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3Q13 passenger traffic up for Asur

Mexican airport operator Grupo Aeroportuario del Sureste SAB de CV (NYSE: ASR) (BMV: ASUR) said that its EBITDA increased by 16.44% during 3Q13 to Ps 805.52m while total passenger traffic was up 10.66%.

Total revenues increased by 7.19%, as increases of 8.81% in aeronautical revenues and 15.72% in non-aeronautical revenues more than offset the 22.47% decline in construction services revenues.

Commercial revenues per passenger increased by 5.06% to Ps.71.25 while operating profit increased by 18.49%.

EBITDA margin rose to 61.50% from 56.61% in 3Q12, the firm said.

Passenger traffic for the first nine months of 2013 increased by 9.69%, reflecting increases of 8.66% in domestic passenger traffic and 10.50% in international passenger traffic.

Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico, as well as a 50% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Munoz Marin International Airport of Puerto Rico.

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