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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 S.A. (NYSE: CAAP) reported strong Q1 2022 results, achieving consolidated revenues of $258.1 million, an increase of 86.8% YoY. Passenger traffic rose 106.2% YoY to 13.5 million, representing 65.5% of pre-pandemic levels. Adjusted EBITDA soared to $89.2 million, from $6.7 million in Q1 2021, with a margin expansion to 34.6%. However, revenues remain 28.4% below Q1 2019 levels. The company's liquidity strengthened to $646 million, and plans for traffic recovery remain optimistic despite geopolitical concerns.
Corporación América Airports S.A. (CAAP) reported a 202.1% year-over-year increase in passenger traffic for April 2022, reaching 73.5% of pre-pandemic levels from April 2019. Notable increases were seen in Argentina (249.0% YoY) and Italy (1376.9% YoY), despite international traffic at only 57.2% of pre-pandemic levels in Argentina. Cargo volume declined slightly by 1.2% compared to April 2021, while total aircraft movements rose 92.3% YoY. The overall recovery trend indicates significant progress across operations following border reopenings.
Corporación América Airports (NYSE: CAAP) will report its Q1 2022 results on May 17, 2022, after market close. A conference call is scheduled for May 18, 2022, at 10:00 am ET. The company operates 52 airports across seven countries and served 84.2 million passengers in 2019.
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Corporación América Airports S.A. (CAAP) reported a significant 138.9% YoY increase in total passenger traffic for March 2022, reaching 68.6% of pre-pandemic levels. Domestic and international traffic rose, bolstered by the full re-opening of borders in Argentina. Key statistics include 4,738 thousand total passengers in March and 13,475 thousand year-to-date. Notably, cargo volume grew 15.2% YoY but fell 20.5% compared to March 2019. Overall, CAAP's operations show a strong recovery trend supported by improving travel demand across its countries of operation.
Corporación América Airports (NYSE: CAAP) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, on April 6, 2022. The report reveals that CAAP served 35.7 million passengers in 2021, down 57.6% from pre-pandemic levels in 2019 when 84.2 million passengers were served. As the world's largest private sector airport operator by number of airports, CAAP operates 53 airports across Argentina, Brazil, Uruguay, Ecuador, Armenia, and Italy. The 2021 Annual Report is available on the SEC and the Company's website.
Corporación América Airports S.A. (NYSE: CAAP) reported a significant recovery in passenger traffic and financial performance for Q4 2021, with consolidated revenues of $218.7 million, reflecting a 69.1% YoY increase. Adjusted EBITDA reached $92.8 million, up 104.1% YoY. Passenger traffic rose 159.2% YoY to 13.2 million, reaching 63.4% of pre-pandemic levels. Full-year revenues totaled $706.9 million, a 16.4% increase from 2020. The company benefited from government grants and a leaner cost structure, though net loss attributable to owners was $117.8 million.
Corporación América Airports (NYSE: CAAP), the leading private airport operator, will announce its Fourth Quarter 2021 results on March 23, 2022, after market close. A conference call is scheduled for March 24, 2022, at 10:00 am ET. The company currently runs 52 airports across 7 countries in Latin America and Europe, having served 84.2 million passengers in 2019. Investors can access the webcast and conference call details through their official channels.
Corporación América Airports S.A. (NYSE: CAAP) reported a significant 109.0% year-over-year increase in passenger traffic for February 2022, reaching 4.175 million passengers. This aligns with 65.0% of pre-pandemic levels from February 2019. Domestic and international traffic surged by 97.3% and 241.7%, respectively. Total cargo volume rose 21.1% YoY, although it still lags behind 24.8% compared to 2019 levels. Aircraft movements increased 58.5% YoY but decreased 26.7% from February 2019. Notably, Argentina showed a recovery trend with 1.6x increases in passenger traffic YoY.
Corporación América Airports S.A. (NYSE: CAAP) announced that its subsidiary, Aeropuertos Argentina 2000, successfully raised $174 million through local dollar-linked notes issuance. This includes $138 million with a 5.5% interest rate and a 5-year grace period, and $36 million at 2% interest, maturing in February 2025. The funds will support infrastructure investments at Group “A” airports in Argentina, enhancing liquidity and demonstrating access to competitive financing sources.
Corporación América Airports S.A. (NYSE: CAAP) reported a 78.6% YoY increase in total passenger traffic for January 2022, totaling 4,561 thousand passengers. However, this figure reflects a 37.0% decline compared to January 2019, primarily due to the impact of the COVID-19 pandemic. Key markets showed varied recovery, with Brazil achieving 82.0% of pre-pandemic traffic and a significant increase in Armenia, surpassing pre-pandemic levels. Cargo volume grew 22.8% YoY, though it dropped 24.0% compared to 2019.