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OMABBearishEarningsnews
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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2024 Earnings Call Transcript

Apr 25, 2024, 4:01 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Q1 2024 had 5.9 million passenger traffic, down 1.5% year-over-year, with domestic traffic decline. - International passenger traffic increased by 10% in the first quarter compared to last year. - Aeronautical revenues increased by 5.3%, commercial revenues by 12%, and commercial aeronautical revenue per passenger by 7%. - Major maintenance provision decreased from Ps.77 million to Ps.71 million compared to the first quarter of 2023. - OMA aiming for mid-to-low single-digit negative traffic and maintaining margins around 72-74%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Q1 2024 had 5.9 million passenger traffic, down 1.5% year-over-year, with domestic traffic decline.
  • International passenger traffic increased by 10% in the first quarter compared to last year.
  • Aeronautical revenues increased by 5.3%, commercial revenues by 12%, and commercial aeronautical revenue per passenger by 7%.
  • Major maintenance provision decreased from Ps.77 million to Ps.71 million compared to the first quarter of 2023.
  • OMA aiming for mid-to-low single-digit negative traffic and maintaining margins around 72-74%.

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