Latest news with #passengerTraffic
Yahoo
09-05-2025
- Business
- Yahoo
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB): A Bull Case Theory
We came across a bullish thesis on Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) on Substack by Chit Chat Stocks. In this article, we will summarize the bulls' thesis on OMAB. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB)'s share was trading at $88.42 as of May 2nd. OMAB's trailing and forward P/E were 16.30 and 15.06 respectively according to Yahoo Finance. A busy airport terminal full of travelers eager to utilize the company's services. Grupo Aeroportuario del Norte (OMAB) in Q1 reported 9.1% year-over-year passenger traffic growth and 15.6% revenue growth in pesos (excluding construction sales), indicating strong pricing power and increasing revenue per passenger. Commercial revenue per passenger rose 12.5%, supported by Monterrey's growing role as a major transportation hub. OMAB's operating margin over the last twelve months was an impressive 56.4%, close to an all-time high, reflecting its efficient cost structure and high-quality earnings profile. While cost categories such as employee expenses, maintenance, and concession taxes are rising, the overall margin strength highlights the company's ability to offset inflation through top-line growth. A major catalyst lies ahead with the upcoming renewal of OMAB's government contract, expected later this year. Given the inflation buildup over the past five years, a favorable renegotiation could drive a significant earnings inflection starting in 2026. Currently trading at just 11x last twelve months' operating income, OMAB remains cheap for an essential infrastructure asset with long-term tailwinds and embedded pricing power. The stock offers a compelling combination of resilience, cash flow, and upside optionality through contract renegotiation, making it a standout opportunity in today's market. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held OMAB at the end of the fourth quarter which was 9 in the previous quarter. While we acknowledge the risk and potential of OMAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than OMAB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
07-05-2025
- Business
- CNA
Aviation sector can see growth amid US tariffs; digitalisation key: Chee Hong Tat
Transport Minister Chee Hong Tat has said that the aviation sector is one of the promising sectors for growth amid US tariffs. He added that the key focus is digitalisation to maximise productivity. This comes as Singapore hit record passenger traffic volumes and continues to grow its cargo handling capacity. He added that groundbreaking for Changi Airport's Terminal 5 is set to take place next week. Charlotte Lim with more.
Yahoo
07-05-2025
- Business
- Yahoo
GTAA REPORTS 2025 ANNUAL RESULTS
Earnings before interest and financing costs, and amortization ("EBITDA") decreased during the three months ended March 31, 2025, by 1.0 per cent to $216.9 million, compared to the same period of 2024. Higher revenues associated with the increase in aeronautical and AIF fees were offset by the increase in operating costs (before amortization), for Q1 2025 reflecting investments in the year to support customer experience and prepare GTAA for medium to long term growth in passenger volumes. Revenue growth of $18.9 million for the three months ended March 31, 2025, is primarily driven by rate and fee increases, offset by a decline in passenger volumes compared to the same period in 2024. 2 Please refer to Non-GAAP Financial Measures at the end of this document for further details. "We continue to make steady progress on our growth strategy as we build for the future" added Ms. Flint. "Pearson's economic contribution to the region are substantial, and we remain focused on strengthening our connectivity as a global hub airport." "Our performance in the first quarter has been marginally affected by the operational events in February as well as the current global economic and political landscape," said Deborah Flint, President and CEO. "These pressures have resulted in a 2% decline in total year over year passenger traffic." TORONTO, May 6, 2025 /CNW/ - The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for the three months ended March 31, 2025. Toronto Pearson, Canada's busiest airport, saw a slight decline in its passenger volumes, which decreased 2.0 per cent to 10.7 million in the first quarter of 2025, compared to the same period in 2024. This was due to a slight softening in both the international and domestic sectors, compared to the same period in 2024. February also saw extreme weather conditions, and a five-day runway closure due to a single aircraft incident. Story Continues Net income decreased during the three months ended March 31, 2025 by $4.1 million to $69.5 million, compared to the same period of 2024 due to the increase in total expenses being partially offset by increase in revenues. Free cash flow increased $13.7 million to $130.8 million driven by higher cash flow from operations partially offset by lower receipt of funds under the Airport Critical Infrastructure Program ("ACIP"). Cash flows from operations are used to fund capital expenditures focused on improving facilities and enabling growth, while maintaining quality customer experience. The GTAA's March 31, 2025 financial results are analyzed in more detail in the GTAA's Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis, each for the three months ended March 31, 2025, which are available at and on SEDAR at . Caution Regarding Forward-Looking Information This news release contains forward-looking information within the meaning of applicable securities laws. This forward-looking information is based on a variety of assumptions and is subject to risks and uncertainties. These statements reflect GTAA Management's current beliefs and are based on information currently available to GTAA Management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that the GTAA's assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in the GTAA's securities regulatory filings, including its most recent Annual Information Form and Management's Discussion and Analysis, which can be found on SEDAR at NON-GAAP FINANCIAL MEASURES Throughout this news release, there are references to the following performance measures which in Management's view are valuable in assessing the economic performance of the GTAA. While these financial measures are not defined by the International Accounting Standards Board and are referred to as non-GAAP measures which may not have any standardized meaning, they are common benchmarks in the industry, and are used by the GTAA in assessing its operating results, including operating profitability, cash flow and investment program. EBITDA EBITDA is earnings from operations before interest and financing costs, reversal or impairment of investment property, write-down of property and equipment, and amortization. EBITDA is a commonly used measure of a company's operating performance. This is used to evaluate the GTAA's performance without having to factor in financing and accounting decisions. Free Cash Flow Free Cash Flow ("FCF") is cash flows from operating activities per the consolidated statements of cash flows, and ACIP grants received less capital expenditures (property and equipment, investment property, and other) and interest and financing costs paid, net of interest income (excluding non-cash items). FCF is used to assess funds available for debt reduction or future investments within Toronto Pearson. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For our corporate X channel, please visit @PearsonComms. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram. SOURCE Greater Toronto Airports Authority Cision View original content to download multimedia:
CBC
06-05-2025
- Business
- CBC
Charlottetown Airport optimistic about future despite travel uncertainty in U.S.
At its annual meeting, the Charlottetown Airport Authority said it's expecting passenger traffic to and from Prince Edward Island will continue to climb. That's despite uncertainty south of the border. CBC's Sheehan Desjardins has more.
