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Mexico City, Mexico - Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), announced an 11.8% increase in passenger traffic across its 13 airports in March 2025 compared to the same month last year. The data, based on a press release statement, indicates that domestic traffic grew by 11.9%, while international traffic saw an 11.5% rise. According to InvestingPro analysis, OMA maintains excellent financial health with an impressive 65.3% gross profit margin, positioning it as a prominent player in the Transportation Infrastructure industry.
The company, which operates international airports in nine states of central and northern Mexico, including key locations such as Monterrey, Acapulco, Mazatlán, and Zihuatanejo, as well as other regional and border cities, attributed the growth to the start of ten new routes during the month. The majority of the traffic, 99.4%, was commercial, with the remaining 0.6% accounting for general aviation. The company's operational efficiency has contributed to its projected 11% revenue growth for FY2025, as reported by InvestingPro.
OMA, which is part of VINCI Airports since December 2022, also manages hospitality services such as the NH Collection Hotel in Mexico City's Terminal 2 and the Hilton Garden Inn at the Monterrey airport. The company is committed to providing high-level airport and commercial services, employing over 1,200 individuals.
The report was filed in compliance with the Securities Exchange Act of 1934 and signed by OMA's Chief Financial Officer Ruffo Pérez Pliego on April 7, 2025. OMA is listed on the Mexican Stock Exchange and the NASDAQ Global Select Market, and the recent passenger traffic increase is a positive indicator of the company's performance in the aviation sector.
In other recent news, Grupo Aeroportuario del Centro Norte, also known as OMA, reported a 5.2% increase in passenger traffic for February 2025 compared to the previous year. This growth includes a 4.4% rise in domestic travel and a 9.7% increase in international traffic, attributed to the introduction of five new routes. Additionally, OMA disclosed its mixed 2024 financial results, with a slight decrease in annual passenger traffic by 1.2%, totaling 26.5 million passengers, while maintaining its Adjusted EBITDA at Ps.9,069 million. Revenues from aeronautical and non-aeronautical sources grew by 13.6% in the fourth quarter of 2024, and the company invested Ps.951 million in capital and maintenance works.
Citi analysts have maintained their Sell rating on OMA, despite the positive passenger traffic trends in January and February, due to concerns over valuation and the impact of the upcoming Master Development Plan review. In January 2025, OMA saw a 9.9% surge in passenger traffic, driven by a 7.3% rise in domestic travel and a 24.0% jump in international traffic. The company also reported a 9.1% increase in passenger traffic for December 2024, with a notable 26.1% rise in international traffic. These developments reflect OMA's ongoing efforts to expand its route offerings and manage its operations across its network of 13 airports in Mexico.
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