Grupo Aeroportuario del Sureste, S. A. B. de C. V. together with its subsidiaries, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico.
As operators of the airports, the company charges airlines, passengers and other users' fees for the use of the airports' facilities. The company also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The company's Mexican co...
Grupo Aeroportuario del Sureste, S. A. B. de C. V. together with its subsidiaries, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico.
As operators of the airports, the company charges airlines, passengers and other users' fees for the use of the airports' facilities. The company also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The company's Mexican concessions include the concession for Cancún Airport. The company also holds concessions to operate the airports in Cozumel, Huatulco, Merida, Minatitlán, Oaxaca, Tapachula, Veracruz and Villahermosa.
The company owns a controlling interest in Airplan. Airplan has concessions to operate the following airports in Colombia: the Enrique Olaya Herrera Airport in Medellín, the Jose María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó and the Las Brujas Airport in Corozal.
In addition, the company's subsidiary Aerostar holds a lease to operate, maintain and develop the LMM Airport, in San Juan, Puerto Rico, for an initial term of forty (40) years from February 27, 2013 (the 'LMM Lease').
Mexico
The company's Mexican airports served approximately 41.4 million passengers in 2024.
The United States is a significant source of passenger traffic volume in the company's Mexican airports. In 2024 international passengers represented 52.2% of the total passenger traffic volume in the company's Mexican airports. In 2024, 62.2% of the international passengers in the company's Mexican airports traveled on flights originating in or departing to the United States. As of December 31, 2024, four Mexican and 15 international airlines, including United States-based airlines, such as American Airlines and United Airlines, operated flights, directly or through code-sharing arrangements (where one aircraft has two or more flight numbers of different, allied airlines), that originated from or departed for the United States at the company's Mexican airports.
Aeronautical Services
Aeronautical services represent the most significant source of the company's revenues at its Mexican airports. All the company's revenues from aeronautical services are regulated under the dual-till price regulation system applicable to its Mexican airports.
The company's revenues from aeronautical services are derived from: passenger charges, landing charges, aircraft parking charges, charges for the use of passenger walkways and charges for the provision of airport security services. In 2024, 59.3% of the company's consolidated revenues, were derived from aeronautical services.
Passenger Charges
At its Mexican airports, the company collects a passenger charge for each departing passenger on an aircraft (other than diplomats, infants and transfer and transit passengers). From time to time, including in 2024, the company had offered discounts on passenger charges at certain of its airports.
Aircraft Landing and Parking Charges, Passenger Walkway Charges and Airport Security Charges
At its Mexican airports, the company collects various charges from carriers for the use of its facilities by their aircraft and passengers. For each aircraft's arrival, the company collects a landing charge that is based on the average of the aircraft's maximum takeoff weight and the aircraft's weight without fuel. The company also collects aircraft parking charges based on the time an aircraft is at an airport's gate or parking position. Parking charges at several of the company's Mexican airports vary based on the time of day that the relevant service is provided. The company collects aircraft parking charges the entire time an aircraft is on its aprons. Airlines are also assessed charges for the connection of their aircraft to the company's terminals through a passenger walkway. The company also assesses an airport security charge, which is collected from each airline based on the number of its departing passengers. The company provides airport security services at its airports through third-party contractors. The company also provides firefighting and rescue services at its airports.
Non-Aeronautical Services
At its Mexican airports, non-aeronautical services have historically generated a proportionately smaller portion of the company's revenues. The company's revenues from non-aeronautical services are derived from commercial activities (such as the leasing of space in its airports to retailers, restaurants, airlines and other commercial tenants) and access fees charged to providers of complementary services in its airports (such as catering, handling and ground transport). In 2024, 31.6% of the company's consolidated revenues, were derived from commercial revenues from its Mexican airports as defined under the Mexican Airport Law and from its international airports (Puerto Rico and Colombia), the dates on which it began consolidating the results of Puerto Rico and Colombia.
The leasing of space in the company's Mexican airports to airlines and other commercial tenants represents the most significant source of its revenues from non-aeronautical services.
Commercial Activities
Leading international airports generally generate an important portion of their revenues from commercial activities. In 2024, the company opened 12 commercial spaces, including two in Huatulco, five in Mérida, one in Minatitlán, two in Tapachula, one in Veracruz and one in Villahermosa.
Within its nine Mexican airports, the company leased 611 commercial premises through 432 contracts with tenants as of December 31, 2024, including restaurants, banks, retail outlets (including duty-free stores), currency exchange bureaus and car rental agencies. The company's most important tenants in terms of occupied space and revenue in 2024 were Dufry Mexico and Controladora Mera and its affiliates.
Access Charges
At each of its Mexican airports, the company earns revenues from charging access fees to various third-party providers of complementary services, including luggage check-in, sorting and handling, aircraft servicing at its gates, aircraft cleaning, cargo handling, aircraft catering services and assistance with passenger boarding and deplaning. The company's revenues from access charges are regulated under its 'dual till' price regulation system. Typically, services are provided by third parties, whom the company charges an access fee based on a percentage of revenues that they earn at its Mexican airports. Under the Mexican Airport Law, third-party providers of complementary services are required to enter into agreements with the respective concession holder at that airport. Nine different contractors provide handling services at the company's nine Mexican airports.
