ASUR 3Q09 Passenger Traffic Down 13.86% YOY

October 22, 2009 9:20 AM EDT

MEXICO CITY, Oct. 22 /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-and nine-month periods ended September 30, 2009.

3Q09 Highlights(1):

    --  EBITDA(2) declined by 1.02% to Ps.434.76 million

    --  Total passenger traffic was down 13.86%
    --  Total revenues declined by 2.67%, due to declines of 3.09% in
        aeronautical revenues and 1.85% in non-aeronautical revenues

    --  Commercial revenues per passenger increased by 14.88% to Ps.55.88 per
        passenger

    --  Operating profit declined by 3.36%

    --  EBITDA margin was 60.83% compared with 59.82% in 3Q08

(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-and nine-month periods ended September 30, 2009, and the equivalent three- and nine-month periods ended September 30, 2008. Results are expressed 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 non-permanent ground transportation and parking lots. All U.S. dollar figures are calculated at the exchange rate of US$1 = Ps.13.4928.

(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 2009, total passenger traffic declined year-over-year by 13.86%. International passenger traffic declined 19.01% while domestic passenger traffic declined by 8.36%.

On April 28, 2009 the World Health Organization announced the outbreak of the H1N1 Influenza in Mexico. As a result, total year-over-year passenger traffic declined 2.1% in April, 50.7% in May, 28.4% in June, 16.7% in July, 12.8% in August and 10.7% in September.

The 19.01% decline in international passenger traffic resulted mainly from a decline of 20.23% in international traffic at the Cancun airport. The 8.36% decline in domestic passenger traffic resulted mainly from declines of 13.94%, 11.33%, 18.12%, 32.50% and 38.06% at the Merida, Veracruz, Villahermosa, Cozumel and Tapachula airports, respectively.

For 9M09, total passenger traffic declined by 14.33% compared to 9M08, with domestic passenger traffic down 14.59% and international passenger traffic down 14.13%.

    Table I: Domestic Passengers (in thousands)


    Airport          3Q08    3Q09     % Change     9M08      9M09   % Change
    -------          ----    ----     --------     ----      ----   --------
    Cancun          965.2    955.8      (0.97)  2,641.0   2,347.4     (11.12)
    Cozumel          24.0     16.2     (32.50)     71.8      42.2     (41.23)
    Huatulco         86.4     84.6      (2.08)    216.7     245.1      13.11
    Merida          279.0    240.1     (13.94)    896.4     691.6     (22.85)
    Minatitlan       37.9     38.3       1.06     116.5     105.1      (9.79)
    Oaxaca          135.6    110.7     (18.36)    390.1     345.6     (11.41)
    Tapachula        57.8     35.8     (38.06)    177.7     140.8     (20.77)
    Veracruz        225.1    199.6     (11.33)    682.6     581.0     (14.88)
    Villahermosa    221.3    181.2     (18.12)    701.1     535.1     (23.68)
            TOTAL 2,032.3  1,862.3      (8.36)  5,893.9   5,033.9     (14.59)

    Note:  Passenger figures exclude transit and general aviation passengers.



    Table II: International Passengers (in thousands)


    Airport          3Q08     3Q09    % Change    9M08      9M09    % Change
    -------          ----     ----    --------    ----      ----    --------
    Cancun        1,991.4  1,588.5     (20.23)  7,282.1   6,249.5     (14.18)
    Cozumel          90.6     83.9      (7.40)    371.9     310.6     (16.48)
    Huatulco          3.8      3.5      (7.89)     61.7      53.3     (13.61)
    Merida           30.8     24.9     (19.16)     92.0      68.9     (25.11)
    Minatitlan        1.2      1.1      (8.33)      3.4       2.7     (20.59)
    Oaxaca           13.0     17.9      37.69      36.4      48.6      33.52
    Tapachula         0.9      1.0      11.11       3.2       3.0      (6.25)
    Veracruz         20.4     19.3      (5.39)     54.6      49.2      (9.89)
    Villahermosa     14.9     15.0       0.67      40.0      36.8      (8.00)
           TOTAL  2,167.0  1,755.1     (19.01)  7,945.3   6,822.6     (14.13)

    Note: Passenger figures exclude transit and general aviation passengers.



