{"id":75685,"date":"2021-08-16T20:09:10","date_gmt":"2021-08-16T14:39:10","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/airports-have-more-revenue-and-are-even-more-profitable-than-in-2019\/"},"modified":"2021-08-16T20:09:10","modified_gmt":"2021-08-16T14:39:10","slug":"airports-have-more-revenue-and-are-even-more-profitable-than-in-2019","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/airports-have-more-revenue-and-are-even-more-profitable-than-in-2019\/","title":{"rendered":"Airports have more revenue and are even more profitable than in 2019"},"content":{"rendered":"

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Among the airports that increased their profits, the case of Cancun stands out, the one that generates the most income of the analyzed sample, adding 2,296.8 million pesos in the second quarter of the year, a growth of 4.2%.<\/p>\n

Alejandra Marcos, an analyst at Intercam, explains that this dynamism is linked to the recovery of air traffic, which has also led to an increase in revenues and profit margins.<\/p>\n

\u201cIn cases like Tijuana and Cancun, the recovery was much faster. In Cancun you already have the same level of traffic compared to 2019 figures, the same happens in Tijuana, “he says.<\/p>\n

Several airports have even improved their profitability indicators. When comparing the operating flows \u2013or Ebitda\u2013 of the complexes, Mazatl\u00e1n shows the highest increase (83.1%), followed by other medium-volume flows such as Ciudad Ju\u00e1rez 54.6%) and Zihuatanejo (53.4%).<\/p>\n

Regarding the airports with the highest income and traffic, Cancun still presents a drop in Ebitda compared to pre-ndemic levels (of 1.8%), but in others such as Monterrey and Tijuana there are also increases.<\/p>\n

Part of these results are due to higher volumes of passengers, explains Marcos. However, not all revenues maintain the same rate of recovery. In particular, non-aeronautical revenues – those derived from the establishments of duty free<\/i>, paying for advertising or renting commercial spaces, among others – have remained under pressure. This has been the case of Tijuana, which despite growing 25.6% in aeronautical revenues due to having more passengers, still registers a 2.6% drop in non-aeronautical revenues.<\/p>\n

The performance of the complexes led the airport groups to register a quarter of good results. In the period, Grupo Aeroportuario del Pac\u00edfico (GAP, which has the Tijuana and Los Cabos concessions, among others) had an increase of 11.3% in its revenues compared to 2019 and 18.8% in its net profit, while Grupo Aeroportuario del Sureste (Asur, which has between its airports in Cancun and M\u00e9rida, among others) increased its revenues by 3.9%, although it had a lower net profit of 13%.<\/p>\n

Grupo Aeroportuario del Centro Norte (OMA, with the airports of Monterrey and Ciudad Ju\u00e1rez, among others) had an increase of 0.6% in its revenues and a decrease of 26.9% in its net profit, pressured by having a more oriented portfolio of complexes to business trips and medium airports.<\/p>\n

This is mainly related to the fact that the purchasing power of airport users has not fully recovered, says Marcos.<\/p>\n

\u201cThe destination must have one of two components: be a business destination, like Monterrey, or a tourist destination, like Cancun. Medium airports do not comply with any, they do not have that sufficient scale \u201d, says the Intercam specialist.<\/p>\n

For the rest of the year, a volatile environment is still expected, mainly due to contagion levels and new variants, such as Delta.<\/p>\n

“We could see a bit of volatility in this segment during the last half of the year, depending on how the new strains of the pandemic develop,” says the firm BX + in an analysis of the second quarter of the year.<\/p>\n<\/p><\/div>\n