Consorcio Aeromexico, the parent company of Aeromexico, owns Administradora Especializada en Negocios, S.A. de C.V., or Administradora Especializada, the successor company to Servicios de Apoyo en Tierra, or SEAT, a company that provides certain complementary services, such as baggage handling, to various carriers at airports throughout Mexico. SEAT operated at the company's Mexican airports prior to its commencement of operations under its Mexican concessions and continues to do so through its successor company.
Under the Mexican Airport Law, the company is required to provide complementary services at each of its Mexican airports if there is no third party providing such services. Each of its Mexican airports has more than one third party provider of complementary services. Minatitlán Airport has the least third-party providers of complementary services with four.
Automobile Parking and Ground Transport
Each of the company's Mexican airports has public car parking facilities consisting of open-air parking lots.
The company collects revenues from various commercial vehicle operators, including taxi, bus and other ground transport operators. The company's revenues from permanent providers of ground transport services, such as access fees charged to taxis, are regulated activities, while its revenues from non-permanent providers of ground transport services, such as access fees charged to charter buses, are not regulated revenues.
Airport Security
At each of the company's Mexican airports, security services are provided by independent security companies that the company hires. In recent years, the company has undertaken various measures to improve the security standards at its Mexican airports. These measures included increasing the responsibilities of the private security companies that it hires, the implementation, in accordance with regulations issued by ICAO, of an integrated computer tomography and baggage detection system for international and domestic flights to detect explosive traces, the modernization of its carry-on luggage scanning and security equipment, the implementation of strict access control procedures to the restricted areas of its Mexican airports, and the installation of a closed-circuit television monitoring system in some of its Mexican airports.
In response to the September 11, 2001, terrorist attacks in the United States, the company has taken additional steps to increase security at its airports. At the request of the Transportation Security Administration of the United States, the former General Office of Civil Aviation (the AFAC) issued directives in October 2001 establishing new rules and procedures to be adopted at the company's airports. Under these directives, these rules and procedures were to be implemented immediately and for an indefinite period.
To comply with these directives, the company reinforced security by:
increasing and improving the security training of Mexican airport personnel,
increasing the supervision and responsibilities of both the company's security personnel and airline security personnel that operate in its Mexican airports,
issuing new electronic identification cards to Mexican airport personnel,
reinforcing control of different access areas of the company's Mexican airports, and
physically changing the access points to several of the restricted areas of the company's Mexican airports.
Airlines have also contributed to the enhanced security at the company's Mexican airports as they have adopted new procedures and rules issued by the AFAC applicable to airlines.
Fuel
Pursuant to the company's Mexican concessions, the Mexican Airport and Auxiliary Services Agency entered into several agreements, under which it was obligated to pay to each of its subsidiary concession holders a fee for access to its facilities equivalent to 1.0% of the service charge for fuel supply. Pursuant to the concession titles of the company's Mexican airports, only the Mexican Airport and Auxiliary Services Agency was entitled to store and supply fuel in its airports. However, on January 26, 2024, the company received a notice from the SICT informing that such exclusivity was terminated. As of April 10, 2025, one third-party service provider is selling fuel at the company's Mexican airports.
Mexican Airports
In 2024, the company's Mexican airports served a total of 41.4 million passengers, 52.2% of which were international passengers. In 2024, Cancún Airport accounted for 73.4% of the company's Mexican passenger traffic volume and 79.1% of its Mexican revenues.
All the company's Mexican airports are designated as international airports under Mexican law, which indicates that they are equipped to receive international flights and have customs and immigration facilities.
In 2024, the company's Mexican domestic passengers traveled to or from Mexico City through Mexico City International Airport (AICM) 41.6% of its domestic passengers, and through Felipe Ángeles Airport (AIFA) 9.5% respectively, of the company's domestic passengers.
Cancún International Airport
Cancún International Airport (the 'Cancún Airport') is the company's most important airport in terms of passenger volume, air traffic movements and contribution to revenues. In 2024, Cancún Airport was the second busiest airport in Mexico in terms of passenger traffic and the first busiest in terms of international passengers in regular service, according to the AFAC.
During 2024, approximately 30.4 million passengers traveled through Cancún Airport. Cancún is in the state of Quintana Roo. Cancún and its surroundings were the most visited international tourism destination in Mexico in 2024, according to the Mexican Ministry of Tourism. According to Mexican Ministry of Tourism, the Cancún area had 37,145 hotel rooms as of December 31, 2024.