    Table III: Total Passengers (in thousands)

    Airport          3Q08     3Q09    % Change      9M08     9M09   % Change
    -------          ----     ----    --------      ----     ----   --------
    Cancun        2,956.6  2,544.3      (13.95)  9,923.1  8,596.9     (13.36)
    Cozumel         114.6    100.1      (12.65)    443.7    352.8     (20.49)
    Huatulco         90.2     88.1       (2.33)    278.4    298.4       7.18
    Merida          309.8    265.0      (14.46)    988.4    760.5     (23.06)
    Minatitlan       39.1     39.4        0.77     119.9    107.8     (10.09)
    Oaxaca          148.6    128.6      (13.46)    426.5    394.2      (7.57)
    Tapachula        58.7     36.8      (37.31)    180.9    143.8     (20.51)
    Veracruz        245.5    218.9      (10.84)    737.2    630.2     (14.51)
    Villahermosa    236.2    196.2      (16.93)    741.1    571.9     (22.83)
           TOTAL  4,199.3  3,617.4      (13.86) 13,839.2 11,856.5     (14.33)

    Note: Passenger figures exclude transit and general aviation passengers.

Consolidated Results for 3Q09

Total revenues for 3Q09 declined year-over-year by 2.67% to Ps.714.7 million. This was mainly due to declines of:

    --  3.09% in revenues from aeronautical services principally as a result of
        the 13.86% decline in passenger traffic; and

    --  1.85% in revenues from non-aeronautical services, principally as a
        result of the 0.20% decrease in commercial revenues detailed below.

ASUR classifies commercial revenues as those derived from the following activities: duty-free services, car rental, retail, banking and currency exchange, advertising, teleservices, non-permanent ground transportation, food and beverage, and parking lots.

Commercial revenues fell by 0.20% year-over-year during the quarter, principally reflecting the decline in passenger traffic. There were declines in revenues in the following activities:

    --  0.75% in duty-free stores;
    --  2.54% in banking and currency exchange services;
    --  26.62% in advertising;

    --  11.37% in food and beverage; and

    --  10.94% in parking lot fees.

These declines were partially offset by revenue increases of:

    --  54.82% in car rentals;
    --  7.00% in ground transportation;
    --  2.45%  in retail operations;
    --  7.86% in other revenues; and

    --  14.43% in teleservices.

                       New Retail and Other Commercial Space


       Business Name                   Type               Opening Date
    ------------------           ------------------    ------------------
    Cancun
    Mas Business                 Gift shop                 April 2009

    Merida
    Rent A Matic Itza            Car rental company        April 2009

    Tapachula
    Hertz                        Car rental company        June 2009

    Veracruz
    Avis                         Car rental company        June 2009

Total operating costs and expenses for 3Q09 decreased 2.23% year over year, primarily as a result of declines of:

    --  9.42% in cost of services, mainly reflecting declines in energy and
        cleaning services; and
    --  2.18% in concession fees paid to the Mexican government, mainly due to
        lower revenues (a factor in the calculation of the fee); and

    --  1.02% in the technical assistance fee paid to ITA, reflecting the
        decline in EBITDA for the quarter (a factor in the calculation of the
        fee).

These declines were partially offset by the following increases:

    --  3.42% in depreciation and amortization, resulting from the depreciation
        of new investments in fixed assets and improvements made to concession
        assets; and

    --  23.52% in administrative expenses, principally in labor costs resulting
        from the reassignment of employees from certain operating areas to
        corporate.

Operating margin for the quarter declined to 38.95% from 39.22% in 3Q08. This was mainly the result of declines of 2.67% in revenues, which more than offset a decrease of 2.23% in costs during the period.

Following the changes in Mexican tax law that took effect January 1, 2008, which established a new flat rate business tax ("Impuesto Empresarial a Tasa Unica", or "IETU") and eliminated the asset tax, the Company evaluated and reviewed its deferred assets and liabilities position under Mexican Financial Reporting Standards.

During 3Q09, ASUR's subsidiaries that pay IETU made provisional tax payments of Ps.39.1 million.

