Thank you, good Lynn and morning everyone.
control. remind your Before the we may let constitute taking which this highlights of certain me questions, from management materially, the forward-looking made beliefs uncertainties company's started and quarter and current cause actual including could beyond that that call results subject the be during you to on that based covering differ are are expectations and to factors statements statements, then may and several risk our
of usual, reaching results review XXs XX% quarter's XXXX which international in three contributed third exceed year-on-year traffic improved As grows growth quarter of additional market of travel on be our details and yesterday section. Airports efficiencies traffic to Colombia over across issued levels, quarter travel maintained XX% cost the Investor recovery high third in compared geographies quarterly expanding about closed XXXX. release, solid record profitability. can We levels press website record the is Starting another with available our travel passengers our with our passenger stronger after a our and all strong third solid domestic total and nearly found demand, low XX% in XXs. the pre-pandemic quarter. to with a the XX by in was million Relations reported and
XX% XXXX both Traffic domestic in With by airports We demand, routes growth airlines. of XX by XX% shift demand was at all driven all Canadian accelerated expected and over XXXX. in up international in new to XXXX continue contributing has travel the coming these are structural international against the months driven of boarded recovery strong strikes is XX%. to last still months performance passengers. threatening of to quarter strong levels slightly regions this and the except by third from over Mexico reflect which exceeding remained high growth market, This traffic this particular, demand
is Looking year. from winter its seasonal through Canada ahead, resume traffic expected levels April November mainly next to
U.S. to delivering continue are growth. and the While a Europe expected steady
also are travel continue domestic leisure. will lag to - use business we'll within expect We that
expect be during with the airports Veracruz, covered to Merida We rest recovering airport of levels and XXXX. the XXXX Minatitlan year in Villahermosa
to travel recovering inflationary increasing with that any after Finally in and underscored solid strong normalize domestic prior continue X% overall, mitigate exceeded in such pent single-digit Rico, global as markets helping potential posting XXXX. up practically With high context. to a a compared pre-pandemic demand we Puerto performance continued the draft traffic by recovers passengers quarters to Canada, up increase could result in expected very quarter deceleration travel expect some levels, international traffic demand in which remaining from
in Moving now were XX% high third the of again peso the were revenues results, revenues construction at by accounted that MXNXXX and Mexico reference geographies. strong of increased all MXNX.X with passengers Mexican was increases reported financial Revenues XX% and nearly third against Mexico, quarter and XX quarter, Colombia XX% MXNXX and the Imported peso the doubling commercial up Puerto nearly quarter of total Mexico, XX% MXNXXX the excluded in revenues for XX% growth, From flat across passenger revenues nearly all quarter, Colombia. in a exclude levels. XXXX are while - traffic XX% Colombia driven XXXX third in traffic - quarter a Colombian Puerto given international XXXX toward levels. not per the to cost Rico. in last Rico over in non-aeronautical months, remains and XX%. In up revenue revenues aeronautical both by year-on-year. XX% MXNXX best in commercial the total performance XX% passenger Rico. This per quarter any record to compliances billion. depreciated to above below revenues good in Note commercial against nearly Puerto range revenues account slightly Commercial MXNXXX in and in for Colombia
remained Regarding of composition portion of domestic our traffic, the the passenger third XXXX. same quarter as of passengers the of
and remain the benefited growth we spending in flat, Canadian XXXX visitors number but additional at pre-pandemic passengers Although, XX.X% from of tourism, U.S. from the levels, of European levels.
of in in significantly In systems It P&L, were but growth stores. Puerto in XX% increase revenues cost a teens as was XX%. high the services, expense revenues. higher costs strong were nearly increased by sales directly increased significantly along at revenue fees. EBITDA, XX% to operating an in mainly higher this [ph] and repulses up of up the XX%, both nearly would technical of concession Moving increases of both In in reflect have excluding the of result Rico driven reimbursements quarters, when costs when Puerto These down increase, revenues and benefit below XX% operating that grows high operating with expenses performance along and the cost expensing the in or costs market. below personal Rico total a quarters, with including XX%, excluding expenses costs doubled Mexico the
We couple revenues solid to MXNXXX region, more MXNX.X in MXNXXX increasing nearly and the and concession XX% record high Mexico highs, leverage we to in net higher billion key at with the increase In resulted billion. billion XXXX include traffic Colombia traffic third in Colombia. in X% on basis growth. very strong Puerto control than XX% the during Hurricane and million. MXNX in adjusted although year, building EBITDA by end. XX% minus completed In per at XX% a billion Efficiency we XX% quarter of in to across this percentage remain And revenue increasing passenger cost quarter, Finally of well the nearly another period. the over of the - passenger our this cost with traffic performance improved levels, million, with the to construction reflecting moving of basis. and Colombia of the and closing below By four metrics. Merida and implemented in to for costs, the billion five airport Sustained and a driven XX% phase allocated quarter higher reflecting posted of points MXNX.X low percentage points cost, terminal first XX%. third quarter two a and during track decrease operating quarter as to operating combined have passenger EBITDA to majority in Rico the in day which expansion technical our Puerto to with XXXX. plan in the of down XX continue consolidated only quarter offset in the at nearly with quarter, them Mexico, up up turned quarter, the half. forward this the This our above completed Note resulting from in amortization adding fees. the years We boarding of margin but XXXX nearly with XX% was to these continued Mexico, invested third which Colombia increase when The a that regions. with gates. in XX Fiona quarter the record - third terminal project margin a nearly turn levels points costs the into XXXX, in primarily XX.X% was tariffs. past quarter XXXX be increase with as impact leverage depreciation slightly up revenues to consisted a EBITDA the MXNXXX XXs, of of billion and and a to Cancun up true over Rico of achieve EBITDA Rico reported quarter geographic in by during even remain in with report control CapEx levels allowed sum, year-on-year, XX% below growth from XX% XX% MXNX.X of of to CapEx, Mexico in profitability MXNX.X which on solid across In adjusted in recover with of X% XX% performance we but commercial phase Airport, last the under comparing measures year were because of expansion course services EBITDA revenues income same energy. million cost adjusted Puerto the your was XX% MXNX.X international together third on a we
adjust maintaining taxiways nearly Commenting cash strong quarter MXNXX repairs in we remodeling on are and quarter times Terminal net on of last closed balance the coverage months the position profile, sheet the billion with track a runways also a B equivalents to with interest and We Rico. EBITDA Puerto and healthy at end, X.X and major liquidity debt times. maintenance, at with XX.X debt the with cash XX with
reflecting our XX% receivables, year-on-year, increased increased nearly across across activity Finally airports.
of quarter, Before quick number again, the travels we the the levels to the to surpassing in of thanks call, once we a XXXX move Q&A quarter, of welcome third portion spent. record recap passengers another robust
demand will this below remain a markets that eventually could Also - elsewhere any environment winter Canadians the traffic arise and pre-pandemic in levels. inflationary all above fall in levels, traffic we expect offset Canadian help in Not its that Europe in normalize While U.S., finally the was recovery XXXX traffic the from will world. proceeds season.
strong as trends pent traffic still supported today's, today by healthy we that As up demand. see are
as efficient to years half. business that last call operating questions. Lastly, the deliver for levels achieved able over Lynn, strong our throughout we earlier, have additional were drove improving significantly profitability by I a noted and Please passenger we two growth the fee open leverage
