Apart from the core ‘invested’ airports, Macquarie Airports (now known simply as MAp) has a 16% strategic interest in ASUR, the leading Mexican airports operator that features Cancun Airport amongst its portfolio. The country having been stricken by swine flu (H1N1) earlier in the year, still recovering from the effects of recent hurricanes and getting to grips with the recession, and with Mexico’s low cost airline segment suffering from turbulent business prospects, the airports have not been performing well in 2009. The figures for the three months ended 30-Sep-2009 make for grim reading but at least the operating environment does not appear to be deteriorating further.
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