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ASUR 3Q08 Passenger Traffic Up 6.90% YOY

Written by thomas · Filed Under Commercial 

October 23, 2008

thomas

MEXICO CITY, Oct. 23, /PRNewswire-FirstCall/ — Grupo Aeroportuario del
Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), (ASUR) the first privatized
airport group in Mexico and operator of Cancun Airport and eight other
airports in southeast Mexico, today announced results for the three-month
period ended September 30, 2008.

3Q08 Highlights1:

—  EBITDA2 increased by 2.11% to Ps.439.3 million.

—  Total passenger traffic was up 6.90%.

—  Total revenues rose by 5.14%, mainly due to increases of 7.05% in
aeronautical revenues and 1.54% in non-aeronautical revenues.
—  Commercial revenues per passenger declined by 5.28% to Ps.48.64 per
passenger.

—  Operating profit declined by 0.16%.

—  EBITDA margin was 39.22% compared with 41.30% in 3Q07.
1. Unless otherwise stated, all financial figures discussed in this
announcement are unaudited, prepared in accordance with Mexican Financial
Reporting Standards and represent comparisons between the three-month
periods ended September 30, 2008, and the equivalent three-month period
ended September 30, 2007. Results for 3Q07 and 9M07 are expressed in
constant Mexican pesos as of December 31, 2007, while 3Q08 and 9M08 results
are in nominal pesos. Tables state figures in thousands of pesos, unless
otherwise noted. Passenger figures exclude transit and general aviation
passengers. Commercial revenues include revenues from the activities of
non-permanent ground transportation and parking lots. All U.S. dollar
figures are calculated at the exchange rate of US$1 = Ps.10.9814.

2. EBITDA means net income before: provision for taxes, deferred taxes,
deferred employees profit sharing, non-ordinary items, comprehensive
financing cost, and depreciation and amortization. EBITDA should not be
considered as an alternative to net income, as an indicator of our
operating performance, or as an alternative to cash flow as an indicator of
liquidity. Our management believes that EBITDA provides a useful measure of
our performance that is widely used by investors and analysts to evaluate
our performance and compare it with other companies. EBITDA is not defined
under U.S. GAAP, and may be calculated differently by different companies.

Passenger Traffic

For the third quarter of 2008, total passenger traffic increased
year-over-year by 6.90%. Domestic passenger traffic increased by 3.14% and
international passenger traffic rose by 10.68%.

The 10.68% rise in international passenger traffic resulted mainly from
an increase of 12.71% at Cancun airport.

The 3.14% rise in domestic passenger traffic resulted mainly from
increases of 7.20%, 28.34%, 8.68%, 14.53%, 11.37% and 2.36%, at the Cancun,
Cozumel, Huatulco, Oaxaca, Tapachula and Villahermosa airports,
respectively.

For 9M08, total passenger traffic rose by 11.69% compared to 9M07, with
domestic passenger traffic up 11.75% and international passenger traffic up
11.64%.

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