Business Context and Reporting Period
Company: Southeast Airport Group (Grupo Aeroportuario del Sureste, S.A. de C.V.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: November 4, 2004
Reporting Period: October 2004 (31-day period compared to October 2003)
Business Overview: ASUR operates concessions for nine airports in southeast Mexico, including Cancun, Merida, Cozumel, and Veracruz. 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 (Oct 2004): 980,079
- Total Passenger Traffic (Oct 2003): 816,213
- Year-over-Year Growth: 20.1%
- Exclusions: Transit and general aviation passengers are excluded from these figures.
Note: The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity.
Material Changes vs. Prior Period
Passenger traffic increased significantly across most major airports, driven primarily by strong performance in Cancun and Cozumel.
| Airport | Oct 2003 | Oct 2004 | % Change |
|---|---|---|---|
| Cancun | 540,859 | 674,195 | 24.7% |
| Cozumel | 20,396 | 29,605 | 45.2% |
| Veracruz | 45,549 | 54,127 | 18.8% |
| Oaxaca | 41,128 | 46,897 | 14.0% |
| Villahermosa | 54,492 | 58,779 | 7.9% |
| Merida | 72,730 | 75,692 | 4.1% |
| Tapachula | 14,126 | 14,572 | 3.2% |
| Huatulco | 15,316 | 15,305 | -0.1% |
| Minatitlan | 11,617 | 10,907 | -6.1% |
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, specific risk factors, or contingencies. It is a factual report of historical passenger traffic for October 2004.
Key Facts for Investor Verification
- Verify the correlation between the 20.1% increase in passenger traffic and subsequent revenue growth in the next quarterly financial report.
- Confirm the sustainability of the 45.2% growth at Cozumel and 24.7% growth at Cancun, which are the primary revenue drivers.
- Investigate the causes for the decline in traffic at Minatitlan (-6.1%) and flat performance at Huatulco (-0.1%).
- Check subsequent filings for financial metrics (EBITDA, net income) as this 6-K does not contain financial data.