Equity Analysis /
MexicoGrupo Aeroportuario Centro Norte: Flash: The recovery in May passengers slows down
In May, Oma reported a passengers increase of 28.8% y/y, showing less dynamism-than-expected
Despite the above, the demand outlook for the rest of the year remains favorable
We reiterate our favorable opinion for the stock given its attractive valuation (10.9x FV/Adj. EBITDA)
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
Marissa Garza Ostos
Head of Equity Research @ Banorte
7 June 2022
Published byBanorte
