Core Insights - The article emphasizes the importance of data-driven analysis in identifying investment opportunities within the aerospace, defense, and airline sectors [2]. Group 1: Investment Opportunities - The Aerospace Forum aims to uncover investment opportunities in the aerospace, defense, and airline industries, highlighting significant growth prospects in these sectors [2]. - The analysis provided by the forum is informed by data analytics, which helps contextualize industry developments and their potential impact on investment strategies [2]. Group 2: Analyst Background - The lead analyst, Dhierin, has a background in aerospace engineering, which equips him with the expertise to analyze the complexities of the industry [2]. - The forum offers direct access to data analytics monitors, enhancing the investment research process [2].

Financial Data and Key Metrics Changes - In Q4 2024, total passenger traffic increased by 4.6% compared to Q4 2023, with domestic traffic growing by 1.5% and international traffic surging by 26.4% [8][19][21] - For the full year 2024, domestic traffic declined by 3.5%, while international traffic increased by 15% compared to 2023 [9][10] - Adjusted EBITDA for Q4 2024 reached Ps.2.4 billion, with an adjusted EBITDA margin of 73.8% [36] - Consolidated net income for Q4 2024 was Ps.1.2 billion, a decrease of 5.9% compared to Q4 2023 [38] Business Line Data and Key Metrics Changes - Restaurant revenues grew by 22%, VIP lounge revenues increased by 51%, and parking revenues rose significantly, contributing to a record high commercial revenue per passenger of Ps.60 in 2024, a 17% increase from 2023 [11][14] - OMA Cargo business grew by 22% in 2024, driven by organizational changes aimed at improving efficiency and customer service [12] - Hotel services revenue increased by nearly 20% compared to 2023, while industrial service revenue grew by 61% for the full year [13][14] Market Data and Key Metrics Changes - The combination of operational restrictions at Mexico City Airport and limited aircraft availability reshaped traffic dynamics, leading to a shift in airline strategies towards international routes [6][7] - The demand for flights between Monterrey and Mexico City metropolitan area grew by 8.18% in 2024, despite overall domestic traffic decline [9] Company Strategy and Development Direction - The company is focusing on expanding its Monterrey Airport, with ongoing projects aimed at increasing passenger capacity to nearly 16 million annually by early 2026 [16][17] - The strategy includes enhancing international connectivity by launching new routes and strengthening the airport's position as a major hub in Northern Mexico [8][21] Management's Comments on Operating Environment and Future Outlook - Management noted a recovery in domestic capacity deployment by main carriers and expects mid-single-digit growth in passenger traffic for 2025 [43][44] - The company is optimistic about the development of Monterrey's route network and sees potential for further growth in international traffic [44][68] Other Important Information - All 13 OMA airports achieved Level 3 Optimization Certification on the Airport Carbon Accreditation Program, highlighting the company's commitment to sustainable airport management [27] - The concession tax increased by 97% to Ps.265 million due to a rate hike, impacting financial results [34] Q&A Session Summary Question: Traffic outlook for this year and Monterrey's route network development - Management expects mid-single-digit growth in passenger traffic for 2025, with opportunities to further develop Monterrey as a connecting hub [43][44] Question: MDP expectations and CapEx ramp-up - Management is working on an optimized CapEx plan to maximize net present value without putting unnecessary pressure on tariffs [45] Question: Timing for MDP announcement and cost pressures - The MDP plan will be presented by the end of June, with expectations of inflationary cost increases in 2025 [59][60] Question: Interest expense increase and future expectations - The increase in interest expense is related to adjustments in the major maintenance provision, which is sensitive to interest rate variations [72][73] Question: Traffic guidance for Monterrey - Monterrey is expected to drive growth, with traffic projections incorporating some macroeconomic volatility [94] Question: Strategy behind short-term loan - The short-term loan was aimed at strengthening working capital and is expected to be refinanced with long-term debt [112]

Core Insights - The article discusses the features and benefits of Ian's Insider Corner, an investing group led by Ian Bezek, which provides access to investment reports, trade alerts, and a community for investors [1]. Group 1 - Ian Bezek has a decade of experience as a hedge fund analyst and has conducted extensive research in Latin American markets, focusing on countries like Mexico, Colombia, and Chile [2]. - The investing group offers a Weekend Digest that includes new investment ideas, updates on current holdings, macro analysis, and direct access to Ian Bezek [1]. - The group emphasizes high-quality compounders and growth stocks at reasonable prices in both the US and other developed markets [2].

