ASR

Business Context and Reporting Period

Company: Southeast Airport Group (Grupo Aeroportuario del Sureste, S.A.B. de C.V.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: June 2011 (Announced July 5, 2011)
Business Overview: ASUR operates concessions for nine airports in southeast Mexico, including Cancun, Merida, Cozumel, and Villahermosa. The company is listed on the NYSE (ASR) and the Mexican Bolsa (ASUR).

Key Financial and Operational Metrics

This filing reports operational passenger traffic data rather than financial statements (revenue, profit, cash flow, or debt).

• Total Passenger Traffic (June 2011): 1,391,079 passengers.
• Total Passenger Traffic (June 2010): 1,383,119 passengers.
• Year-over-Year Change: +0.6%.
• Scope: Includes domestic and international commercial passengers; excludes transit and general aviation.

Material Changes Versus Prior Period

Performance varied significantly by airport and segment:

• Domestic Segment: Increased 3.9% year-over-year (608,472 vs. 585,682).
• International Segment: Decreased 1.9% year-over-year (782,607 vs. 797,437).
• Top Performers (Growth):
  • Huatulco: +19.7% total traffic.
  • Villahermosa: +13.3% total traffic.
  • Tapachula: +63.6% international traffic.
  • Veracruz: +36.4% international traffic.
• Declining Markets:
  • Huatulco: -40.6% international traffic.
  • Cozumel: -12.3% international traffic.
  • Minatitlan: -18.5% total traffic.
  • Oaxaca: -14.8% total traffic.

Guidance, Outlook, and Risks

The filing text does not provide forward-looking guidance, management commentary on future outlook, specific risk factors, or contingencies. The document is limited to the announcement of historical passenger traffic for June 2011.

Investor Verification Checklist

• Verify the impact of the 1.9% decline in international traffic on overall revenue, given the typically higher yield of international passengers.
• Investigate the specific causes for the 40.6% drop in international traffic at Huatulco and the 18.5% drop at Minatitlan.
• Confirm if the 3.9% growth in domestic traffic is sufficient to offset the international decline in the upcoming quarters.
• Review subsequent filings for financial results (revenue and EBITDA) corresponding to this operational period, as they are not included in this 6-K.