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Corporación América Airports S.A. reports developments for a private airport concession operator listed on the NYSE under the symbol CAAP. The company acquires, develops and operates airport concessions across Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy, with news commonly centered on passenger traffic, domestic and international travel trends, cargo volumes and aircraft movements across its network.
Company updates also cover quarterly and annual financial results, aeronautical and commercial revenue performance, liquidity and leverage, and concession terms for airports operated through subsidiaries. Recurring announcements include annual report filings, earnings-call scheduling and amendments to concession agreements such as those involving Seymour Airport in the Galápagos and international airports in Armenia.
Corporación América Airports (NYSE: CAAP) has been named the preferred bidder by the Federal Government of Nigeria for the concessions of Abuja and Kano airports. The consortium, which includes Corporación América as a 51% stakeholder, achieved scores of 87.69% and 82.57% in technical and financial bids, respectively. This marks the beginning of negotiations for the final concession agreements. If finalized, this deal would expand CAAP's portfolio to 55 airports across seven countries.
Corporación América Airports S.A. (NYSE: CAAP) reported a 63.5% year-over-year increase in passenger traffic for September 2022, reaching 85.4% of pre-pandemic levels. Domestic and international traffic surged, particularly in Argentina, which saw a 139.3% YoY increase. Cargo volumes also rose by 4.7% YoY, totaling 29.0 thousand tons, though still below 2019 levels. Aircraft movements increased by 36.5% YoY, reflecting strong recovery trends across its operations in Latin America and Europe. Key metrics indicate a solid rebound in travel demand as restrictions eased.
Corporación América Airports (NYSE: CAAP), a global leader in airport concessions, will participate in the XVI Santander Eurolatam Utilities & Infrastructure Conference on September 29, 2022, at the Intercontinental Barclays Hotel in New York. The company currently operates 53 airports across Latin America and Europe and served 35.7 million passengers in 2021, down from 84.2 million in 2019. For more details, visit the investor relations site.
Copración América Airports S.A. (CAAP) reported a significant 76.0% year-over-year increase in passenger traffic for August 2022, reaching 83.2% of pre-pandemic levels. Key highlights include:
- Domestic Passengers: 2,130,000, down 50.1% from August 2019.
- International Passengers: 3,554,000, up 32.4% from August 2019.
- Total Aircraft Movements: 69,324, at 89.9% of pre-pandemic levels.
- Cargo Volume: Increased by 4.1% YoY but down 17.2% vs. August 2019.
Overall, passenger traffic remains on a steady recovery across operations.
Corporación América Airports (NYSE: CAAP) reported a robust recovery in its 2Q22 financial results, with consolidated revenues reaching $332.7 million, reflecting a 145.9% year-over-year increase. Passenger traffic soared 177.0% YoY to 15.1 million, achieving 75.5% of pre-pandemic levels. Adjusted EBITDA surged to $110.6 million, with an impressive margin of 33.2%. The company improved its net debt to adjusted EBITDA ratio to 3.53x, down from 5.1x in Q1. However, aeronautical revenues were still 15.3% below 2Q19 levels, indicating ongoing challenges.
Corporación América Airports S.A. (CAAP) reported a significant recovery in passenger traffic, achieving a 99.3% YoY increase in July 2022, reaching 78.9% of pre-pandemic levels from July 2019. Key highlights include:
- Domestic Passengers: 3,512,000 (up 84.2% YoY)
- International Passengers: 2,198,000 (up 170.3% YoY)
- Total Aircraft Movements: 65.7k (up 46.0% YoY)
Despite strong recovery, cargo volume declined by 5.1% YoY, indicating challenges in non-passenger operations across various regions.
Corporación América Airports S.A. (NYSE: CAAP) will release its Q2 2022 results on August 18, 2022, after market closure. A conference call is scheduled for August 19, 2022, at 10:00 AM Eastern Time. The company operates 53 airports across Latin America and Europe and served 35.7 million passengers in 2021, down 57.6% from 2019 levels. For more details, visit their investor relations website.
Coprporación América Airports S.A. (CAAP) reported a remarkable 147.8% YoY increase in passenger traffic for June 2022, recovering to 77.5% of June 2019 levels.
Argentina led the growth with a 442% YoY increase, while Italy saw a 256% rise. International passenger traffic reached 79.4% of pre-pandemic levels. Cargo volume grew 7.5% YoY, standing at 83.3% of June 2019 levels. Aircraft movements surged 79.4% YoY.
Despite strong recovery, domestic passenger traffic in some regions remains below pre-pandemic levels, indicating ongoing challenges in the sector.
Corporación América Airports S.A. (CAAP) reported a remarkable 188.3% year-over-year increase in passenger traffic for May 2022, reaching 75.5% of pre-pandemic levels from May 2019. Notable growth was seen across all operational countries, particularly in Argentina (449% YoY), Italy (786% YoY), and Ecuador (112% YoY). However, total passenger traffic remains 24.5% lower than May 2019. Domestic traffic stood at 78.7%, while international traffic hit 75.0% of pre-pandemic levels. Cargo volume grew 11.4% YoY but is down 13.2% compared to May 2019.
Corporación América Airports S.A. (NYSE: CAAP), the largest private sector airport operator globally, will participate in the BofA Securities 2022 Emerging Markets Debt and Equity Conference from June 1-3, 2022, in Miami. The company will present on June 1 and 2. Currently, CAAP operates 53 airports across 6 countries in Latin America and Europe, serving 84.2 million passengers in 2019. As a leading player in airport concessions, CAAP continues to strengthen its market position.