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ASR - Healthy Traffic And Excellent Cost Control Still The Story For Grupo Aeroportuario Del Centro Norte
Grupo Aeroportuario del Sureste S.A. de C.V.
Mexican air travel passenger numbers have remained healthier than expected through 2019, despite a weaker, more uncertain economy, and that has certainly helped Grupo Aeroportuario del Centro Norte (OMAB) (“OMAB”). So too has expense control, has management has done an exemplary job of containing and reducing expenses across the business.
With peer Grupo Aeroportuario del Pacífico (PAC) having recently announced a very successful outcome to its Master Development Plan negotiations, OMAB shares have jumped on expectations that there is less risk (and/or actual upside) as OMAB looks to negotiate its own