Mexico's Asur Oct. passenger traffic down 7.2 pct

Fri Nov 6, 2009 9:50am EST
 
[-] Text [+]

MEXICO CITY, Nov 6 (Reuters) - Mexican airport operator Grupo Aeroportuario del Sureste said on Friday its October passenger traffic fell 7.2 percent from a year before, hurt by declines in six of its nine destinations, including the resort of Cancun.

The company, known as Asur (ASURB.MX) (ASR.N), is slowly recovering from the harsh effects of a flu outbreak in Mexico earlier this year that halted key chunks of the economy for several days and scared tourism away.

In May, Asur's traffic plunged 51 percent but subsequent monthly results have shown less abrupt declines. The company's shares slipped 0.23 percent to 57.45 pesos in early dealings on Friday. (Reporting by Cyntia Barrera Diaz, editing by Gerald E. McCormick)

 

Featured Broker sponsored link

Analysis

Sheikh Mohammed bin Rashid al-Maktoum (C), Ruler of Dubai and United Arab Emirates' Vice President, attends the opening ceremony of Metro Dubai September 9, 2009.  REUTERS/Dubai Ruler Media Office/Handout
"Dubai model" was the vision of one man

The "Dubai model" -- building shining cities in the desert at breakneck speed through the import of foreign residents, finance and labor -- is now on the ropes.  Full Article