Grupo Aeroportuario del Centro Norte SAB de CV
XMUN:G7A
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Grupo Aeroportuario del Centro Norte SAB de CV
XMUN:G7A
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Grupo Aeroportuario del Centro Norte SAB de CV
Grupo Aeroportuario del Centro Norte, known as OMA, runs a network of airports in north-central Mexico. It manages the runways, terminals, security, parking, and other facilities that let airlines move passengers and cargo through cities such as Monterrey, Chihuahua, and Acapulco. In simple terms, OMA is the landlord and operator of the airports in the areas where it has concessions. OMA makes money mainly from airport fees paid by airlines and passengers, plus income from retail and food shops, parking, and other commercial services inside its terminals. Its main customers are airlines, travelers, and businesses that want space in the airport. Because airports are essential infrastructure and local concessions are limited, OMA’s role is more like a regulated transport utility than a normal real estate or retail company. What makes the business different is that demand comes from air travel in the regions it serves, while OMA controls the physical gateway that every user must pass through. That gives it a mix of airline-based fees and consumer spending inside the airport. Investors should think of it as an infrastructure owner that earns steady service income from a critical transportation network.
Grupo Aeroportuario del Centro Norte, known as OMA, runs a network of airports in north-central Mexico. It manages the runways, terminals, security, parking, and other facilities that let airlines move passengers and cargo through cities such as Monterrey, Chihuahua, and Acapulco. In simple terms, OMA is the landlord and operator of the airports in the areas where it has concessions.
OMA makes money mainly from airport fees paid by airlines and passengers, plus income from retail and food shops, parking, and other commercial services inside its terminals. Its main customers are airlines, travelers, and businesses that want space in the airport. Because airports are essential infrastructure and local concessions are limited, OMA’s role is more like a regulated transport utility than a normal real estate or retail company.
What makes the business different is that demand comes from air travel in the regions it serves, while OMA controls the physical gateway that every user must pass through. That gives it a mix of airline-based fees and consumer spending inside the airport. Investors should think of it as an infrastructure owner that earns steady service income from a critical transportation network.
Traffic: OMA reported 6.7 million passengers in the first quarter, up 4.7% year over year, with domestic traffic driving most of the growth.
Revenue mix: Aeronautical revenue rose 4.3% and commercial revenue grew 4.9%, while diversification revenue slipped 1.1% because of weaker hotel results and a one-time benefit last year that did not repeat.
Margins: Adjusted EBITDA increased 2.1% to MXN 2.4 billion, but operating costs rose sharply in the quarter, mainly from maintenance timing, security, cleaning and other expenses.
Tariffs: OMA raised tariffs by 6.9% on April 10 and said it expects maximum tariff compliance to improve from about 91% to about 95% by year-end.
Outlook: Management kept its full-year traffic growth view at low to mid-single digits, saying domestic demand remains stronger than international demand.
Strategic growth: OMA said it has 19 confirmed routes for the rest of the year and extended the NH Collection Hotel lease at Terminal 2 through April 2034.
