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ASUR: 3Q17 passenger traffic increased in Mexico, declined in San Juan, Puerto Rico

ASUR: 3Q17 passenger traffic increased in Mexico, declined in San Juan, Puerto Rico

Grupo Aeroportuario del Sureste, S.A.B. de C.V., the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, a JV partner in Aerostar Airport Holdings, LLC (Aerostar), and operator of the Luis Muñoz Marín International Airport in San Juan (LMM Airport), today announced results for the three- and nine-month periods ended September 30, 2017.

Highlights for the Quarter

• Agreements to acquire controlling interest in two Colombian airport groups, subject to governmental approval.

• Passenger traffic in Mexico up 8.1% YoY, supported by increases of 6.9% and 9.4% in domestic and international traffic, respectively. Cancun Airport was the main traffic driver.

• Traffic at LMM Airport declined 5.5% YoY, 4.3% in domestic traffic and 12.2% in international traffic impacted by Hurricane Maria in September 2017.

• Consolidated commercial revenues per passenger reached Ps.99.5.

• Consolidated EBITDA up 39.5% YoY, reaching Ps.1,916.6 million.

• Closed the quarter with a cash position of Ps.7,679.0 million. Net Debt to LTM EBITDA stood at 1.0x, reflecting consolidation of Aerostar.

• On track to complete construction of Terminal 4 at Cancun Airport, scheduled to open in 4Q17.

Read the full article: https://eturbonews.com/168163/asur-3q17-passenger-traffic-increased-mexico-declined-san-juan-puerto-rico

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