I purchased OMAB, a Mexican airline company, is December of last year. OMAB has been putting up strong performance numbers and yet remains very much off the radar of most investors. They have control of some key geographical regions; hotspot destinations for vacationers.
Passenger traffic grew greater than 14% alone in the fourth quarter of 2014, year over year. The 2014 year showed passenger growth of greater than 10% – accelerating into year end.
Income from operations grew 56% in the fourth quarter of 2014 year over year, and total 2014 income increased 23%. Revenues grew 6% in the fourth quarter versus 9% for the 2014 year. Adjusted EBITA were up 14% in the fourth quarter and up 13% year over year.
OMAB is growing fast and aggressively and yet is still priced very competitively.
Thanks to lower fuel prices, OMAB is blessed with strong wind behind their sales. You could also reasonably make the case that stronger consumers are finally making time for long put-off vacations. OMAB is growing amenities in airport locations to expand non-core revenue.
Naturally I am looking forward to see how they do in 2015.
Note: I apologize for being somewhat absent the past few weeks. My wife had some health complications which have consumed vast amounts of my time.
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Forget everything.I hope you and yours
are alright.
cheers
Thank you, Gorby
All BAS no TREBLE today
Ah, sorry to hear, I’ve spent a fair share of time in hospitals and emergency rooms with others the last several years so I know it is completely consuming. Wake up and 4 months have gone by that felt like 2 weeks. My best advice, I learned to focus on feeding myself in a regular way to keep my head working and to deal with hurry up and wait-hours situations.
Thank you for the advice
Good luck !
Thoughts and prayers. Hope it’s nothing too serious.
As luck would have it, it was not. Thank you.