Airports

ASUR reports third quarter results

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ASUR reports third quarter results

Airport operator group ASUR reported revenues of 7.48bn pesos ($129.1 million) in its third quarter 2024 earnings, up 18.1% over the same period last year. Its consolidated EBITDA increased 12% to 4.7bn pesos (). The company's net income totalled 3.47bn pesos ($173.3 million), up 23.8% from last year.

ASUR's total passenger traffic for the quarter declined 2.1% from last year, with Mexico traffic down 10.1%, while Puerto Rico traffic increased 4.6% and Colombia was up 15.5%. 

The company's net debt was up 29.2% to 5.85bn pesos in the quarter. Additionally, it held 18.48bn pesos ($922.6 million) of cash & cash equivalent as of the quarter's end. Its net debt to LTM EBITDA was 0.3x at the quarter's end.