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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.
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Corporación América Airports (NYSE: CAAP) reported a 33.6% year-over-year increase in passenger traffic for March 2023, totaling 6.33 million passengers, which is 91.7% of pre-pandemic levels from March 2019. Domestic passenger numbers grew by 22.9% YoY, while international traffic surged by 57.3% YoY. Notably, Armenia and Ecuador reported traffic exceeding pre-pandemic levels, with Armenia at 181.9% of March 2019 levels. However, Argentina, Brazil, and Italy lag behind with traffic levels of 93%, 89%, and 91.8% respectively. The cargo volume also rose 9.8% YoY, but remains 12.7% below 2019 benchmarks. Aircraft movements increased 23.5% YoY, reaching 98.0% of pre-pandemic levels.
Corporación América Airports S.A. (NYSE: CAAP) announced the filing of its 2022 Annual Report on Form 20-F with the SEC on March 31, 2023. The report provides comprehensive insights into the company’s performance for the fiscal year ending December 31, 2022. In 2022, CAAP served 65.6 million passengers, significantly increasing from 35.7 million in 2021, yet still down 22.1% from the 84.2 million passengers served in 2019. The company operates 53 airports across 6 countries in Latin America and Europe, reaffirming its position as a leading private airport operator worldwide.