ASUR Airports

What ASUR Airports does

ASUR Airports is the U.S. commercial concessions subsidiary of Grupo Aeroportuario del Sureste (ASUR), a publicly traded Mexican airport operator (BMV: ASUR) that runs 16 airports across Mexico, Colombia, Puerto Rico, and the United States. ASUR Airports was established in December 2025 through the acquisition of ASUR US Airports, LLC, and manages 9 terminals across 3 major U.S. hub airports — Los Angeles International (LAX, Terminals 1, 2, 3, 6, Tom Bradley International Terminal and Bradley West Gates), John F. Kennedy International (JFK Terminal 8 with American Airlines and the upcoming New Terminal One), and Chicago O'Hare International (Terminal 5) — serving over 70 million annual customers. The company operates a B2B enterprise model in which it contracts directly with airport authorities to design, develop, lease, and operate commercial concessions, then sub-leases space to a mix of global brand operators (Eataly, HMSHost/Avolta, Duty Free Americas) and local/diverse-owned businesses through its Advance Network initiative. Its 2026 completion of the $125 million JFK Terminal 8 commercial transformation — the first finished terminal in JFK's $19 billion redevelopment — anchors its case for design and redevelopment execution, supported by ACI and AMAC awards. Underlying technology is a data-driven digital marketplace and mobile ordering platform aimed at personalizing the customer journey and driving commercial revenue per passenger, though no proprietary AI/ML models are disclosed. Revenue mechanics come primarily from transaction-fee-style commercial concessions (retail, dining, duty-free) tied to passenger traffic, supplemented by non-recurring construction services revenue tied to redevelopment projects; per-passenger spend is the key unit economics lever, with Q2 2026 commercial revenue per passenger up 12.6%.

Name

ASUR Airports

Legal name

ASUR Airports, LLC

Website

https://urwairports.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

101–250 employees

Short description

ASUR Airports is the U.S. commercial concessions subsidiary of Grupo Aeroportuario del Sureste, operating 9 terminals across JFK, LAX, and ORD serving 70M+ annual passengers through airport authority contracts and brand-partner leasing.

Ownership category

akta.pro rank

Product category

Airport Concessions Management

NAICS

Airport Operations (48811), Support Activities for Air Transportation (4881), Other Support Activities for Air Transportation (48819)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Airport Lounges & Premium Passenger Facilities (THABALAA)

akta.pro secondary industries

Airport Retail (Duty-Free & Specialty) (THABALAC), Airport Food & Beverage Concessions (THABALAD)

Keywords

• Airport concessions management
• Terminal commercial operations
• Retail concession leasing
• Duty-free operations
• Airport redevelopment services

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Passenger Traffic & Aeronautical Revenue: ASUR generates revenue from passenger traffic across its airport network in Mexico, Colombia, and Puerto Rico. Q2 2026 total passenger traffic declined 2.7% YoY with Mexico down 5.0%, Puerto Rico down 3.5%, and Colombia up 3.6%. Q1 2026 saw approximately 19 million passengers across operations.
2. Commercial Revenue per Passenger: Revenue from retail, dining, and duty-free concessions within airports. Q2 2026 commercial revenue per passenger increased 12.6%, offsetting traffic declines and driving overall revenue growth of 9.9% to Ps. 9,579 million.
3. US Commercial Airports Acquisitions: Revenue contribution from ASUR US Airports subsidiary acquired in December 2025, with first full consolidation in Q1 2026. Contributed significantly to Q2 2026 revenue growth of 9.9%, though excluding construction services revenues were relatively flat at -0.3% YoY.
4. Construction Services Revenue: Non-recurring construction and development revenue associated with airport terminal redevelopment projects such as the $125M commercial transformation of JFK Terminal 8. Excluded from underlying operational revenue comparisons.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

ASUR Airports is a commercial concessions operator that designs, develops, leases, and manages retail, dining, and duty-free operations at major U.S. airports. It partners with airport authorities to redevelop terminal commercial spaces and sub-leases concession space to global and local brand operators, generating revenue from concession fees and commercial spend per passenger.

Product overview

ASUR Airports is a leading international airport operator managing commercial concessions across 16 airports in the Americas. The company operates a unified platform-plus-services model with four flagship airport assets (JFK Terminal 8, JFK New Terminal One, LAX, Chicago O'Hare Terminal 5) and add-on modules including the Advance Network diversity initiative and Digital Marketplace/Mobile Ordering platform. The portfolio serves over 70 million annual customers across 9 terminals under commercial management at 3 major U.S. airports.

