MEXICO CITY, July 25, 2011 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR; BMV:ASUR), (ASUR) the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, today announced results for the three and six-month periods ended June 30, 2011.

2Q11 Highlights(1):

• EBITDA(2) increased by 10.00% to Ps.621.29 million
• Total passenger traffic was up 2.89%
• Total revenues increased by 7.07% due to increases of 5.38% in aeronautical revenues, 9.34% in non-aeronautical revenues and 9.39% in construction services revenues
• Commercial revenues per passenger increased by 8.26% to Ps.66.22
• Operating profit rose by 10.69%
• EBITDA margin increased to 56.76% from 55.25% in 2Q10

(1)  Unless otherwise stated, all financial figures discussed in this announcement are unaudited, prepared in accordance with Mexican Financial Reporting Standards (MFRS) and represent comparisons between the three and six-month periods ended June 30, 2011, and the equivalent three and six-month periods ended June 30, 2010. Results are expressed in nominal pesos. Tables state figures in thousands of pesos, unless otherwise noted. Passenger figures exclude transit and general aviation passengers. Commercial revenues include revenues from non-permanent ground transportation and parking lots. All U.S. dollar figures are calculated at the exchange rate of US$1 = Ps. 11.7230.

(2)  EBITDA means net income before: provision for taxes, deferred taxes, profit sharing, non-ordinary items, comprehensive financing cost and depreciation and amortization. EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance or as an alternative to cash flow as an indicator of liquidity. Our management believes that EBITDA provides a useful measure of our performance that is widely used by investors and analysts to evaluate our performance and compare it with other companies. EBITDA is not defined under U.S. GAAP or MFRS and may be calculated differently by different companies.  

Passenger Traffic

For the second quarter of 2011, total passenger traffic increased year-over-year by 2.89%. Domestic passenger traffic rose 5.73% while international passenger traffic increased 0.90%.

The 0.90% increase in international passenger traffic resulted mainly from an increase of 1.18% in international traffic at the Cancun airport.

The 5.73% increase in domestic passenger traffic was due to increases of 8.44%, 13.77%, 20.73% and 12.20% in domestic traffic at Cancun, Villahermosa, Huatulco and Merida, respectively. These increases were partially offset by the 18.44%, 22.51%, 9.78% and 5.91% declines in passenger traffic at Oaxaca, Minatitlan, Tapachula and Veracruz.

Passenger traffic for 1H11 increased 0.69% compared to 1H10, reflecting increases of 1.48% in domestic passenger traffic and 0.23% in international passenger traffic.