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. (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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