Cancún is located near beaches, coral reefs, ecological parks and Mayan archeological sites. Cancún Airport serves travelers visiting the Mayan Riviera, which stretches from Cancún south to the Mayan ruins at Tulum and includes coastal hotels and resorts in the towns of Playa del Carmen, Tulum and Akumal. According to the Mexican Ministry of Tourism, the greater Cancún area (including the Mayan Riviera) was estimated to have an aggregate of 89,304 hotel rooms as of December 31, 2024.
The airport's facilities include a total of 70 aircraft parking stands, 20 of which are remote aircraft parking stands, Terminal 1 (which has been closed since March 2018), Terminal 2 (which includes a satellite wing), Terminal 3 (which became operational in May 2007), Terminal 4 (which became operational in November 2017) and a general aviation building that handles private aircraft. The airport has 70 gates, 40 of which are accessible by passenger walkways. Terminal 2 has 9 gates accessible by passenger walkways, 3 contact gates and 10 remote gates. Terminal 3 has 17 boarding gates accessible by passenger walkways and 6 remote gates. Terminal 4 has 14 boarding gates accessible by passenger walkways and 4 remote gates. The airport has 811 commercial and airport spaces located throughout Terminals 2, 3 and 4 and one bank branch located in Terminal 2.
Terminal 1 in Cancún Airport, which the company acquired on June 30, 1999, has an area of 20,383 square meters (approximately 234.0 thousand square feet).
As part of the company's commercial strategy, in the fourth quarter of 2005 it completed an expansion of 8,224 square meters (approximately 88.6 thousand square feet) and a remodeling of 1,387 square meters (approximately 14.4 thousand square feet), giving the company a total of 52,522 square meters (approximately 563.3 thousand square feet) in Cancún Airport's Terminal 2. As part of the company's Mexican Master Development Program, it remodeled Terminal 2 in 2014. Specifically, it added security checkpoints and remodeled the space to improve passenger traffic. The remodel freed up space on the ground floor and upper level of Terminal 2 and, as a result, the company was able to add new commercial spaces to the terminal.
On December 6, 2005, the company began construction on Terminal 3, which it opened on May 17, 2007, and which began operations on May 18, 2007. Terminal 3 constitutes the company's most ambitious investment project to date.
Furthermore, to accommodate expected increases in passenger traffic and operations, the expansion of Terminal 3 was completed in 2015 as part of the company's master development program in Mexico. As part of the expansion, the company carried out a remodeling of the security checkpoints, including the installation of additional security lines with X-ray equipment and more waiting areas, an expansion of the baggage reclaim area by approximately 1,800 square meters and the construction of additional carousels with larger flow space, an expansion of the customs area by approximately 1,400 square meters, a remodeling of the check-in area, including an expansion by approximately 700 square meters and the addition of approximately 30 new service counters, and the redesign of the boarding lounge to accommodate six additional contact stands and a mezzanine level for arrivals.
On December 11, 2023, the Ministry of Infrastructure, Communications and Transportation approved the company's request for a new Master Development Plan for 2024 - 2038 as well as the maximum rates applicable to its Mexican airports, which allowed the company to improve and increase the infrastructure of such airports.
Cancún Airport has two runways. The first runway has a length of 3,500 meters (2.2 miles). The second runway, which was completed in 2009, has a length of 2,800 meters (1.7 miles). Along with the second runway, the company also builts a new control tower at Cancún Airport in 2009.
In April 2006, the company obtained a license to develop cargo facilities at Cancún Airport, which are being operated by its subsidiary Caribbean Logistics, S.A. de C.V.
Mérida International Airport
Mérida International Airport (the 'Mérida Airport') serves the inland city of Mérida, which has a population of 987,863, and surrounding areas in the state of Yucatán. In 2024, approximately 3.7 million passengers traveled through Mérida Airport.
Mérida Airport attracts a mix of both business travelers and tourists. The airport has one terminal and one general aviation building, with seven gates accessible by passenger walkways and six boarding positions without walkways.
In 2024, 26,201 metric tons of cargo were transported through Mérida Airport, making it is the company's second airport in terms of cargo volume. In 2024, Mérida represented 35.8% of the company's total cargo volume.
There are 51 commercial spaces operating at Mérida Airport. One business is operated by Grupo de Desarrollo del Sureste, S.A. de C.V. ('GDS') pursuant to a long-term lease contract that terminated on January 1, 2009. This lease allowed GDS to construct and develop the airport's air cargo terminal. Because GDS continued operating the business notwithstanding the termination of the lease, the company initiated legal proceedings to have them evicted. A final judgment was issued in February 2017, terminating the lease agreement and ordering the return of 80,000 leased square meters to the company. In December 2017, an area of 78,000 square meters was judicially delivered to the company, and in May 2018, the company recovered full possession of the building leased to customs agents.
The company's concession provides it the right to collect landing charges and parking charges for aircraft using the cargo terminal.
Cozumel International Airport
Cozumel International Airport (the 'Cozumel Airport') is located on the island of Cozumel in the state of Quintana Roo. The airport primarily serves foreign tourists. During 2024, 712,958 passengers traveled through Cozumel International Airport, most of which were international passengers. Cozumel is the most frequently visited destination for cruise ships in Mexico, hosting 4.6 million cruise ship visitors in 2024. Cozumel has one of the world's largest coral reserves, and many passengers traveling to Cozumel are divers. The airport's most important points of origin and destination are Mexico City, Houston and Dallas.
