Grupo Aeroportuario del Centro Norte Q2 Earnings Call Highlights

Grupo Aeroportuario del Centro Norte Q2 Earnings Call Highlights

Grupo Aeroportuario del Centro Norte Q2 Earnings Call Highlights Written by MarketBeat July 28, 2026 Share Link copied to clipboard. Image from MarketBeat Media, LLC. Key Points OMA delivered solid Q2 results: Passenger traffic rose 0.4% to 7.2 million, adjusted EBITDA increased 6.2% to MXN 2.7 billion, and net income grew 10.2% to MXN 1.5 billion. Revenue growth and disciplined cost control lifted the adjusted EBITDA margin to 75.2%. Traffic trends were mixed: Domestic traffic grew 0.6%, while international traffic fell 1.2%, mainly due to weaker Monterrey routes. Management expects full-year traffic to be roughly flat to low-single-digit growth as airlines adjust capacity amid higher fuel prices. OMA is investing for expansion while strengthening its balance sheet: The company plans MXN 3.5–4 billion in 2026 investments, expanded cargo operations and new hotel and industrial projects. It also issued MXN 3 billion in long-term notes, while reporting net debt-to-adjusted EBITDA of 1.1 times and an 88% reduction in Scope 1 and 2 emissions per passenger since 2018.

Grupo Aeroportuario del Centro Norte NASDAQ: OMAB reported second-quarter 2026 passenger traffic of 7.2 million, up 0.4% from a year earlier, as growth in domestic travel offset a decline in international traffic. The airport operator said adjusted EBITDA rose 6.2% to MXN 2.7 billion, while consolidated net income increased 10.2% to MXN 1.5 billion. CEO Ricardo Dueñas said available seat capacity declined 0.3% during the quarter. Domestic passenger traffic increased 0.6%, aided by growth at San Luis Potosí Airport on routes to Acapulco and Cancún. Those routes added more than 23,000 passengers and represented 61% of the company’s total domestic passenger growth, he said.

International traffic fell 1.2%, primarily reflecting lower traffic at Monterrey Airport on routes to Los Angeles, Dallas-Fort Worth and San Antonio. Airline Traffic and Route Additions Volaris, which represented 25% of OMA’s passenger traffic in the period, increased traffic 7% year over year. Viva, which accounted for 50% of passenger traffic, recorded a 2% decline. Airlines opened 24 routes across OMA’s airports during the quarter, including 18 domestic and six international routes. Aeroméxico launched service between Monterrey and Paris in April, while Iberia began its first Monterrey operation with service to Madrid in June. Dueñas said the Paris route carried more than 14,000 passengers during the quarter and was changed from a seasonal service to a permanent, year-round route following its initial performance. Looking ahead, management said airlines were adjusting capacity in response to higher oil and jet-fuel prices during the first half of the year. Dueñas said OMA expects full-year traffic to range from roughly flat to low-single-digit growth. He also cited announced or developing routes involving WestJet and destinations including Acapulco, Montreal, Chihuahua, Mexico City’s Felipe Ángeles International Airport, Mazatlán and Vancouver.

Revenue Growth and Margin Expansion Total aeronautical and non-aeronautical revenue rose 5.4% to MXN 3.6 billion in the second quarter. Aeronautical revenue increased 3.9%, primarily because of tariff adjustments that took effect in April. Domestic passenger charges grew with the new tariffs, while international passenger charges declined due to the appreciation of the Mexican peso and lower international traffic, CFO Ruffo Pérez Pliego said. Non-aeronautical revenue rose 9.8%, including a 6.7% increase in commercial revenue. Parking revenue grew 8.8%, supported by passenger traffic and longer stays, while restaurant revenue increased 11.3% and retail revenue rose 4.2%. VIP lounge revenue grew 15.8%, driven by higher capture rates at Monterrey and the recently opened lounge in Torreón. Commercial revenue per passenger reached MXN 66.4, while commercial-space occup...