MEXICO CITY, Oct. 20, 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 nine-month periods ended September 30, 2011.

3Q11 Highlights(1):

• EBITDA(2) increased by 44.95% to Ps.588.21 million

• Total passenger traffic was up 8.15%

• Total revenues increased by 9.78% due to increases of 12.75% in aeronautical revenues and 13.34% in non-aeronautical revenues, which more than offset the 11.85% decline in construction services revenues

• Commercial revenues per passenger increased by 7.11% to Ps.64.39

• Operating profit rose by 64.71%

• EBITDA margin increased to 56.07% from 42.47%  in 3Q10

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 nine-month periods ended September 30, 2011, and the equivalent three and nine-month periods ended September 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. 13.7994.
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 third quarter of 2011, total passenger traffic increased year-over-year by 8.15%. Domestic passenger traffic rose 12.07% while international passenger traffic increased 4.65%.

The 12.07% increase in domestic passenger traffic was due to increases of 9.95%, 151.76%, 37.23%, 37.28%, 10.30%, 5.12% and 4.47% in domestic traffic at Cancun, Cozumel, Huatulco, Villahermosa, Merida, Veracruz and Oaxaca, respectively. These increases were partially offset by the 26.17%, and 8.24% declines in passenger traffic at Tapachula and Minatitlan. The 4.65% increase in international passenger traffic resulted mainly from an increase of 5.59% in international traffic at the Cancun airport.

Passenger traffic for the nine-month period ended September 30, 2011 increased 3.00% compared to the same period in 2010, reflecting increases of 5.31% in domestic passenger traffic and 1.44% in international passenger traffic.