Grupo Aeroportuario del Centro Norte (OMAB) (or “OMAB”) was always looking at a more challenging 2020, as investors fretted about the worsening economic outlook for Mexico and the outcome of the company’s new tariff proposal (the Master Development Plan or MDP). With Covid-19 entering the picture, though, those past concerns seem almost trivial relative to new challenges faced by the air travel sector and the implications of Covid-19 on Mexico’s economy.
OMAB shares have already been hammered down, with the shares dropping more than half from their late February high. I believe the