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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.
Copración América Airports S.A. (CAAP) reported a significant 76.0% year-over-year increase in passenger traffic for August 2022, reaching 83.2% of pre-pandemic levels. Key highlights include:
- Domestic Passengers: 2,130,000, down 50.1% from August 2019.
- International Passengers: 3,554,000, up 32.4% from August 2019.
- Total Aircraft Movements: 69,324, at 89.9% of pre-pandemic levels.
- Cargo Volume: Increased by 4.1% YoY but down 17.2% vs. August 2019.
Overall, passenger traffic remains on a steady recovery across operations.
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.
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