Centro Norte Reports Higher Passenger Traffic in Third Quarter
Wide-moat Centro Norte reported third-quarter results after market close on Oct. 17 that featured higher year-over-year passenger traffic despite the damage caused by the Sept. 19 earthquake in Mexico City, whose airport serves as a connecting hub for many of Centro Norte’s airports. Total passenger traffic in the quarter increased 1.3% year over year, reaching 5.2 million, and aeronautical revenue followed suit, jumping 10.2% to MXN 1.2 billion, thanks to a single-digit increase in regulated pr...
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