Welcome to our dedicated page for Corporacion America Airports S.A. news (Ticker: CAAP), a resource for investors and traders seeking the latest updates and insights on Corporacion America Airports S.A. stock.
Corporacion America Airports S.A. (NYSE: CAAP) is a global leader in the acquisition, development, and operation of airport concessions. Headquartered in Argentina, the company manages a diversified portfolio of airports across six countries, including Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia. Corporacion America Airports generates the majority of its revenue from its operations in Argentina, contributing significantly to its overall financial performance.
Corporacion America Airports categorizes its revenue streams into several segments:
- Aeronautical Revenue: Generated from fees charged to airlines for the use of airport facilities and services.
- Non-Aeronautical Revenue: Includes income from retail concessions, parking services, and real estate leases within airport premises.
- Commercial Revenue: Derived from various commercial activities, including duty-free shops, advertising, and food and beverage outlets.
- Construction Service Revenue: Earnings from construction services provided during the expansion and enhancement of airport infrastructure.
- Other Revenue: Comprises miscellaneous sources of income related to airport operations.
Corporacion America Airports continually invests in infrastructure projects to enhance the capacity and efficiency of its airports. Recent achievements include the expansion of terminal facilities, incorporation of advanced technology for smoother passenger processing, and improvements in security measures. The company's strategic partnerships with global firms enable it to offer top-tier services and maintain its competitive edge in the aviation industry.
Financially, Corporacion America Airports demonstrates robust performance with stable revenue growth and profitability. The company's focus on diversifying its revenue base through non-aeronautical ventures helps mitigate risks associated with fluctuations in air traffic. Investors looking for a comprehensive overview and the latest updates on Corporacion America Airports can access the most recent news and developments directly on StockTitan.
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Corporación América Airports S.A. (CAAP) reports strong financial performance with passenger traffic up 13% YoY, reaching 99.1% of pre-pandemic levels. Consolidated revenues show a 19% YoY increase and a 37% rise above 4Q19. Adjusted EBITDA ex-IAS29 stands at $332 million, including a $167 million contribution from Natal friendly termination.
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Corporación América Airports S.A. (NYSE: CAAP) reports a 5.4% YoY increase in passenger traffic, reaching 92.8% of February 2019 levels. International passenger traffic is 4.2% above pre-pandemic levels. The company no longer operates Natal airport, impacting statistics.
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Corporación América Airports S.A. (NYSE: CAAP) will release its Fourth Quarter 2023 results on March 20, 2024, after market closes. Participants can join a conference call on March 21, 2024, with key executives. Dial-in details provided.
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Corporación América Airports S.A. (NYSE: CAAP) reports a 2.0% YoY increase in passenger traffic in January 2024, reaching 91.7% of January 2019 levels. International passenger traffic is 0.3% above pre-pandemic levels. The company showcases growth in cargo volume and aircraft movements, with varying performances across different regions.
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Corporación América Airports S.A. (NYSE: CAAP) reported a 10.3% YoY increase in passenger traffic in December 2023, reaching 96.2% of December 2019 levels. The company's full-year 2023 passenger traffic was at 96.4% of 2019 levels. International passenger traffic surpassed pre-pandemic levels of December 2019 by 4.6%, while domestic traffic stood at 94.1% of December 2019 levels. The company also saw increases in cargo volume and aircraft movements.
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Corporación América Airports S.A. (NYSE: CAAP) announced that its subsidiary received a gross indemnification payment of R$610.4 million for the termination of the concession agreement of the Natal airport in Brazil. The payment is expected to have a positive impact of R$610.6 million on the company's Adjusted EBITDA in 4Q2023. The termination process is set to be concluded by early March, with the airport to be transferred to a new operator.
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Corporación América Airports S.A. (NYSE: CAAP) reported a 14.5% YoY increase in passenger traffic in November 2023, reaching pre-pandemic levels. Total passenger traffic, cargo volume, and aircraft movements all showed significant growth compared to the previous year.
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Corporación América Airports S.A. (CAAP) reports a 14.5% YoY increase in passenger traffic in October 2023, surpassing October 2019 levels by 1.2%. International passengers up 20.3% and cargo volume up 7.9% YoY.
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Corporación América Airports S.A. (NYSE: CAAP) reported its Q3 2023 results, showing passenger traffic at 97.9% of pre-pandemic levels, with consolidated revenues 36.8% above pre-pandemic levels. Adjusted EBITDA reached a record high of $173 million, and the CEO expressed optimism for the future.
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Corporación América Airports S.A. (NYSE: CAAP) will report its Third Quarter 2023 results on November 15, 2023, after market closes. Participants can connect through telephone for the conference call on November 16, 2023, with executives including CEO Martín Eurnekian and CFO Jorge Arruda. Webcast and recording playback options are also available.
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FAQ
What is the current stock price of Corporacion America Airports S.A. (CAAP)?
The current stock price of Corporacion America Airports S.A. (CAAP) is $19.12 as of January 3, 2025.
What is the market cap of Corporacion America Airports S.A. (CAAP)?
The market cap of Corporacion America Airports S.A. (CAAP) is approximately 3.1B.
What does Corporacion America Airports S.A. do?
Corporacion America Airports S.A. acquires, develops, and operates airport concessions across six countries, including Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia.
Where does Corporacion America Airports generate most of its revenue?
The majority of Corporacion America Airports' revenue is generated from its operations in Argentina.
What are the main revenue streams for Corporacion America Airports?
The main revenue streams include Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.
How does Corporacion America Airports enhance its airport facilities?
The company invests in infrastructure projects such as terminal expansions, advanced technology implementation, and security improvements.
What are some examples of non-aeronautical revenue sources for Corporacion America Airports?
Non-aeronautical revenue sources include retail concessions, parking services, real estate leases, duty-free shops, advertising, and food and beverage outlets.
In which countries does Corporacion America Airports operate?
Corporacion America Airports operates in Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia.
What recent achievements has Corporacion America Airports accomplished?
Recent achievements include terminal expansions, advanced technology integration for passenger processing, and enhanced security measures.
How does Corporacion America Airports manage risks associated with air traffic fluctuations?
The company diversifies its revenue base through non-aeronautical ventures to mitigate risks associated with air traffic fluctuations.
Where can I find the latest news about Corporacion America Airports?
The latest news and developments can be accessed directly on StockTitan.
What is the ticker symbol for Corporacion America Airports?
The ticker symbol for Corporacion America Airports is CAAP.
Corporacion America Airports S.A.
NYSE:CAAP
CAAP Rankings
CAAP Stock Data
3.06B
31.77M
80.54%
14.46%
0.92%
Airports & Air Services
Industrials
United States of America
Luxembourg City