Equity Analysis /
MexicoGrupo Aeroportuario Centro Norte: Flash OMA: Inflection point for passengers in April with solid advances
Oma posted an 897.0% y/y rise in April’s passengers (72.1% vs. April 2019), in line with our expectation of 65%-75%
The above was mainly the result of a much lower comparative base and improved demand performance, supported by Easter
The outlook is favorable given improved demand expectations, and a greater seat supply would drive traffic going forward
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
Marissa Garza Ostos
Head of Equity Research @ Banorte
6 May 2021
Published byBanorte
