Sureste Weathers Natural Disasters in Mexico and Puerto Rico, Posting Solid 3Q Results
Wide-moat Sureste reported third-quarter results after market close on Oct. 19 that featured higher year-over-year passenger traffic despite multiple natural disasters in the region. Passenger traffic in Mexico increased 8.1% year over year to 7.8 million, thanks to Cancun avoiding serious tropical storm damage and experiencing healthy growth in international and domestic traffic. Bolstered by higher traffic, aeronautical revenue for the Mexico operations jumped 13.8% to MXN 1.3 billion, and non...
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