ASUR Reports Strong Revenue Growth Amid Traffic Challenges

Grupo Aeroportuario del Sureste SA de CV Class B ( (ASRMF) ) has released its Q4 earnings. Here is a breakdown of the information Grupo Aeroportuario del Sureste SA de CV Class B presented to its investors.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a prominent international airport group operating in Mexico, the U.S., and Colombia, known for managing airport facilities and providing aeronautical and non-aeronautical services. In its latest earnings report for the fourth quarter of 2024, ASUR reported a slight decline in total passenger traffic by 0.3% year-over-year, with notable increases in Puerto Rico and Colombia, while Mexico saw a decrease. Despite this, the company achieved a significant revenue increase of 31.2% year-over-year, reaching Ps.9,020.6 million, driven by strong performance in construction and aeronautical services. ASUR’s EBITDA also saw a 22.5% rise, reflecting robust operational efficiency.

Key financial metrics highlighted in the report include a 9.4% increase in commercial revenue per passenger and a 22.5% rise in consolidated EBITDA to Ps.5,111.3 million. The adjusted EBITDA margin improved to 69.7%, indicating enhanced profitability. The company’s cash position strengthened significantly, with cash and cash equivalents rising by 44.8% to Ps.20,083.4 million. ASUR’s net income also grew by 37.2% to Ps.3,589.7 million, showcasing the company’s ability to generate higher earnings despite challenges in passenger traffic.

Strategically, ASUR continues to focus on expanding its commercial operations, as evidenced by the opening of new commercial spaces across its airports. The company also reported a substantial increase in capital expenditures, particularly in Mexico, as part of its development plan. This investment is aimed at modernizing airport facilities and enhancing service offerings to passengers.

Looking ahead, ASUR’s management remains optimistic about the company’s growth prospects, supported by its strong financial position and strategic investments. The company is well-positioned to capitalize on the recovery in global air travel and the increasing demand for airport services in its key markets.