Operating Revenues of P$8.2bn were driven by solid aeronautical growth and positive performance on the non-aeronautical front. Total operating sales growth of 14% YoY was driven by a 12% YoY gain in aeronautical revenues, mainly explained by higher average tariffs (+12% YoY), which supported the 0.2% gain in total PAX. On the other hand, non-aeronautical revenues (36% of the total) gained 17% YoY, supported by an implicit gain of 17% YoY in the non-aeronautical revenue per PAX. The positive performance in the non-aeronautical front was due to the opening of new commercial areas in ASUR’s airport network. In Mexico, total operating revenues increased by 9% YoY, reaching P$6.0 bn (73% of total), while in Puerto Rico and Colombia, total operating revenues gained 28% YoY and 32% YoY, respectively. Margins came below our estimates, with the EBITDA margin reaching 70.0%, with a YoY contraction, and improved on a QoQ basis. Total EBITDA reached P$5.7 Bn, with an implicit 12% YoY gain and 1% above our P$5.7 Bn estimate, which is also in line with the P$5.7 Bn consensus estimate. Higher costs, mainly in employees, maintenance expenses, security, and concession fees, were the main reason behind the EBITDA margin contraction in this quarter. Total EBITDA in Mexico was up 8% YoY to P$4.5 Bn (c 78% of total), with an implicit 75.2% EBITDA margin. On the other hand, EBITDA in Puerto Rico and Colombia rose 24% and 30%, respectively. At the bottom line, the net margin of 43.0% remained flat YoY, slightly below our 43.3% expectation. A higher interest income during the quarter positively impacted net income. The company’s financial position remains strong, with a negative net debt to EBITDA ratio of 0.5x. We reiterate our Outperform rating and P$660 PT.