Equity Analysis /

Grupo 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
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

7 June 2022
Published byBanorte


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