CAAP

Corporación América Airports Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2023

Retrieved on: 
Wednesday, April 3, 2024
Commercial Building & Real Estate, Other Travel, Construction & Property, Transportation, Travel, Air, Other Construction & Property, Transport, Annual report, CAAP, Security (finance)

Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, hereby announces that on March 28, 2024, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the “2023 Annual Report”) with the Securities and Exchange Commission (the “SEC”).

Key Points: 
  • Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the leading private airport operators in the world, hereby announces that on March 28, 2024, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the “2023 Annual Report”) with the Securities and Exchange Commission (the “SEC”).
  • The 2023 Annual Report can be accessed by visiting either the SEC’s website at www.sec.gov or the Company’s website at http://investors.corporacionamericaairports.com/ .

Corporacion America Airports Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 20, 2024
Other Transport, Air, Transportation, Transport, Travel, PAX, Euro, Growth, ARS, International, Section, Adjustment, Zvartnots International Airport, Yoy, CAAP, Airport, Inflation, USD, Government, LTM, Airline

Delivered YoY increases across key operating metrics:

Key Points: 
  • Delivered YoY increases across key operating metrics:
    13.1% in passenger traffic to 20.7 million, reaching 99.1% of 4Q19 levels.
  • Adjusted EBITDA margin ex-IFRIC12 expanded to 92.9% from 37.4% in 4Q22, or to 41.1% when excluding the Natal positive impact.
  • Net debt to LTM Adjusted EBITDA improved to 1.4x as of December 31, 2023, from 1.6x as of September 30, 2023.
  • Commenting on the results for the quarter Mr. Martín Eurnekian, CEO of Corporación América Airports, noted: “The strong momentum experienced throughout the year continued into the fourth quarter, with passenger traffic growing 13% year-on-year and revenue growth ex-IAS29 surpassing the increase in traffic.

Corporación América Airports Announces Fourth Quarter 2023 Financial Results Call and Webcast

Retrieved on: 
Thursday, March 14, 2024
Other Transport, Air, Transportation, Transport, Travel, Telephone, CAAP

Corporación América Airports S.A. (NYSE: CAAP), one of the leading private airport operators in the world, today announced that it will report its Fourth Quarter 2023 results on Wednesday, March 20, after market closes.

Key Points: 
  • Corporación América Airports S.A. (NYSE: CAAP), one of the leading private airport operators in the world, today announced that it will report its Fourth Quarter 2023 results on Wednesday, March 20, after market closes.
  • We remind all participants to connect through the telephone in order to ask questions.

Corporación América Airports S.A. Reports January 2024 Passenger Traffic

Retrieved on: 
Friday, February 16, 2024
Air, Transport, Logistics, Supply Chain Management, Other Travel, Transportation, Travel, Aircraft, Yoy, Ministro Pistarini International Airport, International, Atmosphere, CAAP, Volume, Equair, Airline

Total passenger traffic grew 2.0% compared to the same month of 2023, reaching 91.7% of January 2019 levels.

Key Points: 
  • Total passenger traffic grew 2.0% compared to the same month of 2023, reaching 91.7% of January 2019 levels.
  • International passenger traffic surpassed pre-pandemic levels by 0.3%, while domestic traffic stood at 90.0% of January 2019 levels.
  • International passenger traffic, which accounted for over 75% of the total traffic, was 4.4% higher than January 2019 levels, while domestic passenger traffic was 12.3% below pre-pandemic levels.
  • While international passenger traffic exceeded pre-pandemic levels by 6.3%, domestic traffic reached 90.1% of January 2019 levels, impacted by the exit of the local airline Equair.

Avolta and Corporación America Airports unite for Strategic Airport Enhancement in Uruguay

Retrieved on: 
Tuesday, January 30, 2024
Partnership, Growth, Mount Albert Grammar School, Investment, Travel, Airport, CAAP

Avolta, the leading global travel experience player, and Corporación America Airports (NYSE:CAAP), the leading private airport operator managing 53 airports in 6 countries, proudly announce their collaborative initiative to elevate the airport retail experience.

Key Points: 
  • Avolta, the leading global travel experience player, and Corporación America Airports (NYSE:CAAP), the leading private airport operator managing 53 airports in 6 countries, proudly announce their collaborative initiative to elevate the airport retail experience.
  • In a pioneering move, Avolta and Corporación America Airports have forged a partnership to revolutionize travel retail in Uruguay, seeking to establish a novel business model by leveraging the combined expertise of duty-free retail and airport management as master concessionaire for travel retail.
  • This collective effort aims to design, implement, and operate duty-free stores that significantly enhance the overall airport experience.
  • Martin Eurnekian, CEO of Corporación America Airports, expressed enthusiasm about the collaboration, stating, "We aim to explore every aspect of the customer journey and airport operations, identifying opportunities for improvement through integration and collaboration."

