MEXICO. Grupo Aeroportuario del Sureste (ASUR) yesterday posted a sharp +10.5% rise year-on-year in commercial revenues for the second quarter of 2011.
This was driven by higher passenger traffic (up +2.9%) but more particularly by a commendable +8.3% gain in commercial revenue per passenger to MXN66.22 (US$5.70).
Domestic figures increased by +5.7% and international passenger traffic edged ahead by +0.9%, the latter driven mainly by a +1.2% gain in international traffic at Cancún airport.
The Mexican operator’s total revenues increased by +7.1% due to increases of +5.4% in aeronautical revenues, +9.3% in non-aeronautical revenues (buoyed by the commercial performance) and +9.4% in construction services revenues.
For the first six months, commercial revenues gained +8.1%, driven again by a +8.3% increase in commercial revenue per passenger.
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For the second quarter ASUR posted commercial revenue increases in the following activities:
• +22.3% in retail operations
• +15.6% in parking lot fees
• +12.6% in ground transportation
• +12.1% in duty free stores
• +3.6% in other revenues
• +1.9% in food & beverage
• +1.5% in advertising
• +1.3% in banking and currency exchange services.
These increases were partially offset by revenue declines of:
• -43.2% in teleservices
• -2.6% in car rentals.
For the first six months revenue increases were recorded in the following areas:
• +15.5% in retail operations
• +10.4% in parking lot fees
• +10.6% in duty free stores
• +2.8% in ground transportation services
• +7.1% in advertising
• +1.7% in other income
• +2.3% in food & beverage.
These increases were partially offset by revenue declines in the following areas:
• -47.7% in teleservices
• -1.9% in car rentals
• -0.5% in banking and currency exchange services.
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Excluding transit and general aviation, June traffic increased by +0.6% year-on-year but international traffic fell by -1.9%. Key airport Cancún, which serves an overwhelming proportion of ASUR’s international passengers, posted a -1.5% fall (see table).
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In related news reported by Reuters, ASUR Chief Executive Adolfo Castro said that ASUR is unlikely to bid for airport concessions in Brazil, citing weak returns on such ventures during a conference call on Tuesday.
Earlier this year ASUR said it was interested in building a new airport in the Brazilian northeast beach resort of Natal.
ABOUT ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancún, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE, where it trades under the symbol ASR.
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