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 (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.
Corporación América Airports S.A. (NYSE: CAAP) announced robust financial results for Q4 2022 and the full year. Consolidated revenues reached $386.4 million, marking a 76.7% year-over-year increase, and surpassed pre-pandemic levels by 1.7%. Adjusted EBITDA for Q4 was $123 million, a 32.6% increase from the previous year. Full-year revenues rose to $1,378.7 million, a 95% YoY increase but 11.5% below 2019 levels. Passenger traffic climbed 38.3% YoY to 18.3 million in Q4. The company reported a net income of $12.1 million, reflecting a significant recovery from last year's losses.
Corporación América Airports S.A. (CAAP) reported a 35.5% year-over-year increase in total passenger traffic for February 2023, reaching 5,659 thousand passengers, which is 88.1% of pre-pandemic levels. Notably, Armenia and Ecuador surpassed February 2019 traffic levels, with increases of 191.5% and 0.7%, respectively. Argentina's traffic grew by 40.2% YoY, reaching 91.3% of pre-pandemic levels. Despite these positive trends, cargo volume remained flat, at 76.0% of February 2019 levels when adjusted for discontinued operations in Peru. Aircraft movements increased by 24.1%, reflecting a recovery in travel demand across CAAP's operations.
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Corporación América Airports (NYSE: CAAP) announced that it will release its Fourth Quarter 2022 results on March 21, 2023, after market close. A conference call will take place on March 22, 2023, at 10:00 am Eastern Time. The company operates 53 airports across six countries, having served 65.6 million passengers in 2022, up 83.7% from 35.7 million in 2021 but still 22.1% below pre-pandemic levels of 84.2 million in 2019. CEO Martín Eurnekian and CFO Jorge Arruda will lead the conference call for investor inquiries.
Copración América Airports S.A. (NYSE: CAAP) reported a significant 42.7% year-on-year increase in passenger traffic for January 2023, reaching 90% of pre-pandemic levels. Notable increases were reported in Armenia and Ecuador, exceeding January 2019 levels, while Argentina and Brazil reached 93% and 85% respectively. The company facilitated 6.5 million passengers overall, with domestic and international traffic recovering strongly. Cargo volume increased 5.1% year-on-year, while total aircraft movements rose 36.1%, highlighting a continuous recovery in travel demand across operations.
Corporación América Airports S.A. (CAAP) reported a significant 30.5% increase in December 2022 passenger traffic compared to 2021, achieving 87.2% of pre-pandemic levels from December 2019. Domestic passenger traffic grew 15.7% year-over-year, while international passengers surged 74.3%. Notably, traffic in Armenia exceeded pre-pandemic levels for the eighth month in a row, reaching 147.7%. Conversely, passenger traffic in Brazil fell 2.5% year-over-year. Cargo volume saw a minor uptick of 1.6% year-over-year but remained 10.6% below December 2019 figures. Overall, aircraft movements rose 20.0%, nearing 96.2% of December 2019 levels.
Corporación América Airports S.A. (CAAP) reported a 34.5% year-over-year increase in total passenger traffic for November 2022, reaching 87.4% of November 2019 levels. Domestic passenger traffic rose to 96.9% of pre-pandemic figures, while international traffic hit 81.7%. In Armenia, passenger traffic exceeded pre-pandemic numbers for seven consecutive months, at 141.1% of November 2019 levels. Cargo volume increased by 0.7% year-over-year, reaching 74.2% of November 2019 levels. Overall, CAAP's recovery trajectory continues, reflecting improved travel demand and operational efficiencies.
Corporación América Airports S.A. (NYSE: CAAP) reported its 3Q22 results, showcasing a significant revenue increase of 111.6% YoY, totaling $395.5 million, driven by growth in Aeronautical and Commercial revenues. Passenger traffic surged by 78.6% to 18.7 million, achieving 82.4% of 3Q19 levels. Adjusted EBITDA rose to $131.1 million, exceeding pre-pandemic levels by 31%. Notably, net debt to LTM Adjusted EBITDA improved to 2.6x, reflecting effective cost management and revenue recovery. The company anticipates continued growth in passenger traffic amid a recovering economic environment.
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