During the quarter, ASUR recognized asset taxes for a total of Ps.13.4 million under the line item Provision for Asset Tax. We do not expect to recover these asset taxes.

Net income for 3Q09 declined 27.01% to Ps.170.74 million from Ps.233.91 million in 2Q08. Earnings per common share for the quarter were Ps.0.5691, or earnings per ADS (EPADS) of US$0.4218 (one ADS represents ten series B common shares). This compares with earnings per share of Ps.0.7797, or EPADS of US$0.5779, for the same period last year.

    Table IV: Summary of Consolidated Results for 3Q09


                                   3Q08       3Q09        % Change
                                   ----       ----        --------
    Total Revenues                 734,306    714,672        (2.67)
    Aeronautical Services          487,469    472,397        (3.09)
    Non-Aeronautical Services      246,837    242,275        (1.85)
          Commercial Revenues      207,845    207,437        (0.20)
    Operating Profit               288,018    278,346        (3.36)
    Operating Margin %               39.22%     38.95%       (0.68%)
    EBITDA                         439,256    434,761        (1.02)
    EBITDA Margin %                  59.82%     60.83%       (1.70%)
    Net Income                     233,910    170,742       (27.01)
    Earnings per Share              0.7797     0.5691       (27.01)
    Earnings per ADS in US         $0.5779     0.4218       (27.01)

    Note:  U.S. dollar figures are calculated at the exchange rate of
           US$1 = Ps.13.4928



    Table V: Commercial Revenues per Passenger for 3Q09

                                           3Q08        3Q09     % Change
                                           ----        ----     --------
    Total Passengers ('000)                4,273       3,712      (13.13)
    Total Commercial Revenues            207,845     207,437       (0.20)
       Commercial revenues
       from direct operations (1)         30,960      39,516       27.64
       Commercial revenues excluding
        direct operations                176,885     167,921       (5.07)

    Total Commercial Revenue per
     Passenger                             48.64       55.88       14.88
       Commercial revenue
        from direct operations per
        passenger (1)                       7.25       10.65       46.90
       Commercial revenue per
        passenger (excluding direct
        operations)                        41.39       45.23        9.28

    Note: For purposes of this table, approximately 73,900 and 94,400 transit
          and general aviation passengers are included for 3Q08 and 3Q09,
          respectively.
    (1)   Revenues from direct commercial operations represent ASUR's
          operation of convenience stores in airports and the direct sale of
          advertising space.


    Table VI:  Operating Costs and Expenses for 3Q09

                                          3Q08        3Q09    % Change
                                          ----        ----    --------
    Cost of Services                   211,689     191,758       (9.42)
    Administrative                      24,665      30,467       23.52
    Technical Assistance                23,118      22,882       (1.02)
    Concession Fees                     35,578      34,804       (2.18)
    Depreciation and Amortization      151,238     156,415        3.42
                               TOTAL   446,288     436,326       (2.23)
    Note: Figures in nominal pesos.

Consolidated Results for 9M09

Total revenues for 9M09 declined year-over-year by 1.45% to Ps.2,377.7 million. This was mainly due to a 3.64% decline in revenues from aeronautical services as a result of the 14.33% decline in passenger traffic during the period, partially offset by the increase in rates that was approved in 1Q09. This decline in revenues from aeronautical services was partially offset by a 2.99% increase in revenues from non-aeronautical services, principally as a result of the 5.25% rise in commercial revenues detailed below.

Commercial revenues for 9M09 rose by 5.25% year-over-year, principally as a result of revenue increases in the following areas:

    --  7.79% in duty-free stores;
    --  7.25% in retail operations;
    --  6.29% in banking and currency exchange services;
    --  14.16% in teleservices;
    --  39.67% in car rentals; and

    --  7.89% in other income.

These increases were partially offset by revenue declines in the following areas:

    --  9.51% in parking lot fees;
    --  1.94% in ground transportation services;
    --  3.86% in food and beverage; and

    --  9.10% in advertising.

