Corporacion America Airports ( (CAAP) ) has released its Q4 earnings. Here is a breakdown of the information Corporacion America Airports presented to its investors.
Corporacion America Airports S.A. (CAAP) is a leading private airport operator globally, managing a diverse portfolio of airports across multiple countries, including Argentina, Italy, Brazil, Uruguay, Armenia, and Ecuador. The company is known for its extensive operations in the aviation sector, providing both aeronautical and non-aeronautical services.
In its latest earnings report, Corporacion America Airports reported solid financial results for the fourth quarter and full year of 2024, despite challenges in Argentina. The company achieved a significant expansion in its Adjusted EBITDA margin across all geographies, which helped offset a softer performance in Argentina. Notably, passenger traffic in Argentina rebounded to record highs in December 2024 and January 2025.
Key financial highlights include a 23.1% year-over-year increase in consolidated revenues, excluding IFRIC12, for the fourth quarter, driven by a 29.0% rise in aeronautical revenues and a 17.5% increase in commercial revenues. Despite a slight decrease in passenger traffic, cargo volume increased by 16.3%, and aircraft movements rose by 1.9%. The company’s liquidity position remained strong, with cash and cash equivalents totaling $439.8 million, and net debt to LTM Adjusted EBITDA improved to 1.1x.
Looking forward, Corporacion America Airports is committed to advancing its strategic growth plans, with initiatives aimed at enhancing the passenger experience and driving commercial revenue growth. The company is expanding facilities at Ezeiza Airport in Argentina and developing new projects in Uruguay, Armenia, and Italy. With a solid balance sheet and a net leverage ratio of 1.1x, CAAP is well-positioned to support its growth initiatives and deliver long-term value to shareholders.