ASR Shares Plunge 3.25% on Weak Mexico Traffic

Southeast Airport Group (ASR) shares fell 3.25% intraday, marking the lowest level since November 2024, with a cumulative decline of 11.35% over the past three days.

The recent decline in Southeast Airport Group's stock price can be attributed to the company's March 2025 passenger traffic report. The report revealed a 1.2% increase in total passenger traffic compared to the same period last year, but significant regional variations were noted. Puerto Rico showed robust growth of 13.7%, while Mexico, ASUR's largest market, experienced a decline of 3.0%. The weakness in Mexico, which accounts for approximately 60% of ASUR’s total passenger volume, may indicate challenges in the tourism sector, particularly with international traffic down by 5.7% and key tourist destinations like Cancun declining by 4.4%.

The shift in the Holy Week calendar from March 2024 to April 2025 partially explains these figures and may impact upcoming April comparisons. Colombia’s international traffic growth of 8.4% suggests expanding connectivity and tourism growth in this developing market. Year-to-date metrics show total traffic nearly flat at 0.2% growth, with Puerto Rico continuing strong growth, while Mexico declined by 4.8%.