Page 27 - Special Issue Asutil Conference 2025

INSIDER

ASUR’s Q1 results show revenue growth despite mixed passenger traffic

Mexican Airport Operator Asur Colombia increased by 6.4%, 2025, and that from 2026, traffic in Cancun
(Grupo Aeroportuario del Sureste) reported reflecting an increase of 15.1% and 3.9% will not be directly affected by the new
its first quarter results for 2025, with in international and domestic traffic, airport.
revenues reaching Ps.8,787.5 million, respectively. During Q1, ASUR invested $645
an increase of 18.2% year-over-year; On a less positive note, Mexico million pesos in diverse capital expenditure
commercial revenues per passenger grew decreased by 4.8%, reflecting a fall of projects. The cash was mainly invested
by 17.5% during the same period. 7.5% in international traffic and 0.7% in modernization and expansion efforts in
Passenger traffic performance was in domestic traffic. Traffic in ASUR’s the company’s Mexican airports with the
mixed – ASUR posted traffic increases Mexican airports fell due to the timing of reconstruction and expansion of Terminal
of 10.6% in Puerto Rico and 6.4% in the Easter holidays. 1 of Cancun Airport, as well as Terminal
Colombia, but a decrease of 4.8% in In addition, Cancun, the group’s expansion in Oaxaca Airport. Work at
Mexico. largest airport, continues to be negatively Terminal 1 should be completed in 2026.
Puerto Rico’s increase was driven by affected by the initial start-up of operations The US$470m project to double the size of
growth of 10.6% and 9.9% in international at the new airport in Tulum. ASUR expects Cancun’s Terminal 4 remains on track for
and domestic traffic, respectively. that Tulum will reach 2.9 million during completion by the end of 2028.

Positive passenger traffic spurs growth at Latin American Airports

Argentina Janeiro and Santiago de Chile, posted solid from the city’s Metropolitan airport at
Following last year’s disappointing air gains. Santos Dumont to Galeão continued and
traffic results, ANAC, the Argentine Civil With the strong peso making domestic traffic increased by 20.3% to
Aviation Authority, reported total passenger Argentina more expensive for North 3.61 million for the first four months of the
traffic at the country’s airports increased American and European travelers, inbound year. International traffic also posted an
12% to 13.16 million passengers in the first tourism appears to be down but there are no extremely healthy increase, rising 33.96%
quarter of 2025 official figures confirming this. to 2.13 million. Total traffic increased by
International traffic remained strong 25.05% to 5.74 million.
January through March, increasing to 4.34 Brazil
million, up 24% on the same three months Traffic figures at Brazil’s biggest Chile & Peru
in 2024. airport, Sao Paulo Guarulhos, are also more Meanwhile, there was mixed news
Domestic traffic was up 7% to 8.82 positive compared to last year. Total traffic from Chile. Domestic traffic reached 5.83
million for the first quarter, improving for the first four months of 2025 reached million, a slight increase of 0.5% compared
significantly from the 8.3% decline last 14.64 million, an increase of 6.31% on the to last year. International traffic growth was
year. same period in 2024. International traffic stronger, reaching 4.33 million, up 11.8%
There could be a number of reasons rose by 6.4% to 5.32 million and domestic Total traffic reached 10.16 million, an
for the strong turnaround. The economy traffic also increased, reaching 9.32 million, increase of 5.0% on the previous year.
is improving, and Argentine travelers are up 6.27% compared to the same months the In Peru, Lima has continued the
taking advantage of the favorable exchange previous year. growth recorded in 2024 but at a slightly
rate of a stronger Peso. Miami and Madrid Last year’s positive trend at Rio reduced level. Total traffic for the first four
were important destinations and regional de Janeiro Galeão continued in early months of 2025 was 8.25 million, up 8.1%
airports, including Sao Paulo, Rio de 2025. The redirection of domestic traffic on the previous year.

Buquebus to debut world’s largest retail shop onboard a vessel on
newest ferry

Buquebus’s newest ferry, the China when fully fitted out. The 250-ton battery million on the vessel, with $170 million
Zorilla, was launched at the Incat Shipyard system installed on the China Zorilla is coming from a special blue loan applied to
in Tasmania at the beginning of May and four times larger than any other electric sustainable passenger transport projects,
is currently undergoing sea trials in the vessel in the world. and managed by the Banco Santander de
River Derwent in Australia. This is the Following sea trials, the vessel will Uruguay and the International Finance
ninth vessel that Buquebus has purchased be transferred to Montevideo for final Corporation.
from Incat. The ferry will have a 2,300 sqm outfitting and the installation of furniture Buquebus confirmed that the arrival of
duty free shop that is reportedly the largest and merchandising units in the duty free the China Zorrilla will make a significant
single retail unit on board a ferry anywhere shop. Buquebus expects the ferry to go into reduction in carbon emissions on fluvial
in the world. service in Q4 of this year initially on the transport on the River Plate.
The new all-electric ferry will have a Buenos Aires – Colonia route.
capacity for 2,100 passengers and 226 cars Buquebus has invested a total $186

27 June 2025 ASUTIL Special Issue