Grupo Aeroportuario del Centro Norte Focuses on Increasing Nonaeronautical Revenue.
Wide-moat Centro Norte posted second-quarter earnings that featured higher passenger revenue and growth in earnings over the year-ago period. While the recent election of Andres Manuel Lopez Obrador, AMLO, adds some uncertainty to Mexican air travel demand, we’re encouraged by the 10% year-over-year passenger traffic growth achieved this quarter. In addition to strong revenue growth, Centro Norte opened 10 new routes and grew its seat capacity by 11% compared with the second quarter of 2017. Our...
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