Corporacion America Airports SA (CAAP) has released an update.
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Corporacion America Airports SA (CAAP) reported a slight revenue increase of 0.2% year-over-year in the second quarter of 2024, despite a 5% decline in passenger traffic, excluding Natal. The company’s strong cash position is highlighted by an improved net debt to LTM Adjusted EBITDA ratio of 1.1x. CAAP’s diversified portfolio and geographic expansion, including negotiations for a new $400 million Capex plan in Armenia and a new master plan for Florence airport, demonstrate resilience against Argentina’s economic challenges and position the company for long-term growth.
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