Corporación América Airports S.A. Reports December 2023 Passenger Traffic

Retrieved on: 
Wednesday, January 17, 2024
Air, Transport, Logistics, Supply Chain Management, Other Travel, Transportation, Travel, Aircraft, Ministro Pistarini International Airport, International, Volume, CAAP, COVID-19, Yoy, Atmosphere, Airline

Overall passenger traffic reached 96.2% of December 2019 levels, with all countries except Brazil, Italy and Uruguay above pre-pandemic.

Key Points: 
  • Overall passenger traffic reached 96.2% of December 2019 levels, with all countries except Brazil, Italy and Uruguay above pre-pandemic.
  • International passenger traffic surpassed pre-pandemic levels of December 2019 by 4.6%, while domestic traffic stood at 94.1% of December 2019 levels.
  • International passenger traffic, which accounted for over 75% of the total traffic, was at December 2019 levels, while domestic passenger traffic was 18.1% below pre-pandemic levels.
  • While domestic passenger traffic exceeded pre-pandemic levels by 2.0%, International traffic reached 99.4% of December 2019 levels.

CAAP Announces Its Subsidiary ICASGA in Natal, Brazil, Receives Indemnification Payment Related to the Friendly Termination of Its Concession Agreement

Retrieved on: 
Monday, January 8, 2024
Transportation, Air, Transport, Travel, Tax, Government, Greater Natal International Airport, Banjul International Airport, Private sector, CAAP, Adjustment, Investment, TCU, Airline

On March 5, 2020, ICASGA filed a request to the Brazilian Federal Government to commence the termination process of the concession agreement.

Key Points: 
  • On March 5, 2020, ICASGA filed a request to the Brazilian Federal Government to commence the termination process of the concession agreement.
  • Later, in November 2020, ICASGA executed an irrevocable amendment for the termination of the existing concession.
  • Pursuant to the terms of the amendment agreement, upon the execution of a new concession with a new operator, an indemnification payment had to be made to ICASGA.
  • The Company will inform the market in due course the net amount of the indemnification payment.

Corporación América Airports S.A. Reports October 2023 Passenger Traffic

Retrieved on: 
Tuesday, November 21, 2023
Transportation, Air, Transport, Travel, Aircraft, Ministro Pistarini International Airport, Yoy, CAAP, International, Airport, Atmosphere, Volume, COVID-19, Airline, Rail freight transport, Tourism, Pisa

Overall passenger traffic reached 101.2% of October 2019 levels, up from the 98.9% posted in September, with all countries except Brazil above pre-pandemic.

Key Points: 
  • Overall passenger traffic reached 101.2% of October 2019 levels, up from the 98.9% posted in September, with all countries except Brazil above pre-pandemic.
  • International passenger traffic surpassed pre-pandemic levels of October 2019 by 8.8%, while domestic traffic also improved versus the prior month slightly exceeding October 2019 levels.
  • International passenger traffic, which accounted for 80% of the total traffic, was 7.9% above October 2019 levels, while domestic passenger traffic surpassed pre-pandemic levels by 1.3%.
  • Although domestic traffic is still below pre-pandemic levels at Pisa airport, both airports exceeded October 2019 overall traffic volumes.

Corporacion America Airports Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 15, 2023
Retail, Transportation, Supply Chain Management, Travel, Other Transport, Convenience Store, Other Retail, Restaurant, Bar, Wine & Spirits, Air, Transport, Specialty, Logistics, Public Transport, Food, Beverage, EBITDA, CAAP, Telecommunications, Investment, Construction, Argentine peso, IAS, Depreciation, Advertising, Adjustment, Pre-construction services, Net income, Debt, VIP, Bookkeeping

Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by total revenues.

Key Points: 
  • Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by total revenues.
  • Adjusted EBITDA excluding Construction Service (“Adjusted EBITDA ex-IFRIC”) is defined as income for the period before construction services revenue and cost, financial income, financial loss, income tax expense, depreciation and amortization.
  • Percentage variations ex-IAS 29 figures compare results as presented in the prior year quarter before IAS 29 came into effect, against ex-IAS 29 results for this quarter as described above.
  • The impact from “Hyperinflation Accounting in Argentina” is described in more detail page 25 of this report.

Corporación América Airports Announces Third Quarter 2023 Financial Results Call and Webcast

Retrieved on: 
Wednesday, November 8, 2023
Transportation, Air, Transport, Travel, CAAP, Telephone, NYSE, Airline

Corporación América Airports S.A. (NYSE: CAAP), one of the leading private airport operators in the world, today announced that it will report its Third Quarter 2023 results on Wednesday, November 15, after market closes.

Key Points: 
  • Corporación América Airports S.A. (NYSE: CAAP), one of the leading private airport operators in the world, today announced that it will report its Third Quarter 2023 results on Wednesday, November 15, after market closes.
  • We remind all participants to connect through the telephone in order to ask questions.