The following is a summary of the Grupo Aeroportuario Del Sureste, S. A. B. De C. V. (ASR) Q1 2024 Earnings Call Transcript:
Financial Performance:
ASUR demonstrated solid financial performance in Q1, marked by a 14% increase in total revenue over MXN 7 billion.
This growth was largely driven by Mexican and Colombian markets.
The company's EBITDA jumped 13% YoY to MXN 5.1 billion.
Despite a substantial cash position nearing MXN 17 billion, the total debt reduced 4% YoY from 2023 end.
Business Progress:
ASUR reported a record 18.6 million passenger traffic, reflecting a YoY increase of 4%, primarily fueled by a 12% rise in Puerto Rican and 4% rise in Mexican traffic.
Expanded commercial offerings by opening numerous commercial spaces across Mexico, Puerto Rico, and Colombia.
Focuses on three major projects set to increase passenger capacity at Cancun Airport and secure water investment at Huatulco and Oaxaca airports.
No new external investment opportunities have been found in regions like the U.S. or the Caribbean.
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