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)
Date: July 7, 2009
Reporting Period: June 2009 (Comparison to June 2008)
Business Overview: ASUR operates concessions for nine airports in southeastern 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 only. It does not contain financial statements regarding revenue, profit, cash flow, margins, debt, or liquidity.
| Metric | June 2008 | June 2009 | % Change |
|---|---|---|---|
| Total Passenger Traffic | 1,538,697 | 1,101,966 | (28.4%) |
| Domestic Traffic | 670,630 | 552,710 | (17.6%) |
| International Traffic | 868,067 | 549,256 | (36.7%) |
Note: Transit and general aviation passengers are excluded from these figures.
Material Changes vs. Prior Period
Passenger traffic declined significantly across almost all airports in June 2009 compared to June 2008, with international traffic experiencing a sharper contraction than domestic traffic.
- Worst Performing Airports (Total Traffic): Cozumel (-36.4%), Cancun (-31.7%), and Villahermosa (-24.6%).
- International Segment: Cancun international traffic dropped 37.9%, and Minatitlan dropped 40.2%.
- Stable/Positive Growth: Huatulco remained nearly flat (-0.2%). Oaxaca (+27.4%) and Tapachula (+5.0%) saw growth in international traffic only, though their total traffic declined.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on future outlook, specific risk factors, or contingencies. The report is limited to the announcement of historical passenger traffic data for June 2009.
Key Facts for Investor Verification
- Verify the correlation between the 28.4% drop in passenger traffic and the company's quarterly revenue and earnings reports for the second quarter of 2009.
- Confirm the specific impact of the 36.7% decline in international traffic on the company's high-margin international concession fees.
- Investigate the cause of the severe 78.1% drop in domestic traffic at Cozumel and the 37.9% drop in international traffic at Cancun.
- Check subsequent filings for updated liquidity positions, as this 6-K does not disclose cash flow or debt levels.