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    Stephen Trent's Team

    Managing Director and Senior Equity Analyst at Citigroup

    Stephen Trent is a Managing Director and Senior Equity Analyst at Citigroup, specializing in airline sector research with a focus on major U.S. and Latin American carriers including JetBlue Airways, Frontier Group, and Xenia Hotels & Resorts. His track record includes issuing investment grading and price targets that inform key market moves, with frequent updates and neutral-to-underweight recommendations on companies like JetBlue and Frontier; public data show his performance is tracked by MarketBeat, though exact ROI figures are behind a paywall. Trent began his career in equity research over a decade ago, with previous stints at Calyon Securities and other firms before joining Citigroup, where he is based in Lower Manhattan. He holds professional finance credentials and relevant securities licenses and is recognized for his expertise in analyzing financial health and demand dynamics of airline industry constituents.

    Stephen Trent's Team's questions to Central North Airport (OMAB) leadership

    Stephen Trent's Team's questions to Central North Airport (OMAB) leadership • Q1 2024

    Question

    An analyst from Stephen Trent's team at Citi asked if it was too early for the next administration to discuss extending concession contracts and what investors should expect regarding tariffs and CapEx in the next regulatory review.

    Answer

    CEO Ricardo Duenas confirmed that it is too early to have conversations about extending the concession. He reiterated that for the next Master Development Plan (MDP), the company is still in the early stages of developing traffic and CapEx projections with its partner, VINCI.

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