Business Context and Reporting Period
This Form 6-K filing by Southeast Airport Group (ASUR) covers the month of January 2005, specifically reporting operational results for December 2004. ASUR is a Mexican airport operator managing concessions in nine airports in southeastern Mexico, including Cancun, Merida, and Cozumel. The company is listed on the NYSE (ASR) and the Mexican Bolsa (ASUR).
Key Financial and Operational Metrics
The filing provides operational passenger traffic data but does not contain financial statements regarding revenue, profit, cash flow, margins, debt, or liquidity.
- Total Passenger Traffic (December 2004): 1,150,559
- Total Passenger Traffic (December 2003): 1,054,299
- Year-over-Year Growth: 9.1%
- Exclusions: Transit and general aviation passengers are excluded from these figures.
Passenger Traffic by Airport (December 2004 vs. 2003)
| Airport | Dec 2004 | Dec 2003 | % Change |
|---|---|---|---|
| Cancun | 812,649 | 742,590 | 9.4% |
| Cozumel | 47,174 | 32,924 | 43.3% |
| Huatulco | 26,221 | 24,682 | 6.2% |
| Merida | 80,896 | 83,406 | -3.0% |
| Minatitlan | 10,041 | 11,074 | -9.3% |
| Oaxaca | 48,812 | 41,880 | 16.6% |
| Tapachula | 18,235 | 19,192 | -5.0% |
| Veracruz | 47,951 | 41,514 | 15.5% |
| Villahermosa | 58,580 | 57,037 | 2.7% |
Material Changes
Compared to the prior comparable period (December 2003), total passenger traffic increased by 9.1%. Significant growth was observed at Cozumel (43.3%), Oaxaca (16.6%), and Veracruz (15.5%). Conversely, traffic declined at Merida (-3.0%), Tapachula (-5.0%), and Minatitlan (-9.3%).
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 operational traffic announcement.
Investor Verification Checklist
- Verify the conversion of passenger traffic growth into revenue impact, as financial figures are not included in this filing.
- Review the full annual report (Form 20-F) for comprehensive financial data including debt levels and liquidity.
- Investigate the specific causes for the significant traffic decline at Minatitlan (-9.3%) and Merida (-3.0%).
- Confirm the impact of the 43.3% growth at Cozumel on overall profitability given its smaller base volume.