Oma reported that in April the total number of passengers of the 13 airports it operates showed an annual increase of 39.5%, representing 100.6% of the April 2019 figure, slightly above of our ~99.0% expectation, due to a solid demand dynamism. Domestic passengers advanced by 42.8% y/y, while international passengers rose 17.5% y/y. In turn, Monterrey airport -46.2% of total passengers- showed an increase of 43.5% y/y, being 98.7% of what was recorded in April 2019. On the other hand, the company mentioned that during the month four new routes began to operate
Positive implication: Oma passengers finally reached pre-pandemic levels, reaffirming the positive outlook for the following months. Given the above, and the solid 1Q22 report, we reiterate our Buy recommendation.
