Another month, another million passengers moving through the airports operated by Grupo Aeroportuario del Sureste, better known as ASUR
But as I've explained in previous ASUR updates, I think it's more instructive to compare the current year's results with the 2005 tallies, to see past the now-flattering comparisons against 2006's periods, which were still suffering from post-hurricane syndrome.
This year's February traffic totals represent a solid, if not awe-inspiring, 5.4% gain over the February 2005 numbers. That should inspire some yawns, which is a good thing.
Despite more recent investor excitement about these airport groups -- driven by the post-IPO gains at Grupo Aeroportuario del Pacifico, or "GAP,"
Of course, the leverage works both ways. During slack times, be prepared to see the pendulum swing in the opposite direction.
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At the time of publication, Seth Jayson had shares of ASUR but no positions in any other company mentioned here. See his latest blog commentary here. View his stock holdings and Fool profile here. Fool rules are here.
