Asur Reports December 2025 Passenger Traffic at 6.7M, Up 0.4%
Asur announced that passenger traffic for December 2025 reached a total of 6.7M passengers, representing an increase of 0.4% compared to December 2024. Passenger traffic increased 6.0% in Colombia, and presented declines of 0.4% and 4.2% in Mexico and Puerto Rico, respectively. Colombia's growth was driven by increases of 6.3% in international traffic and 5.9% in domestic traffic. Mexico experienced decreases of 0.1% and 0.8% in international and domestic traffic, respectively, while Puerto Rico saw a 0.3% increase in international traffic which was more than offset by 4.8% decrease in domestic traffic.
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- Market Sentiment Shift: The iShares Expanded Tech-Software Sector ETF (IGV) dropped about 5% in morning trading, marking its largest one-day decline since last April, indicating a sharp decline in investor confidence as the fund is now down approximately 21% from its recent high, entering bear market territory.
- ServiceNow Stock Plunge: Despite ServiceNow exceeding Wall Street's fourth-quarter earnings expectations and issuing better-than-expected guidance, its shares fell over 11% on Thursday, reflecting that stable growth is insufficient to shift the narrative in an environment of heightened skepticism towards traditional software vendors.
- Microsoft Hit Hard: Microsoft slid about 10% after reporting a slowdown in cloud growth, on track for its steepest one-day drop since March 2020, while also issuing softer-than-expected guidance on operating margins for the fiscal third quarter, amplifying investor unease.
- AI Threat Intensifies: The rapid development of artificial intelligence has heightened investor concerns about the potential erosion of demand for traditional software licenses and workflows, leading to a reassessment of valuations in the software sector as AI is perceived to potentially shrink long-term revenue prospects permanently.
- Strong Semiconductor ETF Performance: The VanEck Semiconductor ETF (SMH) has surged over 140% in the past nine months, mirroring the recovery seen after the 2020 pandemic lows, which has helped maintain the overall market near its highs.
- Software ETF Continues Decline: The iShares Expanded Tech-Software Sector ETF (IGV) fell to its lowest level since April 2025 on Wednesday, breaking below a clear topping pattern, reflecting weakness in the software sector that may impact investor confidence.
- Relative Strength Indicator Hits All-Time Low: The relative strength index (RSI) of IGV versus SMH has dropped to 15, marking a historic low, indicating extreme weakness in the software ETF and potential for a bounce in the near term.
- Significant Market Rotation: The stark contrast between the strong performance of the semiconductor sector and the ongoing decline of the software sector highlights notable internal market rotation, prompting investors to closely monitor future trend changes.

- Leadership Appointment: Asure Software has appointed Mike Eralie as Senior Vice President of Operations, bringing over 20 years of leadership experience in the HCM industry, having previously served as COO at Safeguard Pay and NGA, where he successfully drove global service delivery and customer success.
- Strategic Focus: In his new role, Eralie will be responsible for optimizing service delivery, aligning cross-functional teams, and building the operational foundation necessary to support Asure's continued expansion, aiming to enhance customer satisfaction and operational efficiency.
- Enhancing Client Experience: Eralie emphasizes that strong operations and exceptional client experiences are foundational to the company's growth, and his addition is expected to drive improvements in service quality, thereby enhancing Asure's competitive position in the market.
- Company Vision: Asure's CEO Pat Goepel stated that Eralie's leadership style and customer focus are exactly what the company needs to accelerate its growth, signaling further development in the HCM sector.
- Passenger Traffic Growth: In December 2025, ASUR reported a total passenger traffic of 6.7 million, reflecting a year-over-year increase of 0.4%, indicating stable performance in both international and domestic markets despite declines in Mexico and Puerto Rico.
- Strong Colombian Market: Colombia experienced a 6.0% increase in passenger traffic, driven by a 6.3% rise in international traffic and a 5.9% increase in domestic traffic, suggesting a recovery in tourism demand that enhances ASUR's competitive position in the Latin American market.
- Challenges in Mexico: Despite the overall traffic decline, Mexico saw a slight drop of 0.1% in international and 0.8% in domestic traffic, reflecting intensified market competition and economic uncertainties that may impact ASUR's future growth strategies.
- Puerto Rico Market Volatility: Puerto Rico's passenger traffic decreased by 4.2%, although international traffic saw a minor increase of 0.3%, but a significant 4.8% drop in domestic traffic could affect ASUR's operational strategies and investment decisions in the region.

Acquisition Talks: ServiceNow is in advanced negotiations to acquire cybersecurity startup Armis, valued at $6.1 billion, with the deal potentially reaching $7 billion, marking ServiceNow's largest acquisition to date.
Market Conditions: The acquisition could be announced soon, but there is a possibility it may not finalize, as many startups are opting for acquisitions over IPOs due to uncertain market conditions.
Armis's Growth: Founded in 2016, Armis has achieved over $300 million in annual recurring revenues and recently raised $435 million in funding, indicating strong financial performance.
Investor Backing: The latest funding round for Armis was led by Goldman Sachs Alternatives, with participation from notable investors like CapitalG, Sequoia Capital, and Bain Capital Ventures.
- Shareholders' Meeting Announcement: Grupo Aeroportuario del Sureste has called for a shareholders' meeting on January 26, 2026, to discuss proposals for acquiring shares and airport operators, aiming to enhance market competitiveness through business expansion.
- Financing Plans: The agenda includes discussions on the company's proposals to contract debt through bank loans or securities issuances, which is expected to provide essential funding for future expansion and operations.
- Shareholder Eligibility Requirements: Shareholders must be registered on the shareholder register by January 21, 2026, and obtain admission passes, ensuring smooth meeting proceedings and safeguarding shareholder rights.
- Resolution Implementation: The meeting will appoint delegates to enact the resolutions adopted, ensuring effective governance and transparency, which will further enhance investor confidence.