The airport has a commercial runway with a length of 2,700 meters (1.7 miles). The airport has one main commercial terminal with six boarding positions and a total area of 12,707 square meters (approximately 136.78 thousand square feet). The airport also has a general aviation building for small private aircraft. There are 29 commercial spaces operating at Cozumel Airport.
Villahermosa International Airport
Villahermosa International Airport (the 'Villahermosa Airport') is in the state of Tabasco, approximately 75 kilometers (46.9 miles) from Palenque, a Mayan archeological site. The city of Villahermosa has a population of 1,253,901. Oil exploration is the principal business activity in the Villahermosa area, and most of the airport's passengers are businesspeople working in the oil industry. During 2024, the airport served approximately 1.5 million passengers, substantially all of which arrived on domestic flights. The airport's most important points of origin and destination are Mexico City and Monterrey.
As a result of a modernization project carried out in 2006, the airport's commercial aviation apron was extended by a total of 12,521 square meters (approximately 134.6 thousand square feet), representing an increase of 87.0%. The terminal building was expanded from 5,463 square meters (approximately 58.7 thousand square feet) to 9,584 square meters (approximately 103.2 thousand square feet), representing an increase of 77.0%. There are 26 commercial spaces operating at Villahermosa Airport.
The airport has one runway with a length of 2,200 meters (1.4 miles), which was repaired in 2010. The airport's terminal has eight contact positions, including four with telescopic corridors for the direct boarding and deplaning of passengers between the aircraft and the terminal building.
In February 2014, the Palenque International Airport opened in the city of Palenque, 46.9 miles from Villahermosa.
Oaxaca International Airport
Oaxaca International Airport (the 'Oaxaca Airport') serves the city of Oaxaca, which is the capital of the state of Oaxaca. The city of Oaxaca, located 390 kilometers (243.8 miles) from the Pacific coast, has a population of 462,889. The airport served 1.8 million passengers in 2024, most of which were domestic. The airport's passengers are primarily Mexican businesspeople and tourists; thus, its passenger volume and results of operations are dependent on Mexican economic conditions. Oaxaca is a picturesque colonial city located near several tourist attractions, including the archeological ruins of Monte Alban and Mitla. The airport's most important point of origin and destination is Mexico City and Tijuana.
The airport has one runway with a length of 2,450 meters (1.5 miles) and a terminal building with nine contact positions. The airport also includes a general aviation building for small private airplanes with 38 positions and two additional positions for helicopters. There are 26 commercial spaces operating at Oaxaca Airport.
Veracruz International Airport
Veracruz International Airport (the 'Veracruz Airport') is in the city of Veracruz along the Gulf of Mexico. The city of Veracruz has a population of 758,412. Veracruz is one of the busiest ports in Mexico, accounting for 16.0% of all commercial traffic in Mexican ports, according to the Mexican Bureau of Ports, Veracruz accounted for 12.1% of all waterborne cargo handled by Mexican ports in 2024, being one of the main ports that concentrates the largest cargo movement in the country. In 2024, the airport served approximately 1.7 million passengers. Because the airport's passengers are primarily Mexican businesspeople, its passenger volume and results of operations are dependent on Mexican economic conditions. The airport's most important points of origin and destination are Mexico City, Guadalajara, Monterrey and Cancún.
The original 4,065 square meters (43,700 square feet) of the terminal building at the airport were remodeled in 2005, and an extension of 2,000 square meters (21,500 square feet) was added, representing an increase of 49.0%. In addition, special collapsible jetways were built to protect passengers during boarding and disembarking, along with a new international baggage claim facility and bigger, newer offices and facilities for federal authorities. There are 26 commercial spaces operating at Veracruz Airport.
At the end of 2015, the company concluded an extensive remodeling and expansion project in the terminal building at the Veracruz Airport, as foreseen in its Master Development Program in Mexico. The expansion project has created increased capacity in baggage-screening facilities, queuing areas and counters for check-in, security filters, boarding lounges, luggage-reclaim areas, and public car parking, among other functional areas of the terminal-building complex. The new design of the terminal building also improves the separation of domestic and international passenger flows.
The airport has one perpendicular runway with a length of 2,400 meters (1.5 miles). The airport has one main commercial terminal. The airport also has a general aviation building for small private aircraft with 20 positions and seven additional positions for helicopters.
Huatulco International Airport
Huatulco International Airport (the 'Huatulco Airport') serves the Huatulco resort area in the state of Oaxaca on Mexico's Pacific coast. Huatulco has a population of 46,520 and was first developed as a tourist resort in the late 1980s. The airport served 847,178 passengers in 2024, most of which were domestic. The substantial majority of the airport's passengers are international tourists, although the majority arrive through domestic flights and are classified as domestic passengers because of their connection in Mexico City. The airport's most important point of origin and destination is Mexico City.
