ASUR Reports Mixed Performance in 1Q25: Insights into Passenger Traffic and Revenue Growth

ASUR Releases 1Q25 Financial Overview

Grupo Aeroportuario del Sureste (ASUR), a prominent airport operator with a foothold in Mexico, the U.S., and Colombia, recently shared its earnings results for the period ending March 31, 2025. The company, listed both on the New York Stock Exchange (NYSE: ASR) and the Mexican Stock Exchange (BMV: ASUR), reported a varied performance across its networks, highlighting rising revenues but a mix of trends in passenger traffic by region.

Key Highlights from 1Q25

1. Passenger Traffic Trends: ASUR saw total passenger traffic grow a modest 0.2% year-on-year (YoY). However, breakdowns by country reveal stark differences:
- In Mexico, passenger traffic dropped by 4.8% overall, with international traffic falling by 7.5% and domestic traffic slightly decreasing by 0.7%.
- Puerto Rico, under the management of Aerostar, experienced a significant increase of 10.6%, buoyed by both domestic and international travel demands.
- Colombia showed a healthy growth of 6.4%, benefiting from a 15.1% surge in international travel, while domestic travel increased by 3.9%.

2. Revenue Performance: ASUR achieved an impressive revenue increase, posting an 18.2% growth YoY to reach Ps.8,787.5 million. Excluding the impact of construction services, revenue growth was slightly lower at 13.9% YoY. The commercial revenue per passenger also climbed 17.5% YoY, landing at Ps.146.8, reflecting effective business strategies and enhanced passenger spending.

3. EBITDA and Net Income: The company's consolidated EBITDA rose by 11.7% YoY to reach Ps.5,724.8 million. Conversely, while the adjusted EBITDA margin showed a minor decline from 71.4% to 70.0% year-on-year, net income was up 14.2% YoY, totaling Ps.3,638.2 million.

4. Cash Position and Debt Management: ASUR’s cash position at the end of the quarter stood solid at Ps.22,681.2 million, with a debt metric measuring at negative 0.5x concerning LTM adjusted EBITDA, indicating a robust liquidity scenario.

Ongoing Developments

On April 10, 2025, ASUR released its 2024 Sustainability Report, reflecting on its environmental commitments and future projects. The company also submitted its annual report to the U.S. Securities and Exchange Commission (SEC) and the Mexican bourse, maintaining transparency with its stakeholders.

Conclusively

The results for the first quarter present a nuanced picture of ASUR's operations, with solid revenue growth overshadowed by declining passenger numbers within Mexico. The surge in Puerto Rico and Colombia indicates effective regional management and strategy deployment. As ASUR continues to navigate these mixed signals, its focus on sustainability and improved passenger experience may yield even more favorable outcomes in the coming quarters.

For detailed financial figures and further insights, you can visit ASUR's official financial reporting page.