OMA: Jan 2024 Passenger Traffic Up 0.6%; Int'l Jumps 7.7%

TL;DR

**OMA's January passenger traffic barely grew 0.6%, but international travel is booming, offsetting domestic dips and Hurricane Otis's hit on Acapulco.**

AI Summary

Central North Airport Group (OMA) reported a modest 0.6% increase in total passenger traffic across its 13 airports in January 2024 compared to January 2023. This was driven by a strong 7.7% rise in international traffic, which offset a 0.6% decrease in domestic traffic. The results for Acapulco Airport were notably impacted by Hurricane Otis, and excluding Acapulco, the overall traffic growth would have been higher. This matters to investors because passenger traffic is a key indicator of OMA's revenue and profitability, and while overall growth was slight, the international segment shows strength despite a significant natural disaster affecting one of its key airports.

Why It Matters

Passenger traffic directly correlates with OMA's revenue from airport services, concessions, and other fees, making it a crucial metric for investors to gauge the company's financial health and growth prospects.

Risk Assessment

Risk Level: medium — The mixed traffic results (domestic down, international up) and the ongoing impact of Hurricane Otis on Acapulco Airport introduce some uncertainty, preventing a 'low' risk rating.

Analyst Insight

An investor should monitor OMA's upcoming monthly traffic reports, paying close attention to the recovery of Acapulco and the continued strength of international travel, as these will be key determinants of future revenue growth.

Key Numbers

• 0.6% — total passenger traffic increase (overall growth across OMA's 13 airports in January 2024 vs. January 2023)
• -0.6% — domestic traffic decrease (decline in domestic passenger traffic in January 2024 vs. January 2023)
• 7.7% — international traffic increase (growth in international passenger traffic in January 2024 vs. January 2023)
• 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 and airport operator, also known as OMA
• OMA (company) — the common name for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
• Acapulco Airport (company) — one of OMA's 13 airports, impacted by Hurricane Otis
• Hurricane Otis (event) — natural disaster impacting Acapulco Airport's traffic figures
• February 7, 2024 (date) — date of the report
• January 2024 (date) — period for which passenger traffic is reported
• January 2023 (date) — comparison period for passenger traffic

Forward-Looking Statements

• International passenger traffic will continue to be a strong growth driver for OMA in the near term. (OMA) — medium confidence, target: Q1 2024
• Acapulco Airport's traffic will gradually recover, but its full rebound may take several quarters. (Acapulco Airport) — medium confidence, target: Q3 2024

FAQ

Filing Documents

• oma-6k_020724.htm (6-K) — 19KB
• oma-6k_img02a.jpg (GRAPHIC) — 55KB
• image_003.jpg (GRAPHIC) — 102KB
• oma-6k_img01.jpg (GRAPHIC) — 16KB
• oma-6k_img03a.jpg (GRAPHIC) — 192KB
• oma-6k_img04.jpg (GRAPHIC) — 27KB
• oma-6k_img05.jpg (GRAPHIC) — 16KB
• oma-6k_img07.jpg (GRAPHIC) — 6KB
• 0001999371-24-001677.txt ( ) — 590KB

From the Filing

REPORT 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 February 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 0.6% increase in January 2024 passenger traffic Mexico City, Mexico, February 7, 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 0.6% in January 2024, as compared to January 2023. Domestic traffic decreased -0.6%, and international traffic increased 7.7%. During January, 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 3.4% during January 2024, as compared to January 2023. Of total passenger traffic, 99.4% was commercial, and 0.6% was general aviation. A total of 10 routes started operations during the month: 2 This report may contain forward-looking information and statements. Forward-looking 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 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 February 7, 2024

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