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: August 2009 (Announced September 3, 2009)
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
The filing provides operational traffic data but does not contain financial statements regarding revenue, profit, cash flow, margins, debt, or liquidity.
- Total Passenger Traffic (August 2009): 1,319,687
- Total Passenger Traffic (August 2008): 1,512,851
- Year-over-Year Change: Decrease of 12.8%
- Scope: Excludes transit and general aviation passengers.
Material Changes Versus Prior Period
Passenger traffic declined across the majority of ASUR's portfolio in August 2009 compared to August 2008. The decline was more severe in international traffic (-18.8%) than domestic traffic (-5.6%).
| Airport | Aug 2008 | Aug 2009 | % Change |
|---|---|---|---|
| Cancun (Total) | 1,085,706 | 942,732 | (13.2%) |
| Villahermosa (Total) | 78,687 | 65,195 | (17.1%) |
| Tapachula (Total) | 19,654 | 12,937 | (34.2%) |
| Veracruz (Total) | 83,147 | 74,311 | (10.6%) |
| Oaxaca (Total) | 53,793 | 48,253 | (10.3%) |
| Huatulco (Total) | 32,347 | 32,533 | 0.6% |
| Minatitlan (Total) | 13,029 | 13,173 | 1.1% |
Notable Variances:
- Worst Performers: Tapachula (-34.2%), Villahermosa (-17.1%), and Cancun International (-20.2%).
- Best Performers: Oaxaca International (+37.3%) and Tapachula International (+19.8%) showed growth, though their total volumes were small.
Guidance, Outlook, and Risks
The filing text does not provide forward-looking guidance, management commentary on future outlook, specific risk factors, contingencies, or unusual items beyond the reported traffic decline.
Investor Verification Checklist
- Verify the correlation between the 12.8% drop in passenger traffic and the company's quarterly revenue and EBITDA performance in the subsequent 10-Q or 20-F filing.
- Confirm the specific impact of the 20.2% decline in Cancun International traffic, as this is the company's primary revenue driver.
- Investigate the causes for the significant 34.2% drop in Tapachula traffic versus the growth in Oaxaca International.
- Review subsequent filings for liquidity updates, as this 6-K does not disclose cash flow or debt positions.