OMA: Dec 2023 Passenger Traffic Up 0.4%; Acapulco Still Impacted

TL;DR

**OMA's December passenger traffic barely grew, international saves domestic dip, Acapulco still a drag.**

AI Summary

Central North Airport Group (OMA) reported a modest 0.4% increase in total passenger traffic across its 13 airports in December 2023 compared to December 2022. This was driven by a 3.5% rise in international traffic, which barely offset a 0.1% decrease in domestic traffic. The results were notably impacted by Hurricane Otis on Acapulco Airport, which operated regularly in December but still showed the lingering effects. This matters to investors because it indicates slow overall growth, with international travel being the primary driver, while domestic travel and specific airport disruptions like Acapulco's recovery from Hurricane Otis pose headwinds.

Why It Matters

This filing shows that OMA's passenger traffic growth is nearly flat, with international travel providing the only real boost, while domestic travel is slightly declining and the Acapulco airport is still recovering from Hurricane Otis.

Risk Assessment

Risk Level: medium — The flat domestic traffic and the ongoing impact of Hurricane Otis on Acapulco Airport present a moderate risk to future revenue growth for OMA.

Analyst Insight

An investor should monitor OMA's upcoming traffic reports closely, especially focusing on the recovery of Acapulco and any signs of improvement in domestic travel, as current growth is minimal and reliant on international segments.

Key Numbers

• 0.4% — total passenger traffic increase (overall growth across OMA's 13 airports in December 2023 vs. December 2022)
• -0.1% — domestic traffic decrease (decline in domestic passenger traffic in December 2023 vs. December 2022)
• 3.5% — international traffic increase (growth in international passenger traffic in December 2023 vs. December 2022)
• 13 — number of airports (total airports operated by OMA)

Key Players & Entities

• Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (company) — the registrant, also known as OMA
• OMA (company) — Mexican airport operator
• Acapulco Airport (company) — one of OMA's 13 airports, impacted by Hurricane Otis
• Hurricane Otis (event) — natural disaster impacting Acapulco Airport
• Mexico City (location) — location of the report's origin
• January 8, 2024 (date) — date of the report
• December 2023 (date) — period of passenger traffic reported
• December 2022 (date) — comparison period for passenger traffic

Forward-Looking Statements

• OMA's domestic passenger traffic will continue to face headwinds in Q1 2024. (OMA) — medium confidence, target: March 31, 2024
• International traffic will remain the primary growth driver for OMA in the near term. (OMA) — high confidence, target: June 30, 2024
• Acapulco Airport's recovery from Hurricane Otis will continue to be a drag on overall traffic figures for several more months. (Acapulco Airport) — high confidence, target: June 30, 2024

FAQ

Filing Documents

• oma-6k_010924.htm (6-K) — 18KB
• oma-6k_img01.jpg (GRAPHIC) — 15KB
• oma-6k_img02.jpg (GRAPHIC) — 55KB
• oma-6k_img03.jpg (GRAPHIC) — 90KB
• oma-6k_img04.jpg (GRAPHIC) — 24KB
• oma-6k_img05.jpg (GRAPHIC) — 17KB
• oma-6k_img06.jpg (GRAPHIC) — 194KB
• oma-6k_img07.jpg (GRAPHIC) — 5KB
• 0001999371-24-000285.txt ( ) — 570KB

From the Filing

REPORT OF FOREIGN ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V. (CENTRAL NORTH AIRPORT GROUP) _________________________________________________________________ (Translation of Registrant’s Name Into English) México _________________________________________________________________ (Jurisdiction of incorporation or organization) Torre Latitud, L501, Piso 5 Av. Lázaro Cárdenas 2225 Col. Valle Oriente, San Pedro Garza García Nuevo León, México _________________________________________________________________ (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) Form 20-F X Form 40-F (Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) Yes No X (If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .) OMA reports a 0.4% increase in December 2023 passenger traffic Mexico City, Mexico, January 8, 2024— Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), reports that terminal passenger traffic at its 13 airports increased 0.4% in December 2023, as compared to December 2022. Domestic traffic decreased -0.1%, and international traffic increased 3.5%. During December, Acapulco Airport operated in a regular manner, the figures reflect the impact of Hurricane Otis on the destination. Excluding Acapulco Airport, terminal passenger traffic in its remaining 12 airports increased 2.9% during December 2023, as compared to December 2022. Of total passenger traffic, 99.5% was commercial, and 0.5% was general aviation. A total of 12 routes started operations during the month: 2 This report may contain forward-looking information and current information and expectations and projections about future events. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “target,” “estimate,” or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption “Risk Factors.” OMA undertakes no obligation to update publicly its forward-looking statements, whether as a result of new information, future events, or otherwise. About OMA Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates the NH Collection Hotel inside Terminal 2 of the Mexico City airport and the Hilton Garden Inn at the Monterrey airport. OMA employs over 1,200 persons in order to offer passengers and clients airport and commercial services in facilities. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit: • Webpage http://ir.oma.aero • Twitter http://twitter.com/OMAeropuertos • Facebook https://www.facebook.com/OMAeropuertos 3 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. By: /s/ Ruffo Pérez Pliego Ruffo Pérez Pliego Chief Financial Officer Dated January 9, 2024

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View this 6-K filing on SEC EDGAR