Corporacion America Airports SA (CAAP) has released an update.
Corporación América Airports reported a 4.2% drop in third-quarter revenue, primarily due to challenges in Argentina, but highlighted a robust cash position of $511 million. Despite a decline in passenger traffic and adjusted EBITDA, the company remains optimistic, citing strong growth in Uruguay, Brazil, and Italy and a strategic focus on expanding infrastructure. The recent approval of increased passenger fees in Argentina is expected to bolster future revenues.
For further insights into CAAP stock, check out TipRanks’ Stock Analysis page.