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Mexico City, Mexico – Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB; BMV:OMA), also known as OMA, announced today that passenger traffic at its 13 airports rose by 5.2% in February 2025 compared to the same month last year. The increase is attributed to a 4.4% rise in domestic travel and a 9.7% jump in international traffic. This growth aligns with the company’s strong financial performance, maintaining impressive gross profit margins of 65.3% and delivering a healthy 4.88% dividend yield to shareholders, according to InvestingPro data.
Commercial passengers represented the majority of the traffic, accounting for 99.3%, while general aviation made up the remaining 0.7%. The growth in passenger numbers coincides with the introduction of five new routes during February, which could have contributed to the increased airport activity. The company’s operational efficiency is reflected in its strong financial health score of 3.27 (rated "GREAT" by InvestingPro), with revenue growing at 4.26% over the last twelve months.
OMA operates a network of 13 international airports across nine states in central and northern Mexico, including major locations such as Monterrey, Mexico’s third-largest metropolitan area, and popular tourist destinations like Acapulco, Mazatlán, and Zihuatanejo. The company also manages hospitality services, with the NH Collection Hotel in Mexico City’s Terminal 2 and the Hilton Garden Inn at Monterrey airport among its commercial ventures.
In their statement, OMA cautioned that the forward-looking information, including statements about future events or performance, is subject to risks and uncertainties. These could lead to actual results differing significantly from those projected. They underscored that they undertake no obligation to publicly update any forward-looking statements.
This report on OMA’s performance is based on the latest filing with the United States Securities and Exchange Commission. The company’s management believes the growth in passenger traffic reflects a positive trend, yet they remain aware of the challenges and unpredictability inherent in the aviation industry. According to InvestingPro analysis, the stock currently appears undervalued based on their proprietary Fair Value calculations, with analysts predicting continued profitability for the year ahead. InvestingPro subscribers have access to 10 additional ProTips and comprehensive valuation metrics for OMAB through their detailed Pro Research Report.
In other recent news, Grupo Aeroportuario del Centro Norte, also known as OMA, reported mixed financial results for the fourth quarter of 2024. The company experienced a slight decrease of 1.2% in passenger traffic for the full year, totaling 26.5 million passengers, while maintaining its Adjusted EBITDA at Ps.9,069 million, consistent with 2023 levels. Despite a decrease in yearly passenger traffic, OMA saw a 4.6% increase in passenger numbers in the fourth quarter, reaching 7.1 million passengers, with Monterrey and Acapulco airports showing significant growth. Revenues from aeronautical and non-aeronautical sources grew by 13.6% compared to the fourth quarter of 2023.
In January 2025, OMA announced a notable 9.9% surge in passenger traffic, with a 7.3% rise in domestic travel and a 24.0% increase in international traffic. December 2024 also saw a 9.1% increase in passenger traffic, driven by a 6.2% uptick in domestic and a 26.1% jump in international traffic. Citi analysts have maintained a Sell rating on OMA, despite the positive traffic trends, citing concerns over the company’s valuation and the potential impact of the upcoming Master Development Plan review. The firm kept its price target at $64.00. These developments reflect OMA’s ongoing efforts to navigate the dynamic aviation landscape while balancing operational growth and strategic planning.
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