Mexico’s Grupo Aeroportuario del Sureste (ASUR) still suffering

Shares in Mexico’s Grupo Aeroportuario del Sureste (ASUR) dipped 0.7% yesterday, upon the release of the airport operator’s financial and traffic highlights for the three and 12 months ended 31-Dec-2009.

Revenue declined 1.2% year-on-year in 2009 to USD245.5 million, despite a stabilisation in the fourth quarter (-0.3%). Operating profit increased in the fourth quarter, while the full year result declined in the full year by 3.4% year-on-year to USD107.2 million. Net profit in both periods was weaker. Details include:

  • Three months ended 31-Dec-2009:
    • Revenue: MXN753 million, -0.3% year-on-year;
    • Operating costs: MXN465 million, -2.3%;
    • Operating profit: MXN288 million, +3.1%;
    • Net profit: MXN159 million, -23%;
    • Passenger numbers: 3.8 million, -6.0%;
  • 12 months ended 31-Dec-2009:
    • Revenue: MXN3,168 million, -1.2% year-on-year;
    • Operating costs: MXN1,785 million, +0.5%;
    • Operating profit: MXN1,384 million, -3.4%;
    • Net profit: MXN1,049 million, -24%,
    • Passenger numbers: 15.5 million, -12.5%.

MAp’s prospects are 2010 are “positive”

Shares in MAp lost -0.7% yesterday, ahead of the release of its traffic report for Jan-2010, but have risen as much as 2% in trading today as the group reported an 11.5% increase in international traffic at Sydney Airport to 1.1 million, while domestic traffic rose 2.7% year-on-year to 1.9 million passengers. Passenger numbers at Copenhagen Airport were up 5.7% year-on-year to 1.4 million in Jan-2010, while Brussels Airport handled 1.0 million passengers, an increase of 1.8% year-on-year.

MAp CEO, Kerrie Mather, stated the prospects for 2010 are “positive”, with a “number of new routes already announced”. MAp will announce its results for the 12 months ended 31-Dec-2009 on 25-Feb-2010.

Airport Business Daily, your daily strategic news resource from the Centre for Asia Pacific Aviation, contains the full reports from ASUR and MAp today, as well as these global financial and traffic highlights:

Selected airports daily share price movements (% change): 18-Feb-2010