A recent analysis by Monex Casa de Bolsa has revealed a significant decline in passenger traffic at Grupo Aeroportuario del Sureste (Asur) airports, including Cancún and Cozumel, due to the integration of Tulum International Airport into the airport system.
According to data from January to April, Asur handled 14.46 million passengers, marking a 3.6% annual drop. This decline was largely attributed to lower international travel, which saw an 8.22 million passenger decrease, a 6.6% annual drop.
The Cozumel and Cancún airports bore the brunt of this decline, with annual drops of 22.3% and 6.9%, respectively. The analyst attributed these downward adjustments in international passenger traffic to the integration of Tulum airport into the airport system in southern Mexico.
However, Asur’s diversified portfolio, including airports in Puerto Rico and Colombia, has allowed it to remain resilient despite the decline. According to Brian Rodríguez, an aviation analyst at Monex, “Although Asur performed the least well among the three groups, improvements will be seen gradually.”
In contrast, passenger traffic for The Pacific Airport Group (GAP) and North Central Airport Group (OMA) was positive during the same period. GAP saw a 5.4% annual growth, driven primarily by strong performance at airports in Guadalajara, Tijuana, Puerto Vallarta, and Los Cabos.
Meanwhile, OMA recorded an impressive 11.7% annual growth, transporting nearly 9 million passengers largely due to business segment and nearshoring activities.
The analyst expects the three groups to continue growing, with a forecasted increase of between 4% and 5% in the first half of the year. The trade negotiations between the United States and China have given analysts confidence that the economy will perform better.
Regarding cash flow and revenue generation, all three groups appear attractive, with double-digit growth in the first quarter.
Source: Reforma