Total operating costs and expenses for 9M09 rose 1.52%, mainly due to the following increases:

    --  0.62% in cost of services, mainly reflecting costs incurred in
        connection with the master development plans, higher professional fees
        and a deferred provision that was reversed in 3Q08 as a result of the
        personnel reorganization. These increases more than offset declines in
        energy and maintenance costs as well as lower labor costs resulting from
        the reassignment of employees from certain operating areas to corporate.
    --  4.94% in depreciation and amortization, resulting from the depreciation
        of investments in fixed assets and improvements made to concession
        assets;

    --  2.23% in administrative expenses, resulting from the lease of equipment
        and higher security costs.

These increases were partially offset by the following declines:

    --  2.10% in technical assistance costs, reflecting the corresponding
        decrease in EBITDA during the period; and

    --  5.04% in concession fees, mainly due to lower revenues.

Operating margin decreased to 44.12% for 9M09, down from 45.76% for 9M08. This was mainly the result of the 1.45% decline in revenues and the 1.52% increase in costs and expenses during the period.

Net income for 9M09 declined by 24.16% to Ps.637.90 million. Earnings per common share for the period were Ps.2.1264, or earnings per ADS (EPADS) of US$1.5759 (one ADS represents ten series B common shares). This compares with Ps.2.8038, or EPADS of US$2.0780, for the same period last year.

    Table VII: Summary of Consolidated Results for 9M09
    (in thousands)

                                        9M08           9M09           % Change
                                        ----           ----           --------
    Total Revenues                    2,412,714      2,377,737         (1.45)
    Aeronautical Services             1,614,814      1,555,958         (3.64)
    Non-Aeronautical Services           797,900        821,779          2.99
          Commercial Revenues           674,681        710,128          5.25
    Operating Profit                  1,103,981      1,049,063         (4.97)
    Operating Margin %                    45.76%         44.12%        (3.58%)
    EBITDA                            1,554,083      1,521,418         (2.10)
    EBITDA Margin %                       64.41%         63.99%        (0.66%)
    Net Income                          841,144        637,907        (24.16)
    Earnings per Share                   2.8038         2.1264        (24.16)
    Earnings per ADS in US              $2.0780         1.5759        (24.16)

    Note:  U.S. dollar figures are calculated at the exchange rate of
           US$1 = Ps.13.4928.



    Table VIII: Commercial Revenues per Passenger for 9M09
    (in thousands)

                                          9M08         9M09        % Change
                                          ----         ----        --------
    Total Passengers *('000)            14,093       12,080         (14.28)
    Total Commercial Revenues          674,681      710,128           5.25
       Commercial revenues
        from direct operations (1)     112,426      130,751          16.30
       Commercial revenues
        excluding direct
        operations                     562,255      579,377           3.05


                                          9M08         9M09        % Change
                                          ----         ----        --------
    Total Commercial Revenue
     per Passenger                       47.87        58.79          22.81
       Commercial revenue
        from direct operations per
        passenger (1)                     7.98        10.82          35.59
       Commercial revenue per
        passenger (excluding
        direct operations)               39.89        47.97          20.26
    *   For purposes of this table, approximately 253,600 and 223,400 transit
        and general aviation passengers are included for 9M08 and 9M09,
        respectively.
    (1) Revenues from direct commercial operations represent only ASUR's
        operation of ten convenience stores as well as the direct sale of
        advertising space by the Company.



    Table IX:  Operating Costs and Expenses for 9M09
    (in thousands)

                                          9M08          9M09     % Change
                                          ----          ----     --------
    Cost of Services                    574,719      578,302         0.62
    Administrative                       82,662       84,506         2.23
    Technical Assistance                 81,793       80,075        (2.10)
    Concession Fees                     119,457      113,436        (5.04)
    Depreciation and Amortization       450,102      472,355         4.94
                            TOTAL     1,308,733    1,328,674         1.52

Tariff Regulation

The Mexican Ministry of Communications and Transportation regulates the majority of ASUR's activities by setting maximum rates, which represent the rates for the maximum possible revenues allowed per traffic unit at each airport.

ASUR's regulated revenues for 9M09 were Ps.1,752.22 million, resulting in an annual average tariff per workload unit of Ps.143.74. ASUR's regulated revenues accounted for approximately 73.69% of total income for the period.

