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ASUR reports 11.91% YOY increase in passenger traffic for 4Q16.

M2 EQUITYBITES-February 24, 2017-ASUR reports 11.91% YOY increase in passenger traffic for 4Q16

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Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), (ASUR) has announced results for the three- and twelve-month periods ended December 31, 2016, the company said.

4Q16 total passenger traffic increased year-over-year by 11.91%, reflecting growth of 14.79% in domestic passenger traffic and 9.29% in international passenger traffic.

The 14.79% increase in domestic passenger traffic was driven by the majority of ASUR's airports, with the exception of Cozumel and Minatitlan, where traffic declined by 0.55% and 16.19%, respectively. The 9.29% growth in international passenger traffic resulted primarily from an increase of 9.44% in traffic at the Cancun airport.

Total passenger traffic for FY16 increased by 8.67%, reflecting growth of 10.86% in domestic passenger traffic driven by the majority of ASUR's airports, with the exception of Minatitlan and Villahermosa, which declined 9.79% and 1.87%, respectively. The 6.90% increase in international passenger traffic resulted primarily from a 7.39% increase at the Cancun airport.

ASUR is a Mexican airport operator with concessions to operate, maintain, and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico, as well as a 50% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Munoz Marin International Airport of Puerto Rico.

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Publication:M2 EquityBites (EQB)
Date:Feb 24, 2017
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