traffic
MEXICO CITY, Oct. 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-and nine-month periods ended September 30, 2024.
3Q24 Highlights1
Total passenger traffic declined 2.1% year-over-year ("YoY"). By country of operations, passenger traffic presented the following YoY variations:
Mexico: declined 10.1%, reflecting decreases of 12.6% in international traffic and 8.0% in domestic traffic.
Puerto Rico (Aerostar): increased 4.6%, driven by growth of 2.5% and 20.7% in domestic and international traffic, respectively.
Colombia (Airplan): increased 15.5%, resulting from increases of 22.5% in international traffic and 13.6% in domestic traffic.
Revenues increased 18.1% YoY to Ps.7,483.3 million. Excluding construction services, revenues increased 14.1% during the period.
Consolidated revenues per Passenger increased 7.2% to Ps.124.9.
Consolidated EBITDA increased 12.0% YoY to Ps.4,700.4 million.
Adjusted EBITDA Margin (excluding IFRIC12) decreased to 68.3% from 69.6% in 3Q23.
Cash position of Ps.18,483.6 million at quarter-end with Debt to LTM Adjusted EBITDA at negative 0.3x.
Table 1: Financial and Operating Highlights1
Third Quarter
% Chg.
2023
2024
Financial Highlights
Total Revenue
6,338,851
7,483,293
18.1
Mexico
4,598,604
5,386,401
17.1
San Juan
1,061,755
1,215,566
14.5
Colombia
678,492
881,326
29.9
Commercial Revenues per PAX
116.5
124.9
7.2
Mexico
135.9
149.0
9.6
San Juan
139.2
152.4
9.5
Colombia
43.4
52.0
19.8
EBITDA
4,198,452
4,700,373
12.0
