ASR · ASR Q2 FY2026 earnings call record财报电话会记录

“Our under-levered balance sheet enables to fund these transaction with debt, while at the same time preserving financial flexibility for other high-return projects, including dividend payments.”

“Total traffic declined 2.7% year-on-year to approximately 17 million passengers, reflecting softer performance in Mexico and Puerto Rico, partially offset by continued growth in Colombia.”

“Airline capacity constraints, Spirit bankruptcy, and higher airfares partially reflected elevated jet fuel prices also affected demand.”

“Passenger volumes to and from the U.S., Europe, South America, and Mexico decreased by 11.7%, 11.8%, 6.5%, 1.9% respectively, while Canada increased 10.5%.”

“While near-term conditions in Mexico and Puerto Rico remain challenging, we continue to view much of the current pressure as capacity and affordability-related rather than a change in the long-term fundamentals of the travel demand.”

“Softer performance in Mexico and Puerto Rico resulted from lower traffic and FX headwinds, given the strength of the Mexican peso.”

“Adjusted EBITDA margin declined 560 basis points year-over-year to 62% due to lower revenues in Mexico and Puerto Rico and the consolidation of the U.S.”

“We ended the quarter with cash and cash equivalents of nearly MXN 12 billion, and Net Debt to EBITDA of 0.9X last 12 months EBITDA.”

“We remain disciplined with the capital allocation and cautious in our outlook while continuing to create long-term, sustainable value for our shareholders, complemented with attractive dividend payments.”

“I don't know if you're seeing still extraordinary expenses on the Motiva acquisition, and how can those evolve going forward?”

“I just wanted to hear your expectations for growth there going forward and what is driving the weakness we saw in June, but also in the months prior to that.”

“Should we consider it the second quarter as a bottom for ASUR in terms of traffic, margins, costs, tariffs?”