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)
Reporting Period: August 2004 (Announced September 7, 2004)
Business Overview: ASUR operates concessions for nine airports in southeastern 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
Operational Performance (August 2004 vs. August 2003):
- Total Passenger Traffic: 1,277,540 (up 9.0% year-over-year).
- Exclusions: Figures exclude transit and general aviation passengers.
- Top Performers by Growth: Veracruz (+16.6%), Villahermosa (+14.3%), Oaxaca (+11.2%), Cozumel (+10.9%).
- Decline: Minatitlan (-2.9%).
Financial Data: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for this period.
Material Changes Versus Prior Period
Total passenger traffic increased by 105,832 passengers compared to the same period in the prior year. Growth was broad-based across the portfolio, with seven of the nine airports reporting double-digit or near double-digit growth. The only airport reporting a decline was Minatitlan, which saw a 2.9% decrease in traffic.
Guidance, Outlook, and Risks
Management Commentary: The filing consists solely of the announcement of August 2004 traffic figures. No forward-looking guidance, outlook, or specific management commentary regarding future performance is included in this text.
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing.
Key Facts for Investor Verification
- Verify the 9.0% year-over-year growth in total passenger traffic for August 2004.
- Confirm the specific contribution of high-growth airports (Veracruz, Villahermosa, Oaxaca) to the overall total.
- Note the absence of financial results (revenue/profit) in this specific 6-K filing; investors should refer to subsequent quarterly or annual reports for financial metrics.
- Monitor the performance of Minatitlan, the only airport in the portfolio to report a decline in traffic.