Welcome to our dedicated page for Corporacion Am news (Ticker: CAAP), a resource for investors and traders seeking the latest updates and insights on Corporacion Am stock.
Corporación América Airports S.A. (NYSE: CAAP) is described in its public communications as one of the leading private airport operators in the world, with a network of 52 airports across Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy. The CAAP news feed on Stock Titan aggregates the company’s official press releases and other coverage so readers can follow how passenger traffic, cargo volumes and aircraft movements evolve across this multi-country airport portfolio.
News for CAAP frequently centers on monthly passenger traffic reports, where the company discloses year-on-year changes in domestic, international and transit passengers, as well as cargo volume and aircraft movements. These releases often break down performance by country, highlighting how trends in Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia contribute to overall network growth or softness. They also discuss operational factors such as new airline routes, increased flight frequencies, seasonal travel patterns, infrastructure works and security conditions that influence traffic metrics.
Investors and analysts also see quarterly earnings announcements furnished on Form 6-K, which summarize revenue excluding construction service, aeronautical and non-aeronautical revenues, Adjusted EBITDA, Adjusted EBITDA Margin and Net Debt to LTM Adjusted EBITDA. These updates provide context on how traffic trends translate into financial performance under IFRS and the company’s defined non-IFRS measures.
In addition, CAAP’s news flow includes items on new concession and development opportunities, such as the award agreement signed by a consortium including Corporación América Airports to operate Baghdad International Airport. For anyone tracking airport infrastructure, regional air travel dynamics or CAAP’s concession strategy, this news page offers a centralized view of the company’s operational and financial disclosures over time.
Corporación América Airports S.A. (NYSE: CAAP) has appointed Mr. Jorge Arruda as Chief Financial Officer, effective May 1, 2021. Arruda has over 20 years of finance experience and has been with CAAP since 2014, contributing to key financial initiatives during the pandemic. He succeeds Mr. Raúl Francos, who has been CFO since 2017 and will assist in a smooth transition. This leadership change aims to strengthen CAAP's management in navigating ongoing challenges in the air travel sector while leveraging long-term growth opportunities across its 52 airport operations in 7 countries.
Corporación América Airports (NYSE: CAAP) reported a 69.1% year-over-year decline in total passenger traffic for February 2021, reflecting the ongoing impact of the COVID-19 pandemic. Domestic passenger traffic fell by 64.2%, while international traffic plummeted 84.5%. Argentina experienced a 74.9% decline, with international traffic down 87.6%. Overall, cargo volume decreased by 25.4% and aircraft movements dropped 53.4%. The continued travel restrictions and weak demand contribute to these drastic reductions.
Corporación América Airports S.A. (CAAP) reported a staggering 64.4% year-over-year decline in total passenger traffic for January 2021, totaling 2,554,000 passengers compared to 7,169,000 in January 2020. Domestic, international, and transit passengers dropped by 58.9%, 84.1%, and 38.5%, respectively. Cargo volume also decreased by 33.7% to 20.4 thousand tons, while total aircraft movements sank 51.2% to 35,000. These figures highlight the significant impact of the ongoing global challenges on the company's operations.
Corporación América Airports S.A. (NYSE: CAAP) announced the publication of ORSNA’s Resolution No. 4/2021, which increases the international passenger fee from US$51 to US$57 for travelers from AA2000 airports, effective January 14, 2021, for flights starting March 15, 2021. Domestic passenger fees and aircraft fees will remain unchanged until the end of 2021. This resolution follows a 10-year concession extension approved in December 2020, aimed at improving airport services across its network of 52 airports in 7 countries.
Corporación América Airports S.A. (NYSE: CAAP) reported a 68.8% year-over-year decline in passenger traffic for December 2020, highlighting ongoing challenges from the COVID-19 pandemic. Total passengers fell to 2,187 thousand, with domestic and international traffic down 67.9% and 82.5%, respectively. Cargo volume decreased 29.7% and total aircraft movements declined 53.5%. The company noted a slight sequential improvement from November's declines, yet restrictions and low demand remain significant hurdles across its operational regions.
Corporación América Airports S.A. (NYSE: CAAP) announced the Argentine Government's approval of Presidential Decree No. 1009/2020, ratifying a Concession Agreement Extension with Aeropuertos Argentina 2000 S.A. The agreement, which includes Technical Conditions and a Financial Projection of Income and Expenses (PFIE), is aimed at ensuring long-term sustainability for AA2000, especially following COVID-19's impact. The PFIE provides financial projections from 2021 to 2038, alongside a new capex program, to maintain economic equilibrium.
Corporación América Airports S.A. (CAAP) reported a 77.1% decline in total passenger traffic for November 2020, reflecting the ongoing impact of the Covid-19 pandemic. The year-to-date figures show a 70.1% drop in total passengers compared to 2019. International traffic plummeted 88.3% YoY, while domestic traffic decreased by 77.8%. In Argentina, passenger traffic decreased 93.0%, although there was a slight improvement from October's figures. Cargo volumes also fell by 40.9%, and aircraft movements dropped 60.5% YoY, indicating severe operational challenges.
Corporación América Airports S.A. (NYSE: CAAP) announced a ten-year extension of the AA2000 concession agreement, which will run from 2028 to 2038. This agreement, signed in Argentina, includes approximately $500 million in capital expenditures for expansion projects aimed at enhancing airport infrastructure. The AA2000 network accounted for nearly 50% of CAAP's total passenger traffic in 2019. The investment will support ongoing growth and improve passenger experience. The extension is pending a Presidential Decree.
Corporación América Airports (CAAP) announced the termination of the concession for the International Airport of São Gonçalo do Amarante (Natal Airport) via its subsidiary ICASGA. This decision, initiated on March 5, was due to the financial challenges arising from passenger traffic declines linked to Brazil's economic situation. The company will receive an indemnification based on non-amortized capital expenditures. ICASGA will continue operations during the transition while the Brazilian Ministry of Infrastructure conducts feasibility studies for a new operator.
Corporación América Airports (CAAP) reported a significant decline in financial performance for Q3 2020, with consolidated revenues of $97.6 million, a 76.6% drop YoY, primarily due to COVID-19 impacts. Passenger traffic fell by 88.7% to 2.6 million, while aeronautical revenues decreased by 87.1%. The operating loss was $123 million compared to a gain of $61.8 million in Q3 2019. Despite these challenges, the company noted improvements in passenger traffic and cash operating costs, achieving a 48% reduction. Liquidity was enhanced via a $40 million local bond issuance and an €85 million loan in Italy.
FAQ
What is the current stock price of Corporacion Am (CAAP)?
What is the market cap of Corporacion Am (CAAP)?
