ASR shares face short-term pressure as total passenger traffic falls 1.2% YoY, driven by a 4.6% drop in Mexico and 3.2% in Puerto Rico, partially mitigated by growth in South American operations.
ASR reported a 1.2% year-over-year decline in total passenger traffic, primarily driven by significant volume contractions in its core markets of Mexico and Puerto Rico. While the company saw growth in Colombia and Brazil, these gains were insufficient to offset the broader regional weakness, even with the inclusion of one month of operations from the newly acquired CPC Aeroportos.
The results include one full month of operations from the acquisition of CPC Aeroportos, which operates 20 airports.
Mexico saw a 4.6% decline and Puerto Rico saw a 3.2% decline in passenger traffic.
Grupo Aeroportuario del Sureste reported a 1.2% year-over-year decline in total passenger traffic. Weakness in the Mexican and Puerto Rican markets outweighed gains in Colombia and Brazil, despite the integration of CPC Aeroportos operations.
The decline was primarily driven by a 4.6% decrease in Mexico and a 3.2% decrease in Puerto Rico, which were not fully offset by growth in Colombia and Brazil.