The airport has one runway with a length of 3,000 meters (1.9 miles). It was extended from a previous length of 2,700 meters (1.7 miles). The airport's terminal has eight positions for commercial aircraft. The airport has a general aviation building with 18 positions for small private airplanes and one position for helicopters. There are 27 commercial spaces operating at Huatulco Airport.
Tapachula International Airport
Tapachula International Airport (the 'Tapachula Airport') serves the city of Tapachula, which has a population of 390,765 and the state of Chiapas. In 2024, the airport served 614,936 passengers, substantially all of which were domestic. The airport's passenger volume and results of operations are dependent on Mexican economic conditions since virtually all its passengers are domestic. The airport's most important point of origin and destination is Mexico City.
The airport has one runway with a length of 2,000 meters (1.3 miles). The airport has one terminal with two remote boarding positions and two contact positions. The airport also has a general aviation building for small private aircraft with 18 positions and one position for helicopters. There are 16 commercial spaces operating at Tapachula Airport.
Minatitlán International Airport
Minatitlán International Airport (the 'Minatitlán Airport') is located near the Gulf of Mexico, 13 kilometers (8.1 miles) from the city of Coatzacoalcos in the state of Veracruz, 11 kilometers (6.9 miles) from the city of Cosoleacaque and 26 kilometers (16.2 miles) from the city of Minatitlán. The metropolitan area consists of these three cities has a population of 519,882. In 2024, the airport served 152,545 passengers. In 2024, the airport's passenger traffic has increased due to the development of new projects in the region, such as the Interoceanic Corridor of Tehuantepec (Corredor Interoceánico del Istmo de Tehuantepec), a trade and transit route that connects the Pacific and Atlantic Oceans through a railway system. The airport's passengers are principally domestic businesspeople drawn by the area's petrochemical and agriculture businesses. Because the airport's passengers are primarily Mexican travelers, its passenger volume and results of operations are dependent on Mexican economic conditions. The airport's most important point of origin and destination is Mexico City.
The airport has one runway with a length of 2,100 meters (1.3 miles). The airport's main terminal has four remote parking positions. The airport has a general aviation building for small private airplanes with 11 boarding positions and two additional positions for helicopters. There are 13 commercial spaces operating at Minatitlán Airport.
Principal Air Traffic Customers of Mexican Airports
As of December 31, 2024, eight Mexican airlines and 59 international airlines operated flights at the company's nine airports (including airlines operating solely on a code share basis).
VivaAerobus is the Mexican airline that operates the most flights at the company's Mexican airports. Among foreign airlines, American Airlines and United Airlines operate the greatest number of flights to and from the company's Mexican airports.
Seasonality
The company's business is subject to seasonal fluctuations. In general, demand for air travel is typically higher during the summer months and during the winter holiday season, particularly in international markets, because there is more vacation travel during these periods. The company's results of operations generally reflect this seasonality.
LMM Airport
The company, through Aeropuerto de Cancún, own a 60.0% interest in Aerostar. The LMM Airport is located three miles outside of San Juan, Puerto Rico. It is the Caribbean's largest and busiest airport, offering leisure and business travel to over 59 destinations. The LMM Airport serves the capital of San Juan, and it is the primary gateway from Puerto Rico to international destinations and the mainland United States. According to the PRPA, in 2024, 13.2 million passengers, traveled through the LMM Airport. The LMM Airport site covers approximately 1,300 acres of land. The LMM Airport is a short driving distance from the largest hotels in Puerto Rico.
The LMM Airport has an estimated capacity to handle up to 10 million enplanements annually, which is more than double its usage. The LMM Airport consists of two runways and five terminals (Terminals A through E). Terminal A, which is the newest facility at the LMM Airport, opened in June 2012. Terminals B through E were constructed in various stages beginning with Terminals D and E in the late 1950s, then Terminal B in the 1980s and Terminal C in the 1990s. Terminal B was closed in November 2013 for remodeling, and the company reopened the terminal during the fourth quarter of 2014. Terminal E is not in use and Terminal D is in use after renovations.
In 2024, 5 commercial spaces were opened. In 2024, passengers at LMM Airport traveling to and from the mainland United States represented 88% of total passenger traffic. The LMM Airport's passenger segments are primarily divided among leisure, visiting friends and relatives and business.
Principal Air Traffic Customers of LMM Airport
As of December 31, 2024, 23 domestic and 15 international airlines were operating directly or through code-sharing arrangements, where two or more airlines share the same flight and each airline publishes and markets the flight under its own flight number, at LMM Airport.
As of December 31, 2024, scheduled passenger air services at LMM Airport were provided by 21 airlines (together with regional affiliates and other partners).
Colombian Airports
The company's subsidiary Airplan, of which it owns 100.0% of the capital stock, holds a concession to administer, operate, develop and maintain six airports in Colombia.
