Corporacion America Airports S.A. - CAAP STOCK NEWS

Corporación América Airports S.A. (NYSE: CAAP) reported a significant 320.4% year-over-year increase in passenger traffic for August 2021, though it still reflects a 52.8% decline compared to August 2019. Domestic passengers grew to 2,142, up 408.6% YoY, while international passengers rose to 987, up 256.8% YoY. Cargo volume increased by 46.6% YoY but decreased by 20.5% compared to 2019. Total aircraft movements surged 137.6% YoY, though also saw a 37.5% decline versus 2019. The results indicate recovery from COVID-19 effects but highlight ongoing challenges in comparison to pre-pandemic levels.

Corporación América Airports (CAAP) reported its 2Q21 results, revealing a 65.6% revenue increase to $135.3 million YoY, although still 67.2% below 2Q19 levels. Passenger traffic surged 1,123.3% YoY to 5.5 million but dropped 72.8% compared to 2019. Operating loss improved to $27.2 million from a loss of $76.1 million in 2Q20. Adjusted EBITDA reached $7.7 million, a significant recovery from the prior year. Mitigation efforts included renegotiating $40 million in debt payments to preserve cash flow. Despite strides in recovery, ongoing government restrictions particularly in Argentina remain challenging.

Copración América Airports S.A. (CAAP) reported a 459.3% year-over-year increase in passenger traffic for July 2021, although this reflects a 60.4% decline compared to July 2019. Domestic passengers rose by 558.2% YoY, while international passengers increased 357.3% YoY. Year-to-date total passengers decreased by 16.5% from 2020. Cargo volume grew by 66.4% YoY but fell 22.1% compared to 2019. Aircraft movements increased 165.7% YoY but were down 42.1% from 2019. Overall, the results indicate recovery from COVID-19, though significant declines remain relative to pre-pandemic levels.

Corporación América Airports S.A. (NYSE: CAAP) announced its upcoming Second Quarter earnings report scheduled for August 18, 2021, after market closes. This will be followed by a conference call on August 19, 2021, at 9:00 AM ET. The company operates 52 airports across 7 countries in Latin America and Europe, serving 84.2 million passengers in 2019. Investors can access the earnings call through a dedicated dial-in or webcast.

Corporación América Airports (CAAP) reported a remarkable 907.0% YoY increase in passenger traffic for June 2021, yet remains 68.7% below June 2019 levels, reflecting ongoing impacts of the COVID-19 pandemic. Domestic passengers rose 809.8% YoY to 1,148,000, while international traffic surged 921.4% YoY to 566,000. Despite a 67.5% increase in cargo volume year-on-year, cargo is 22.6% lower than in 2019. Aircraft movements increased 172.4% YoY but dropped 49.6% compared to 2019, highlighting a persistent recovery challenge.

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.