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.
Corporacion America Airports SA (CAAP) provides essential updates through this centralized news hub for investors and aviation industry stakeholders. Access official press releases, financial disclosures, and operational developments from one of the world's leading airport concession operators.
This resource delivers timely information on earnings reports, infrastructure investments, and strategic partnerships across CAAP's global network. Track updates from key markets including Argentina, Italy, and Brazil, with insights into aeronautical services expansion and terminal modernization projects.
All content maintains strict adherence to factual reporting standards, featuring verified announcements directly from CAAP management. Regular updates ensure stakeholders stay informed about regulatory developments, concession renewals, and operational milestones impacting this NYSE-listed airport operator.
Bookmark this page for streamlined access to CAAP's corporate communications. Combine these primary sources with market analysis tools for comprehensive investment research into the airport infrastructure sector.
Corporación América Airports S.A. (CAAP) reported a 4.8% year-on-year decrease in passenger traffic for April 2024, to 6.05 million passengers. Excluding Natal airport, traffic declined by 2.2% YoY.
Domestic passenger traffic dropped 13.8%, significantly affected by Argentina and Ecuador. International traffic improved by 6.3%, thanks to increases in Argentina, Italy, Ecuador, and Uruguay. Cargo volume rose by 10.3%, with Argentina, Ecuador, and Brazil showing notable growth.
Aircraft movements fell by 7.1%, with Italy being the only country to report a rise (10.2%).
Despite challenges, international travel showed resilience, particularly in Italy and Argentina, driven by strong growth in international passenger traffic.
Corporación América Airports (CAAP) announced significant developments in Uruguay.
At Carrasco International Airport, CAAP's subsidiary Puerta del Sur (PdS) will invest $5.5 million to expand cargo activities, including a new Instrument Landing System (ILS) to enhance connectivity and safety. A tariff adjustment will apply.
At Punta del Este Airport, the concession term has been extended by ten years to 2043, and CAAP will invest $3 million between 2024-2026. These projects are part of CAAP's strategy to develop Uruguay's aeronautical industry and improve travel experiences for 2 million annual passengers.
Corporación América Airports (NYSE: CAAP), a leading global private airport operator, will announce its First Quarter 2024 financial results on May 22, 2024, after the market closes. A conference call to discuss these results is scheduled for May 23, 2024, at 10:00 am ET. Key executives, including CEO Martín Eurnekian, CFO Jorge Arruda, and Head of Investor Relations Patricio Iñaki Esnaola, will participate. Investors can join via a toll-free number (1-800-549-8228) in North America or an international number (1-289-819-1520). Playback will be available through specified contact details.
Corporación América Airports S.A. (NYSE: CAAP) announced a recent development regarding an arbitration procedure against the Government of Peru related to the termination of a concession agreement for the new Chinchero International Airport. The ICSID Arbitral Court awarded damages of US$91,205,056 to Kuntur Wasi, in which CAAP holds 50% of the shares. The company will continue to provide updates on the matter.
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