Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Q2 2024 Earnings Call Highlights: ...

GuruFocus.com2024-10-10

Passenger Traffic: 6.5 million, a decrease of 2.4% year-over-year. Domestic Passenger Traffic: Decreased by 4.3%. International Passenger Traffic: Increased by 12%. Aeronautical Revenue: Decreased by ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrupo Aeroportuario del Centro Norte SAB de CV (OMAB) Q2 2024 Earnings Call Highlights: ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 03:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/grupo-aeroportuario-del-centro-norte-192008685.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Passenger Traffic: 6.5 million, a decrease of 2.4% year-over-year.\nDomestic Passenger Traffic: Decreased by 4.3%.\nInternational Passenger Traffic: Increased by 12%.\nAeronautical Revenue: Decreased by ...</p>\n\n<a href=\"https://finance.yahoo.com/news/grupo-aeroportuario-del-centro-norte-192008685.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OMAB","symbol_name":"北方中心机场","start_time":0,"source_url":"https://finance.yahoo.com/news/grupo-aeroportuario-del-centro-norte-192008685.html","article_id":"2474058932","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/EKhGn8ecggZG__aLJ7xbKw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/3bc6517c2fee497fdc419908550c84e1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474058932","pubTimestamp":1728501608,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Passenger Traffic: 6.5 million, a decrease of 2.4% year-over-year.Total Revenue: MXN2.9 billion, a growth of 1.1%.Construction Revenue: MXN556 million, a decrease of 22%.Adjusted EBITDA: MXN2.2 billion with a margin of 73.3%.Net Income: MXN1.3 billion, an increase of 1.5% year-over-year.Cash Position: MXN1.6 billion at the end of the quarter.Net Debt to Adjusted EBITDA Ratio: 1 times.GuruFocus has detected 5 Warning Sign with OXLC.For the complete transcript of the earnings call, please refer to the full earnings call transcript.OMA Cargo saw a 35% increase in revenues, driven by new operations with Lufthansa Cargo and expansion plans in Monterrey.Hotel services grew by 16%, with high occupancy rates and increased average room rates at both NH and Hilton Garden Inn hotels.Aeronautical revenue decreased by 2.5%, primarily due to lower domestic passenger traffic.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OMAB":"北方中心机场"},"translate_title":"Grupo Aeroportuario del Centro Norte SAB de CV(OMAB)2024年第二季度收益看涨期权亮点：……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OMAB":1},"content_text":"Passenger Traffic: 6.5 million, a decrease of 2.4% year-over-year.\nDomestic Passenger Traffic: Decreased by 4.3%.\nInternational Passenger Traffic: Increased by 12%.\nAeronautical Revenue: Decreased by 2.5%.\nNon-Aeronautical Revenue: Increased by 13.8%.\nCommercial Revenue: Increased by 12%.\nDiversification Revenue: Increased by 27%.\nTotal Revenue: MXN2.9 billion, a growth of 1.1%.\nConstruction Revenue: MXN556 million, a decrease of 22%.\nAdjusted EBITDA: MXN2.2 billion with a margin of 73.3%.\nNet Income: MXN1.3 billion, an increase of 1.5% year-over-year.\nCash from Operating Activities: MXN1 billion.\nCash Position: MXN1.6 billion at the end of the quarter.\nTotal Debt: MXN10.9 billion.\nNet Debt to Adjusted EBITDA Ratio: 1 times.\n\n\nWarning! GuruFocus has detected 5 Warning Sign with OXLC.\n\nRelease Date: July 29, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nInternational passenger traffic increased by 12% compared to the second quarter of last year, driven by strong performance at Monterrey Airport.\nNon-aeronautical revenues grew by 13.8%, highlighting successful strategic projects and diversification efforts.\nCommercial revenues increased by 12%, with significant contributions from VIP lounges, parking, and restaurants.\nOMA Cargo saw a 35% increase in revenues, driven by new operations with Lufthansa Cargo and expansion plans in Monterrey.\nHotel services grew by 16%, with high occupancy rates and increased average room rates at both NH and Hilton Garden Inn hotels.\n\n Negative Points \n\nOverall passenger traffic decreased by 2.4% compared to the second quarter of last year, with domestic passenger traffic down by 4.3%.\nAeronautical revenue decreased by 2.5%, primarily due to lower domestic passenger traffic.\nConstruction revenues fell by 22% due to slower MDP investment execution.\nCost of services and G&A expenses increased by 16.5%, driven by expansion in operational areas and higher unit costs.\nConcession tax increased by 71% due to a rate hike from 5% to 9%, impacting financial results.\n\n Q & A Highlights \nQ: Can you provide your expectations for traffic for the second half of the year in Mexico? A: We maintain our previous projection, expecting a low-single digit decrease in traffic due to the Pratt & Whitney issue. - Ricardo Duenas Espriu, CEO\nQ: What is the potential for non-aeronautical revenue per passenger in the medium to long term? A: We expect commercial revenue per passenger to remain stable and increase with inflation. Diversification activities like cargo and hotel services are not directly correlated to passenger growth. - Ruffo Perez Pliego Del Castillo, CFO\nQ: How relevant do you think Toluca can be as an alternative to Felipe Angeles and AIFA? A: The government aims for a metropolitan airport system including Mexico City, Toluca, and Santa Lucia. We believe excess traffic will mostly go to Santa Lucia. - Ricardo Duenas Espriu, CEO\nQ: What caused the traffic decrease on the Monterrey-Cancun route? A: The decrease was due to capacity cuts by carriers affected by the Pratt & Whitney issue. We expect a quick recovery as the issue resolves. - Ruffo Perez Pliego Del Castillo, CFO\nQ: Are you considering international expansion projects? A: We are always looking for international expansion opportunities, but currently, we are not involved in any international tender processes. - Ricardo Duenas Espriu, CEO\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474058932"}