The Mexican Ministry of Communications and Transportation reviews compliance with the maximum rates on an annual basis at the close of each year.

Balance Sheet

On September 30, 2009, Airport Facility Usage Rights and Airport Concessions represented 81.29% of the Company's total assets, with current assets representing 13.28% and other assets representing 5.43%.

Cash and marketable securities on September 30, 2009 were Ps.1,239.34 million, a 30.25% decline from Ps.1,776.78 million on September 30, 2008. In 2Q09 ASUR paid a Ps.1,884 million cash dividend.

On the same date, shareholder's equity was Ps.13,708.90 million and total liabilities were Ps.2,803.51 million, representing 83.02% and 16.98% of total assets, respectively. Total deferred liabilities represented 71.87% of the Company's total liabilities.

Total bank debt at September 30, 2009 reflects borrowings of Ps.604.14 million under a Ps.750 million three-year credit agreement which it entered into in May 2009 with a group of banks. At the end of the quarter, ASUR had Ps.150 million available for additional borrowings expected to fund capital expenditures related to the Company's master development plans.

Capital Expenditures

During the third quarter, ASUR made investments of Ps.98.03 million as part of ASUR's ongoing plan to modernize its airports pursuant to its master development plans. During 9M09, ASUR made capital investments of Ps.195.08 million.

Recent Events

Cancun Airport Doubles Operating Capacity with Second Runway

On October 20, 2009 the Company inaugurated the second runway of Cancun Airport, which doubles the airport's capacity to approximately 28 million passengers per annum. The increased capacity level is expected to meet forecasted demand for the next several decades.

The second runway, parallel to the existing one, allows for simultaneous takeoffs and landings, thereby increasing operating capacity to more than 80 takeoffs or landings per hour. Cancun Airport is the first airport in Mexico with two runways that can be used at the same time.

The project, which represented a total investment of approximately US$67 million, also included a new control tower, the tallest in Latin America, and one of the top 20 tallest worldwide.

With this project, ASUR expects to contribute to economic development in the region and to maintain Cancun's position at the forefront of airport services in Mexico and Latin America.

3Q09 Earnings Conference Call

Day: October 23, 2009

Time: 10:00 AM US ET; 9:00 AM Mexico City time

Dial-in Lumber: 888.679.8037 (US & Canada) and 617.213.4849 (International & Mexico)

Access Code: 87015339

Pre-registration: If you would like to pre-register for the conference call use the following link: https://www.theconferencingservice.com/prereg/key.process?key=PP6GHNHA8 Pre-registering is not mandatory but is recommended as it will provide you immediate entry into the call and will facilitate the timely start of the conference. You will receive a code that allows you to enter the call directly. Pre-registration only takes a few moments, and you may do so at any time, including up to and after call start time. To pre-register, please click the link above. Alternatively, if you would rather be placed into the call by an operator, please call at least 10 minutes prior to call start time.

Replay: Starting Friday, October 23, 2009 at 1:00 PM US ET, ending at midnight US ET on Tuesday, October 30, 2009. Dial-in number: 888.286.8010 (US & Canada); 617.801.6888 (International & Mexico). Access Code: 31622049.

About ASUR:

Grupo Aeroportuario del Sureste, S.A.B. 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 NYSE in the U.S., where it trades under the symbol ASR, and on the Mexican Bolsa, where it trades under the symbol ASUR. One ADS represents ten (10) series B shares.

Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR's filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.

# # # TABLES TO FOLLOW # # #

                 Grupo Aeroportuario del Sureste, S.A.B. de C.V.
                           Operating Results per Airport
                            Thousands of Mexican pesos

