Grupo Aeroportuario del Centro Norte SAB de CV (OMAB)

History and Background

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMA) was founded in 1998 as part of the Mexican government's privatization of airport services. OMA operates 13 airports in central and northern Mexico. It began trading on the NASDAQ in 2006.

Core Business Areas

• Airport Operations: Management, operation, and maintenance of airports, including passenger and cargo services.
• Commercial Activities: Leasing space for retail stores, restaurants, advertising, and other services within the airports.
• Construction Services: Expansion and improvement of airport infrastructure, including terminals, runways, and parking facilities.

Leadership and Structure

The leadership team comprises a board of directors and key executives. The organizational structure is based on functional areas such as operations, finance, and commercial development.

Key Offerings

• Passenger Services: Provides essential services for airlines and passengers, including baggage handling, security, and check-in facilities. OMA handles a significant portion of air passenger traffic in its region, with increased passenger traffic after the pandemic. Competitors include other airport groups across Mexico.
• Commercial Leases: Rents out retail and commercial space within its airports. OMA generates revenue from shops, restaurants, and advertising. Competitors are limited to airport-specific retail and commercial offerings.
• Cargo Services: Provides infrastructure and handling services for cargo airlines and shipments. OMA moves cargo through its airports. Competitors include other Mexican airport operators and freight forwarders using different airports.

Industry Overview

The airport industry in Mexico is growing, driven by increasing air travel demand, tourism, and economic growth. The industry is characterized by concession-based operations and investments in infrastructure upgrades.

Positioning

OMA is one of the leading airport operators in Mexico, with a strong presence in the central and northern regions. It benefits from long-term concessions, strategic airport locations, and a diversified revenue base.

Total Addressable Market (TAM)

The TAM for airport services in Mexico is estimated to be in the billions of USD. OMA is well-positioned to capture a significant share of this market due to its established infrastructure and strategic airport locations. The company continues to invest to increase its market value.

Key Competitors

• ASR (ASR)
• PAC (CPA)

Competitive Landscape

OMA is one of the three major airport operators in Mexico. It has its own strengths and weaknesses compared to the other companies.

Historical Growth: OMA has experienced steady growth in passenger traffic and revenue over the past decade.

Future Projections: Analysts project continued growth in passenger traffic and revenue, driven by economic expansion and tourism.

Recent Initiatives: Recent initiatives include airport expansion projects, upgrades to security and technology, and development of new commercial offerings.

Grupo Aeroportuario del Centro Norte (OMA) is a robust company with a strong presence in central and northern Mexico, benefiting from long-term concessions and diversified revenue. OMA's success is driven by strategic airport locations and steady growth in passenger traffic. Regulatory risks and economic cycles remain key challenges. Continued infrastructure investment and commercial development are essential for sustained growth.

Data Sources:

• Company reports
• Financial news sources
• Industry analysis reports
• Analyst estimates

Disclaimers:

This analysis is based on available information and is subject to change. Investment decisions should be based on thorough research and consultation with a financial advisor.