The company's Colombian airports include José María Córdova International Airport in Rionegro and Enrique Olaya Herrera Airport in Medellín, Los Garzones Airport in Montería, Antonio Roldán Betancourt Airport in Carepa, El Caraño Airport in Quibdó, and Las Brujas Airport in Corozal.
Colombia
Medellín and its outskirts, where the company operates José María Córdova International Airport and Enrique Olaya Herrera Airport, is one of the most-visited cities in Colombia. The company's Colombian airports served approximately 16.7 million passengers in 2024.
Aeronautical Services
Pursuant to Airplan's 2008 concession agreement, the revenues from the company's Colombian airports are divided into two categories: regulated and non-regulated. Regulated revenues consist of revenues derived from aeronautical services. Regulated revenues are regulated by the concession agreement managed by the National Infrastructure Agency (Agencia Nacional de Infraestructura), or ANI, and are listed in certain resolutions issued by the Special Administrative Unit of Civil Aeronautics (Unidad Administrativa Especial de Aeronáutica Civil), or Aerocivil. Each aeronautical service is subject to a maximum tariff, established by Aerocivil. In addition, Aerocivil establishes the methodology and mechanisms to update and collect the tariffs. All tariffs are updated annually based on the Colombian consumer price index (Índice de Precios al Consumidor), or the IPC, and a formula set forth in Aerocivil Resolution 04530 of 2007, as amended by Resolutions 02251 of 2016 and Resolution 031 of 2019 as well as in Aeronautical Regulation No.14 (Reglamento Aeronáutico de Colombia). The company's revenues from aeronautical services are primarily derived from passenger charges for the use of terminals, takeoff, landing and aircraft movement charges, charges for boarding bridges and aircraft parking charges.
Passenger Charges
The company collects a passenger charge for each departing passenger on an aircraft. Passenger charges are established and regulated by Aerocivil pursuant to Resolution 04530 of 2007. Pursuant to Aerocivil regulations and the concession agreement, José María Córdova, Montería and Quibdó Airports apply the same domestic passenger charge, Enrique Olaya Herrera Airport has its own domestic passenger charge and Carepa and Corozal apply the same domestic passenger charge.
Other Charges
The company collects various charges from carriers for the use of its facilities by their aircraft. For each aircraft's departure and arrival, it collects charges based on the rates set forth in Articles 5, 6, and 7 of Resolution 04530 of 2007, issued by Aerocivil. The company also collects aircraft parking charges based on the time an aircraft is stationed at an airport's gate or parking position. After three hours have elapsed from the moment an aircraft enters one of its Colombian airports, it collects an hourly parking charge, equal to 5.0% of the maximum tariff established by Aerocivil, for the entire time the aircraft is on its aprons. Airlines are also subject to charges for the connection of their aircraft to the company's terminals through a boarding bridge. Pursuant to Airplan's concession agreement and Aerocivil regulations, the company is required to provide (without additional charge) firefighting and rescue services at its airports. However, it collects charges from carriers for performing certain activities that require firefighting services, such as the use of firefighting cars for the supply of fuel and for cleaning fuel from platforms.
Non-Aeronautical Services
The company's revenues from non-aeronautical services are derived from commercial activities, automobile parking and ground transport fees.
Commercial Activities
Within the company's six Colombian airports, it leased 803 commercial premises through 457 contracts with local tenants as of December 31, 2024. The company's most important tenants in terms of occupied space and revenue in 2024 were Duty Free Partners Colombia S.A.S., Mera Medellin S.A.S, Aerovías del Continente Americano S.A. (Avianca), Sapia CI S.A.S, Global Lounge Colombia S.A.S., Efectimedios S.A., Organización Terpel S.A., Lasa S.A. Sociedad de Apoyo Aeronáutico S.A., Tampa Cargo, Globoshops S.A.S, among others.
Automobile Parking and Ground Transport
Each of the company's Colombian airports has public car parking facilities, which are provided either directly by it or by a third party. The company provides public parking directly at Enrique Olaya Herrera Airport in Medellín, Los Garzones Airport in Montería, Antonio Roldán Betancourt Airport in Carepa, El Caraño Airport in Quibdó and the José María Córdova Airport in Rionegro.
Airport Security
Pursuant to the Colombian concession agreement, Airplan is responsible for security at each of the terminals comprising the concession. Airplan is also obligated to coordinate with Aerocivil and other security authorities, including the national police, to adopt procedures and measures aimed at guaranteeing the safety of the facilities and of airport users.
Fuel
Fuel access for the company's Colombian airports and related vehicles and aircraft is governed by the concession agreement. Fuel supply is a service that constitutes part of the company's non-regulated revenue. The company is required to ensure the delivery of fuel to the aircraft at its Colombian airports, including facilitating access between private suppliers and third parties. It has agreements with fuel suppliers Terpel and Energizar. Aerocivil establishes safety guidelines and requirements with respect to fuel supply at the company's Colombian airports.
