Corporacion Am Stock Price, News & Analysis

Corporación América Airports (NYSE: CAAP) reported a robust recovery in its 2Q22 financial results, with consolidated revenues reaching $332.7 million, reflecting a 145.9% year-over-year increase. Passenger traffic soared 177.0% YoY to 15.1 million, achieving 75.5% of pre-pandemic levels. Adjusted EBITDA surged to $110.6 million, with an impressive margin of 33.2%. The company improved its net debt to adjusted EBITDA ratio to 3.53x, down from 5.1x in Q1. However, aeronautical revenues were still 15.3% below 2Q19 levels, indicating ongoing challenges.

Corporación América Airports S.A. (CAAP) reported a significant recovery in passenger traffic, achieving a 99.3% YoY increase in July 2022, reaching 78.9% of pre-pandemic levels from July 2019. Key highlights include:

• Domestic Passengers: 3,512,000 (up 84.2% YoY)
• International Passengers: 2,198,000 (up 170.3% YoY)
• Total Aircraft Movements: 65.7k (up 46.0% YoY)

Despite strong recovery, cargo volume declined by 5.1% YoY, indicating challenges in non-passenger operations across various regions.

Corporación América Airports S.A. (NYSE: CAAP) will release its Q2 2022 results on August 18, 2022, after market closure. A conference call is scheduled for August 19, 2022, at 10:00 AM Eastern Time. The company operates 53 airports across Latin America and Europe and served 35.7 million passengers in 2021, down 57.6% from 2019 levels. For more details, visit their investor relations website.

Coprporación América Airports S.A. (CAAP) reported a remarkable 147.8% YoY increase in passenger traffic for June 2022, recovering to 77.5% of June 2019 levels.

Argentina led the growth with a 442% YoY increase, while Italy saw a 256% rise. International passenger traffic reached 79.4% of pre-pandemic levels. Cargo volume grew 7.5% YoY, standing at 83.3% of June 2019 levels. Aircraft movements surged 79.4% YoY.

Despite strong recovery, domestic passenger traffic in some regions remains below pre-pandemic levels, indicating ongoing challenges in the sector.

Corporación América Airports S.A. (CAAP) reported a remarkable 188.3% year-over-year increase in passenger traffic for May 2022, reaching 75.5% of pre-pandemic levels from May 2019. Notable growth was seen across all operational countries, particularly in Argentina (449% YoY), Italy (786% YoY), and Ecuador (112% YoY). However, total passenger traffic remains 24.5% lower than May 2019. Domestic traffic stood at 78.7%, while international traffic hit 75.0% of pre-pandemic levels. Cargo volume grew 11.4% YoY but is down 13.2% compared to May 2019.

Corporación América Airports S.A. (NYSE: CAAP), the largest private sector airport operator globally, will participate in the BofA Securities 2022 Emerging Markets Debt and Equity Conference from June 1-3, 2022, in Miami. The company will present on June 1 and 2. Currently, CAAP operates 53 airports across 6 countries in Latin America and Europe, serving 84.2 million passengers in 2019. As a leading player in airport concessions, CAAP continues to strengthen its market position.

Corporación América Airports S.A. (NYSE: CAAP) reported strong Q1 2022 results, achieving consolidated revenues of $258.1 million, an increase of 86.8% YoY. Passenger traffic rose 106.2% YoY to 13.5 million, representing 65.5% of pre-pandemic levels. Adjusted EBITDA soared to $89.2 million, from $6.7 million in Q1 2021, with a margin expansion to 34.6%. However, revenues remain 28.4% below Q1 2019 levels. The company's liquidity strengthened to $646 million, and plans for traffic recovery remain optimistic despite geopolitical concerns.

Corporación América Airports S.A. (CAAP) reported a 202.1% year-over-year increase in passenger traffic for April 2022, reaching 73.5% of pre-pandemic levels from April 2019. Notable increases were seen in Argentina (249.0% YoY) and Italy (1376.9% YoY), despite international traffic at only 57.2% of pre-pandemic levels in Argentina. Cargo volume declined slightly by 1.2% compared to April 2021, while total aircraft movements rose 92.3% YoY. The overall recovery trend indicates significant progress across operations following border reopenings.

Corporación América Airports (NYSE: CAAP) will report its Q1 2022 results on May 17, 2022, after market close. A conference call is scheduled for May 18, 2022, at 10:00 am ET. The company operates 52 airports across seven countries and served 84.2 million passengers in 2019.

For participation, dial in using one of the provided numbers. Details for a webcast and telephone replay are also available.