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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), the largest private airport operator by number of airports managed, will release its Third Quarter results on November 18, after market closes. A conference call is scheduled for November 19 at 9:00 am ET, featuring executives including CEO Martín Eurnekian and CFO Raúl Francos. The company currently operates 52 airports across 7 countries and served 84.2 million passengers in 2019. For more details, visit their investor relations page.
Corporación América Airports S.A. (NYSE: CAAP) reported an 84.1% decline in total passenger traffic year-over-year for September 2020, reflecting the ongoing impact of the Covid-19 pandemic.
International and domestic passenger traffic fell 88.7% and 85.4%, respectively, with Argentina seeing a staggering 98.9% drop due to air travel bans. Cargo volume decreased 40.9%, and aircraft movements saw a 67.8% decline. Sequentially, September's figures showed slight improvements compared to August's declines, but challenges persist with travel restrictions limiting recovery.