juventus
Posts: 2017
Joined: Tue Dec 07, 2004 11:12 pm

Mexico's Asur Airport Group, Posts 20% Jump.

Tue Jul 26, 2005 10:13 pm

Mexico's Asur, the operator of nine airports including one serving the Caribbean beach resort Cancun, posted a 20 percent increase in second quarter net profit as Mexico's tourism industry enjoys a boom.

Asur said on Monday its April-June net profit was MXP161 million pesos (USD$15 million), up from MXP134 million (USD$12.5 million) in the same period a year earlier.

Revenue climbed 11 percent to MXP573 million (USD$53.3 million), mainly from higher passenger traffic through its airports. Passenger numbers rose 6.7 percent in the quarter.

Mexico, one of the top 10 tourist destinations in the world, enjoyed a record year in 2004 and was on track to do even better this year.

About 9.35 million foreign tourists visited Mexico in the first five months of 2005, up more than 10 percent from last year as the country benefits from fears of terrorist attacks in other international tourist destinations.

Asur operates Cancun Airport as well as the terminals in the resorts of Cozumel and Huatulco. It also runs the airports in the cities of Oaxaca, Veracruz and Villahermosa.

In the second quarter, its earnings before interest, taxes, depreciation and amortization -- EBITDA -- rose 10 percent to MXP357 million (USD$33.2 million).

(Can you imagine what would happen if GOL Brasil sets a hub at Cancun)
 
ghost77
Posts: 4461
Joined: Wed Mar 01, 2000 2:07 pm

RE: Mexico's Asur Airport Group, Posts 20% Jump.

Wed Jul 27, 2005 7:33 am

Quoting Juventus (Thread starter):
(Can you imagine what would happen if GOL Brasil sets a hub at Cancun)

It will help a lot to CUN airport to get to the 25M pax for 2015 and to become LATAM's second biggest airport after MEX! GOL México is to create a hub at CUN! They will initially fly to 10 destinations-10 aircrafts with projected plans for 30 destinations-30to40 frames for 2010!!!

Ricardo APM
Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
 
juventus
Posts: 2017
Joined: Tue Dec 07, 2004 11:12 pm

RE: Mexico's Asur Airport Group, Posts 20% Jump.

Wed Jul 27, 2005 9:58 pm

Any possibility that CUN could surpass MEX as far as the number of passengers, or aircraft movenments.
 
ghost77
Posts: 4461
Joined: Wed Mar 01, 2000 2:07 pm

RE: Mexico's Asur Airport Group, Posts 20% Jump.

Thu Jul 28, 2005 4:07 am

I highly doubt it. While CUN airport is projecting 25M for 2015, by then, I'm sure MEX will be reaching 35M, this year MEX is projected to reach 24.5M.

Sooner or later MEX will reach it's capacity, but MEX could still grow if all airlines decided to introduce B757s or bigger planes in domestic and international routes in order to increase the average of seats per aircraft per operation which is currently at 125 seats. For instance, at KIX, aircraft average 250 seats. So that's the only alternative for MEX to keep growing, carriers at MEX will need to go back to 80s/90s, offer less frequencies but they will need to increase their capacity in several routes flying widebodies, that's their only way to go if demand keeps growing.


Ricardo APM
Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
 
juventus
Posts: 2017
Joined: Tue Dec 07, 2004 11:12 pm

RE: Mexico's Asur Airport Group, Posts 20% Jump.

Thu Jul 28, 2005 7:21 am

Here is the web site for ASUR, really nice.
http://www.asur.com.mx/asur/index.asp