Grupo Aeroportuario del Centro Norte's Q4 2024: Contradictions in Traffic Growth and CapEx Strategy

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Traffic Growth and Recovery:
- Grupo Aeroportuario del Centro Norte's (OMA) total passenger traffic in the fourth quarter grew by 4.6%, with international traffic reaching a record 26.4% growth.
- This was driven by the recovery of capacity constraints affecting major airline partners, increased international route expansion, and the easing of operational restrictions at the Mexico City International Airport.

Monterrey Airport Expansion and Connectivity:
- The Monterrey Airport experienced significant passenger traffic expansion on routes to the U.S., accounting for approximately 74% of the total increase in international passenger traffic during the quarter.
- The expansion was supported by the opening of new domestic and international routes, reflecting the airport's strategic positioning as a major connecting hub in Northern Mexico.

Commercial Revenue and Diversification:
- OMA's commercial revenues per passenger reached a record high of 60 pesos in 2024, a 17% increase from 2023.
- This growth was driven by contract renegotiations, new outlet openings, introduction of new brands and operators, and successful execution of commercial and diversification strategies across various business segments.

Capital Expenditure and Infrastructure Development:
- OMA continued to invest in long-term infrastructure development, with notable projects including the expansion of the Monterrey Airport and the remodeling of Durango International Airport.
- These projects aimed to increase airport capacity, enhance passenger experience, and support the long-term development of airport operations and connectivity.