MEXICO. Airports company Grupo Aeroportuario del Sureste (ASUR) has reported a +26.7% year-on-year surge in Q1 commercial revenues to Ps298.6 million (US$22.6 million). Commercial revenues per passenger increased by +31.95% to Ps.60.62 (US$4.60). The group reported overall revenues of Ps984.6 million (US$74.7 million), up +13.2%.
For the first quarter of 2009, total passenger traffic declined year-on-year by -3.3% to 5.02 million. Domestic passenger traffic declined by -13.9% while international passenger traffic rose by +3.04%, mainly due to a +4.54% rise in international passenger volumes at Cancún International.
The rise in commercial revenues derived from increases in the following areas:
+35.81% in duty free stores;
+20.39% in banking and currency exchange services;
+33.71% in advertising;
+8.81% in ground transportation;
+25.14% in retail operations;
+33.46% in car rental companies;
+22.05% in food and beverage;
+17.19% in teleservices; and
+29.29% in other revenues.
These increases were partially offset by a -3.45% decline in parking lot revenues.
ASUR said: “Commercial revenues rose by 26.73% year-over-year during the quarter, mainly as a result of revenue increases principally from the -32.9% depreciation in the Peso against the US Dollar since Q1 08, which has resulted in a positive impact, as contracts with some concession holders are denominated in US Dollars and converted into Pesos at the prevailing rate.”
MORE STORIES ON ASUR
Robust international passenger traffic at Cancún boosts Mexico’s ASUR in February – 09/03/09
Strong commercial performance buoys Mexican airports group ASUR’s full-year results – 19/02/09
Surge in international passenger traffic buoys Mexican airports group ASUR in January – 11/02/09
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