CA
Corporacion America Airports S.A.
CAAP
Reported:
Key takeaways
- Total passenger traffic increased over 9%, with Argentina achieving a record high of nearly 13% growth.
- Revenue growth of 17% outpaced traffic gains, bolstered by solid performance in both aeronautical (up 15.2%) and commercial revenues (up 18%).
- Adjusted EBITDA surged 34%, enhancing margins over five percentage points, underpinned by operational strength in Argentina, Armenia, Brazil, and Italy.
- Cargo revenues showed a strong increase of 20%, benefiting from improved pricing strategies and operational changes in Argentina.
- Ongoing investments in CapEx and strategic expansions in Italy and Armenia signal commitment to long-term growth.