Business Context and Reporting Period
Company: Southeast Airport Group (Grupo Aeroportuario del Sureste, S.A. de C.V.)
Filing Type: Form 6-K (Current Report)
Date: October 6, 2004
Reporting Period: September 2004 (30-day period compared to September 2003)
Business Overview: ASUR operates concessions for nine airports in southeastern Mexico, including Cancún, Mérida, Cozumel, and Veracruz. The company is listed on the NYSE (ASR) and the Mexican Bolsa (ASUR).
Key Financial and Operational Metrics
Operational Performance (Passenger Traffic):
Total passenger traffic for September 2004 reached 855,003, representing a 14.3% increase year-over-year compared to 747,906 in September 2003. Transit and general aviation passengers are excluded from these figures.
| Airport | Sep 2003 | Sep 2004 | % Change |
|---|---|---|---|
| Cancún | 510,599 | 590,889 | 15.7% |
| Cozumel | 17,595 | 23,804 | 35.3% |
| Huatulco | 14,966 | 14,241 | -4.8% |
| Mérida | 62,662 | 64,005 | 2.1% |
| Minatitlán | 10,586 | 10,438 | -1.4% |
| Oaxaca | 31,511 | 36,793 | 16.8% |
| Tapachula | 13,186 | 13,502 | 2.4% |
| Veracruz | 41,039 | 48,729 | 18.7% |
| Villahermosa | 45,762 | 52,602 | 14.9% |
| ASUR Total | 747,906 | 855,003 | 14.3% |
Financial Metrics: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes Versus Prior Period
- Overall Growth: Total passenger volume increased by 107,097 passengers (14.3%) compared to the prior year.
- Top Performers: Cozumel saw the highest growth at 35.3%, followed by Veracruz (18.7%) and Oaxaca (16.8%).
- Declines: Huatulco (-4.8%) and Minatitlán (-1.4%) experienced slight decreases in passenger traffic.
- Stability: Mérida and Tapachula showed modest growth of approximately 2%.
Guidance, Outlook, and Risks
Management Commentary: The filing is a routine announcement of monthly traffic statistics and does not contain specific forward-looking guidance, management outlook, or discussion of risks and contingencies.
Unusual Items: No unusual items were disclosed in this report.
Key Facts for Investor Verification
- Verify the correlation between the 14.3% increase in passenger traffic and the company's quarterly revenue and earnings reports.
- Confirm the specific drivers behind the 35.3% surge in Cozumel traffic versus the decline in Huatulco.
- Review subsequent filings for financial impact analysis of the September traffic trends.
- Note that transit and general aviation passengers are excluded from the reported figures; verify if this exclusion impacts year-over-year comparability significantly.