ASUR Q4 up 82.48%

By Administrator |

Grupo Aeroportuario del Sureste, S.A.B. de C.V (ASUR)has reported fourth quarter total revenues up by 66.37%, non-aeronautical revenues up 82.48%, aeronautical revenues up 59.49% and commercial revenues per passenger up by 27.54%.

ASUR, the privatised Mexican airport company which operates Cancun and eight other airports in south-east Mexico, today announced results for the three- and twelve-month periods ended December 31, 2006.
For the fourth quarter of 2006, total passenger traffic increased year-on-year by 57.01%; domestic passenger traffic increased by 22.09%; and international passenger traffic rose by 104.48%. The 57.01% year-on-year increase in total passenger traffic is primarily reflected by sharp drop in passenger traffic experienced in the fourth quarter of 2005 due to the impact of Hurricane Wilma.
The growth in international passenger traffic was the result of increases of 117.49%, 261.11% and 75.61% at the Cancun, Cozumel and Huatulco airports, respectively (the first two largely due to the 4Q05 impact of Hurricane Wilma, as noted above).
Commercial revenues increased year-on-year by 98.56% and duty free sales were up 246.54%, principally due to the increase in international passenger traffic and a one-time Ps.19.1m ($1.7m) income pay out from Aldeasa, one of the duty-free concessionaires, in connection with a new contract for Terminal 3 at Cancun Airport.
By contrast, duty free revenues over the full course of 2006 declined by 5.93% as a result of non-recurring payments in May and August 2005, respectively of Ps.7m ($637 737) and Ps.32.5m ($2.9m) from Dufry Mexico, pursuant to a ruling of the International Court of Arbitration in ASUR's favour.
The 0.98% decline in international passenger traffic and the implementation in August 2006 of new Transportation Security Administration (TSA) security measures relating to carry-on items also had an adverse impact on duty-free sales. The subsequent relaxation of some of these measures has led to some improvement, but sales continue to be affected.
ASUR says it is unable to predict whether this effect will continue or for how long.

International

OUT NOW: TRBusiness Aug/Sep 2024 e-zine

The TRBusiness August/September e-zine is now live and ready to view – click here or scroll...

International

Optimism levels tumble Q2 TR Confidence Tracker

Optimism levels among respondents to the Q2 2024 TR Confidence Tracker, sponsored by Suntory...

International

Estée Lauder reports continued struggles in mainland China and GTR

The Estée Lauder Companies reported net sales of $15.61bn for the fiscal year ended 30 June...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend