tiprankstipranks
Grupo Aeroportuario Del Centro Norte’s Mixed Q3 2024 Results
Company Announcements

Grupo Aeroportuario Del Centro Norte’s Mixed Q3 2024 Results

Grupo Aeroportuario Del Centro (OMAB) has released an update.

Don't Miss our Black Friday Offers:

Grupo Aeroportuario Del Centro Norte (OMA) revealed a mixed third-quarter performance for 2024, with passenger traffic declining by 5.3% compared to the previous year, despite a 1.4% rise in total aeronautical and non-aeronautical revenues. Notably, the company reported a significant 31.6% increase in logistics revenues, attributed to enhanced cargo operations in Monterrey, while hotel services also showed strong growth with increased occupancy and room rates. OMA’s adjusted EBITDA reached Ps.2,435 million, reflecting a robust operational strategy amidst challenging market conditions.

For further insights into OMAB stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskGrupo Aeroportuario Del Centro Secures Ps.600 Million Loan
TheFlyBofA double downgrades OMA on 2025 traffic headwinds
TheFlyOMA downgraded to Underperform from Buy at BofA
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App