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Mexican airport operators reveal negative net results

29-Oct-2008

Leading Mexican airport operator ASUR, the first privatised group in Mexico, and operator of Cancun Airport and eight other airports in the southeast of Mexico, reported a 3.4% fall in its 3Q08 (Jul-Sep) net profit, resulting from higher costs and falling traffic caused by rising fuel prices, and exacerbated by tax provisions. [847 words]

Unlock the following content in this report:

Subheadings:

  • Leading bank optimistic about economic growth in Latin America
  • ASUR buys land for hotel development at Huatulco
  • Other operators also in decline

Graphs and data:

  • ASUR, GAP and OMA passenger numbers growth in 3Q08
  • ASUR, GAP and OMA revenue and EBITDA margin in 3Q08 and nine months ended 30-Sep-08
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