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Mexican airports continue their recovery

8th November, 2011

Mexico’s three big private airport operators released their financial results for the period ending 30-Sep-2011. The Mexican aviation market has been in almost constant flux and consistently unprofitable in the past decade, with many airline casualties resulting partly from the effects of natural disasters and epidemics. But the market has stabilised following the exit of Mexicana. While Mexico’s growth fundamentals remain sound, with a large population, strong economic growth and a populous spread over a large area there is hope for the airports business and these recent results emphasise that.

Each of the operators (Grupo Aeroportuario del Pacifico [GAP], Grupo Aeroportuario del Sureste [ASUR] and Grupo Aeroportuario del Centro Norte [OMA]) reports increased revenues, EBITDA and net profit (notably ASUR and OMA in the latter two categories) with passenger numbers up in all cases except GAP (-2.6%). [1829 words]

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This report contains the following subheadings:

  • ‘Full recovery’ in domestic market
  • Impact of Mexicana service suspension felt by GAP
  • Impact of Mexicana service suspension felt by GAP
  • ASUR seeking new investment opportunities in Latin America
  • ASUR seeking new investment opportunities in Latin America
  • OMA sees marginal improvement
  • Private investment levels falling

This report contains the following charts and tables:

  • Mexico (international seats per week by carrier): 31-Oct-2011 to 06-Nov-2011
  • International capacity (by region): 31-Oct-2011 to 06-Nov-2011
  • Capacity share by carrier type (entire system): 31-Oct-2011 to 06-Nov-2011
  • Capacity share by alliance: 31-Oct-2011 to 06-Nov-2011
  • GAP financial highlights (USD million): three months ended 30-Sep-2011
  • ASUR financial highlights (USD million): three months ended 30-Sep-2011
  • OMA financial highlights (USD million): three months ended 30-Sep-2011