Core Viewpoint - Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3]. Stock Performance - OMAB shares have increased by 13% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Expectations - Recent earnings expectations for OMAB show one upward revision and no downward changes in the last 60 days, with the Zacks Consensus Estimate also moving higher [4]. - Positive earnings estimate revisions further support the bullish outlook for OMAB [5].

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.In August, I reiterated my buy rating for Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB ). Since then, the stock has gained 3.2% but continued to underperform the stock market, which gained 4.5%. On the 25th of October, the company reported it ...

Financial Data and Key Metrics Changes - In Q2 2024, total passenger traffic reached 6.5 million, a decrease of 2.4% compared to the same quarter last year [13] - Adjusted EBITDA was MXN2.2 billion with an adjusted margin of 73.3%, while total aeronautical and non-aeronautical revenues grew 1.1% to MXN2.9 billion [20][23] - Consolidated net income increased by 1.5% to MXN1.3 billion compared to Q2 2023 [40] Business Line Data and Key Metrics Changes - Aeronautical revenues decreased by 2.5%, primarily due to a 4.3% decline in domestic passenger traffic, partially offset by a 12.4% growth in international passenger traffic [36][90] - Non-aeronautical revenues increased by 13.8%, driven by VIP Lounges, Parking, and Restaurants [20][31] - Commercial revenues grew by 11.9%, with significant contributions from VIP Lounges and Parking [20][31] Market Data and Key Metrics Changes - International passenger traffic increased by 12% compared to Q2 2023, with Monterrey airport showing significant growth on routes to Atlanta, Las Vegas, Toronto, and Orlando [7][8] - The occupancy rate of commercial space stood at 95.3% at the end of the quarter [32] Company Strategy and Development Direction - The company is focusing on expanding its airport as a key logistics hub, with plans to increase cargo warehouse capacity by nearly 50% [16] - OMA is actively working on expanding and remodeling terminal buildings across several airports, reflecting a commitment to enhancing facilities and services [18] Management Comments on Operating Environment and Future Outlook - Management noted that the Pratt & Whitney engine recall affected traffic, particularly on routes like Monterrey to Cancun, but expects a quick recovery as the issue fades [5][30] - The company anticipates a low-single-digit decrease in traffic for the second half of the year due to the ongoing effects of the Pratt & Whitney issue [58] Other Important Information - The concession tax increased by 71% to MXN239.3 million due to a rate increase from 5% to 9% on revenues generated by airport concessions [21] - Cash generated from operating activities in Q2 amounted to MXN1 billion, with total debt at MXN10.9 billion and a net debt to adjusted EBITDA ratio of one times [93] Q&A Session Summary Question: Expectations for traffic in the second half of the year - Management expects a low-single-digit decrease in traffic due to the Pratt & Whitney issue [58] Question: Reason for traffic decline on the Monterrey-Cancun route - The decline was primarily due to reduced capacity by some carriers operating that route, which was significantly affected by the Pratt & Whitney issue [30] Question: Impact of international passengers on commercial revenues - The increase in commercial revenues is attributed to overall strategy rather than solely international passenger growth [78] Question: Compliance with maximum tariff - The company is close to 99.3% compliance with maximum tariff at this point [69] Question: Plans for international expansion - The company is always looking for international expansion opportunities but is not currently involved in any tender bidding processes [66]

Stocks with meaningful exposure to Mexican federal government policy have yet to recover from their post-election selloffs, but I do think there could be some bargains in the mix now, and that includes Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) ("OMA"), the operator of 13 airports in Mexico, including the airports in Monterrey, Culiacan, Chihuahua, and Ciudad Juarez. While there are valid concerns about government policy towards concession operators now, not to mention concerns about near-term traff ...

Guide to Identifying Oversold Stocks Grupo Aeroportuario del Centro Norte (OMAB) has been beaten down lately with too much selling pressure. While the stock has lost 16.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 _______ ...