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: February 7, 2005
Reporting Period: January 2005 (31-day period)
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
Operational Performance (Passenger Traffic):
Total passenger traffic for January 2005 reached 1,275,655, representing a 13.7% increase compared to 1,122,409 in January 2004. Transit and general aviation passengers are excluded from these figures.
| Airport | Jan 2004 | Jan 2005 | % Change |
|---|---|---|---|
| Cancun | 825,661 | 942,722 | 14.2% |
| Cozumel | 44,886 | 62,219 | 38.6% |
| Huatulco | 22,789 | 29,892 | 31.2% |
| Merida | 74,680 | 74,409 | -0.4% |
| Minatitlan | 9,291 | 9,854 | 6.1% |
| Oaxaca | 42,151 | 46,969 | 11.4% |
| Tapachula | 16,710 | 15,974 | -4.4% |
| Veracruz | 38,371 | 41,654 | 8.6% |
| Villahermosa | 47,870 | 51,962 | 8.5% |
| ASUR Total | 1,122,409 | 1,275,655 | 13.7% |
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 153,246 passengers year-over-year.
- Top Performers: Cozumel (38.6% growth) and Huatulco (31.2% growth) showed the highest percentage increases.
- Declines: Tapachula (-4.4%) and Merida (-0.4%) experienced slight decreases in passenger traffic.
- Volume Driver: Cancun remains the primary volume driver, accounting for the majority of total traffic with a 14.2% increase.
Guidance, Outlook, and Risks
Management Commentary: The filing is a routine announcement of operational statistics and does not contain specific forward-looking guidance, management commentary on future strategy, or detailed risk factors.
Unusual Items: No unusual items or contingencies were disclosed in this specific report.
Key Facts for Investor Verification
- Verify if the 13.7% passenger growth in January 2005 translates to proportional revenue growth in the upcoming quarterly financial report.
- Monitor the performance of Cozumel and Huatulco to determine if their high growth rates are sustainable or seasonal anomalies.
- Investigate the causes behind the decline in Tapachula and the stagnation in Merida.
- Confirm the impact of the January traffic increase on the company's full-year 2005 operational targets.