Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q2 2022 Earnings Conference Call July 26, 2022 10:00 AM ET
Company Participants
Adolfo Castro - Chief Executive Officer
Conference Call Participants
Alejandro Zamacona - Credit Suites
Lucila Gomez - Compass Group
Stephen Trent - Citi
Rodolfo Ramos - Bradesco BBI
Anton Mortenkotter - GBM
Pablo Monsivais - Barclays
Gabriel Himelfarb - Scotiabank
Guilherme Mendes - JPMorgan
Operator
Good day, ladies and gentlemen, and welcome to ASUR's Second Quarter 2022 Results Conference Call. My name is Anna and I'll be your operator. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session towards the end of today’s conference. [Operator Instructions] As a reminder, today's call is being recorded.
Now I'd like to turn the call over to Mr. Adolfo Castro, Chief Executive Officer. Please go ahead sir.
Adolfo Castro
Thank you Anna, and good morning, everyone. Before we get started covering the highlights from the quarter and then taking your questions. Let me remind you that certain statements made during the call may constitute forward-looking statements, which are based on current management expectations and beliefs and the subject to several risks and uncertainties that may cause actual results to differ materially, including factors that may be beyond our company's control, including the impact from COVID-19. As usual, additional details about our quarterly results can be found in our press release, which was issued yesterday after market close and is available on our website Investor Relations section.
Now moving on to a review of passenger traffic and travel demand during the quarter. Total traffic was over 39% year-on-year and exceeded second quarter2019 levels by 19% to a record of 16.7 million passengers in the quarter. We continue to see steady growth throughout the quarter across the three geographies.
Now looking at a recovery trend by region against pre-pandemic levels of the second quarter 2019, once again Colombia posted the strongest recovery, up 43% with domestic traveling, increasing in the low 40s and international travel in the low 50s. Puerto Rico saw a 15% increase in traffic, mainly driven by domestic traffic that was up in the high teens, although relatively flat sequentially. In turn international travel continues its gradual recovery reaching 88% of the second quarter 2019 levels.
Traffic in Mexico surpassed second quarter 2019 levels by nearly 13%. With international travel up in the high teens despite higher air fares driven by strong leisure travel demand from all key regions with the exception of Canada, which remains at 57% of the last 12 months 2019. This has been more than offset by strong US traffic while the last 12 months European tourism is just 8% below pre-pandemic levels.