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| Statement |
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| Looking at the quarterly performance by region, Puerto Rico delivered the strongest growth, with traffic up nearly 13%, driven by a solid performance in both domestic and international traffic |
| In the case of bookings, as I said in my initial remarks, we are seeing very good bookings coming from the U.S |
| Commercial revenues were up 70%, above the 1% increase in passenger traffic, driven by the high single-digit increases in Mexico and Colombia both up 8%, together with a 3% growth in Puerto Rico |
| Lastly, Colombia, which represented 11% of revenues, posted a mid-single-digit top line increase, supported by the growth of 3% in aeronautical revenues and 8% in non-aeronautical services, reflecting our sustained focus on expanding our commercial offering across our airport network |
| Mexico, which accounted for 74% of revenues, posted a 6% increase in the top line driven by need to high single-digit growth with aeronautical services up 5% and non-aeronautical services increasing 7%, mainly reflecting higher passenger traffic |
| Wrapping up, we'll finish 2023 on a very solid note, which we believe put us on a solid path going into 2024 and 2025 |
| This brought total traffic for the year to a total record of high over 70 million passengers, with an annual increase of 10% in Mexico, 18% in Puerto Rico and partially offset by a decline of nearly 10% in Colombia |
| In Mexico, traffic increased 4% supported by a low single-digit growth in domestic and international passengers |
| Mexico remains the main driver of profitability, with EBITDA up 5% followed by Puerto Rico with 1% comparable increase |
| Isabela Salazar Regarding the technical assistance fee reduction, I understand that this is a very positive action |
| Total revenues increased nearly 5% to just over MXN 6 billion in the fourth quarter, as growth in Mexico and Colombia was partially offset by weaker performance in Puerto Rico, due to the exchange rate |
| Our long-term opportunities supported by our ongoing investments to further enhance the travel experience of passenger traveling to our airports |
| Starting with traffic, we saw nearly 18 million passengers travel across our airport network, the highest level for a fourth quarter |
| Even at the growth rate, this accelerated to 1% |
| Last, moving on to the balance sheet, we close the year with a strong cash position of nearly MXN 16 billion and a negative leverage ratio of 0.2% -- 0.2x |
| In local currency, Puerto Rico and Colombia posted increases in commercial revenues of 15.2% and 1.2% and in commercial revenues per passenger of approximately 2.4% and 19.1% respectively |
| On a per passenger basis, commercial revenues reached MXN 119, up 6% on a consolidated basis and for country in Mexico and Colombia, commercial revenues per passenger increased 4% and 20% respectively, while Puerto Rico decreased nearly 9% |
| So in the case of Viva, they were able to increase the average seats and also the increase of passenger traffic, but they were not able to offset the decrease of the Volaris |
| Avianca and Latam Airlines have been absorbing some of that traffic starting this March we expect to start seeing a recovery in traffic growing in Colombia |
| Comparable consolidated EBITDA, excluding other non-recurring income in the year-ago quarter, increased 1% to MXN 4.1 billion |
| So that is why the increasing in the case of Colombia is so strong |
| A significant milestone for the quarter was December 2023, approval of the 2024-2028 master development plan for our Mexican Airports |
| These increases partially reflect our initiatives to continue enhancing passenger travel experience |
| The commercial revenue of the passenger, as I said before, in Colombian pesos the increase was really important during the quarter |
| These investments support a new growth phase for Cancun in the years ahead |
| Continue to expand our commercial offerings and extend capacity to support future growth, while maintaining a balanced use of cash |
| On behalf of ASUR, we wish you a good day and goodbye |
| Traffic driven from the United States and Canada remain the key growth engine, while domestic traffic is experiencing the initial effects of Pratt & Whitney engine problems |
| This approval occurred under the government's new regulations and increase of the concession fee to 9% from the 5% of total gross revenues starting from January 3 of this year |
| As part of our continued sustainability efforts, our airports in Mexico renewed their certification at Level 2 under the Airport Carbon Accreditation program |
| Statement |
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| By contrast, Colombia posted a 23% drop in EBITDA, impacted by disrupted passenger traffic |
| Lastly, Colombia posted a 13% decline in traffic and domestic travel remained impacted by the suspension of 2 local airlines in February of last year, partially offset by a 2% increase in international travel |
| I just wanted to get some more color on where you're seeing the margin for this year? Adolfo Castro Well in the case of Pratt & Whitney, as I said in the initial remarks, we are seeing weaker passenger traffic for the domestic side |
| This airport accounted for 45% of the domestic passenger traffic in 2023, and those is also expected to negatively impact domestic traffic this year |
| Puerto Rico, which accounted for 14% of total revenues, reported a 1% decline in revenues mainly due to the 4% decrease in aeronautical revenues, partially offset by a 2% increase in commercial revenues |
| Additionally, the strength of the Mexican peso has been impacting the results for the quarter |
| Also, not working as from January 8, the Mexico City airport reduced its air traffic movements per hour to 43 from 52 |
| It appears that we have lost Mr |
| Just to say that during the month of January, we lost in terms of domestic traffic to and from Mexico City around 100,000 |
| But of course, together with the passenger traffic decreased, the results in Colombia doesn't look well, what I hope is that this year, with the end of this situation with the two airlines, as from March, we will see a different situation |
| And of course, that is having also an impact on our passenger traffic |
| In the case of the airports in Dominican Republic, the situation is that there was a legal process that stopped the beginning of the construction |
| On December 21 of last year, the Supreme Court of Justice rejected the appeal filed by the Airport International Bavaro against judgment that suspended the permit to start construction previously issued by the Civil Aviation Institute |
| In the case of the Dominican Republic, as I said before, until we get the final rulings on these legal procedures we have there, we will not be able to start the construction of the airport |
| On traffic, how much of an impact are you seeing in domestic traffic from this Pratt & Whitney inspection schedule? We just saw Volaris say that they secured additional capacity to compensate for the impact |
| We did see them go up more than expected this quarter |
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