Corporacion Am Stock Price, News & Analysis

Corporación América Airports (NYSE: CAAP) has acquired the remaining 25% stake in Corporación América Italia S.p.A. (CAI) from the Investment Corporation of Dubai (ICD) through a share swap agreement. The transaction involved CAAP issuing 1,996,439 new shares to ICD as consideration for the stake. CAI holds a 62.28% interest in Toscana Aeroporti S.p.A., which operates the Pisa and Florence airports.

Through this acquisition, CAAP has increased its indirect economic interest in Toscana Aeroporti by 15.6%, strengthening its position in the Italian airport sector. The transaction's fairness was validated by an independent internationally recognized firm.

Corporación América Airports (NYSE: CAAP) reported strong Q1 2025 results with solid traffic growth across its markets. Passenger traffic increased 7.3% YoY to 20.4 million, while consolidated revenues ex-IFRIC12 grew 6.4% YoY to $416.9 million. The company saw notable performance in Argentina, reaching record-high volumes in January, with international traffic up 21%. Key financial metrics include: Operating Income of $104.0 million, Adjusted EBITDA ex-IFRIC12 of $155.6 million, and a strong liquidity position with Cash & Cash equivalents of $448.6 million. The Net Debt to LTM Adjusted EBITDA ratio remained stable at 1.1x. Commercial initiatives include expanding duty-free areas at Ezeiza Airport and a new covered parking facility at Montevideo Airport. The company is progressing with strategic projects, including a $425 million Capex program in Armenia and negotiations for concession agreements in Montenegro and Angola.

Corporación América Airports (NYSE: CAAP) reported strong passenger traffic growth in April 2025, with total passengers increasing 14.0% year-over-year to 6.9 million. Domestic traffic rose 13.5%, while international traffic grew 14.1%. Argentina, accounting for over 60% of total growth, saw a 16.4% increase driven by domestic recovery and new routes. Notable performances included Brazil (+16.8%), Uruguay (+17.1%), and Italy (+11.2%). Only Ecuador showed a decline (-1.8%) due to security concerns. Cargo volume decreased 2.3% YoY, while aircraft movements increased 11.3%. The company benefited from new route launches, including JetSMART's expansion in Argentina and Wizz Air's new base in Armenia.

Corporación América Airports (NYSE: CAAP), a leading global private airport operator, has scheduled its First Quarter 2025 financial results announcement for Thursday, May 22, 2025, after market close. The company will host a conference call on Friday, May 23, 2025, at 10:00 am Eastern Time.

Key executives participating include CEO Martín Eurnekian, CFO Jorge Arruda, and Head of IR Patricio Iñaki Esnaola. Participants can join via phone using toll-free number 1-800-549-8228 for North America or 1-289-819-1520 for other locations, with Conference ID 53287. A webcast will also be available, and playback numbers will be provided for those unable to attend live.

Corporación América Airports (CAAP) reported strong passenger traffic growth in March 2025, with total passengers increasing 10.5% year-over-year to 7.05 million. The growth was driven by both domestic (+11.0%) and international (+12.7%) traffic improvements.

Argentina, accounting for 81% of total traffic growth, saw a 15.0% increase, with domestic traffic up 12.2% and international traffic rising 21.8%. Italy experienced 11.3% growth, while Brazil showed 4.6% improvement despite aviation challenges. Other markets including Uruguay (+0.5%), Ecuador (+1.1%), and Armenia (+0.6%) also posted positive results.

Cargo volume increased 9.6% YoY to 34,314 tons, with strong performances in Argentina (+20.3%) and Uruguay (+24.3%). Aircraft movements rose 6.0% YoY to 71,469, with positive contributions from all operating countries.

Corporación América Airports (NYSE: CAAP), a leading private airport operator globally, has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC). The 2024 Annual Report can be accessed through the SEC's website and the company's investor relations portal.

Corporación América Airports (NYSE: CAAP) reported its Q4 and full-year 2024 results, showing mixed performance across its portfolio. Q4 2024 saw consolidated revenues ex-IFRIC12 increase 23.1% YoY to $396.2 million, driven by aeronautical (+29.0%) and commercial (+17.5%) revenue growth. Passenger traffic decreased 1.2% to 20.5 million, while cargo volume rose 16.3% to 118.2 thousand tons.

The company maintained a strong financial position with cash and equivalents of $439.8 million and improved net debt to LTM Adjusted EBITDA ratio of 1.1x. Q4 Adjusted EBITDA ex-IFRIC12 decreased 49.5% to $150.8 million, partly due to the Argentine peso devaluation and comparison against Q4 2023's Natal concession termination payment.

Full-year 2024 results showed consolidated revenues ex-IFRIC12 up 29.0% to $1,619.9 million, despite a 2.7% decrease in passenger traffic to 79.0 million. Operating income reached $447.3 million, compared to $540.6 million in 2023.

Corporación América Airports (CAAP) reported a 6.0% year-over-year increase in passenger traffic for February 2025, reaching 8.2% YoY when excluding Natal operations. International passenger traffic grew by 11.2%, while domestic traffic rose 2.2% (5.9% ex-Natal).

Key regional performance:

• Argentina: Total traffic up 9.7% YoY, with domestic traffic rising 5.7% and international traffic surging 19.1%
• Italy: 14.1% overall growth, with international traffic up 11.8% and domestic traffic increasing 21.9%
• Brazil: Total traffic declined 1.7% YoY, but showed 9.2% growth when excluding Natal Airport operations

Cargo volume increased by 5.3% YoY, with positive contributions from most countries. Aircraft movements rose 2.0% YoY, primarily driven by Italy (+13.2%) and Argentina (+2.1%).

Corporación América Airports (NYSE: CAAP) has scheduled its Fourth Quarter 2024 financial results announcement for Wednesday, March 19, 2025, before market opens. The company will host a conference call at 9:00 am Eastern Time on the same day.

Key executives participating in the call include CEO Martín Eurnekian, CFO Jorge Arruda, and Head of Investor Relations Patricio Iñaki Esnaola. Investors can join via telephone to participate in the Q&A session using the following numbers: 1-800-549-8228 (North America, Toll Free) or 1-289-819-1520 (Other locations) with Conference ID: 69248.