Colombian Airports
In 2024, the company's Colombian airports served a total of 16.7 million passengers, excluding passengers in transit and private aviation passengers. In 2024, José María Córdova International Airport accounted for 80.5% of the company's passenger traffic and 89.3% of its revenues, in each case from the company's Colombian airports.
José María Córdova International Airport in Rionegro and Enrique Olaya Herrera Airport in Medellín are designated as international airports under Colombian aeronautical regulations, which indicates that they are equipped to receive international flights and have customs and immigration facilities.
José María Córdova International Airport
José María Córdova International Airport is the second-busiest airport in Colombia in terms of passenger traffic. The airport is in Rionegro, approximately 30 minutes from Medellín. Medellín has a population of approximately 2.6 million as of December 31, 2024, and is situated in a valley in the mountainous Antioquia department. The city is an urban center that is home to various businesses, museums, universities and parks. In addition, Medellín hosts an annual flower festival that attracts visitors.
The airport's most significant points of origin and destination are Bogotá, Cartagena, Santa Marta, Cali, Panama City and Miami, among others. During 2024, approximately 13.4 million passengers traveled through José María Córdova International Airport, including 3.6 million international passengers and 9.8 million domestic passengers.
The airport's facilities include spaces for cargo operations. José María Córdova International Airport has one runway, with a length of 3,440 meters (2.1 miles). There are 208 businesses operating in José María Córdova International Airport.
Enrique Olaya Herrera Airport
Enrique Olaya Herrera Airport also serves the city of Medellín and was the city's main airport until the opening of José María Córdova International Airport in 1985. The airport is conveniently located within Medellín city limits and serves domestic flights to cities such as Pereira, Bogotá and Montería. The airport's primary points of origin and destination are Quibdó, Bogotá, Apartadó, and Montería. In 2024, approximately 1.2 million passengers traveled through Enrique Olaya Herrera Airport.
The airport's facilities include spaces for cargo operations. The airport has one runway, with a length of 1,800 meters (1.1 miles). Enrique Olaya Herrera Airport was built in 1932. There are 123 businesses operating at Enrique Olaya Herrera Airport.
Los Garzones Airport
Los Garzones Airport serves the city of Montería, Colombia. The city of Montería is in the northern region of Colombia and has a population of 527,456 as of December 31, 2024. The city is located approximately 30 miles from the Caribbean Sea and has an inland seaport connected to the Caribbean Sea by the Sinú River. During 2024, 1.5 million passengers traveled through Los Garzones Airport, including only Colombian domestic passengers. The airport's primary points of origin and destination are Bogotá and Medellin/Rionegro. The airport serves domestic flights to cities such as Bogotá, Medellín/Rionegro and Barranquilla.
The airport's facilities include spaces for cargo operations. The airport has one runway, with a length of 2,298 meters (1.4 miles). Los Garzones Airport was built in 1974. There are 39 businesses operating at Los Garzones Airport.
Antonio Roldán Betancourt Airport
Antonio Roldán Betancourt Airport serves the city of Carepa, Colombia. The city of Carepa has a population of 52,184 as of December 31, 2024. During 2024, 180,788 passengers traveled through Antonio Roldán Betancourt Airport. The airport's primary point of origin and destination is Medellín. The airport serves domestic flights to cities such as Medellín and Bogotá.
The airport's facilities include spaces for cargo operations. The airport has one runway, with a length of 1,964 meters (1.2 miles). Antonio Roldán Betancourt Airport was built in 1989. There are 16 businesses operating at Antonio Roldán Betancourt Airport.
El Caraño Airport
El Caraño Airport serves the city of Quibdó, Colombia, located on the Atrato River in the western region of the country. The city of Quibdó has a population of 144,610 as of December 31, 2024. During 2024, 340,695 passengers traveled through El Caraño Airport. The airport's primary points of origin and destination are Medellín and Bogotá. The airport serves domestic flights to cities such as Medellín and Bogotá.
The airport's facilities include spaces for cargo operations. The airport has one runway, with a length of 1,800 meters (1.1 miles). El Caraño Airport was built in 1957. There are 63 businesses operating at El Caraño Airport.
Las Brujas Airport
Las Brujas Airport serves the city of Corozal, Colombia. The city of Corozal has a population of 71,381 as of December 31, 2024. During 2024, 49,803 passengers traveled through Las Brujas Airport. The airport's primary point of origin and destination is Medellín. The airport serves domestic flights to cities such as Medellín and Bogotá.
The airport's facilities include spaces for cargo operations. The airport has one runway, with a length of 1,800 meters (1.1 miles). Las Brujas Airport was built in 1939. There are 8 businesses operating at Las Brujas Airport.
Principal Air Traffic Customers of Colombian Airports
As of December 31, 2024, 13 international and 21 Colombian airlines operated flights at the company's six Colombian airports.
Avianca is the Colombian airline that operates the most flights at the company's Colombian airports. Among foreign airlines, COPA and American Airlines operate the greatest number of flights to and from its Colombian airports.