Differentiator

Problem solved

Functional benefit

Products and services

• JFK Terminal 8 Commercial Operations End-to-end commercial concessions management at JFK International Airport Terminal 8, including retail, dining, and brand leasing. Following a $125M redevelopment, the terminal now features 60+ new concepts with 20 local brands and an enhanced environment reflecting the spirit of New York City and Queens.
• JFK New Terminal One (NTO) Commercial Operations Upcoming commercial concessions management for JFK's New Terminal One, part of the broader $19 billion JFK transformation project. Features a flagship duty-free experience spanning nearly 20,000 SF operated by Duty Free Americas, plus iconic global brands and distinctive NYC and Queens artisanal products.
• LAX Commercial Operations Commercial concessions management across Los Angeles International Airport, spanning Terminals 1, 2, 3, 6, Tom Bradley International Terminal, and Bradley West Gates. Includes retail, dining, and duty-free operations across multiple terminals, recognized with ACI and Aviation Achievement awards.
• Chicago O'Hare Terminal 5 Operations Commercial concessions management at Chicago O'Hare International Airport Terminal 5, offering retail and dining services within ASUR's broader U.S. portfolio that serves 70M+ annual customers across 9 terminals.
• Advance Network Supplier Diversity Program Award-winning supplier diversity program that catalogs, mentors, and connects certified ACDBE, MBE, WBE, SBE, and SDVOSB businesses with airport concession and contracting opportunities at JFK, LAX, and ORD. Recognized with the 2022 AMAC Catalyst Award for Diversity & Inclusion.

Quantifiable outcome

• Commercial revenue per passenger increased 12.6%, offsetting a 2.7% traffic decline to drive overall revenue growth of 9.9% to Ps. 9,579 million in Q2 2026
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• Phoenix Infrastructure GroupcoreStrategic or Co-development PartnerASUR partnered with minority-owned infrastructure investment firm Phoenix Infrastructure Group to deliver the $125 million commercial redevelopment of JFK Terminal 8. This partnership was instrumental in executing the transformation and reflects ASUR's commitment to diverse local participation in major infrastructure projects.
• Duty Free AmericasflagshipChannel Partner/ Reseller/ DistributorDuty Free Americas was selected as the duty free operator for JFK New Terminal One, delivering a flagship duty free experience spanning nearly 20,000 SF. The partnership features iconic global brands alongside distinctive NYC and Queens-based artisanal products, marking a key concession in ASUR's JFK portfolio.
• HMSHost (Avolta AG)flagshipChannel Partner/ Reseller/ DistributorHMSHost, part of Avolta AG (formerly Autogrill), is a global restaurateur operating at airports worldwide. HMSHost partnered with Eataly to open the Italian marketplace's first North American airport location at JFK Terminal 8 as part of the $125M commercial redevelopment, featuring a 5,526-square-foot full-service restaurant.
• EatalyflagshipChannel Partner/ Reseller/ DistributorEataly, the Italian marketplace and restaurant brand, opened its first North American airport location at JFK Terminal 8 as part of ASUR's $125M commercial transformation. The 5,526-square-foot venue includes a 1,353-square-foot wine bar, retail shop, and over 130 guest seats featuring Italian cuisine, wines, and grab-and-go options.
• Neir's TavernminorChannel Partner/ Reseller/ DistributorASUR partnered with Neir's Tavern, one of New York's oldest taverns, to open its first airport outpost at JFK Terminal 8. The partnership was facilitated through ASUR's Advance Network initiative supporting minority-owned and local businesses, representing a full-circle moment for the historic establishment.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• SSP Group: SSP Group operates food and beverage concessions in airports and travel hubs worldwide. It is a direct competitor to ASUR's airport F&B concessions management, particularly in North American hub airports.
• DFS Group (LVMH): DFS is a leading luxury duty-free operator at international airports, owned by LVMH. Highly comparable to ASUR's JFK New Terminal One duty-free ambitions with Duty Free Americas, targeting affluent global travelers at flagship airport retail locations.
• Hudson Group (Avolta): Hudson (now part of Avolta) is a major North American airport convenience and specialty retail operator. It competes directly with ASUR for terminal retail concepts and book/news/convenience concessions at U.S. hub airports.
• Lagardère Travel Retail: Lagardère Travel Retail operates duty-free, convenience, and specialty retail concepts in airports globally. It directly competes with ASUR's duty-free operations such as the JFK New Terminal One partnership with Duty Free Americas.
• Áreas (Areas Worldwide): Areas is a leading international operator of travel retail and food & beverage concessions in airports and highways. Comparable to ASUR Airports as a multi-category airport concessions manager serving global brand partners and travelers.
• Avolta AG: Avolta (formerly Dufry + Autogrill/HMSHost) is the world's largest airport retail and food & beverage concession operator. It is a direct peer given that HMSHost (an Avolta subsidiary) partners with ASUR at JFK T8, indicating overlapping concession management across major global airports.
• Unibail-Rodamco-Westfield Airports (URW Airports): URW Airports was the prior brand identity of ASUR Airports' acquired U.S. operations before the December 2025 ASUR acquisition. While now under ASUR ownership, it represents the legacy direct peer in U.S. airport commercial real estate and concession management.

Broad incumbents

• Fraport AG: Fraport operates Frankfurt Airport and a global portfolio of airport investments and concessions. It is a broad incumbent in airport operations and commercial services, comparable to ASUR's vertically integrated operator-investor model at scale.
• Aéroports de Paris (ADP / Groupe ADP): Groupe ADP operates Paris airports and holds stakes in airports globally, with extensive non-aeronautical retail and real estate. It is comparable to ASUR's parent (Grupo ASUR) as a multi-airport operator with deep commercial revenue expertise.

Emerging players

• WHSmith: WHSmith operates airport retail stores primarily in North American and select global airports. It is a relevant peer in travel-retail concessions but with less F&B exposure compared to ASUR's full-service concessions model.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ASUR Airports