Strong Passenger Traffic Growth
Total passenger traffic grew by over 7% year-over-year, or more than 9% when excluding the discontinued Natal concession. Notably, international traffic increased nearly 13%, led by Argentina and Italy.
Record Traffic Levels in Argentina and Uruguay
Argentina reached record traffic levels in January, and Carrasco airport in Uruguay also reached a record high in the same month.
Revenue and Adjusted EBITDA Growth
Revenues rose 6% year-over-year, and nearly 12% on an ex-IAS29 basis. Adjusted EBITDA was $156 million, up 4% when excluding IAS29.
Solid Financial Position
The company maintained a solid liquidity position with $524 million in liquidity and a stable net leverage ratio of 1.1 times.
Positive Developments in Cargo
Cargo volumes were up 9% year-over-year, with strong performance in Uruguay and Argentina. A new cargo business model in Argentina is expected to contribute positively to revenue growth.
Expansion and Strategic Growth
The company is actively pursuing opportunities and making progress across multiple geographies, with proposals submitted in Montenegro and Angola.
Recognition and Awards
Several airports received prestigious awards, with Carrasco International Airport in Uruguay named the best airport in Latin America and the Caribbean in its category.