Seasonality
The company's business is subject to seasonal fluctuations. In general, demand for air travel in Colombia is typically higher during December, January and July.
Customers
In 2024, Principal Air Traffic customers of the company's Mexican Airports included American Airlines, Inc.; Aeroenlaces Nacionales, S. A. de C. V. (VivaAerobus); Concesionaria Vuela Compañía de Aviación SAPI de CV (Volaris); United Airlines, Inc.; Aerovías de México, S. A. de C. V. (Aeromexico); Delta Air Lines Inc.; Aerolitoral, S. A. de C. V. (Aeromexico Connect); ABC Aerolíneas, S. A. de C. V. (Interjet); Southwest Airlines Co.; Jetblue Airways Corporation; Westjet; Spirit Airlines, Inc.; and Other.
In 2024, Principal Air Traffic customers at the company's Colombian Airports included Aerovías del Continente Americano (AVIANCA); AeroRepública S.A. (COPA Airlines); Fast Colombia SAS (Viva Colombia); Aerovías de Integración Regional S.A. (LATAM); American Airlines Inc.; Empresa Aerea de Servicios y Facilitación Logística Integral (CLIC AIR); Spirit Airlines Inc.; Satena; Jet Blue Airways Corporation; and Others.
In 2024, Principal Air Traffic customers of LMM Airport included JetBlue Airways; American Airlines; Spirit Airlines; Frontier Airlines; Southwest Airlines; United Airlines; Delta Air Lines Inc.; Fedex; United Parcel Services; Amerijet; Iberia; and Other.
Mexican Regulatory Framework
Applicable Law in Mexico
The principal laws, regulations and instruments that govern its business and the operation of the company's Mexican airports including the General Law of Commercial Corporations, enacted August 4, 1934, the Mexican Communications Law, enacted February 19, 1940, the Federal Labor Law, enacted April 1, 1970, the Customs Law, enacted December 15, 1995, the Value Added Tax Law, enacted December 29, 1978, the Mexican Federal Duties Law, enacted December 31, 1981, the Federal Tax Code, enacted December 31, 1981, the Regulations of the Federal Tax Code, enacted April 21, 1989, the Miscellaneous Resolutions issued by the tax authority, enacted December 29, 2023, the Mexican Civil Aviation Law, enacted May 12, 1995, the Social Security Law, enacted December 21, 1995, the Mexican Airport Law, enacted December 22, 1995, the Regulations to the Mexican Civil Aviation Law, enacted December 7, 1998, the concessions that entitle the company's subsidiaries to operate its nine airports, which were granted in 1998 and amended in 1999, the Regulations to the Mexican Airport Law, enacted February 17, 2000, the Mexican National Assets Law, enacted May 20, 2004, the Securities Market Law, enacted December 30, 2005, the Income Tax Law, enacted December 11, 2013, and the Federal Economic Competition Law, enacted May 23, 2014.
Puerto Rico Regulatory Framework
Puerto Rico Sources of Regulation
The principal laws, regulations and instruments that govern the business and operation of the LMM Airport owned by Aerostar, the company's joint venture with PSP Investments include the Federal Aviation Act of 1958, as enacted and amended and any regulations issued under it; the Federal Aviation Administration's Airport Investment Partnership Program, as amended; the Part 139 Certification of Airports issued by the FAA; the Airport Security Program approved by the Transportation Security Administration (TSA); the Puerto Rico Public Private Partnership Act of June 8, 2009, as amended (Act No. 29); the LMM Lease among Aerostar and the PRPA, dated July 24, 2012, which entitles Aerostar to lease and operate the LMM Airport for an initial term of forty (40) years from February 27, 2013; and the Airport Use Agreements dated February 27, 2013, which govern the relationship between Aerostar and the principal airlines serving the LMM Airport.
The Federal Aviation Act of 1958 is an act of the U.S. Congress that created the FAA. Its purpose is to promote safe air travel and to protect lives and property of people on the ground, as well as air travelers.
Colombian Regulatory Framework
Applicable Law in Colombia
The principal laws, regulations and instruments that govern the operation of the company's Colombian airports include the concession that entitles Airplan to operate its Colombian airports, which was granted on March 13, 2008; Law 12 of 1947, enacted on October 23, 1947; Law 80 of 1993, enacted on October 28, 1993; Law 105 of 1993, enacted on December 30, 1993; Law 336 of 1996, enacted on December 20, 1996; Law 1150 of 2007, enacted on July 16, 2007; Law 1955 of 2019, enacted on May 25, 2019; Law 2294 of 2023, enacted on May 19, 2023; and decrees and resolutions governing aeronautical activity enacted by the Colombian Ministry of Transportation and Aerocivil, including the Aeronautical Regulations of Colombia ( Reglamentos Aeronáuticos de Colombia ), issued by the Aerocivil.
History
Grupo Aeroportuario del Sureste, S. A. B. de C. V. was founded in 1996. The company was incorporated in 1998 as part of the Mexican government's program for the opening of Mexico's airports to private-sector investment.
