ASUR Updates on Impact from Hurricane Wilma

Email

Print

share/save

rss

MEXICO CITY, Oct. 26 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR) the first privatized airport group in Mexico and operator of Cancun Airport and eight others in the southeast of Mexico, today released a preliminary report on the effects of Hurricane Wilma, which struck the Yucatan Peninsula on October 20, 2005.

Two days after Hurricane Wilma left the region, Asur can report the following:

-- Cancun's airport terminal infrastructure was severely damaged:
* Terminal 1 will remain closed until further notice
* Terminal 2 will resume partial operations today, with 34 rescue
flights and approximately six thousand passengers

-- ASUR's administrative office building in Cancun sustained severe
damage to approximately 50% of its space, although there was no
structural damage.

-- Representatives from ASUR's insurers visited the airport yesterday
in order to begin evaluating the damage to the Company's
infrastructure, however no estimates are available at this time.

-- Company communications have been partially reestablished

-- Aeronautical aids, including VOR, radar and ILS, are not yet in
service and the airport is operating in visual mode

-- Power has not yet been reestablished, and the company's operations
in the region are relying on emergency generators.

As at the date of this release, ASUR cannot estimate when operations at the Cancun and Cozumel airports will return to normal. The company will provide information about the damage at Cozumel shortly.

At this time ASUR cannot estimate the impact that these events will have on the Company's financial results for the month of October, the fourth quarter of 2005, or fiscal year 2006.

About ASUR:

Grupo Aeroportuario del Sureste, S.A. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares.

Related Articles