                      3Q       3Q  Variation Cumulative Cumulative Variation
           Item      2008     2009     %        2008       2009        %
           ----      ----     ----   ------    -------   -------    ------
    Cancun
    Aeronautical
     Revenues       351,964  333,514    (5.24) 1,192,769 1,151,481  (3.46)
    Non-Aeronautical
     Revenues       202,478  197,333    (2.54)   666,198   691,407   3.78
    Operating
     Profit        (146,092) 205,733  (240.82)   533,345   745,660  39.81
    EBITDA          (47,755) 307,869  (744.68)   825,540 1,052,425  27.48
    Cozumel
    Aeronautical
     Revenues        14,729   17,533    19.04     56,384    56,916   0.94
    Non-Aeronautical
     Revenues         5,660    5,999     5.99     18,389    19,408   5.54
    Operating Profit (6,791)      28  (100.41)     2,144     1,692 (21.08)
    EBITDA            1,480    7,910   434.46     26,781    26,784   0.01
    Merida
    Aeronautical
     Revenues        31,515   34,624     9.87     97,590    94,641  (3.02)
    Non-Aeronautical
     Revenues        12,673   12,620    (0.42)    39,402    36,171  (8.20)
    Operating Profit    401   10,258 2,458.10     16,169     6,515 (59.71)
    EBITDA           12,171   21,634    77.75     51,394    41,118 (19.99)
    Villahermosa
    Aeronautical
     Revenues        26,545   22,201   (16.36)    81,425    65,564 (19.48)
    Non-Aeronautical
     Revenues         8,688    8,739     0.59     24,559    23,834  (2.95)
    Operating Profit  5,733    5,227    (8.83)    26,620       610 (97.71)
    EBITDA           13,880   13,701    (1.29)    50,834    25,891 (49.07)
    Others
    Aeronautical
     Revenues        62,716   64,525     2.88    186,646   187,356   0.38
    Non-Aeronautical
     Revenues        17,338   17,584     1.42     49,352    50,959   3.26
    Operating
     Profit         434,767   57,100   (86.87)   525,703   294,586 (43.96)
    EBITDA          459,480   83,647   (81.80)   599,534   375,200 (37.42)
    Group
    Aeronautical
     Revenues       487,469  472,397    (3.09) 1,614,814 1,555,958  (3.64)
    Non-Aeronautical
     Revenues       246,837  242,275    (1.85)   797,900   821,779   2.99
    Operating
     Profit         288,018  278,346    (3.36) 1,103,981 1,049,063  (4.97)
    EBITDA          439,256  434,761    (1.02) 1,554,083 1,521,418  (2.10)



                 Grupo Aeroportuario del Sureste, S.A.B. de C.V.
            Consolidated Balance Sheet as of September 30, 2009 and 2008
                           Thousands of Mexican pesos

                              September  September
             Item               2008       2009    Variation      %
    -------------------      ---------  --------- -----------   -----

              Assets

    Current Assets
    --------------
      Cash and Cash
       Equivalents           1,776,786  1,239,343    (537,443) (30.25)
      Trade Receivables, net   350,921    178,057    (172,864) (49.26)
      Recoverable
       Taxes and Other
       Current Assets          634,566    774,584     140,018   22.07
                               -------    -------     -------   -----
    Total Current Assets     2,762,273  2,191,984    (570,289) (20.65)

    Fixed Assets
    ------------
      Machinery, Furniture
        and Equipment, net     274,730    615,712     340,982  124.12
      Rights to Use Airport
       Facilities, net       2,140,329  2,074,487     (65,842)  (3.08)
      Improvements to Use
       Airport Facilities,
       net                   3,025,395  3,023,576      (1,819)  (0.06)
      Construction in
       Process                 448,060    646,144     198,084   44.21
      Others                   232,917     29,523    (203,394) (87.32)
                               -------     ------    --------  ------
    Total Fixed Assets       6,121,431  6,389,442     268,011    4.38

    Deferred Assets
    ---------------
      Airports Concessions,
       net                   7,884,244  7,679,364    (204,880)  (2.60)
      Deferred Income Taxes          -          -           -       -
      Deferred IETU            210,525    191,382     (19,143)  (9.09)
      Other                     93,795     60,243     (33,552) (35.77)
                                ------     ------     -------  ------
    Total Deferred Assets    8,188,564  7,930,989    (257,575)  (3.15)

         Total  Assets      17,072,268 16,512,415    (559,853)  (3.28)

      Liabilities and
       Stockholders' Equity

    Current Liabilities
    -------------------
      Trade Accounts Payable    15,394     12,993      (2,401) (15.60)
      Notes Payable                  -          -           -       -
      Bank Loans                     -    167,810     167,810       -
      Accrued Expenses and
       Other Payables          373,225    145,818    (227,407) (60.93)
                               -------    -------    --------  ------
    Total Current
     Liabilities               388,619    326,621     (61,998) (15.95)

