Asur up 20%

By Administrator |

Mexican airports operator Asur yesterday reported that quarterly net profits rose by almost 20% even though passenger numbers dropped, and its share price fell on fears that Hurricane Wilma will hit future earnings. Net profits

reached Ps.168m ($15.6m) in the third quarter, up from Ps.141m in the same quarter last year, thanks to back payments from retailers at its airports.
Asur operates nine airports, including Cancun and Cozumel which were both closed after Hurricane Wilma, smashed into the Caribbean coast, causing huge damage to hotels, stores and the resort's infrastructure. Asur said third quarter results were boosted by a Ps.32.5m ($2.9m) rent back payment from Dufry and Ps.9.9m ($0.9m) payment by Aldeasa.

Middle East

MEADFA Conference 2024 ‘heading to Abu Dhabi on 17-19 November’

This year’s Middle East & Africa Duty Free Association (MEADFA) Conference will take...


DFWC Q1 2024 KPI Monitor indicates rise in duty free impulse purchases

Impulse purchasing within global duty free is on the rise, according to the latest Duty Free...

Asia & Pacific

Avolta details “bold and ambitious” goals to grow its APAC business

With a number of key developments coming to fruition, including its operations at Wuhan Tianhe...

image description

In the Magazine

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

E-mail this link to a friend