MEXICO CITY, Aug. 5 /PRNewswire-FirstCall/ -- 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 others in the southeast of Mexico, announced today that on August 2, 2010 Compania Mexicana de Aviacion S.A. de C.V. ("CMA"), one of Mexico's two largest carriers, filed for bankruptcy protection in Mexico and the United States.
Mexicana (not including Mexicana Click, formerly known as Aerovias Caribe, or Mexicana Link, which are reportedly not under financial distress and were not part of the bankruptcy filing) accounted for Ps.62.2 million in accounts receivable at June 30, 2010 and accounted for 4.1% of ASUR's revenues for the six months ended June 30, 2010 and 4.3% of ASUR's revenues for the year ended December 31, 2009, primarily from domestic passengers.
Although ASUR anticipates that a significant portion of Mexicana's traffic would migrate to other carriers if its operations were curtailed, ASUR does not have contracts with any airlines, including Mexicana, that obligate them to continue providing service to our airports, and we can offer no assurance that competing airlines would seek to increase their flight schedules if Mexicana reduced its use of our airports. If Mexicana were to cease operations as a result of its bankruptcy filing, ASUR's business and results of operations could be adversely affected if traffic does not migrate to our other airline customers.
About ASUR:
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares.
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
CONTACT: Lic. Adolfo Castro, ASUR, +52-55-5284-0408,
acastro@asur.com.mx; Susan Borinelli, +1-646-330-5907,
sborinelli@breakstone-group.com, or Maura Gedid, +1-646-452-2335,
mgedid@breakstone-group.com, both of Breakstone Group