    Long Term Liabilities
    ---------------------
      Other                     22,585     25,369       2,784   12.33
      Bank Loans                          436,364     436,364       -
      Deferred Income Taxes  1,202,268  1,312,625     110,357    9.18
      Deferred IETU            705,939    694,502     (11,437)  (1.62)
      Deferred Employees
       Profit Sharing                -          -           -       -
      Labor Obligations          6,186      8,031       1,845   29.83
                                 -----      -----       -----   -----
    Total Long Term
     Liabilities             1,936,978  2,476,891     539,913   27.87

    Total Liabilities        2,325,597  2,803,512     477,915   20.55

    Stockholders' Equity
    --------------------
      Capital Stock         12,799,204 12,799,204           -       -
      Legal Reserve            194,044    246,517      52,473   27.04
      Share Repurchase
       Reserve                       -          -           -       -
      Net Income for
       the Period              841,144    637,907    (203,237) (24.16)
      Retained Earnings        912,279     25,275    (887,004) (97.23)
                               -------     ------    --------  ------
      Total Stockholders'
       Equity               14,746,671 13,708,903  (1,037,768)  (7.04)

       Total Liabilities
        and Stockholders'
        Equity              17,072,268 16,512,415    (559,853)  (3.28)
                            ========== ==========    ========   =====



                    Grupo Aeroportuario del Sureste, S.A.B. de C.V.
                  Consolidated Statement of Income from January 1 to
                           September 30, 2009 and 2008
                            Thousands of Mexican pesos


                   Cumulative Cumulative Variation Quarter Quarter  Variation
        Item          2008       2009        %       2008    2009       %
    --------------- ---------  -------    ------   ------- -------    ------

    Revenues
      Aeronautical
       Services     1,614,814 1,555,958     (3.64) 487,469 472,397      (3.09)

      Non-Aeronautical
       Services       797,900   821,779      2.99  246,837 242,275      (1.85)

                    ---------  --------      ----  ------- -------      -----
    Total Revenues  2,412,714 2,377,737     (1.45) 734,306 714,672      (2.67)

    Operating Expenses

      Cost of
       Services       574,719   578,302      0.62  211,689 191,758      (9.42)
      General and
       Administrative
       Expenses        82,662    84,506      2.23   24,665  30,467      23.52
      Technical
       Assistance      81,793    80,075     (2.10)  23,118  22,882      (1.02)
      Concession Fee  119,457   113,436     (5.04)  35,578  34,804      (2.18)
      Depreciation
       and
       Amortization   450,102   472,355      4.94  151,238 156,415       3.42
                      -------   -------      ----  ------- -------       ----
    Total Operating
     Expenses       1,308,733 1,328,674      1.52  446,288 436,326      (2.23)

    Operating
     Income         1,103,981 1,049,063     (4.97) 288,018 278,346      (3.36)

    Comprehensive
     Financing Cost   110,098    25,678    (76.68)  48,624   4,296     (91.16)
                      -------    ------    ------   ------   -----     ------

    Non- Ordinary Item
     Non-Ordinary Item  9,770    14,752     50.99      342   2,307     574.56


    Income Before
     Income Taxes   1,204,309 1,059,989    (11.98) 336,300 280,335     (16.64)

      Provision for
       IETU           102,876   123,731     20.27   37,559  39,141       4.21
      Provision for
       Income Tax     153,291    73,832    (51.84) 127,132   2,560     (97.99)
      Provision for
       Asset Tax         (562)   31,832 (5,764.06)      13  13,416 103,100.00
      Deferred
       Income Taxes   101,289   189,587     87.17  (62,304) 51,376    (182.46)
      Deferred IETU     6,271     3,100    (50.57)     (10)  3,100 (31,100.00)
                        -----     -----    ------      ---   ----- ----------

     Net Income for
      the Year        841,144   637,907    (24.16) 233,910 170,742     (27.01)
                      =======   =======    ======  ======= =======     ======

