Corporacion Am - CAAP STOCK NEWS

Copración América Airports (CAAP) reported a significant 1,279.0% year-over-year increase in passenger traffic for May 2021, totaling 1,761,000 passengers. However, this figure represents a 73.6% decline compared to May 2019, highlighting ongoing challenges from the COVID-19 pandemic. Domestic passengers rose 1,017,000, while international traffic hit 418,000—an 81.9% drop from 2019. Despite a 93.7% increase in cargo volume year-over-year, it fell 25.7% from 2019. Total aircraft movements grew 236.2% YoY but decreased by 54.6% compared to 2019.

Corporación América Airports S.A. (CAAP) reported its Q1 2021 financial results, showing a significant 54.4% year-over-year decline in consolidated revenues to $138.2 million. The pandemic heavily impacted revenues, with a 72.3% drop in aeronautical revenues and a 61.8% decrease in passenger traffic, totaling 6.5 million. The operating loss was $26.6 million, compared to a gain of $31.3 million a year ago. Adjusted EBITDA fell 92.3% to $6.3 million. Despite challenges, CAAP remains focused on liquidity and operational efficiency, navigating through the ongoing crisis.

Corporación América Airports S.A. (NYSE: CAAP) reported a remarkable 1,342.4% year-over-year passenger traffic growth in April 2021. However, traffic is still down 75.7% compared to April 2019. Key statistics show:

• Total Passengers: 1,620,000 (April 2021) vs. 112,000 (April 2020)
• Domestic Passengers: 1,090,000 (April 2021), up 1,525.7% from last year
• YTD Total Passengers: 8,155,000, a -52.6% decrease from the same YTD period in 2020

Corporación América Airports S.A. (NYSE: CAAP), the largest private airport operator based on the number of airports managed, will report its First Quarter results on May 19, 2021, after market closes. A conference call is scheduled for May 20, 2021, at 9:00 AM Eastern Time.

Corporación América Airports currently operates 52 airports across 7 countries and served 84.2 million passengers in 2019. For more information, visit their investor page.

Corporación América Airports S.A. (CAAP) reported a 44.0% decline in passenger traffic for March 2021 compared to the previous year and a 71.3% decrease compared to March 2019. Domestic and international passenger numbers dropped by 35.2% and 65.7% YoY, respectively. The ongoing COVID-19 pandemic significantly affected operations, especially in Argentina, where total passenger traffic fell 47.1% YoY. Despite a 6.9% increase in cargo volume, overall demand remains weak across all countries of operation.

Corporación América Airports S.A. (NYSE: CAAP) has filed its annual report on Form 20-F for the year ended December 31, 2020, with the U.S. SEC. The report is available for download from both the SEC and the company's investor relations website. As the largest private sector airport operator globally by the number of airports, CAAP operates 52 airports across 7 countries in Latin America and Europe. In 2019, the company served 84.2 million passengers, underscoring its significant role in the airport sector.

Corporación América Airports S.A. (CAAP) reported significant financial challenges for Q4 and FY 2020 due to COVID-19, with consolidated Q4 revenues declining by 66% YoY to $129.4 million and an operating loss of $163.7 million for the year. Passenger traffic decreased 75.6% in Q4, resulting in 5.1 million passengers, while FY traffic fell by 70% to 25.2 million. The company achieved a comparable Adjusted EBITDA of $78 million despite these declines, aided by government compensations and cost control measures. The 10-year extension of the AA2000 concession is a key milestone for future operations.

Corporación América Airports S.A. (NYSE: CAAP) announced its Fourth Quarter and Full Year 2020 results will be released on Tuesday, March 30, 2021, after market closes. A conference call is scheduled for Wednesday, March 31, 2021, at 9:00 am Eastern Time, featuring executives including CEO Martín Eurnekian and CFO Raúl Francos. The company, operating 52 airports across 7 countries, served 84.2 million passengers in 2019. For more details, visit the investor website.

Corporación América Airports S.A. (NYSE: CAAP) has appointed Mr. Jorge Arruda as Chief Financial Officer, effective May 1, 2021. Arruda has over 20 years of finance experience and has been with CAAP since 2014, contributing to key financial initiatives during the pandemic. He succeeds Mr. Raúl Francos, who has been CFO since 2017 and will assist in a smooth transition. This leadership change aims to strengthen CAAP's management in navigating ongoing challenges in the air travel sector while leveraging long-term growth opportunities across its 52 airport operations in 7 countries.