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Corporacion America Airports SA ( (CAAP) ) has shared an update.
Corporación América Airports S.A. reported a 3.2% year-on-year increase in passenger traffic for December 2024, with a notable 11.4% rise in international traffic. Excluding the impact of the discontinued operations at Natal Airport, the total passenger traffic showed a 6.6% growth. Argentina recorded an all-time high in monthly passenger traffic, driven by a strong recovery in domestic traffic and significant growth in international traffic. The company saw varying performance across countries, with Italy and Argentina showing robust growth, while Brazil experienced a decline due to reduced operations at Natal. Cargo volume increased by 9.3% year-on-year, and aircraft movements were up by 2.5%, indicating a positive trend in operational metrics.
More about Corporacion America Airports SA
Corporación América Airports S.A. (CAAP) is a leading private airport operator in the world, primarily engaged in operating airports across multiple countries, including Argentina, Brazil, Italy, and others. The company is focused on passenger and cargo traffic management, with a significant presence in international markets.
YTD Price Performance: -4.83%
Average Trading Volume: 163,222
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.95B
See more data about CAAP stock on TipRanks’ Stock Analysis page.