    Earning per Share  2.8038    2.1264    (24.16)  0.7797  0.5691     (27.01)
    Earning per
     American
     Depositary
     Share (in U.S.
     Dollars)          2.0780    1.5759    (24.16)  0.5779  0.4218     (27.01)

    Exchange Rate per Dollar = Ps.13.4928


    Commercial
     Revenues         674,681   710,128      5.25  207,845 207,437      (0.20)



                 Grupo Aeroportuario del Sureste, S.A.B. de C.V.
               Consolidated Statement of Cash Flow from January 1
                        to September  30,  2009 and 2008
                            Thousands of Mexican pesos
                            --------------------------

                   Cumulative Cumulative Variation  Quarter  Quarter Variation
                      2008       2009        %        2008     2009       %
       Item         --------   -------    ------    -------   -------   -----


    Operating Activities

     Income Before
      Income Taxes   1,204,309  1,059,989     (12)   336,300   280,335    (17)
     Items Related
      With Investing
      Activities:
       Depreciation and
        Amortization   450,102    472,355       5    151,238   156,415      3
       Interest
        Income        (107,961)   (60,422)    (44)   (33,884)  (11,204)   (67)
       Provisions      (14,378)              (100)    23,117             (100)
                        -------   -------    ----     ------    ------    ----
         Sub-Total   1,532,072  1,471,922      (4)   476,771   425,546    (11)
                      --------- ---------      --    -------   -------    ---

     Increase in Trade
      Receivables      (71,506)   183,143    (356)     9,383   (25,287)  (369)
     Decrease in
      Recoverable
      Taxes and
      other Current
      Assets           (26,539)    (2,075)    (92)   (39,017)  (35,980)    (8)
     Other Deferred
      Assets            (7,256)   (26,054)    259      2,912    19,527    571

     Trade Accounts
      Payable           (1,680)  (197,563) 11,660      3,604  (197,563)(5,582)
     Accrued Expenses
      and Other
      Payables        (190,032)  (253,335)     33    (16,977)  177,808 (1,147)
     Long Term
      Liabilities        2,135          -    (100)     2,533         -   (100)

                        ------      -----    ----    -------    ------    ---
       Net Cash Flow
        Provided by
        Operating
        Activities   1,237,194  1,176,039      (5)   439,209   364,052    (17)
                     ---------  ---------      --    -------   -------    ---

    Investing Activities
     Investments in
      Machinery,
      Furniture and
      Equipment, net  (123,229)   (32,866)    (73)    (6,849)        -   (100)
     Investments in
      Rights to
      Use Airport
      Facilities             -          -       -          -         -      -
     Investments in
      Construction in
      Process         (223,683)    24,784    (111)  (144,897)  161,811   (212)
     Investments in
      Others          (195,892)  (247,418)     26   (176,748) (271,044)    53
     Interest Income   107,961     60,422     (44)    33,884    11,204    (67)
                       -------    -------     ---   --------   -------    ---
       Net Cash Flow
        Provided
        by Investing
        Activities    (434,843)  (195,078)    (55)  (294,610)  (98,029)   (67)
                      --------   --------     ---   --------   -------    ---

    Excess Cash to
     Use in Financing
     Activities:       802,351    980,961      22    144,599   266,023     84

     Others                       600,000       -          -         -      -
     Dividends Paid   (600,000)(1,884,000)    214          -         -      -
     Tax on Dividends
      Paid            (351,262)  (191,130)    (46)         -         -      -
                      --------    -------      --          -         -      -
    Net Cash Flow
     Provided
     by Financing
     Activities       (951,262)(1,475,130)     55          -         -      -
                      -------- ----------      --          -         -      -

    Net Increase in Cash
     and Cash
     Equivalents      (148,911)  (494,169)    232    144,599   266,023     84

    Cash and Cash
     Equivalents at
     Beginning of
     Period          1,925,697  1,733,512     (10) 1,632,187   973,320    (40)

    Cash and Cash
     Equivalents
     at the End
     of Period       1,776,786  1,239,343     (30) 1,776,786 1,239,343    (30)
                     =========  =========     ===  ========= =========    ===

SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.

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